Quote:
Originally Posted by Tim Cullis
With Wise you can hold funds in more than 40 currencies... So the conversion rate is far better than a normal rate.
And once the funds are in a different currency you spend from that 'jar' without conversion costs at all.
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Is it the conversion rate savings that makes Wise so popular? I've had a few people try to convince me of how useful Wise is. "You can put your money into a bunch of different currencies!" Well.. I can use my credit cards in just about any country regardless of currency.
That is to say... I haven't seen the advantage of keeping your money in multiple currencies. I take my bank card to the ATM and withdraw local cash. I pay for things with a credit card when possible.
I've periodically checked the exchange rate I'm getting with my credit cards, and it's close enough to the official rate that I'm not worried about percentage or two. Is the exchange rate with Wise enough to make the switch?
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