Multi-Currency Digital Account

Wise: Travel money review

Hold 50+ currencies, spend in 200+ countries with the real mid-market exchange rate. The most popular travel money card for international travelers.

4.8
Editorial rating

Overview

Wise (formerly TransferWise) offers a multi-currency account and debit card that lets you hold, convert, and spend in over 50 currencies at the real exchange rate — the one you see on Google. Unlike traditional banks that add hidden markups of 3-5%, Wise converts currency at the mid-market rate with a transparent, low fee. You get local bank details in 10 currencies, making it feel like having a local account wherever you go.

Visit Wise website

Key features

Real mid-market exchange rate — no hidden markup
Hold and manage 50+ currencies in one account
Free ATM withdrawals up to £200/month (1.75% fee above)
Local bank details in 10 currencies (USD, EUR, GBP, AUD, NZD, CAD, SGD, HUF, RON, TRY)
Free to spend any currency you already hold
Digital card available instantly; physical card ships worldwide
Auto-convert when rates are favorable

Fees at a glance

Card order One-time £7 fee for physical card (digital card free)
Account maintenance No monthly fee
Currency conversion 0.35%–1.5% depending on currency pair, mid-market rate
ATM withdrawal Free up to £200/month; 1.75% + £0.50 above
Spending held currency Free (no conversion needed)
Adding money Free via bank transfer; small fee for card/debit top-ups

Fees shown are indicative and based on provider websites as of 2026-07-11. Check the provider's official website for current rates and terms.

Editorial ratings

(out of 10 per category)
Exchange rates 10/10

Mid-market rate — best in class

Fee transparency 10/10

Clear fee breakdown, no hidden markups

Currency coverage 9/10

50+ currencies covers all major destinations

ATM access 7/10

Good but limited free withdrawals

App experience 10/10

Polished, intuitive, feature-rich

Best for

  • • Frequent travelers visiting multiple countries
  • • Digital nomads paid in different currencies
  • • Expats managing money across borders
  • • Anyone tired of hidden bank FX markups

Not ideal for

  • • Large ATM cash withdrawals (fees add up after £200/month)
  • • Those who prefer traditional banking relationships
  • • Investing or earning interest on balances (not a savings account)
50+
Currencies
4.8
Editor Rating
multi currency
Type
Global
Availability

Availability

Available in 70+ countries. Check Wise website for your country.

Frequently asked questions

Is Wise safe to use for travel?

Yes. Wise is regulated by financial authorities including the FCA in the UK and holds your money in segregated accounts at major banks. It's used by over 16 million customers worldwide.

How does Wise's exchange rate compare to banks?

Wise uses the mid-market rate — the real exchange rate without markup. Traditional banks typically add a 3-5% hidden markup. This means you can save $30-50 on every $1,000 spent abroad.

Can I use Wise in Japan/Thailand/Vietnam?

Yes, Wise works wherever Mastercard is accepted. However, Japan is still a cash-heavy society so you'll need ATM withdrawals. Thailand and Vietnam have good card acceptance in cities but cash is needed in rural areas.

Last updated: 2026-07-11. Exchange rates, fees, and product features change. Always verify with the provider's official website.

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Disclaimer: This information is for general reference only and does not constitute financial advice. Exchange rates, fees, and product features are subject to change. Always check the provider's official website for current rates and terms before making a decision.