You can use your TransferWise card like any other bank card to withdraw money at ATMs around the world. Dependent on where your card was issued, the first 200 GBP, 250 USD, 350 AUD, 350 NZD, or 350 SGD that you withdraw every month is free. If you withdraw a different currency, it will be equivalent to the currency your card was issued in.
After that, there's a 2% charge on withdrawals.
To check how much you can still withdraw for free, and when you can withdraw for free again:
Keep in mind that you can't check your balance at ATMs yet — but the TransferWise app will always show it.
Some ATMs charge their own fees, and they’ll usually say so before you get started. If you see any extra fees, you’ll have the option to cancel and use a different ATM.
They may also ask to convert your money for you. If you say yes to this option, they'll often charge an unfair exchange rate.
To avoid extra fees from the ATM, be sure to choose the local currency where the ATM is. For example, if you're in Italy, choose EUR as the currency to be charged in. If you're in the US, choose USD. This will stop the ATM from marking up the currency exchange rate.
Here are some examples of what you might see when using an ATM, and what you should choose.
“Continue with conversion” or “Continue without conversion”
Choose: “Continue without conversion”
Debit in your home currency, or debit in the local currency
Choose: Debit in the local currency (eg EUR in Italy, or USD in the US)
“Let us convert the money for you — yes or no”
“Confirm an exchange rate — yes or no”
If you got your debit card in Singapore, you won’t be able to use it to make ATM withdrawals in Singapore. But you’ll still be able to use your card to make payments in Singapore and around the world, and withdraw from ATMs overseas.