Wise
0€ /month
Spend in any currency, receive money for free and send money around the world with your own foreign currency account — on average 8x cheaper than leading banks. Get paid with your own bank details. Anyone can use them to pay you like a local. You can hold more than 50 currencies at once, and convert between them in seconds. And with your own debit Mastercard, you can spend in the local currency — wherever you are. It’s accepted anywhere that takes Mastercard.
MAIN FEATURES:
- Monthly Fee 0€/month
- Free Wise debit Mastercard
- Free Euro/UK/US Bank Account details
- No need to change bank accounts
- No International ATM Fee (Up to 200€/month- 2% withdrawal fee if you exceed)
- No Card Fee
- No Transaction Fee
- Send money to 50+ countries.
TransferWise also includes:
- Convert 50+ currencies
- Get paid as a local
BASICS
Online account management | Yes |
24 hour service | N/A |
Fee on foreign transactions | No |
Accepted online | Yes |
Sort code & account number included | Yes |
| Get a European IBAN | Free |
CARD
- Card issuer: Wise
- Card type: Debit MasterCard
Card application fee | Free |
Monthly service fee | 0€/month |
Annual service fee | Free |
Card replacement fee | N/A |
Card cancellation fee | Free |
Dormancy fee | N/A |
TRANSACTION FEES
Foreign transaction Fee | Free |
Purchase fee | Free |
Internet Purchase fee | Free |
ATM WITHDRAWAL FEES
ATM withdrawals up to 200€ / 30 days | Free |
| ATM withdrawals over 200€ / 30 days | 2% |
Please note, the information provided is for guidance only and should not be considered a legitimate arrangement. We strongly recommend you double check terms & conditions with the corresponding bank or institution before committing to any financial product, as the information could have been updated. ¡Si! Compare is not liable and will not be held responsible for the content in our guides and comparisons.
Wise is a British online money transfer service founded in January 2011. The company supports more than 750 currency routes across the world including GBP, USD, EUR, AUD and CAD, and provides multi-currency accounts. In 2018 TransferWise’s net profit reached $8 million and its customer base reached 4 million, who collectively transfer around $4 billion per month.
The concept was to match transfers with other people and then have a small commission while using the inter-bank mid exchange rate, unlike traditional currency transfers where there are buy and sell rates and the broker takes the difference between the two.
In the past 8 years, the TransferWise movement has spread far and wide. And Richard Branson, and PayPal founders Max Levchin and Peter Thiel, among others, have invested in their vision.
They have opened 11 offices, with over 1,300 employees, across 4 continents.
Their values:
- It should be low-cost and fair.
- It should be easy. Sending money should be stress-free – no matter how far it’s traveling.
- It should be fast.
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