In this Wise debit card review article, you will find out the benefits of having a borderless debit card and its account.

Formerly known as TransferWise, this company was founded to turn down barriers. So, it features a borderless account and debit card.

If you already have transferred money to another country, you have probably come across many high fees, exchange rates, and a long wait line.

On the other hand, the Wise doesn’t hide fees, charges reasonable exchange rates, and allows you to transfer money right away.

The card is accepted in over 200 countries with only 1.1% IOF on your purchases. And the account takes and converts more than ten currencies, including USD, GBP, and EUR.

Check out the full review right below!

To have a Wise debit card requires a Wise account. But that’s fine because if you are a traveler, for example, it will seem like you have a currency exchange in your pocket.

The card allows you to pay in the local currency, whether in America or Europe, and more.

Also, it offers the possibility to withdraw cash in over 200 countries and more than 50 currencies.

As said before, you need to open a Wise account. Then, add a minimum amount in your currency so that they will be able to order your newest card. That will cost you 5 GBP. 

After that, you can start converting money as you need with the cheapest rates and no hidden fees.

In addition, it is important to say that this card works with the credit option, but they will draw the money in your account.

Furthermore, besides the fact you can use it in the local currency, it is accepted everywhere Visa and Mastercard are.

So, basically, the Wise smart-technology auto-convert currency when you need it according to the lowest rate and fee possible.

With this card that works like a prepaid debit card, you get up to £200 for free for the first two withdrawals.

And if you need to convert currency in your card, you can do it using the app, and the Wise tech will show you the best exchange rates with no hidden fees.

Moreover, opening an account is free. But note that holding more than €15,000 in EUR balance will cost you 0.40% annually.

Finally, you receive money in EUR, GBP, AUD, NZD, RON, HUF & SGD, USD using ACH or bank debit for free.

However, receiving USD wire transfers costs 7.50 USD.

You don’t need a perfect credit score to apply for it since it is a debit card. However, you need to check out the requirements when opening an account at Wise.

If you want to be part of a borderless world with the best rates in the market, check out how to apply for a Wise debit card today!