Wise Test Wise Wise Debit Card Usage 2 — Questions and Answers
Question 1: When you use your Wise debit card to withdraw cash from an ATM abroad, what happens to the first two free withdrawals each month?
- They are charged at a flat $2 fee each
- They are free up to a combined $100 limit (Correct answer)
- They are free up to a combined $200 limit
- They are only free if you withdraw in your home currency
Correct 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.
Question 2: What fee does Wise charge for ATM withdrawals that exceed the free monthly allowance?
- 1.5% of the amount withdrawn
- 2% of the amount withdrawn plus $0.50 (Correct answer)
- A flat $3 per transaction
- The ATM operator's fee only
Correct answer: 2% of the amount withdrawn plus $0.50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.
Question 3: Which of the following best describes how Wise converts currencies when you pay at a merchant abroad?
- It uses the bank's retail exchange rate with a fixed 3% markup
- It converts using the mid-market rate with a small conversion fee (Correct answer)
- It locks in a rate 24 hours before the transaction
- It uses Visa's daily posted rate with no additional fee
Correct 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.
Question 4: What is a key advantage of holding multiple currency balances on your Wise account before traveling?
- You earn interest on every foreign balance held
- The card automatically charges the balance in the local currency, avoiding a conversion fee (Correct answer)
- Wise waives all ATM fees for multi-currency account holders
- Your spending limits are doubled for each currency held
Correct 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.
Question 5: How does Wise handle a card payment in a currency you do NOT hold a balance in?
- It declines the transaction automatically
- It converts from your largest available balance using the mid-market rate plus a fee (Correct answer)
- It uses a 0% credit line to cover the shortfall
- It charges the default USD balance only, never other currencies
Correct 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.
Question 6: Which payment networks does the Wise debit card support for in-store contactless payments in the US?
- Visa and Mastercard only
- Only Visa
- Mastercard only, with no contactless support
- Visa with contactless (NFC) support (Correct answer)
Correct answer: Visa with contactless (NFC) support
The Wise card in the US is a Visa debit card with NFC contactless payment capability.
Question 7: Can you add your Wise debit card to Apple Pay or Google Pay for mobile payments?
- No, Wise cards are not compatible with mobile wallets
- Yes, but only Apple Pay is supported
- Yes, both Apple Pay and Google Pay are supported (Correct answer)
- Only Google Pay is supported for US accounts
Correct 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.
Wise Test Wise Wise Debit Card Usage 2
When you use your Wise debit card to withdraw cash from an ATM abroad, what happens to the first two free withdrawals each month?