Wise
Multi-currency account for international transfers and spending EU & Global
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Overview
Wise is an international account for sending, receiving, holding, converting and spending money across currencies. Wise says it charges only for what you use, with no subscriptions or plans, and that it uses the mid-market exchange rate with a visible fee.
Best for
People who send money abroad, travel, freelance for foreign clients or relocate, and want clear per-transaction pricing.
Pros
- No subscription fees; you pay per use, per Wise
- Free to register and to hold money in your account
- Free to send the same currency between Wise contacts, per Wise
- Fee shown before you send
Cons
- Card costs 7 GBP and ATM withdrawals above 250 GBP/month cost 2.69% (UK pricing page)
- Fees and available features vary by country and currency
- Receiving USD wire or Swift payments carries a fixed fee (6.11 USD on the UK page)
- Wise Interest and Stocks are investment products where capital is at risk
Key features
- Send money abroad in many currencies
- Account details to receive money in 22 currencies (free)
- Convert between currencies
- Wise debit card for spending abroad
- Optional Wise Interest and Stocks (capital at risk)