The wallet allows users to hold and convert money in multiple currencies. This is particularly useful for people who travel frequently, work abroad, or engage in international transactions.
PROS
This eWallet supports multiple currencies, allowing users to hold and transact in different currencies within the same account.
Multicurrency
This platform offers a prepaid card option for funding, allowing users to load funds onto a card and use it for convenient and secure transactions.
Prepaid Card
This personal savings account does not charge a monthly maintenance fee, providing account holders with a cost-effective way to manage their savings. By eliminating the monthly fee, account holders can save money and allocate more of their funds towards their savings goals.
No Monthly Maintenance Fee
CONS
This trading platform offers limited customer support, leading to delays in resolving issues or inadequate assistance for traders. With subpar customer support, traders may face challenges in getting timely responses to their inquiries, resolving technical difficulties, or receiving necessary guidance.
Poor Customer Support
PROS & CONS
APPS
MULTICURRENCY WALLET
ACCOUNT OPENING
Steps to Open an Account with Wise
The process of opening an account with this e-wallet is straightforward and involves key steps to ensure a safe and efficient experience. The detailed steps are as follows:
Visit the Official Website: Look for the option to open a new account, usually highlighted on the main page.
Complete the Registration Form: Provide personal details such as name, address, email, and phone number. Depending on the platform's requirements, you may be asked for additional information to better understand your user profile.
Identity Verification: Upload documents to prove your identity, including a photo ID and, in some cases, proof of address.Account Configuration: Select relevant options, such as the main currency.
Fund Deposit: Add funds to your account using one of the available payment methods.
Currencies Available in Wise
The Wise Wallet supports a variety of currencies for adding, holding, and receiving funds. You can add money to your account in the following currencies:
AUD (Australian dollar)
BGN (Bulgarian lev)
BRL (Brazilian real)
CAD (Canadian dollar)
CNY (Chinese yuan)
CHF (Swiss franc)
CZK (Czech koruna)
DKK (Danish krone)
EUR (Euro)
GBP (British pound)
HUF (Hungarian forint)
IDR (Indonesian rupiah)
JPY (Japanese yen)
MYR (Malaysian ringgit)
NOK (Norwegian krone)
NZD (New Zealand dollar)
PLN (Polish zloty)
RON (Romanian leu)
SEK (Swedish krona)
SGD (Singapore dollar)
TRY (Turkish lira)
USD (United States dollar).
Additionally, Wise allows sending and receiving money in the following currencies: AUD, BGN, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD (Hong Kong dollar), HUF, IDR, INR (Indian rupee), JPY, MYR, NOK, NZD, PLN, RON, TRY, SEK, SGD, and USD.
Wise also enables transfers to and from a wide range of countries and regions, including Argentina, Australia, Bangladesh, Brazil, Bulgaria, Canada, Chile, China, Colombia, Costa Rica, Czech Republic, Denmark, Egypt, Europe, Georgia, Guatemala, Ghana, Hong Kong, Hungary, Indonesia, Israel, Japan, Kenya, Malaysia, Mexico, Morocco, Nepal, New Zealand, Norway, Pakistan, Philippines, Poland, Romania, Singapore, South Africa, South Korea, Sri Lanka, Sweden, Switzerland and Liechtenstein, Tanzania, Thailand, Turkey, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Vietnam, and Zambia.
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Deposit & Withdrawal Methods
REGULATION
Financial Conduct Authority
FCA
United Kingdom
ASSETS & SERVICES
The Wise Wallet app is designed to facilitate money management in multiple currencies for users around the world. Here are some key features and functionalities of the app:
Multi-Currency: The Wise Wallet allows users to hold and convert money in multiple currencies.
Low-Cost International Transfers: Wise is known for its low fees and transparency in international transfers. The app clearly displays the fees and the real exchange rate applied to each transaction.
Ease of Use: The app's user interface is intuitive and easy to navigate. Users can easily send money, view their balance in different currencies, and review their transaction history.
Real-Time Currency Conversion: Users can convert their money to other currencies directly within the app at competitive exchange rates and with minimal commissions.
Wise Debit Card: The app integrates with the Wise Debit Card, which allows users to spend in different currencies without additional currency conversion charges.
Alerts and Notifications: The app offers customizable notifications and alerts to keep users informed about their transactions and changes in exchange rates.
WISE: ANALYZING THE TRANSFORMATION OF INTERNATIONAL MONEY TRANSFERS WITH FINTECH
Have you come across this financial app and wonder what it is all about? In this review, we will walk you through the key points to consider when evaluating its features and benefits.
29.11.23
Last Update: