Wise Wise Debit Card Usage Flashcards

When you use your Wise debit card to withdraw cash from an ATM abroad, what happens to the first two free withdrawals each month?

Answer: They are free up to a combined $100 limit

Wise allows two free ATM withdrawals per month up to a combined total of $100 before fees apply.

What fee does Wise charge for ATM withdrawals that exceed the free monthly allowance?

Answer: 2% of the amount withdrawn plus $0.50

After the free ATM allowance is used up, Wise charges 2% of the withdrawal amount plus a $0.50 fixed fee.

Which of the following best describes how Wise converts currencies when you pay at a merchant abroad?

Answer: It converts using the mid-market rate with a small conversion fee

Wise uses the mid-market exchange rate and adds a small transparent conversion fee rather than a hidden markup.

What is a key advantage of holding multiple currency balances on your Wise account before traveling?

Answer: The card automatically charges the balance in the local currency, avoiding a conversion fee

If you already hold the local currency in your Wise account, the card spends it directly without triggering a conversion fee.

How does Wise handle a card payment in a currency you do NOT hold a balance in?

Answer: It converts from your largest available balance using the mid-market rate plus a fee

Wise auto-converts from your available balance (largest or selected) at the mid-market rate plus a small fee to cover the payment.

Which payment networks does the Wise debit card support for in-store contactless payments in the US?

Answer: Visa with contactless (NFC) support

The Wise card in the US is a Visa debit card with NFC contactless payment capability.

Can you add your Wise debit card to Apple Pay or Google Pay for mobile payments?

Answer: Yes, both Apple Pay and Google Pay are supported

Wise debit cards can be added to both Apple Pay and Google Pay for contactless mobile payments.