For many international people having bank accounts in more than one country can be hard to manage and expensive.
But here’s the deal:
Services like Wise’s multi-currency account make holding, managing, and spending in multiple currencies easy and affordable.
Wise is great and I personally use them, but I am also going to uncover situations where Wise is NOT your best option and point you in the right direction to who might be.
The Wise Travel Card is a big part of what Wise offers as a whole which I covered in greater detail in my Wise Review.
Pros
- Free to open an account
- Multi currency account lets you hold, manage, and convert between 50+ currencies
- Send money home and to other countries in 70+ currencies
- Transparent and affordable fees for money transfers
- Open receiving accounts with global IBANs in 10+ currencies – reduce conversion fees as a frequent traveller or freelancer
- Debit card can be used worldwide – supports contactless payments
- Available for personal and business
Cons
- Not a real bank
- No cash transfers
The Wise multi currency account means you can get paid and pay others no matter what the currency – it is inexpensive and like having connected bank accounts in multiple countries. You can hold up to 50 currencies and spend them with very low currency conversion fees.
Need cash quickly? Use the card at any ATM overseas.
Let’s uncover how Wise can make travelling or working abroad easier for you.