Wise Test Wise Wise Debit Card Usage 2

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?

Accepted Answer

They are free up to a combined $100 limit

Answer

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?

Accepted Answer

2% of the amount withdrawn plus $0.50

Answer

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?

Accepted Answer

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

Answer

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?

Accepted Answer

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

Answer

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?

Accepted Answer

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

Answer

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

Wise Practice Test