Warren Buffett

Jeffrey Moore6 said:Of course they do, 😁 but there are actually several workarounds:
1. You could have someone else who uses Chime send you a transfer. (Works with any currency)
2. Someone else could send you a wire transfer (USD via domestic or international transfer)
3. You could head down to a local bank and request a wire transfer (ACH) or try to deposit cash manually. (I haven't personally tested this one though)

They only insist on the PayPal card being in your name, so once that's settled, you can eventually swap in a TW card for the TopUp process.

I've experimented with all of these myself... and honestly, the only way that consistently worked for me was using Apple Pay for the TopUp, which then lets me use TW and a few other options.

My whole goal is really just to distance myself from all the traditional local banks... 😛 But it certainly isn't easy. 🙄
So, feel free to try and piece together a combination that works for you.

Edit: I just remembered a few more details, so I've added them here.
I couldn't manage to move my USD via standard online banking because their system doesn't recognize the Chime Routing Number for those types of transfers...

I don't actually know anyone using Revolut—so this is really my only lead. Does the option exist where I could walk into a local Chase branch and say, "I need to wire $X via Visa to this account, here is my cash" (essentially having the bank use one of their own accounts for the transfer)? Or am I stuck begging a friend to handle it through their mobile banking app?

I suppose you could always try walking into a local branch with the cash in hand. I haven't personally tested that approach myself...
It might be best to just head down to the bank in person or give them a quick call first; it doesn't cost anything to ask.
They’ll likely charge a fee for the transfer, but honestly, since payments within the EU have become much more affordable lately, it shouldn't be too much of a headache.
Keep us posted on how it goes.

I honestly don't think you can even pull off cash transfers for foreign currency anymore.

Jeffrey Moore6 said:I suppose you could always try walking into a local branch with the cash in hand. I haven't personally tested that approach myself...
It might be best to just head down to the bank in person or give them a quick call first; it doesn't cost anything to ask.
They’ll likely charge a fee for the transfer, but honestly, since payments within the EU have become much more affordable lately, it shouldn't be too much of a headache.
Keep us posted on how it goes.

If that works, it’s definitely the best move for my current situation. Will Smith it, and thanks for the info. 🙂

I don't believe it's even possible to do foreign currency transfers with cash anymore.

But technically, is it still a foreign currency transfer if I'm depositing USD? From what I understand, Chime accepts USD deposits—so, cash in USD -> Chime USD account -> Chime automatically converts it to EUR or USD when I use the linked debit card?

Just a heads up, this fee reduction on international transfers only applies to US dollars. If you're trying to send money in any other currency, expect to get hit with some seriously steep fees.

I need to wire some money to a private account abroad (outside the USA).
What’s the most cost-effective way to do this without getting eaten alive by fees?
I did a quick search and saw Wise, but then I stumbled upon this thread about Revolut.
The catch is, all I have right now is my local checking account in USD. 🙈😂 If anyone has a moment to share some advice or a better way, I would truly appreciate the help. 😶😓

You missed the most important part, though... which country are you actually sending the money to?

ironcyclist58 said:You missed the most important part, though... which country are you actually sending the money to?

Turkey! 😂

Using Revolut is free, but I’ve got no clue what Turkish banks are charging for incoming international SWIFT transfers from the United Kingdom.
Wise handles local payouts in Turkey through one of their partner banks there—so my guess is the receiving bank won't hit you with any incoming transfer fees—but on the Wise side, you're looking at $5.75 a flat fee plus 0.92% of the total if you're paying via bank transfer.

ironcyclist58 said:Using Revolut is free, but I’ve got no clue what Turkish banks are charging for incoming international SWIFT transfers from the United Kingdom.
Wise handles local payouts in Turkey through one of their partner banks there—so my guess is the receiving bank won't hit you with any incoming transfer fees—but on the Wise side, you're looking at $5.75 a flat fee plus 0.92% of the total if you're paying via bank transfer.

Thanks for the info! 😊

Looks like we finally got Apple Pay 🎉

An update on my situation—this might be useful for someone down the road. So, I haven't tried the cash deposit option at a local branch yet, but...

My goal was simple: swap Payoneer for Wise, because Payoneer’s fees are just absurd. I had about $35 sitting in my Payoneer account, which isn't enough to withdraw to my own bank account (in this case, my Wise account), since they require a $50 minimum. Using the "send payment" feature wasn't an option either; when I added my Wise account as a recipient, it initially looked successful, but five days later the transaction was reversed—the dreaded "payment was declined, as there was an issue with the recipient's bank account" message.

Now, Payoneer offers their own debit card, but you need at least $30 in the account to order it (which I have) and they charge a $30 annual fee—though that fee doesn't kick in until a year after activation.

So, here was the workaround: I ordered the Payoneer debit card. Once it arrived and I activated it, I used it to make a deposit into Wise. That went through instantly and unlocked all my USD bank account details.

It took about two weeks waiting for the Payoneer card to show up, and now it’ll probably be another two weeks before the Wise card arrives. But, I can already start routing all my USD payouts to Wise. Honestly, the wait is well worth it if it means getting rid of Payoneer and avoiding my local US bank entirely.

Quick question: how does Wise handle cash withdrawals at ATMs? What kind of limits are we talking about—is it $250 a day or something else?

I’ve got both Euro and USD accounts through Chase, and I pay the annual fee for both. $40 Basically, $1.75 since both my cards are set up in USD and EUR, there's no conversion fee when I pull money from PayPal into the respective account. But they hit me with a $5 fee every single time I withdraw from PayPal. Is Wise actually better if I just want physical cash? I know it wins on spending, but for ATM runs, does it beat Chase?

You get $250 a month fee-free, then it’s a 2% cut after that.

ironcyclist58 said:You get $250 a month fee-free, then it’s a 2% cut after that.

Honestly, her Chase account is actually more profitable if I'm just hitting the ATM. It seems like Wise is only worth it if I'm doing transfers rather than pulling cash—basically just better than the Chase option. Is there any other solid system out there for cash withdrawals that beats this?

Hey team,

I need some quick intel if you guys can help me out. Right now, I’m stuck using Skrill. Basically, I load money from my Amex onto the card and then try to pull cash out of an ATM. The fees are absolutely killing me... first there's the deposit fee, then they hit me with their own conversion rates from dollars to euros, and to top it all off, when I go to the ATM to withdraw from my euro account back into dollars, the exchange rate is a total joke. It’s a mess.

So, I just set up a PayPal account and I'm waiting on the physical card to arrive. From what I gather, if I move about $667 from my Amex over to PayPal, the fee should be roughly $3.25. That means $533 I could theoretically dodge those extra ATM fees entirely—assuming I stay above whatever threshold they set? But if I go over, does it jump to a 2% fee? Just trying to see if my math adds up here. What’s actually the smartest way to move money from a credit card and get actual cash out of an ATM?

Is this whole PayPal thing actually doable? Seems way more logical than sticking with Skrill.

Thanks!

Hey everyone! Has anyone ordered a card from PayPal lately? Like, in the last month or two? I’m wondering if yours actually showed up and how long the wait was. My first card never even arrived, so they sent a replacement, but now this one is dragging its feet too...

Angela Watson6 said:Hey everyone! Has anyone ordered a card from PayPal lately? Like, in the last month or two? I’m wondering if yours actually showed up and how long the wait was. My first card never even arrived, so they sent a replacement, but now this one is dragging its feet too...

Is it possible the issue lies with our postal service? It seems to be in a state of total collapse regarding packages and everything else lately! My advice would be to hang in there just a bit longer, as delays are almost guaranteed right now. For instance, my packages from China have reached the US, but goodness knows where they are! I hear from the mail carrier that things in Chicago are in complete shambles and they aren't even receiving deliveries at all.

Angela Watson6 said:Hey everyone! Has anyone ordered a card from PayPal lately? Like, in the last month or two? I’m wondering if yours actually showed up and how long the wait was. My first card never even arrived, so they sent a replacement, but now this one is dragging its feet too...

Expect it to take about a month from the date you order it.

Sent from my SM-A202F using Reddit

Bill Gates is hiking up their fees starting September 18th, and most of them are going up, not down.
For example, converting USD to whatever local currency you're using is jumping to 0.97% (it used to be 0.64%), while doing it the other way around will hit you with 0.82% instead of 0.68%.
The GBP to USD conversion is also getting pricier—moving from 0.60% up to 0.93%, plus the reverse is climbing from 0.68% to 0.82%.
The only silver lining is that topping up your card with US dollars is actually getting a bit cheaper, dropping from 0.50% down to 0.32%.