Unhindered Global Payments: How to Apply for a Wise Debit and Virtual Card

As international travel, cross-border shopping, and remote work become more prevalent, the demand for global payment solutions continues to rise. Wise, formerly known as TransferWise, is a leading financial technology company that offers users a convenient, transparent, and low-cost international payment solution through its debit card services. This article will detail how to apply for a Wise debit card and explore the many benefits of using this card.

Advantages of the Wise Debit Card

Multicurrency Management One of the primary advantages of the Wise debit card is its support for multicurrency management. Users can hold multiple currencies in their account and switch and spend as needed. This means you can automatically match the local currency when spending in different countries, avoiding the high costs of multiple currency conversions.

Low Fees and Transparency Compared to traditional banks and other payment services, the Wise debit card offers significant advantages in terms of fees. Here are some of the main charges:

• Issuance Fee: 10 SGD
• International ATM Withdrawal Fee: Free for the first two withdrawals each month, thereafter 1.50% (charges apply over 350 SGD at 1.75%)
• Currency Conversion Fee: A small fee is charged based on the real-time exchange rate

All fees and exchange rates are clearly displayed before transactions, ensuring users are aware of the costs of each transaction and avoiding hidden fees.

Global Cash Withdrawals Users with a Wise debit card can withdraw cash from any ATM that supports Visa or MasterCard worldwide. This is particularly convenient for those who travel frequently or live abroad. The first two withdrawals each month are free, and subsequent withdrawals are charged at a reasonable rate, allowing users to access cash at a low cost.

Application Process for the Debit Card

Log in to your account: After verifying your identity, log into your Wise account.

Apply for the card: In the account dashboard, select the “Card” option and click “Apply for Debit Card”.

Confirm your address: Fill in and confirm the delivery address to ensure the card can be delivered to you smoothly.

Pay the issuance fee: Pay the 10 SGD card issuance fee using a bank transfer, credit card, or debit card.

Account Activation: A sum of money from the holder’s other bank account is required to activate

BiyaPay: A More Convenient Global Multi-Asset Trading Wallet

For those looking to invest, travel, or study abroad, and who wish to open overseas accounts for cross-border remittances or investment management, BiyaPay serves as a more convenient tool beyond traditional banks and Wise cards. BiyaPay provides fast, secure, and low-cost international fund transfer services, supporting local transfer remittance services in most regions and countries worldwide. It facilitates same-day transfers, supports large transactions with fees as low as 0.05%, making it an ideal choice for overseas investors. It also supports real-time conversion of digital currencies (such as USDT and BTC) into major fiat currencies like USD and GBP, easing the financial management for cryptocurrency traders.

After registering your Wise account, you can link it with BiyaPay for remittances, for example, by “topping up USDT to exchange for USD”:

1. First, click “Register” and enter your email address to complete the registration, then proceed with identity verification and add your Wise bank account.
2. Click “Transfer In” and choose “On-chain Top-Up” to deposit digital currencies such as USDT.
3. Afterwards, select “Flash Exchange” to enter the exchange interface, where you can convert your digital currency (like USDT) into USD.
4. On the “Remittance” page, when you choose to send out USD, select the recipient’s account, enter an email verification code or a Biya authenticator code, and you will be able to withdraw to the added Wise account.

Wise Virtual Card

The Wise virtual card allows you to make purchases online, in-store, and while traveling using real exchange rates — but it exists only in your Wise account, whether on your phone or laptop. There’s no need to carry a wallet, and there’s no risk of the card being stolen.

The virtual card has different details from the physical card, and you can freeze it after each purchase. This means it’s a secure, smart, and simple way to spend wherever you are. You can hold over 40 different currencies, convert them in real time using the free Wise app, and then use your virtual card to make purchases online, in-store, and abroad.

How to Obtain a Virtual Card

Currently, to get a Wise virtual card, you only need to order a physical card, but you can use the virtual card for transactions even before the physical card arrives. In the Wise app, you’ll find the option for a virtual card under “Digital Card”. Swipe the card to the right until you see the purple card appear.

Click “Get Digital Card”. Alternatively, if you are on the website, visit the card tab and find the same option. You can use your virtual Visa debit card with Apple Pay, Google Pay, Fitbit Pay, and Garmin Pay.

Relationship Between Debit and Virtual Cards

Complementary functions: The debit card is suitable for offline spending and ATM withdrawals, while the virtual card is ideal for online payments and subscription services.

Common features: Both support multicurrency management and real-time exchange rate conversions, helping users save on fees.

Security: The debit card features chip protection and dual authentication, while virtual card details can be changed or deleted at any time, providing high security.

Wise debit and virtual cards, with their multicurrency management, low fees, transparency, and high security, offer users a convenient international payment solution. Whether for everyday spending, international travel, cross-border shopping, or online payments, Wise’s card services meet your needs, providing a convenient and secure payment experience.