Wise debit card

                                            

 

What is WISE ?

          Wise is an internation payment transfer hub that provide digital service and payments service.  It's regulated under Malaysia's law by bank negara. Therefore, you can trust the service provided by Wise.   

      Why do you use wise instead of local bank wire transfer or paypal service ? Simply because you can save some service fee like those RM10 imposed by local bank 's wire transfer or 5% charge by paypal's international payment transfer.  

      By looking at above diagram, you can get those near mid market exchange rate as shown on google exchange rate. If you use local bank's tele wire transfer, you won't able to send that much due to hidden markup fee and lower exchange rate...

      Besides of internationl payment transfer, you can get their debit card (VISA) to spend oversea at lower exchange rate or withdraw some cash money.  Just lock in their best exchange rate on their app in certain month and use it whenever you are going to travel.  With this debit card, you will get 2 times free cash withdrawals each month from the atm machine worldwide. 

    For your information, you can top up the wise account by local FPX local transfer and transfer back to your own bank account by just imposing little fee as low as RM 1 TO RM 2 each transaction.

  For those who don't want to bring a lot of cash or save some money when abroad.  Just get your wise card with you. Just head to below link to open account with wise..

 https://wise.com/invite/dic/singy23

 

FYI. you can use wise currency exchange chart to give you insight which month probably the best month to exchange your currency Or you even can use wise app to alert you expected exchange rate on your phone or on email. 

https://wise.com/gb/currency-converter/eur-to-myr-rate?amount=1#rate-alerts