Wise Money App for Your Travels
If you are planning some overseas travel in the future, you might consider signing up for a WISE account.
WISE is not a Bank, but an international money system with a Visa Debit card. The card has a micro-chip and works as a contact-less payment card. Just wave it near the payment terminal presented to you when making a purchase. You can load almost any foreign currency onto the card and the exchange rates are way better than Visa/Mastercard or Bank rates. You load the card initially with Aussie dollars, and convert however much you want to spend in the foreign currency using the app on your phone. You will need internet or Mobile Data at the time of transfer. Easy.
I travelled recently to USA and relied heavily on my Wise card for shopping, sightseeing and transport. It worked better than I expected.
Some benefits are
- the great exchange rates and no MCD/Visa 3% rate surcharge,
- being able to choose almost any currency,
- paying very small charges.
There is a $10 fee for your physical Wise card, but if you use the affiliate link I have for you below, you will be offered the physical card free.
Here is the link to sign-up and get a free Wise card:- Sign Up To Wise
Convert Currency
Got Home with Money Left Over
So after your travels, you have some Euros, GB Pounds, Vietnam Dong, Indonesian Rupees, and whatever left on your Wise card.
Easy, using the App just convert the foreign balances back to Aussie dollars and spend the money at Woolworths. Coles, Aldi etc.