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Wise Multicurrency Account and card is here to stop unnecessary loss to fees and markups on the exchange rate! Have you made an online purchase with an international vendor? Or perhaps are you an international student needing to use a single bank card for transactions abroad?
Wise has just released its multicurrency account and card in Malaysia, which can help you save A LOT of money. Remember that Malaysians have an average of about RM1.75 billion annually on hidden transaction fees and exchange rate markups.
The Wise account and card extend its money transfer service in Malaysia. They give Malaysians a genuinely cost-effective, international account where they can keep and spend money in more than 50 different currencies at a meagre rate. This is the first account to do so at the real exchange rate with no markups and no fees.
Let’s break down some features of the Wise multicurrency account and card.
What is Wise Multicurrency Account & Card?
With the Wise card and account, you get additional benefits that aren’t generally seen in a standard Malaysian multicurrency account:
- Instantly exchange 50+ currencies and spend in over 200 countries and territories. Online and in-store transactions using Visa are both possible.
- Converting money from one currency to another utilising the card’s built-in auto-conversion technology.
- Send and receive money like a local using a simple programme that allows you to convert and transfer money in MYR and nine other currencies (GBP, EUR, USD, AUD, NZD, CAD, HUF, SGD, and TRY) in only a few minutes. Online purchases can be made immediately after a successful credit card order.
People of all ages and backgrounds can use it to:
- Online shoppers from across the world can use the card without incurring any foreign transaction fees and transfer, receive, convert, and keep foreign money with the account, all at the mid-exchange rate with zero markups.
- Malaysian expats can open a local bank account in minutes, allowing them to spend, receive, and send money to a new location.
- If you’re going to be away from home for an extended period, it’s best to avoid carrying a lot of cash.
The Perks of Having a Wise Account!
Malaysian business owners don’t have to go to physical branches anymore. Which can be difficult and time-consuming for Malaysians to do business at. You can make all of your money transactions from your mobile devices in the app or on a web browser. This gives you unmatched mobility when managing money across borders, whether at home or moving across international borders.
Malaysia Country Manager and APAC Expansion Lead at Wise Lim Paik Wan said: “We are very excited to bring our multicurrency account and card solution to Malaysians. We believe the Wise card is the best way to spend internationally because, as the research shows, Malaysians are losing billions to hidden fees and exchange rate markups. This will now be a thing of the past. With more travel lanes gradually opening, it will provide even more value to Malaysians as they look to spend money across borders, when traveling or online.”
Save Your Money From Hidden Charges!
Wise currently has more than 2 million cards in circulation, with deposits totalling $3.7 billion.
Wise has also developed a How Wise Are You About Money? Quiz. As part of its ongoing efforts to raise awareness of the issue of Malaysians inadvertently wasting more than a billion ringgit to unnecessary card fees and marked up currency rates every year. Fun “money personality” quiz shows potential hazards leading to unintentionally choose an expensive payment option. Particularly while spending or sending cash. Finally, players can discover their “money personality” and share it with their pals.
Customers in Malaysia can now utilise the Wise multicurrency account and card. The card’s enrollment cost will be waived until January 1, 2022, to commemorate the launch of this new option.
Visit this page for more information about signing up for a multicurrency account and card.
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