In a significant update for international travelers, Wise has announced major changes to its Travel Card ATM withdrawal policies, set to take effect from May 1, 2026. These adjustments are designed to enhance user convenience while modifying fee structures to better align with market conditions.
Enhanced Free Withdrawal Limits
Starting in May 2026, Wise Travel Card holders will benefit from a substantial increase in free ATM withdrawals. Users will now be able to withdraw up to $400 per month without incurring any fees, a move that provides greater flexibility for cash access during travels. Importantly, there is no limit on the number of withdrawals within this monthly allowance, allowing for multiple transactions as needed without penalty.
Elimination of Fixed Fees
In addition to the higher free withdrawal cap, Wise is removing the fixed fee of $1.50 per ATM withdrawal. This change means that travelers will no longer face a flat charge for each cash transaction, potentially leading to significant savings, especially for those who make frequent withdrawals abroad.
Adjustments to Variable Fees
However, alongside these benefits, Wise is implementing an increase in the variable fee associated with the card. The fee will rise from 1.75 percent to 2.69 percent of the amount withdrawn over the free monthly limit. This adjustment applies to any withdrawals exceeding the $400 monthly threshold, meaning users will pay a higher percentage on additional cash accessed through ATMs.
Competitive Exchange Rates
A Wise spokesperson highlighted the card's ongoing advantages, stating, "Whenever you make a withdrawal overseas, you'll always get the best exchange rate we can offer and on average save 35 percent with Wise instead of other providers." This commitment to favorable exchange rates remains a key selling point, as it helps travelers maximize their spending power in foreign currencies.
Expert Travel Tips
For optimal use, it is recommended to withdraw cash in the local currency when using a Wise card abroad. By selecting the currency of the country you are in at the ATM, Wise automatically converts the amount in your account at the best available exchange rate, ensuring you get the most value from your transactions. This tip can further enhance savings and streamline the travel experience.
These updates reflect Wise's ongoing efforts to adapt its services to meet traveler needs while maintaining competitive pricing in the financial services sector. For more details, users can visit wise.com/au/card.
