Why Wise Is the Smartest Way to Spend Overseas

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When it comes to managing money abroad, hidden fees and poor exchange rates can quickly add up. That’s where Wise (formerly TransferWise) comes in — a financial platform designed to make international spending, transfers, and currency exchange simple, transparent, and cost-effective.

 

For Singaporeans who frequently travel to Johor Bahru or other destinations, Wise is an invaluable tool.

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What is Wise?
Wise is a global money service that lets you hold, send, and spend in multiple currencies using real exchange rates (the mid-market rate you see on Google). Unlike traditional banks that add high markups and “service fees,” Wise shows you the exact fees upfront and ensures you get the fairest conversion possible.

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Key Benefits of Using Wise Overseas:

• Better exchange rates: Save money with mid-market rates instead of inflated bank rates.

• Low fees: Pay only a small, transparent charge per transaction.

• Multi-currency account: Hold balances in SGD, MYR, USD, EUR, and more, perfect for travellers and expats.

• Wise debit card: Spend like a local overseas, with automatic currency conversion.

• Fast transfers: Send money to Malaysian bank accounts quickly, often within hours.

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Real Life Example:

On 24 September 2025, the exchange rates at various moneychangers around the CIQ in JB were around RM 324.50 to SGD 100. The exchange on Wise was RM 327+ to SGD 100.

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Why It Matters for Singaporeans in JB:
Whether you’re topping up your Touch ’n Go eWallet, paying rent for a JB condo, or covering family expenses, Wise makes it cheaper and faster to move money across the Causeway.

 

No more worrying about carrying cash or paying steep bank fees.

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In short, Wise isn’t just another app, it’s your passport to smarter, more affordable financial freedom abroad.

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You can now receive a Free Card (U.P. SGD 8.50)

OR a onetime transfer limit of up to SGD 900 on my Affiliate Link here: