In this guide

  • Our verdict
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
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Wise (TransferWise) Multi-currency Account

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Wise multi-currency Account

This product is not currently available via Finder. Visit the provider's website directly, or compare other options.

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Account keeping fee
$0
ATM withdrawal fee
$0
Overseas ATM withdrawal fee
$0

Our verdict

The Wise Platinum Debit Mastercard holds 40+ currencies, and you get five sets of international bank details.

Independent research commissioned by Wise reveals using this card to exchange currencies, and to send or receive foreign currencies, is up to 10 times cheaper than the big banks.

Pros

  • You can hold 40+ currencies
  • Linked TransferWise Platinum Debit Mastercard
  • Receive 5 sets of international bank details
  • Get the real exchange rate with no commissions charged
  • No account fees, setup fees or fees to receive money

Cons

  • Samsung Pay not available yet

In this guide

  • Our verdict
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question

The Wise multi-currency account comes with a linked Platinum Debit Mastercard that you can use in Australia or overseas. The account holds over 40 foreign currencies, and gives you local bank account details for NZ, the UK, the US and Europe so you can send and receive money like a local. It’s the equivalent of having a local account in the countries that use those currencies. Plus, you can exchange currencies using the real exchange rate, with no markups.

Details

Key details

Product Name Wise multi-currency Account
Monthly account fee $0
Card access Mastercard
Own network ATM fee $0
International transaction fee 0%
Monthly deposit required to waive account fee N/A
Contactless Payments Apple Pay, Google Pay

Eligibility

Minimum Age 18
Joint account availability No
Minimum opening deposit N/A

Key features

Picture not described

Over 40 currencies supported

This multi-currency account allows you to hold money in over 40 global currencies, and spend in more than 160 countries. You can exchange one currency into another currency instantly using your mobile app or by logging into your account online.

Comes with 5 sets of international bank account details

Not only does this account support 40 currencies, but you also receive bank account details for Europe, The UK, New Zealand, the US as well as Australia. It's like having a local account in each of those markets. For example, you can get paid in USD directly into your account or you can pay an invoice in GBP using your UK account details.


How to apply

If you're keen to open a Wise multi-currency account, you can do this online in less than 10 minutes. This account is currently available for personal use, as well as for businesses and sole traders.

Eligibility

  • Open an account. You need to first create an account online with Wise, and then login.
  • Personal details. Fill in your personal profile details. If you're a business, you need to include your business details including your registered business name and Australian Business Number (ABN) if you're creating a business account.

Your reviews

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Ask a question

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Alison Finder

Editor

Hi there, looking for more information? Ask us a question.

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Darren

February 25, 2020

Does third party operators charge an ATM withdrawal fee when withdrawing overseas ?


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Ash

February 26, 2020

Hi Darren,


Thanks for contacting Finder.


You should not be charged for any third-party ATM fees if you’re going to withdraw cash overseas. If you’re prompted for an extra charge for using the ATM, you may cancel the transaction and look for another ATM.


I hope this helps.


Cheers,

Ash


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