Wise still does it better, the comparison is laughable.

I get paid in USD instantly through ACH and live in the Euro zone operating daily on SEPA. I also travel for work extensively, and I never have to worry about currency anymore.

I exchange on the fly and instantly, exactly the amount I need when I need it. Hotel? Taxi? Uber? Flights? Supermarket? Currency slippage does not exist anymore for me.

I get the real exchange rate (the one you get on Google for instance), and I can transfer for free to any of my own Wise currencies, and in seconds or minutes at most to an account belonging to someone else. SEPA and ACH are both instantaneous, regardless.

I can pay using my phone(s), and whenever touch pay is not available, I can withdraw cash in the currency without incurring extra exchange rate fees because I hold the currency in my Wise account.

The exchange rate fees are ridiculously low too: USD/EUR costs me 0.3-0.5%, EUR/JPY, same, USD/KRW same, IDR, same, SGD same, CLP same... All around 0.4% and always well below 1%.

So, the supposed use case for Strike may be valid against old legacy banks, but it just falls extremely short against a service like Wise.

Reply to this note

Please Login to reply.

Discussion

#[0]