Every month, you can withdraw — for free — up to 200 GBP, 250 USD, 350 AUD, 350 NZD, 350 SGD, or your currency's equivalent.
After that, there's a 2% charge on withdrawals.
You can check how much you can still take out for free in the app:
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 unfortunately we have no control over that. Fortunately, they usually tell you beforehand, and give you the option to cancel.
General rule: If you’re using a card abroad, always choose to be charged in the local currency. That way, your card provider will convert your money, not the ATM.
If you choose to be charged in your home currency, the ATM provider will convert your money, and their rates won’t be friendly. We did some research on this, and found that on average, you’ll be charged 6–13% more than if you choose to be charged in the local currency.
For example, if you're in the Eurozone, choose EUR as the currency to be charged in. If you’re in the US, choose USD, etc.
The bottom line is that you don’t want the ATM converting anything for you. But depending on how the ATM asks the question, this can get a little confusing. Hopefully this will clear it up a bit:
If the ATM asks you to…