Personal Finance

What is the best way to go from Wise to cash?

Gabriela Peratello

28.03.24 (updated more than 1 year ago)

Read time 3 minutes

Wise offers low cost multi-currency accounts you can use to hold, send, spend and exchange 40+ currencies with just your phone1. But what if you want to get your Wise Account balance as cash instead of using it for digital payments or purchases?

You can go from Wise to cash in several different ways depending on your needs and preferences. You could order a Wise Multi-Currency Card and use it to make a cash withdrawal in the US or abroad, or you could send your money to a bank account in the US or overseas to withdraw from there instead. This guide tells you how.

1. Withdraw cash with your Wise Multi-Currency Card

Order a Wise Multi-Currency Card which is linked to your active Wise account and you can go from Wise to cash by making an ATM withdrawal in the US to get USD, or if you’re overseas you can get the local currency. You can use your card in an ATM wherever the card’s network is supported - look out for the Visa® and Mastercard® symbols displayed on the ATM terminals wherever you are.

There’s a one-time cost of 9 USD to order your Wise Multi-Currency Card, but there’s no ongoing fee to keep and use the card - and it’s free to replace once it expires. You can withdraw any currency you hold in your account with no foreign transaction fees.

If you need to convert between currencies - for example, because you’ve got a USD balance but you want to withdraw money in MXN during a trip to Mexico - your balance is converted to the required currency with the mid-market exchange rate and a low fee which varies by currency, from 0.42%.

Here’s an overview of the fees involved in getting and using a Wise Multi-Currency Card:

Service	Wise Multi-Currency Card cost*
Order a Wise Multi-Currency Card	9 USD
Make ATM withdrawals in the US and abroad	First 2 withdrawals up to a combined total of $100/month for no fee. After that $1.50 + 2% (once you've withdrawn $100 in a given month, any amount in excess will be charged a 2% fee) ATM operators may charge their own fees. Fee amount varies by ATM operator.
Withdraw overseas, or withdraw in the US from a Wise foreign currency balance	Your balance is converted to the currency you need to withdraw with the mid-market rate and low fees from 0.42%
Replace a lost card	5 USD
Replace an expiring card	No fee

Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information

2. Send money to your bank account outside Wise

You can also send your Wise balance to another account held at a local US or international bank if you’d like. To do this:

Step 1. Log into Wise on your phone or laptop

Step 2. Select Send money

Step 3. Enter the currency and amount you want to send or receive

Step 4. Choose the transfer method Send from Wise balance from the dropdown box

Step 5. Follow the prompts to enter the account details where the money should be deposited

You’ll see an estimate of the delivery time when you enter your payment details, as well as the fee. If you’re sending money with no currency conversion - USD to USD for example - there’s a low fixed fee* to cover the payment.

For USD this is around 0.39 USD per transfer. If you need to convert currencies for the transfer there will be a low conversion charge, from 0.42%, plus any applicable fixed fee for the payment*.

Once you have the money from your Wise balance in your preferred bank account you can withdraw it as cash in person at your bank, or using your bank debit card - bear in mind ATM fees may apply here depending on your bank.

3. Add money to Wise: can you pay by cash?

No. You can’t add money to Wise directly in cash. In the US you can add a balance to Wise by ACH or wire, or by using your debit or credit card.

If you need to add cash to Wise and you have a local US bank account you could consider depositing your cash into your bank account and then making a transfer from there to Wise, using ACH, wire or your card.

If you have a balance in Wise, in USD or another currency, and you need to get your money as cash, you can do so in a few different ways. Use this guide to review your options and pick the one that suits you best.

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.