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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Author: oddhack   😊 😞
Number: of 343 
Subject: Re: Best way to get USD into Wise?
Date: 06/27/25 7:58 AM
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Your Wise account should give you ABA/account details for a US dollar sub-account, so you can wire USD from your bank to the US "side" of your Wise account. Should cost next to nothing.

At the time I posted what you're replying to, Wise was not supporting US account details so it was not possible to initate an external ACH into the account (maybe a wire would have been possible). They have since fixed that.

The only disadvantage is that you have to hold a positive balance at Wise on which you earn no interest.

They are paying a bit over 1% on my EUR balance ATM which is better than nothing, if not a lot better. Varies by currency I expect. I would love to find some way to keep cash balances in EUR that were more or less keeping up with inflation but until I have my residency card here in PT I don't think I'm going to be able to create a brokerage account, so ATM I'm keeping cash in the Wise US account where it gets around 4%. Not thrilled with that since at any moment the Orange Blight might decide to block foreign currency transactions or do something stupid that devalues the USD another 15%. Maybe I could do something through IB though.
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This community has written 340 posts about Living Abroad. The article-length ones it recommended most:
Welcome! · 12 recs · 2024
USA to Portugal (Sabbatical) · 8 recs · 2024
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