Wise Debit Card Review - 2023
Wise launched in 2011 with a mission to challenge the banks and make transacting internationally cheaper, faster, and easier - with no hidden charges or sneaky exchange rate hikes.
Wise offers a range of products including instant low fee international payments, multi-currency accounts, and Wise international debit cards for personal and business customers.
This Wise debit card review covers all you need to know about the Wise card features, fees, availability and more.

Quick summary
There’s an in-depth Wise debit card review coming up - first let's look at the key features, pros and cons of the Wise debit card for personal or business users.
Wise card features
Hold and exchange 50+ currencies in your Wise account
Spend in 200+ countries, withdraw at 2.3 million ATMs
Convert currencies in your account with the mid-market exchange rate and low fees
Virtual cards available instantly
View and manage your account in the Wise app
Freeze and unfreeze your physical card and virtual cards instantly
Wise is MAS regulated and overseen by authorities all over the world
Pros of the Wise debit card
No ongoing card charges to pay
Free to spend any currency you hold in your account
Auto convert function to cut costs even if you don’t have the currency you need
2 free ATM withdrawals, to the value of 350 SGD per month, with low fees after that
Get free virtual cards for easy spending and budget management
Not a credit card - no risk of interest charges creeping in
Personal and business cards available
Cons of the Wise debit card
One time 10 SGD fee to get your card in the first place
Some ATM fees apply when you make 3 or more withdrawals, worth more than 350 SGD/month
Daily and monthly limits based on spend category
Top up account online or in app only - no cash or cheque options
No credit facilities
Who is the Wise debit card for?
The Wise debit card is available in Singapore for both personal and business customers, which means it can be a great way for lots of people to manage their money conveniently - and cut transaction costs at the same time. The Wise debit card is great for:
Travellers looking to make contactless or mobile payments
Anyone on holiday who wants to withdraw cash cheaply from local ATMs
People who love to shop online with international retailers
Anyone who wants a low cost, secure account with both virtual and physical cards
Entrepreneurs who need to spend in foreign currencies
Business owners who want to offer international debit cards to team members to manage spending and expenses
Is the Wise card a good option?
Wise is intent on revolutionising the way people and businesses transact internationally, to make it cheaper, faster and more convenient compared to traditional banks. The Wise card is a great addition to Wise’s suite of products, offering easy ways to spend in person, on the move, and online, and make ATM withdrawals, with the real exchange rate and low, transparent fees.
How do Wise card fees compare for spending abroad?
Spending in foreign currencies with a Wise card could be significantly cheaper compared to using your regular bank’s debit card.
Your regular bank is likely to add a foreign transaction fee to every purchase or withdrawal you make in a different currency - this is often in the region of 3% of the cost of the transaction. Wise on the other hand uses the real exchange rate with low fees which average out at about 0.6% for most transactions. That means that you can cut your costs whenever you use a Wise debit card to shop when you travel, spend with international ecommerce stores, or make a cash withdrawal overseas.
What is a Wise card?
The Wise card is a debit card - not a credit card - that’s linked to a Wise multi-currency account. It’s great for spending and making cash withdrawals, online, at home and abroad - and best of all, you’ll get currency conversion using the real mid-market exchange rate whenever you choose to spend in a foreign currency.
Make payments and withdrawals in 200+ countries
Use 2.3 million ATMs for withdrawals, all around the world
Top up in the currency you prefer and check your account balances at a glance in the app
Switch currencies with the real exchange rate and low, transparent fees
Spend any currency you hold in the account for free
Auto convert feature makes sure you always pay the lowest possible fee when spending currencies you don’t hold in your account
Instant transaction notifications for security
Get instant access to virtual cards
Freeze and unfreeze your card whenever you need to
Debit card - making it easier to manage your budget without running up debts or incurring credit charges
Wise virtual card
The Wise virtual card - also known as the Wise digital card - allows you to make payments online and in stores with your phone. Simply add your virtual card to a mobile wallet like Apple Pay or Google Pay, to make contactless payments in stores and buy things online. You can have up to 3 virtual cards at any one time which can make it easier to manage your budget by assigning different spending types to different cards.
Wise virtual cards have different card details to your physical card, and can be frozen instantly whenever you’re not using them - offering a handy added layer of security. You’ll be able to start using your Wise digital card as soon as you order your physical card, with no need to wait for the physical card to be delivered.
How does the Wise debit card work?
The Wise international debit card is linked to a Wise multi-currency account, which lets you hold, exchange, receive and send payments in 50+ currencies. Order a linked Wise debit card to make it easier to spend and make cash withdrawals from your Wise account balance, all over the world.
It’s always free to spend currencies you hold in your account. And if you don’t have the currency you need in your account, the Wise debit card can automatically convert the amount for you from whichever available currency account has the cheapest conversion fee. That means that there’s no need to worry about converting money before travelling, because you’ll always know you’re getting the best available deal every time.
Wise card limits
Your Wise card comes with default set limits which you can change if you would like to. Daily and monthly limits apply - daily limits refresh each day at midnight, while monthly limits restart on the first day of each calendar month. If you’re not happy with the default limits it’s easy to change them to suit you - just log into your account on the Wise app or desktop site.
First, here’s a rundown of the standard Wise personal debit card limits by transaction type:
Transaction type | Single transaction limit | Daily limit | Monthly limit |
Chip and PIN or mobile wallet like Apple Pay or Google Pay | Default: 4,300 SGD Maximum: 17,500 SGD | Default: 5,300 SGD Maximum: 17,500 SGD | Default: 17,500 SGD Maximum: 52,500 SGD |
ATM withdrawal | Default: 1,750 SGD Maximum: 1,750 SGD | Default: 2,700 SGD Maximum: 2,700 SGD | Default: 5,250 SGD Maximum: 7,000 SGD |
Contactless | Default: 900 SGD Maximum: 900 SGD | Default: 900 SGD Maximum: 1,750 SGD | Default: 7,000 SGD Maximum: 7,000 SGD |
Magnetic stripe | Default: 550 SGD Maximum: 2,100 SGD | Default: 700 SGD Maximum: 2,100 SGD | Default: 2,100 SGD Maximum: 10,500 SGD |
Online purchase | Default: 1,750 SGD Maximum: 17,500 SGD | Default: 1,750 SGD Maximum: 17,500 SGD | Default: 3,500 SGD Maximum: 52,500 SGD |
It’s good to know that Wise personal debit cards work a little differently to Wise business debit cards in terms of the way the limits are applied. We’ll cover the Wise business debit card in more detail a little later.
Wise card fees
Here’s a rundown of all the fees you can expect to meet when ordering and using your Wise multi-currency debit card:
Service | Wise debit card fee |
One time card order fee | 10 SGD |
Optional express delivery - get your physical card in 1 - 2 days | From 26 SGD |
Digital card | Free |
Order a new card | 4 SGD |
Replace an expiring card | Free - Wise will remind you when you need a new card for convenience |
Spend currencies you hold in your account | Free |
Spend in currencies you don’t have in your account | Wise will auto convert the balance you have to the currency you need, using the mid-market exchange rate and the lowest available fees |
First 2 ATM withdrawals a month, up to the value of 350 SGD | Free |
Additional withdrawals, over the value of 350 SGD/month | 1.5 SGD per withdrawal + 1.75% of the withdrawal value |
Wise exchange rate
Wise was created with a mission to make currency conversion cheaper and more transparent. Every time you switch currencies with Wise you’ll get the mid-market rate with no hidden markup - when you spend with your Wise debit card, convert currencies within your Wise account, or send an international payment.
This is different to banks and most other international card providers. Typically, the exchange rates you get from other providers will include a markup which is added onto the exchange rate used. That’s an extra fee, but it’s hard to spot and pushes up the prices you pay without you necessarily knowing it. To avoid this tricky fee, Wise uses the mid-market exchange rate and splits out the full costs of currency conversion for transparency. You’ll be able to see the full fees you pay when you switch currencies within your account - and if you use the card’s auto convert feature, you can be sure the transaction will be processed with the lowest fee possible.
How to get your debit card
Here’s how to get your Wise international debit card in just a few simple steps:
Open a Wise account online in just a few minutes
Top up your Wise account in the currency of your choice
Order your Wise card for a one time 10 SGD fee
Start spending with your digital card right away
Your physical card will arrive in the post in a few days - or you can choose express delivery for an extra fee to get your card in the shortest possible time
If you don’t already have a Wise multi-currency account it’s good to know you can register in just a few minutes using your email address, Facebook, Apple or Google ID.
You’ll also need to complete a verification step for security. If you have Singpass you can use Myinfo to pre-fill all your personal data onto the application form when you set up your Wise account. It’ll take just a moment. If you’re an Employment Pass holder with an active Singpass account you can also use it, but you’ll need to additionally add a proof of address document.
If you don’t have Singpass you can upload copies of your documents instead.
Usually for a personal account you’ll need:
A valid ID document like a passport or NRIC - driving licences are not accepted
A proof of address like a utility bill or bank statement in your name
Information about how you’ll use your account
How to activate your Wise card
Once your physical card arrives in the post you’ll need to activate it. This is done simply by making a purchase using your PIN number - or if you’d prefer you can make a cash withdrawal or check your balance in an ATM. You’ll be able to find your PIN, as well as your card number and CVV code, in the Wise app at any time.
How to top up your Wise card
Your Wise debit card is linked to your Wise multi-currency account. To add funds to your Wise account you’ll need to take the following steps:
Log into your Wise account online or in the Wise app
Select the currency balance you want to top up
Tap Add
Confirm the currency you want to pay with
Enter the amount you want to top up and select a payment method
Check everything over, confirm and follow the prompts to complete the payment
You can also add money to your Wise account directly from your online banking service using your local bank details for eligible currencies. In Singapore, that means you can top up fee free in:
British pounds
Euros
US dollars
Australian dollars
New Zealand dollars
Singapore dollars
Canadian dollars
Hungarian forint
Turkish lira
Log into your Wise account to see the local bank details for your preferred currency and use these to transfer money direct from your bank account in that currency.
Wise debit card for business
The Wise business debit card is currently available in the UK, EU and EEA, Canada, Singapore, Japan, Australia and New Zealand. If you’re in Singapore you can expect your physical card to arrive around 3 days after ordering it.
Wise business accounts come with multi-user access (MUA) which means you’ll be able to assign roles to your team members to let them access the tools they need to do their jobs, without needing to share sensitive company information. Anyone in your team assigned an employee or admin role within the Wise account will be eligible for a Wise business debit card, which they can use to spend and make cash withdrawals all around the world.
Like the Wise personal international debit card, the Wise business card offers currency exchange which uses the real mid-market exchange rate, and it’s always free to spend currencies you hold in your account. If you don’t have the currency you need, just allow the card’s auto convert feature to work its magic, and switch currencies from whichever balance incurs the lowest fee.
One important difference between the Wise business debit card and the Wise debit card for personal users, is the way spending limits work. You’ll be able to add multiple team members to your Wise business debit card, and each team member’s spending adds up towards the daily and monthly limits on the card. That means for example that if one team member makes a 2,700 SGD ATM withdrawal, no other withdrawals can be made from the account until the card resets at midnight. Team members will be able to see their own personal spending limits, and card holders with admin rights can see the total spending per transaction type across all issued cards.
Here are the limits you need to know about, for reference:
Transaction type | Single transaction limit | Daily limit | Monthly limit |
Chip and PIN or mobile wallet | 17,500 SGD | 17,500 SGD | 52,000 SGD |
ATM withdrawal | 1,750 SGD | 2,700 SGD | 7,000 SGD |
Contactless | 900 SGD | 1,750 SGD | 7,000 SGD |
Magnetic stripe | 2,100 SGD | 2,100 SGD | 10,500 SGD |
Online purchase | 17,500 SGD | 17,500 SGD | 52,500 SGD |
Where is the Wise card available?
If you have a Wise account and are a resident of any of the following countries and regions, you can apply for a Wise debit card:
The EU and EEA
The UK
British Overseas Territories and UK Crown Dependencies
Singapore
Malaysia
Japan
Australia
New Zealand
Brazil
Is Wise safe to use?
Yes, the Wise card is safe to use. As a company, Wise is MAS regulated, and covered by regulatory bodies all over the world. That means that no matter what currencies you hold on your Wise debit card, you know your money is kept safely and in accordance with global laws and best practices.
Wise accounts have a range of security features including thorough verification processes, 2 factor authentication and a 24/7 fraud prevention protocol. Additionally, Wise debit cards can be frozen instantly in the Wise app if you’re concerned about security, with real time transaction notifications and the option to check your balance and account history in a glance in the app.
Conclusion: is the Wise card worth it?
The Wise debit card can make life easier - and help you save money - if you travel often, shop with international ecommerce stores, or have a business and want to issue your team with international debit cards to manage spending.
Wise currency exchange always uses the real mid-market exchange rate with no markup and no hidden fees - and with the Wise debit card’s smart auto convert feature you don’t even need to switch currencies before you travel. Leave the Wise card to switch to the currencies you need, when you need them, with the lowest possible fee every time.
FAQ
Yes. Infact, the Wise card can help you cut the costs of currency conversion when you spend and make withdrawals in over 200 countries around the world.
Yes. The Wise international debit card is contactless for convenient spending.