ABOUT THE WISE TRAVEL CARD
In this ever-changing world most banks no longer provide foreign cash services leaving the customer taking an overseas trip with little option but to use their credit card or purchasing cash at the airport. To be fair some banks do offer foreign currency cards that can be used to make purchases and withdraw cash from ATMs but in most cases that is all you can do with bank issued cards.
Kiwi Travel Club members now have an alternative. The Wise Card. It is the one multi-currency card for all your travels. It is available as a physical card or as a digital card and does all the things that a bank issued card does but a whole lot more.
Send and Receive Money in different currencies: (Including New Zealand and Australian dollars) With a Wise Card you can setup multiple foreign currency accounts which work much like the internet banking services offered by many banks with some added features:
- Send money worldwide: The person or business receiving money don’t need a Wise Account
- Receive money worldwide: Again the person or business sending money don’t need a Wise Account
- Request money from a growing number of countries – worldwide (Create a payment link to share with family, friends, clients, or businesses so they can send you money)
Spend in 175 countries: Use your Wise Card just like you would use any other card back home. You can use it in more than 175 countries and withdraw money from 3 million ATMs. The Wise travel money card comes as a MasterCard that gives you the best rate for spending in 40+ different currencies.
ATM withdrawals: Get cash from more than 3 million ATMs worldwide (free from Wise fees, up to 350 NZD/AUD per month). If your trip is cancelled or you have left over currency, spend it back home, with a small conversion fee.
Get a better exchange rate: With the Wise travel money card, you can get a better exchange rate and lower fees than your bank. Top-up from the app, at the mid-market rate. If you have the local currency in your account, the Wise travel money card will use it. If not, it will auto-convert your money at the current rate, for a tiny fee.
Is the Wise travel card safe and secure: Wise is registered with the Financial Crimes Enforcement Network (FinCEN) with money service business registration number 31000065314305. It is licensed as a money transmitter in many states and is supervised by regulatory authorities in each of those states. Wise Payments Ltd operates in New Zealand as a foreign entity. It is not licensed by a New Zealand regulator to provide its services. However, it is supervised by the Department of Internal Affairs (DIA) for anti-money laundering purposes.
