Warren Buffett

Linked cards are strictly for funding your account, not for withdrawals. You can't pull money back onto them. Withdrawals have to go straight to a bank account. Generally, you're limited to withdrawing within the same country where the currency is based—like, if you're dealing in US Dollars, you're looking at US bank accounts, you can't just send them overseas. However, since the Euro zone acts as one big local block, that's a bit different.
The real exceptions are EUR, USD, and GBP; those can be sent via SWIFT to accounts outside your local area.
As for getting notified when money hits your account, you should definitely get a push notification through the Wise App. I'm not totally sure about email alerts, though... maybe there's a setting for that somewhere in the app...

You can link both Mastercard and Visa cards to top up your Wise account.
Just so you know, if someone sends you money on Wise, it doesn't just automatically jump over to your linked cards. It sits in your Wise account ready to be spent or sent elsewhere—like transferring it straight to one of your accounts at Chase or Bank of America.
You can grab a Wise green debit card too, so once that money hits your account, you can just hit up an ATM or tap away at the grocery store like any other card.

Edit:

ironcyclist58 said:Linked cards are strictly for funding your account, not for withdrawals. You can't pull money back onto them. Withdrawals have to go straight to a bank account. Generally, you're limited to withdrawing within the same country where the currency is based—like, if you're dealing in US Dollars, you're looking at US bank accounts, you can't just send them overseas. However, since the Euro zone acts as one big local block, that's a bit different.
The real exceptions are EUR, USD, and GBP; those can be sent via SWIFT to accounts outside your local area.
As for getting notified when money hits your account, you should definitely get a push notification through the Wise App. I'm not totally sure about email alerts, though... maybe there's a setting for that somewhere in the app...

Actually, you get an automatic pop-up in the Wise App and an email the second the money lands. You don't even have to mess with the settings.

I'm not quite sure what happens once my money actually hits my Wise account. How do I get it out? What's the process for transferring it over to my local bank account? If I could just grab it immediately, that would be ideal... it’s basically my paycheck.

You can either wire the funds straight to your bank account or just spend them directly using your Wise debit card—whether you're hitting up an ATM or paying at the register. Just a heads-up, though, since you didn't mention where you're located, keep in mind those cards aren't available everywhere...

I'm from Mexico and nobody here seems to have ever heard of Wis. It might be a stupid question, but how do I actually transfer money from Wis to my bank account?

You’re gonna need an IBAN, the bank's SWIFT code—if you're clueless on that, just drop the bank's name here and I'll dig it up for you—plus the recipient's name and their address.
Once you're in the app or on the website, just hit "SEND" and you're basically golden. Honestly, it's pretty straightforward, as long as you can handle some basic English.

I have an account over at JPMorgan Chase, and I’m waiting on some funds to arrive from Italy. To be honest, I’m not really sure what an IBAN or a SWIFT code actually is... any help would be appreciated.

Once you wrap up your verification, Bill Gates will hand over an IBAN you can give to the sender. After the funds actually land, you just set up a transfer using the details from when you open your account at JPMorgan Chase to handle international wires.
https://www.chase.com/personal/checking/international-wire-transfers

Thanks a lot. The folks at the firm didn't really give me any specifics; they just brushed it off, saying it was simple and the money would arrive without a hitch. They definitely dodged the question about what kind of headaches might pop up later... Thanks again.

So, you just give your employer the payment info you grab from the Wise App—you know, open the app, tap on USD, hit Account details, and grab your routing number, account number, address, and name.
Once your paycheck actually hits, you’ll get a ping from Wise in the app and via email. Then you just hit Send and pick "an account outside Wise," then select "same currency - USD." You type in the amount of USD you want to move over to Chase, hit "Continue," then "Add a New recipient," choose "Myself," and pick whatever option. You can go with "Inside Europe" and just plug in your Chase account number, or if you go "Outside Europe," you'll need your account number and you'll put Chase's SWIFT code under the "SWIFT" field.
Hit "Continue" and there's a spot at the bottom for a reference—just write "salary" or "paycheck" or whatever, doesn't really matter. Hit "Continue" again, and if the money doesn't fly over instantly, just scroll down and check your "Balance."

Here's what Chase charges for receiving international transfers:

Just a heads up, the account number is your ID, and the BIC/SWIFT is basically just the bank's digital "address."

Also, if you're totally new to this whole setup, honestly, just shoot an email to Chase. Ask them for your specific routing and account numbers, plus the SWIFT/BIC, and double-check if they'll let you receive USD transfers from overseas without making things weird.

Thanks a lot for the detailed breakdown, it really helps. I haven't verified my account yet, so I'm planning to open a new card. Is the verification process a headache? I read on their site that they require a selfie holding a photo ID—do they still ask for that? Also, regarding that $20 deposit, am I correct in thinking I'll get that back once everything is set...

It’s basically a $20 fee just to get your IBAN set up and pass the verification process.
Of course you get to keep the money, obviously—you can even test the waters by sending a bit over to your own bank account first.
They’re gonna need a selfie and a shot of your driver's license (front and back).
Just grab the Wise App on your phone; getting registered is pretty painless.
It isn't rocket science.

I'm waiting to open another account at Chase so I can use that one for verification. Thanks for all the explanations, learned quite a bit today 🙂

You can just sign up and knock out the ID verification right now, then you can always just link a card later on

I tried setting it up, but they’re asking me to deposit $25 first. Is that part of the initial verification process? And will I need to ask my bank for the IBAN and SWIFT code to get this moving?

Yeah, just grab the IBAN and SWIFT/BIC from Chase if you want to pull money from Wise over to your Chase account.
As for your boss, you can just shoot them a screenshot of your Account details right from the Wise App.

Linda Morgan said:I tried setting it up, but they’re asking me to deposit $25 first. Is that part of the initial verification process? And will I need to ask my bank for the IBAN and SWIFT code to get this moving?

Doesn't it give you the option to just pay that $25 with a card? That’d be way faster and probably cheaper too...

Daniel Torres said:Yeah, just grab the IBAN and SWIFT/BIC from Chase if you want to pull money from Wise over to your Chase account.
As for your boss, you can just shoot them a screenshot of your Account details right from the Wise App.

Thanks, I'll do that. Just need to get this account open as soon as possible.

ironcyclist58 said:Doesn't it give you the option to just pay that $25 with a card? That’d be way faster and probably cheaper too...

Maybe, but I don't have anything on my card right now. I've always just withdrawn my entire paycheck in cash, so I'm in the middle of opening a new account just so I can move some money over to Wise...

Back again with more questions. While digging through this thread, I came across a comment about a guy having a hard time moving money into his own account. Apparently, the bank was demanding copies of his visa and all sorts of other paperwork just to let him access his funds. Did I misinterpret things, or is it actually common for banks to pull this kind of stunt? Also, in your experience, which is better: Chase or JPMorgan Chase?