Wise review
Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Wise suits people who spend in several currencies: a monthly fee of £0 and a conversion fee of 0.1% on a card listed for business and kids. The trade-off is cash, with free withdrawals capped at £250, while the account is run from Belgium under a National Bank of Belgium licence.
Key facts
- Best for
- Multi-currency spending with a low conversion fee and no monthly charge.
- Monthly fee
- £0 (Source, checked September 26, 2026)
- Currency conversion fee
- 0.1% (Source, checked September 26, 2026)
- Free ATM withdrawals
- £250 (Source, checked September 26, 2026)
- Card type
- Debit (Source, checked September 26, 2026)
- Currencies
- 40 (Source, checked September 26, 2026)
- Legal entity
- Wise Europe SA (Source, checked September 26, 2026)
- Headquarters
- Belgium (Source, checked September 26, 2026)
- Founded
- 2011 (Source, checked September 26, 2026)
- Support channels
- Email, Chat, Phone, Help-centre (Source, checked September 26, 2026)
- Features
- Multi-currency, Travel
- Audience
- Business, Kids
- Official website
- wise.com
Credit cards
- Annual fee
- £0 (Source, checked September 26, 2026)
- Currency conversion fee
- 0.1% (Source, checked September 26, 2026)
- Legal entity
- Wise Europe SA (Source, checked September 26, 2026)
- Headquarters
- Belgium (Source, checked September 26, 2026)
- Founded
- 2011 (Source, checked September 26, 2026)
- Support channels
- Email, Chat, Phone, Help-centre (Source, checked September 26, 2026)
- Pricing model
- No annual fee
- Features
- Multi-currency, Travel
- Audience
- Business, Kids
Pros and cons
Pros
- Monthly fee of £0, the same level as Varo Believe Secured Credit Card at $0 and Chime Card (Secured Visa Credit Card) at $0.
- Conversion fee of 0.1%, under the site median of 1% and far below the 10.5% top of the range.
- Free ATM withdrawals of £250, above the median of €0.
- Multi-currency and travel features, with 40 currencies available on the account.
- Support runs on email, chat and phone, so email, chat, phone and a help centre are all listed.
Cons
- Currency conversion is the weak spot on the data: 0.1% still places the card at 108 of 259 on the measure readers weigh most.
- As a debit card it carries no borrowing, so anyone hoping to spread a cost or build a credit history gets nothing from this account.
- The card is aimed at business and kids per business and kids, which narrows the appeal for a reader with a plain personal current account.
Who it suits
- People who hold or spend in several of the 40 currencies on the platform and want conversion held at 0.1%.
- Business and kids account holders: business and kids lists both as the target audiences.
- Travellers who want the travel feature set and can live within £250 of free cash withdrawals.
Who should look elsewhere
- Varo Believe Secured Credit Card, whose monthly fee is $0, suits readers who want a secured credit card rather than a debit account.
- Chime Card (Secured Visa Credit Card) at $0 a month is the pick for anyone after secured credit on a Visa.
- Bitpanda, at €0 a month, is the alternative to weigh if you want a different provider for spending across currencies.
How it compares on our data
Against the brands on this site, Wise sits at 1 on monthly fee out of 419, which puts it at the sharp end of the field on the recurring charge. Currency conversion tells a different story: 108 of 259 is a long way down the list, even though the charge itself is small in absolute terms. Free ATM withdrawals land in the middle, at 10 of 115. Readers ranking cards by the monthly line have little to separate here, since that charge is common across the market. The separation comes from the conversion rate and the withdrawal allowance.
Deposit protection
The card is issued from a Belgian-regulated firm. In Belgium it is supervised by the National Bank of Belgium, licence 0713629988, and is also registered as a payment institution with BE_NBB under PSD_PI BE_NBB!0713629988. The record extends beyond Belgium: the Cyprus Securities and Exchange Commission appears with MiCA CASP 549300ET4IUR6RCZOL84, and a Lithuania entry sits under PSD_EMI LT_LT_BL_304940980. Four registrations on the file put the account inside a supervised structure, which is the part a cautious reader weighs first.
Fees and FX
For the debit card, the monthly fee is £0 and the currency conversion fee is 0.1%. Those two lines carry the whole running cost. On a card built for multi-currency use, the conversion rate is the number that decides whether an account is cheap in practice, and here it is small enough that everyday spending in a second currency barely dents the budget. The monthly line keeps the account open at no cost, so a holder who rarely converts is not charged for holding it.
How Wise compares
9.2 vs 9.4
9.2 vs 9.0
9.2 vs 8.9
9.2 vs 9.2
9.2 vs 8.8
9.2 vs 8.5
9.2 vs 8.5
9.2 vs 9.0
9.2 vs 8.8
9.2 vs 8.8
9.2 vs 8.7
9.2 vs 9.2A rival debit card priced at €0 a month, worth weighing against a conversion fee of 0.1%.
9.2 vs 9.0
9.2 vs 8.9
9.2 vs 8.8
9.2 vs 9.6
9.2 vs 9.4
9.2 vs 9.4
9.2 vs 9.2
9.2 vs 9.1
9.2 vs 9.1
9.2 vs 9.1
9.2 vs 9.1
9.2 vs 8.8
9.2 vs 8.8- 9.2 vs 8.8
- 9.2 vs 8.8
9.2 vs 8.8- 9.2 vs 8.8
9.2 vs 8.5
9.2 vs 8.5
9.2 vs 8.5
9.2 vs 8.3
9.2 vs 8.2
9.2 vs 8.0
9.2 vs 8.0
Where Wise is available
- Available
- Belgium, Cyprus, Lithuania, United Kingdom
- Licence in Belgium
- National Bank of Belgium (0713629988), checked September 26, 2026
- Licence in Cyprus
- Cyprus Securities and Exchange Commission (CySEC) (MiCA CASP 549300ET4IUR6RCZOL84), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Greece, Spain, Finland, France, Croatia, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia
- Licence in Lithuania
- LT_BL (PSD_EMI LT_LT_BL_304940980), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia
- Licence in Belgium
- BE_NBB (PSD_PI BE_NBB!0713629988), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
How much is the Wise card each month?+
The debit card carries a monthly fee of £0, and the account is listed under a no annual fee model. The card is free to hold, so the running cost sits with currency conversion instead of with keeping the account open. It ranks at 1 on monthly fee among the 419 brands compared here.
What does it cost to convert currency on the card?+
Conversion runs at 0.1%, which is under the site median of 1% and far below the 10.5% top of the range. The platform holds 40 currencies, so the card is built for keeping balances in more than one rather than for a single home currency.
Is the Wise card a debit card?+
It is a debit card, so spending draws on the balance in the account rather than on credit. The feature list covers multi-currency and travel, which is why it shows up in travel comparisons. Debit cards also make up 74.3% of the listings here, the most common card type by a wide margin.
How many free ATM withdrawals are included?+
Free ATM withdrawals total £250, which is above the site median of €0. The card places at 10 among 115 brands on this measure, a workable allowance for most months without being the largest on the market.
Who regulates Wise, and what protection is there?+
In Belgium the firm is supervised by the National Bank of Belgium, licence 0713629988, and is also registered as a payment institution with BE_NBB under PSD_PI BE_NBB!0713629988. The record runs beyond Belgium: the Cyprus Securities and Exchange Commission appears with MiCA CASP 549300ET4IUR6RCZOL84, and a Lithuania entry sits under PSD_EMI LT_LT_BL_304940980.
Who is the card built for?+
The listed audiences are business and kids, so the card is pitched at company spending and at parents managing a child's account rather than at a general personal account. Wise was founded in 2011, and the multi-currency and travel features sit alongside those two audiences.
How do I get help if something goes wrong?+
Support covers email, chat and phone, which includes email, chat, phone and a help centre. A routine question about a payment can go through chat, while a blocked transfer or a currency query is better raised by phone or email. A written help centre sits behind both for the detail.
How does the monthly fee compare with other cards?+
Wise charges £0 a month, the same level as Varo Believe Secured Credit Card at $0, Chime Card (Secured Visa Credit Card) at $0 and Bitpanda at €0. On this line the choice comes down to card type and currency costs, not the monthly charge.
Sources
- euclid.eba.europa.eu/register/downloads/PSDMD/20260926/do... checked September 26, 2026
Backs: Headquarters, Legal entity, Licences
“EntityCode=BE_NBB!0713629988; EntityType=PSD_PI; ENT_NAM=Wise Europe SA”
- en.wikipedia.org/wiki/TransferWise checked September 26, 2026
Backs: Founded
“it was founded by Kristo Kaarmann and Taavet Hinrikus in January 2011”
- wise.com checked September 26, 2026
Backs: Currencies, Currency conversion fee, Support channels
“150 countries and territories. 40 currencies - Wise Account”
- wise.com/gb/card checked September 26, 2026
Backs: Free ATM withdrawals, Audience, Card type
“You pay only a super-low fee on withdrawals after the first 250 GBP - Wise Current Account debit card”
- wise.com/gb/pricing checked September 26, 2026
Backs: Pricing model, Monthly fee
“You only pay for what you use - no subscriptions or plans”
- wise.com/gb/pricing/card-fees checked September 26, 2026
Backs: Annual fee, Features
“Wise debit card: No subscription fees - Ordering your card 7 GBP”
Compiled from 8 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Protection.