I Save 3-5% By Using Wise when Spending Abroad

This video gives a quick review about Wise and the main advantages it has over using a bank or a no fee foreign exchange credit card. The main way Wise saves you money is by allowing the user to convert or auto convert currency at the mid market rate. Wise has made spending abroad more affordable and easier to understand for the average person. The fees on Wise are transparent and the app is well built, secure and packed with handy features for businesses.

Save Money with Wise when Spending Abroad: 💸
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📜 Disclosures:

VerrilloTrading may have an affiliate relationship and/or another material connection to any persons or businesses mentioned in or linked to in the content above, and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information published by VerrilloTrading to evaluate the product or service being offered.

The content that this channel provides is intended for educational purposes only. Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. The risk of loss in trading commodity interests can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition.

All content appearing on VerrilloTrading is protected by copyright law. Rebroadcasting or any other commercialized use of our program content is strictly prohibited.

IBKR Disclosure: https://www.verrillotrading.com/ibdisclosure/

00:00 Important Info
1:26 How and Why I Use Wise
2:58 How Wise Saves you Money
4:34 Fees on Wise for Currency Conversion
5:15 How Spending Works on Wise
6:30 Fees are the same if you auto-convert
8:00 How zero fx fee credit cards work
9:59 Teaching my friends about Wise
10:31 Lost the card with no penalty
11:30 Withdrawing the local currency
12:56 Quick recap
13:28 Wise Business Account Features
14:05 Do not use Wise as a bank
14:59 Conclusion