dollars) at one time or several times a month. Wise charges lower fees if you send large sums of money (over the equivalent of £100,000 per transaction in U.S. This free account lets you send, hold and receive money in a number of currencies.

The card also can be used to make online payments, and for Apple Pay and Google Pay transactions. A 2% fee is charged on any withdrawal above $100. After that, the fee is $1.50 USD per withdrawal. Each month, you can make two ATM withdrawals of up to $100 each month at no charge. If you have a Wise account, you can sign up for a Wise debit card, which can be used in many, but not all countries. The need to verify your identity depends on where you’re sending money from and how much money you’re sending Wise doesn’t verify your identity documents until you initiate your first transfer. This step usually takes two business days to complete.

Once you’ve registered for an account, Wise might need to verify your identity, typically by uploading a picture of your photo ID and proof of your address.

This login alternative isn’t available with most money transfer services. In addition to entering personal information-your name, date of birth, address and phone number-you can register for an account using your Apple, Facebook or Google account. Signing up for a free account takes just a few minutes, and Wise walks you through each step.

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