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O Wise Bank is goodBut before you open your account with the financial institution, it's important to know its features, how it works and the benefits it offers its customers. Check them out below. 

Wise Bank is good

O Wise Bank is goodespecially if you're looking for a multi-currency digital account. Among the financial institution's features is the availability of an exclusive card. 

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The card is of the international type, meaning it is possible to make purchases in national and international establishments that accept the flag. Customers can add amounts in reais and then convert them into foreign currency. 

In short, this digital account is recommended for different types of customers, especially those who like to travel or will be living abroad. This is the cheapest option for taking money on your travels. 

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Wise fees

One of Wise Bank's features is its international transfer fee, which is cheaper than traditional banks. It's important to note that the fee varies according to a number of factors, such as the origin and destination of the remittances. 

In short, transfer fees are usually cheaper at this financial institution, which is a great advantage for consumers. In Brazil, the fee for sending money to international accounts is around 1.95% to 2.5% of the money sent, including the IOF. 

Another feature of Wise is that the rates are cheaper than traditional banks, such as the exchange rate. After all, this platform uses the commercial exchange rate to convert currencies.

Step by step to open a Wise account

If you're constantly traveling abroad, or are going to live abroad, it's important to find a bank that can accompany you at all times. A great example is Wise, a digital bank with cards and multi-currency. 

Customers don't pay any fees to open a Wise bank account, and the entire opening process is done online. Once the procedure is complete, customers receive an international debit card. 

Do you want to take advantage of all the benefits that Wise bank offers? Like lower transfer fees between foreign accounts, or cheaper currency conversions? Here's how to open your account:

  1. First, go to the official Banco Wise website and click on "open account";
  2. When the next page opens, enter a valid e-mail address and select "next";
  3. The next step is to choose the type of account you want to create, i.e. personal or business. It's important to note that up until now, Brazilians have only been able to open personal accounts;
  4. Choose which country you live in;
  5. Enter your phone number and click on "send verification code":
  6. A verification number will be sent to the cell phone. The next step is to create a password;
  7. Click on "continue" and fill in the details correctly. 

To activate your account, you need to make a minimum deposit of R $25.00. The deposit can be made by TED or Bank Transfer. It is important to note that the amount must come from an account with the same owner. 

Once the amount has been confirmed in their account, customers have access to the virtual card. To use it for your transactions, you can add it to different digital wallets, such as Apple Pay, Samsung Pay and Google Play. The money can be used immediately via one of these methods. 

The physical debit card will arrive at your registered address within 10 working days. Once you have it in your hands, you need to make a purchase or withdrawal at a Banco24Horas. 

It's important to bear the following in mind: not all ATMs accept this debit card. In this sense, make purchases in establishments that accept the flag it was issued with. 

Wise Security

Now that you know how to open your digital account with this bank, you're probably wondering: is Wise really safe? The answer is yes. In fact, this platform is regulated by the Central Bank of Brazil. 

Because it is regulated, customers can make international transfers safely and conveniently. In addition, there are service channels designed exclusively for Brazilians, with ways to contact them by e-mail and telephone. 

If you want to contact Banco Wise by phone, call 0800 878 1204, available 24 hours a day, seven days a week. You can find the platform's support e-mail address in the application itself, in the Help Center area. 

In this case, whenever you want to work with Wise bank, it's important to be logged into your account. In some cases, service can take a while, but problems are solved quickly. 

Just like the digital bank account, the Wise app is totally secure and reliable. Through this system, users can transfer money at will, whether in Brazil or in other countries. 

It's important to note that customers have complete security in keeping their money in the bank's official account. This is because Wise is regulated by the world's leading regulators, such as FinCEN in the United States. 

Receiving money at Wise

There are two ways to receive money on the Wise platform:

  • If the person doesn't have a bank account: Give your bank details to the person sending the money. On the official Wise website or app, access your account and click on the currency, then check the details: click on balance and then on receive;
  • If you have a bank account: In this case, if you have an official Wise account, the procedure is even simpler. All they have to do is enter the e-mail address they registered when they created their account. 

Once the money has been sent to customers, the time it takes for it to reach their account varies from minutes to 8 days. The waiting time depends solely on the day and time the transaction was made. 

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