Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
Best Of BRK.ABest OfAll BoardsThe Shrewd’m Weekly ¤Learn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of BRK.ABest OfAll BoardsThe Shrewd’m Weekly ¤Learn to InvestHow to Become Shrewd


The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", sykesix asked the members: "What do you do if you arrive early at movie besides go to the snack bar?" 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.
Answer this questionContinue to Shrewd'mThis note won't appear again
Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
Unthreaded | Threaded | Whole Thread (13) |
Author: mungofitch ✹✺🐝🐝🐝 SILVER
SHREWD
  😊 😞

Number: of 22989 
Subject: Re: Best way to get USD into Wise?
Date: 06/26/25 4:51 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 4
The options appears to be an ACH initiated from the Wise side for 0.28% fee, or sending USD to a GBP-denominated Wise account, which I expect would at least incur the sending institution's SWIFT fee.

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.

You can then do the FX at the destination using Wise, they have rates that are better than most, AFAIK second only to what you get at an Interactive Brokers account. IB plugs you directly into the global forex market, so the spread is essentially unmeasurable. There are commissions, but my last one was 0.0002% of amount converted.

You can generally pick your format from there, I click on the "download PDF" button.

I love my Wise account - I have a cottage in a country other than my home, but I don't need a bank account there because I use the Wise account details for that local currency for pre-authorized debits for all the utility/insurance bills and local spending (card or cash withdrawals). Even for things that require a local bank account, it LOOKS like a local account to them. The only disadvantage is that you have to hold a positive balance at Wise on which you earn no interest.

Jim
Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to mungofitch here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 364 posts about Living Abroad. The article-length ones it recommended most:
Welcome! · 12 recs · 2024
USA to Portugal (Sabbatical) · 8 recs · 2024
Unthreaded | Threaded | Whole Thread (13) |


Announcements
Berkshire Hathaway FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community | Privacy