wise debit card from wise.com latest information, Wise is a London-based financial technology company founded by Estonian businessmen Kristo Käärmann and Taavet Hinrikus in January 2011.
Wise was launched in 2011 with the vision of making international money transfers cheap, fair, and simple. Today, our multi-currency account helps millions of people and businesses manage their money across the world. Here’s how we got here.
They’re both from Estonia. Taavet, who was the first employee at Skype, lived in London but got paid in euros. Kristo worked for Deloitte, also lived in London, and got paid in pounds. But he had a mortgage in euros back in Estonia.
They both moved their money with their banks — which had expensive fees and bad exchange rates. They knew there had to be a better way. So they put their heads together and invented a beautifully simple workaround.
wise debit card
Meet the biodegradable Wise eco card. Full of all the great benefits you expect from a Wise debit card — just cleaner.
Summary of the Wise Debit Card?
- The Wise debit card is easy to sign up to and packed with features. We see it as very similar to a travel money card, but cheaper in seemingly every sense.
- There is a one-off $14 charge to issue the Wise debit card – this covers postage and account setup. After you pay the $14, there is no further ongoing charge (i.e. when the card renews). Despite the upfront fee, we consider the ongoing savings to be considerable, especially when compared to a travel money card.
- Right now, banks charge between 2.10% and 2.8% of your purchase price in ‘overseas currency conversion’ fees when using a debit card. This means if you spend NZ$100 overseas, your bank charges you $2.10 to $2.80 on top of that. It is these fees that soon add up.
- The Wise debit card offers a much better deal. You’ll pay between 0.35% and 2.85% in overseas currency conversion fees. For popular currencies such as AUD, GBP, USD and EUR, you’ll pay around 0.35%. Additionally, you can withdraw up to NZ$350 free every 30 days from ATMs around the world free of charge.
- The Wise debit card is available to all New Zealand customers. It also offers a free New Zealand bank account number. You can also open up accounts in other currencies (USD, AUD, GBP, EUR etc) to store money if you want to lock in an exchange rate.
No toxic fees, no toxic waste
Spend with your eco card without any additional costs in more than 170 countries. When it’s time to part ways, you can dispose of your card safely – no harmful fumes are released.
Less ink, less waste
The eco card has little printed details, as you’ll see. Anything that wasn’t absolutely important to the card, like your pan number, was removed because ink isn’t biodegradable.
Made to biodegrade
The majority of bank cards are composed of PVC plastic, which degrades over 400 years. Utilizing sustainable materials, such as non-food corn, the Wise eco card is produced. Because life in plastic isn’t all that great.
Let’s get digital
In order to make contactless or online purchases, add your eco card to Google Pay or Apple Pay. You can always generate digital cards in the app if you want to reduce additional shipping emissions.
Wise give A better way to move money across borders
Each month, they looked up the real exchange rate on Reuters. Taavet put his euros into Kristo’s Estonian bank account, and Kristo topped up Taavet’s UK account with his pounds. Both got the currency they needed almost instantly, and neither paid an extra cent on bad exchange rates or unreasonable charges.
There was no waiting, no stress, and no extra cost. ‘There must be others like us…’ they thought. So they started a company, called it TransferWise, and hired a team to build the best way to send money between countries.
As we grew, we realised that people needed more than just money transfers. So we added a multi-currency account, a debit card, and a business account, and changed our name to Wise.
Using the Wise card to begin
With minimal conversion costs and no transaction fees, you may use the Wise card to make purchases all over the world. Wise account holders who live in Australia, Brazil, the EEA, Japan, New Zealand, Singapore, Malaysia, Switzerland, the UK, the US, and Canada can currently use it.
Country that use wise debit card
You can always check your card number, expiration date, and CVV on the app or website for cards issued for these countries:
- the UK
- the EEA
- Switzerland
- Australia
- New Zealand
- Singapore
- Japan
- Malaysia
- Canada
- Brazil
How to Get the Wise Debit Card
Signing up is straightforward, but there are some personal verification steps to complete. We outline the process below:
- Sign up for a Wise borderless account. You’ll need to select a currency, and the most appropriate is likely to be the New Zealand Dollar. You can add more currencies afterwards. Wise then verifies the information, which can take 1-3 business days.
- Order your Wise card. Right now, there is no delivery charge, and the estimated delivery time is around three weeks.
- Activate your Wise card. Once you receive your card, you will need to activate it. You’ll also need to memorise your PIN. Once done, your card is good to use. You can download the Wise app and add money.
USE THE LINK BELLOW TO GET YOUR WISE DEBIT CARD
Wise vs Banks and Other Options – Who Offers the Best Deal?
How much foreign currency does NZ$250 get me?
Results:
- We found that for debit card purchases, the Wise Debit Card provides the best deal.
- For credit card purchases, the Flight Centre Mastercard outperformed all other cards given its 0% overseas currency conversion fee.
- ANZ offered the best bank deal with its 1.30% overseas currency conversion fee.
How much foreign currency does NZ$250 get me?
Results based on exchange rates as of 11 July 2022. We used rates of 1 NZD = 0.91 AUD, 0.51 GBP, 0.61 Euro and 0.62 USD, with our guide for foreign currency conversions providing the individual card fees.
|
Payment Method
|
Foreign Currency Conversion Fee
|
Australian Dollars ($)
|
British Pounds (£)
|
Euros (€)
|
US Dollars ($)
|
|
Wise Debit Card
|
$226.39
|
£126.88
|
€151.75
|
$154.24
|
|
|
Flight Centre Mastercard
|
$227.50
|
£127.50
|
€152.50
|
$155.00
|
|
|
Q Mastercard
|
$224.32
|
£125.72
|
€150.37
|
$152.83
|
|
|
ANZ Credit and Debit Card
|
$224.54
|
£125.84
|
€150.52
|
$152.99
|
|
|
Kiwibank Credit Card
|
$223.29
|
£125.14
|
€149.68
|
$152.13
|
|
|
SBS Credit and Debit Card
|
$222.95
|
£124.95
|
€149.45
|
$151.90
|
|
|
ASB Debit & Credit Cards
|
$222.72
|
£124.82
|
€149.30
|
$151.75
|
|
|
BNZ Debit & Credit Cards
|
$222.38
|
£124.63
|
€149.07
|
$151.51
|
|
|
Kiwibank & TSB Debit Cards
|
$221.81
|
£124.31
|
€148.69
|
$151.13
|
|
|
Westpac Debit & Credit Cards
|
$223.06
|
£125.01
|
€149.53
|
$151.98
|
|
|
Co-operative Bank Debit Cards
|
$221.59
|
£124.19
|
€148.54
|
$150.97
|
|
|
PrezzyCard
|
$219.54
|
£123.04
|
€147.16
|
$149.58
|
|
|
PayPal
|
$217.26
|
£121.76
|
€145.64
|
$148.03
|
How much do I pay to use an ATM overseas?
Results:
- We found that for debit card purchases, the Wise Debit Card provides the best deal.
- Wise offers 0% foreign currency fees if you withdraw up to NZ$350 within a 30-day rolling period, and then a 1.75% fee of anything above that. Since COVID-19, most of the western world has moved cashless so we believe NZ$350 a month is a reasonable amount for most needs.
- There may be fees for anyone who relies on physical cash – you can make two withdraws up to NZ$350/month in total (or the equivalent foreign currency) without any fees. However, after NZ$350, you will pay ATM fees (NZ$1.50/withdrawal) and a 1.75% commission. These fees are not charged when you use the card to pay online or in-store. For most people, physical cash is likely to be less secure, and since COVID card acceptance is near-universal.
Table 2 – How Much Do I Need to Pay to Use an ATM Overseas?
|
Debit Card Provider
|
Foreign Currency Conversion Fee
|
ATM Withdrawal Fee (overseas)
|
Cost to Withdraw AU$200 (in NZD, including fees)
|
Cost to Withdraw £200 (in NZD, including fees)
|
Cost to Withdraw €200 (in NZD, including fees)
|
Cost to Withdraw US$200 (in NZD, including fees)
|
|
0% or 1.75% (after NZ$350 withdrawn per month)
|
$0 or $1.50 (after NZ$350 withdrawn or two withdrawals made per month)
|
$224.18
|
$400.00
|
$334.43
|
$329.03
|
|
|
1.30%
|
$0
|
$222.64
|
$397.25
|
$332.13
|
$326.77
|
|
|
2.10%
|
$0
|
$224.40
|
$400.39
|
$334.75
|
$329.35
|
|
|
2.25%
|
$0
|
$224.73
|
$400.98
|
$335.25
|
$329.84
|
|
|
2.50%
|
$6
|
$231.27
|
$407.96
|
$342.07
|
$336.65
|
|
|
1.95%
|
$3
|
$224.07
|
$399.80
|
$334.26
|
$328.87
|
|
|
2.50%
|
$5
|
$230.27
|
$406.96
|
$341.07
|
$335.65
|
|
|
2.60%
|
$6.50
|
$231.77
|
$408.46
|
$342.57
|
$337.15
|
|
|
2.00%
|
$0
|
$230.78
|
$406.60
|
$341.03
|
$335.63
|
Wise today
Our name may have changed but the heart of what we do is always the same: helping people manage their money internationally more cheaply, quickly, and transparently.
Millions of people and businesses trust us to move their money, saving them bank fees and time. With the Wise account, they hold balances in over 50 currencies, and use our debit card to shop and spend while abroad.
We’ve partnered with banks and companies like Monzo, Bolt, and GoCardless, to bring their customers better international banking. And people like Richard Branson, and PayPal co-founder Max Levchin, among others, have invested in our vision.