As I prepare for my upcoming Roman Sojourn, thanks to readers, I am making sure all my financial tools are tidy and functioning. Included in these tools is WISE, a nifty way to transfer funds and exchange with low fees and favorable rates.
You can have multiple accounts in Wise with different currencies, receive and send in multiple currencies and transfer funds between them. If you use your Wise debit card (which you can get) in an ATM you get a low fee and the cash you get comes from the most appropriate currency account (US in these USA, Euro over there, etc.).
On that note, if you have ever travelled overseas and have used an ATM to withdraw local coin of the realm, you have probably seen a confusing option about conversion rates on the screen that you have to get past before you can get your money and keep moving. I’ve been doing this for a long time and I still look at that message and still have a moment of hesitation. Wise has a FAQ page to help make the choice. Here are some useful tips on the FAQ page.
When you use an ATM or a card machine, it may ask if you want the ATM to convert your money for you.
That center section with the options … I printed it out and keep it in my wallet when in Europe.
A friendly public service announcement. We now return to our regularly scheduled posts.