Wise Card

[Sparktrader]

Not as good as thought. 162 atm fee plus the 220 fee. Bit of a con job.

[soi3eddie]

Where was it said that Wise card is good for ATM usage? Wise's terms clearly set out costs involved in using their card. ATM in Thailand would have stated ATM fee before proceeding with transaction.

 

[Sparktrader]

Just now, soi3eddie said:

Where was it said that Wise card is good for ATM usage? Wise's terms clearly set out costs involved in using their card. ATM in Thailand would have stated ATM fee before proceeding with transaction.

 

Their terms arent much good. All these banks online or traditional are just a rip off.

[dj230]

whats the point of a wise card? just use your normal bank card? makes no sense

[Lemsta69]

1 hour ago, Sparktrader said:

Their terms arent much good. All these banks online or traditional are just a rip off.

Why ain't you using ING Orange Everyday MasterCard? Subject to a few easy to meet requirements they will rebate ATM fees AND they waive the usual 3% currency conversion fee. 

 

https://campaigns.ing.com.au/cards

[Sparktrader]

4 hours ago, Lemsta69 said:

Why ain't you using ING Orange Everyday MasterCard? Subject to a few easy to meet requirements they will rebate ATM fees AND they waive the usual 3% currency conversion fee. 

 

https://campaigns.ing.com.au/cards

That looks better thanks

[Nemises]

7 hours ago, Lemsta69 said:

Why ain't you using ING Orange Everyday MasterCard? Subject to a few easy to meet requirements they will rebate ATM fees AND they waive the usual 3% currency conversion fee. 

 

https://campaigns.ing.com.au/cards

Sounds good, but how do ING's currency exchange rates compare to Wise? Any link to their (ING's) daily FX rate?

[Thai Visa Member 999999]

3 hours ago, Sparktrader said:

That looks better thanks

There's also the Charles Schwab debit card. They refund your atm fees at the beginning of each month. It's pretty easy and free to transfer money to your CS account from an external US bank account. You don't have to hold any stocks or bonds with them to use it.

[Sparktrader]

9 minutes ago, Thai Visa Member 999999 said:

There's also the Charles Schwab debit card. They refund your atm fees at the beginning of each month. It's pretty easy and free to transfer money to your CS account from an external US bank account. You don't have to hold any stocks or bonds with them to use it.

Thats American

[2baht]

10 hours ago, Sparktrader said:

Their terms arent much good. All these banks online or traditional are just a rip off.

Their transfers are efficient, never found need for a card! Dee Money good for transfering out!

[Bigstef]

Wise card is good when you go in a country you don't have a bank account, especially for folks visiting a lot of country in one trip,you can diverse your money in different currency.

[nickmondo]

Wise seems to have internal processing problems at the moment.

Many times now I have experienced delays from them.

Yesterday big delays in processing transfer from a UK bank account to my Wise UK Bank account.

Are they really technical problems?  Or are they holding onto the dosh to make money?

[sheldoncollier]

Thanks for letting us know. Wise works great when going to the UK, Switzerland and Norway. I didn't know it wouldn't work as a local card in Thailand. That's unfortunate.

[Sparktrader]

12 minutes ago, sheldoncollier said:

Thanks for letting us know. Wise works great when going to the UK, Switzerland and Norway. I didn't know it wouldn't work as a local card in Thailand. That's unfortunate.

2 free withdrawals per month up to A$350 only, after 1.75% fee plus you pay 220 baht Thai fee everytime.

 

So not good except for online hotel bookings (rate is ok) or transfers.

 

 

[robertson468]

1 hour ago, nickmondo said:

Wise seems to have internal processing problems at the moment.

Many times now I have experienced delays from them.

Yesterday big delays in processing transfer from a UK bank account to my Wise UK Bank account.

Are they really technical problems?  Or are they holding onto the dosh to make money?

Been using them for over 6 month and never had a problem and transfer every month from UK Bank to Swift Account then to Thai Bank.  They use one of the more favourable exchange rates I know of.  By the way ATM fees are charged by the Bank who owns the ATM, not Wise.

[Sparktrader]

2 minutes ago, robertson468 said:

Been using them for over 6 month and never had a problem and transfer every month from UK Bank to Swift Account then to Thai Bank.  They use one of the more favourable exchange rates I know of.  By the way ATM fees are charged by the Bank who owns the ATM, not Wise.

Only the 220 baht fee is

The other fee is charged by Wise

2 fees

[PPGuy]

2 hours ago, nickmondo said:

Wise seems to have internal processing problems at the moment.

Many times now I have experienced delays from them.

Yesterday big delays in processing transfer from a UK bank account to my Wise UK Bank account.

Are they really technical problems?  Or are they holding onto the dosh to make money?

Yes, unusually I had an issue with a couple of transfers yesterday. These were UK bank to Wise transfers which didn't show as being received by Wise until about 4am Thai time today. I had sent them early Monday from my UK bank but Wise were showing 'money not received' all day. A bit unfortunate given that the rate dropped by about Bt0.65 in the meantime.

Was unsure if issue was with my UK bank or Wise, but seems to have been a Wise issue. No direct notification from Wise of any reason but their website did have a notice of possible delays when I looked at their 'contact' page.

Oh well, no big deal and having made over 400 transactions with them over the years I can live with the odd glitch or two.

[chilly07]

I have the Wise bank account  including the  debit card in case my UK bank closes  my account. Still do normal FX through  Wise as they offer the lowest fee and highest exchange rate.  Would only use my Wise debit card in emergency!

[Lemsta69]

6 hours ago, Nemises said:

Sounds good, but how do ING's currency exchange rates compare to Wise? Any link to their (ING's) daily FX rate?

Good point. it's actually a Visa debit card not a MasteCard so it'll use the Visa retail rate. For the life of me I can't remember where to look that up.

 

I'm retired here now so I don't use the card anymore. But when I was travelling before I used the card mostly as a backup to my 28 Degrees MasterCard credit card, which is "fee-free" except for ATM pulls. 

 

The ING card was useful if you found yourself in a situation where you need only a small amount of cash, say 5k for your last couple of days, or if you don't want to pull large amounts at a single time. 

 

I see they've restricted the ATM fee rebate to 5 per month but that's still a decent number. Imho this card is worth having in your wallet and ING issue them in Australia for free and there's no annual fee to worry about. 

[Sparktrader]

Wise transfers sometimes take 10 secs, sometimes 40 minutes.

[Sparktrader]

10 minutes ago, Lemsta69 said:

Good point. it's actually a Visa debit card not a MasteCard so it'll use the Visa retail rate. For the life of me I can't remember where to look that up.

 

I'm retired here now so I don't use the card anymore. But when I was travelling before I used the card mostly as a backup to my 28 Degrees MasterCard credit card, which is "fee-free" except for ATM pulls. 

 

The ING card was useful if you found yourself in a situation where you need only a small amount of cash, say 5k for your last couple of days, or if you don't want to pull large amounts at a single time. 

 

I see they've restricted the ATM fee rebate to 5 per month but that's still a decent number. Imho this card is worth having in your wallet and ING issue them in Australia for free and there's no annual fee to worry about. 

Someone on reddit said lower but after fees they beat the others. 380 baht in fees is a lot.

[KannikaP]

10 hours ago, Sparktrader said:

That looks better thanks

If you are in Oz!

 

Edited November 15, 2022 by KannikaP

[Lemsta69]

16 minutes ago, Sparktrader said:

Someone on reddit said lower but after fees they beat the others. 380 baht in fees is a lot.

380 baht in fees is robbery, plain and simple. But most Aussies I spoke to on the subject just couldn't be stuffed getting the 28 Degrees MC or the ING Orange. They prefer to use their Qantas travel card or those p.o.s. CommBank travel cards. Or worse, their standard bank-issued debit card which ends up costing them about 20 bucks for an ATM pull.

[Lemsta69]

1 minute ago, KannikaP said:

If you are in Oz!

 

He is in Oz! Or will be soon.

Edited November 15, 2022 by Lemsta69

[KannikaP]

2 hours ago, Sparktrader said:

Only the 220 baht fee is

The other fee is charged by Wise

2 fees

That Wise fee is to convert your GBP into THB as they do with any conversion. Do you want it for free?

[KannikaP]

27 minutes ago, Sparktrader said:

Wise transfers sometimes take 10 secs, sometimes 40 minutes.

If, as I do, you need it for Immigration purposes, it can take until the next day.

If you really want an instant transfer, send it the day before!  555

[KannikaP]

29 minutes ago, Sparktrader said:

Someone on reddit said lower but after fees they beat the others. 380 baht in fees is a lot.

Mr Google says that M Card can be 0.1 - 0.7 % better than Visa, depending on the actual currencies being converted. 

[Sparktrader]

8 minutes ago, KannikaP said:

That Wise fee is to convert your GBP into THB as they do with any conversion. Do you want it for free?

Wish i had gbp

[KannikaP]

2 minutes ago, Sparktrader said:

Wish i had gbp

Why, it's down again!

Surely WISE will charge you a fee to convert ANY currency into another, it's called Business. I pay £6.54 to convert £600 ( = 1.1%) into about THB 25000. Not bad I say.

Edited November 15, 2022 by KannikaP

[Sparktrader]

7 minutes ago, KannikaP said:

Mr Google says that M Card can be 0.1 - 0.7 % better than Visa, depending on the actual currencies being converted. 

Agoda gives 12% discount on mastercard some days.