TransferWise South Korean Won Travel Card - TravelCardFinder

Traveling internationally can be an exciting adventure, but managing money in different currencies often comes with challenges like high fees, poor exchange rates, and complex systems. If you are planning to visit South Korea or any other country, the TransferWise South Korean Won Travel Card can be your best companion. This smart, convenient, and low-cost solution will help you manage your travel money without the hassle of dealing with high exchange rates or excessive fees.

The TransferWise South Korean Won Travel Card is issued by Wise, formerly known as TransferWise, and it provides a simple and efficient way to spend in South Korean Won (KRW) and other currencies. This guide will cover everything you need to know about the Wise card, including its features, benefits, supported currencies, fees, and the best ways to use it while traveling.

What is the TransferWise South Korean Won Travel Card?

The TransferWise South Korean Won Travel Card is a debit card that is linked to your Wise account. This card allows you to hold, convert, and spend South Korean Won (KRW) as well as many other currencies. It works just like a regular debit or credit card, but with the added benefit of low fees and real exchange rates.

With the Wise card, you can load KRW onto your card before you travel, or convert other currencies into South Korean Won when you are in South Korea. You can use the card to make payments at stores, restaurants, and online, or withdraw cash from ATMs at affordable rates. The Wise card is accepted globally wherever Mastercard is accepted.

Key Features of the TransferWise South Korean Won Travel Card

Benefits of the TransferWise South Korean Won Travel Card

1. Real Exchange Rates

One of the biggest advantages of the TransferWise South Korean Won Travel Card is the real exchange rate. The mid-market exchange rate is the most accurate rate used by major financial institutions. Unlike traditional banks or credit card companies, which tend to add a markup on the exchange rate, Wise offers the same rate you would see on Google or Reuters.

This means that when you convert currencies to South Korean Won (KRW) or any other currency, you will always get the best possible rate, saving you money on every conversion.

2. Low Fees

The TransferWise South Korean Won Travel Card is designed to keep fees low. Traditional credit cards and debit cards charge high fees for international transactions, currency conversions, and ATM withdrawals. However, Wise offers transparent and low-cost options, making it an affordable solution for travelers.

• No monthly maintenance fees for the card.
• Low currency conversion fees (typically around 0.35% to 1%).
• Free ATM withdrawals up to a certain monthly limit, after which a small fee applies.

These low fees are perfect for those who want to avoid paying high charges when spending abroad.

3. Multi-Currency Account

With the Wise card, you can hold South Korean Won (KRW) along with over 50 other currencies in your account. This means that you can easily convert your money into local currencies whenever needed, whether you’re traveling within South Korea or to other countries.

If you’re traveling to multiple destinations, you don’t have to carry different currencies or exchange money at unfavorable rates. Instead, you can load your Wise card with multiple currencies and convert them at real-time exchange rates when needed.

4. Low ATM Withdrawal Fees

If you need to withdraw cash while traveling, the Wise card offers low-cost ATM withdrawals. You can withdraw South Korean Won (KRW) or other currencies from ATMs that accept Mastercard. With Wise, you get free ATM withdrawals up to a monthly limit of $250 USD (or the equivalent in your currency). After that, a small fee applies, which is much lower compared to traditional bank cards.

This feature is especially useful when you need cash for small purchases or tips while traveling in South Korea.

5. Global Acceptance

The TransferWise South Korean Won Travel Card is issued by Mastercard, meaning it is accepted at millions of locations around the world. Whether you’re shopping at local stores in South Korea or making purchases online, you can use your Wise card for payments without worrying about currency restrictions.

With Wise, you don’t need to carry multiple cards or worry about foreign transaction fees. Your Wise card works globally, making it easy to spend in both South Korean Won (KRW) and other currencies.

6. Contactless Payments

The Wise card supports contactless payments, which allow you to make quick and secure payments. Simply tap your card on the payment terminal to complete the transaction. This is especially useful for small purchases like public transport tickets, coffee, or snacks. Contactless payments are safe, fast, and widely accepted in South Korea and other countries.

7. Manage Your Funds with the Wise App

The Wise app makes managing your South Korean Won Travel Card simple. You can easily check your balance, track your spending, and convert currencies directly from your phone. The app also lets you freeze or unfreeze your card, ensuring your money stays secure.

The Wise app provides real-time notifications for every transaction, giving you full control over your spending while you’re traveling. It’s available for both iOS and Android devices.

Supported Currencies

The TransferWise South Korean Won Travel Card supports over 50 currencies, which makes it versatile and useful for travelers visiting multiple countries. Some of the currencies supported by Wise include:

• South Korean Won (KRW)
• US Dollar (USD)
• Euro (EUR)
• British Pound (GBP)
• Canadian Dollar (CAD)
• Australian Dollar (AUD)
• Swiss Franc (CHF)
• Hong Kong Dollar (HKD)
• Japanese Yen (JPY)

You can easily convert your KRW into these and other currencies at the real exchange rate, ensuring that you always get the best possible deal.

Fees and Charges

The TransferWise South Korean Won Travel Card comes with low, transparent fees, making it a cost-effective option for travelers. Below is a breakdown of the fees:

These fees are relatively low compared to traditional travel cards, making the Wise card an affordable solution for managing your money abroad.

Best Ways to Use the TransferWise South Korean Won Travel Card

1. Load South Korean Won Before Your Trip

If you’re traveling to South Korea, it’s a good idea to load your Wise card with South Korean Won (KRW) before you depart. This way, you’ll have the local currency available as soon as you arrive, and you can avoid the hassle of searching for ATMs or exchange counters.

2. Use the Card for ATM Withdrawals

Withdraw cash from ATMs in South Korea or any other country at low fees. Take advantage of the free ATM withdrawals up to your monthly limit, and only pay a small fee after that. You can use the card for emergency cash needs or for situations where businesses do not accept card payments.

3. Use the Contactless Payment Feature

For quick purchases, use the contactless payment feature. Whether you’re grabbing a snack or taking public transport, tap your Wise card to complete the transaction swiftly and securely.

4. Track Your Spending with the Wise App

Keep an eye on your spending and balance with the Wise app. You can check your remaining funds, track your transactions, and convert currencies easily, helping you stay on top of your finances while traveling.

Top up and spend your holiday money in over 40 currencies

Which all countries can apply for Wise Travel Card

The Wise card is currently available for personal customers that live in these countries and regions:

• Australia
• Brazil
• Canada
• EEA + Switzerland*
• Japan
• Malaysia
• New Zealand
• Philippines
• Singapore
• UK + European microstates and overseas territories*
• USA except for residents of Nevada (US cards temporarily unavailable)

Conclusion

The TransferWise South Korean Won Travel Card is an excellent choice for anyone traveling to South Korea or other countries. With its real exchange rates, low fees, and global acceptance, it provides an easy and cost-effective way to manage your travel money. Whether you’re exploring the streets of Seoul or enjoying a meal in Busan, the Wise card ensures that you can make secure payments and track your spending with ease.

So, get your TransferWise South Korean Won Travel Card today and start traveling smarter, saving money, and enjoying your adventures with peace of mind.