Wanted to share a short review of a new Wirex debit card. Due to my previous poor experience with Wirex (7-8 out of 10 card loads failed or took a REEEEAALLY LONG time and/or opening multiple tickets with them receiving only incoherent mumbling about some mysterious planned maintenance with no advance notice) I was expecting some kind of catch but I wasn't expecting something like this: max ATM withdrawal daily limit is.... 250EUR! After checking my account I found that I was charged ~10EUR in fees! So it means to withdraw 1kEUR you'll have to pay ~40EUR in fees! What a RIPOFF! This is without taking into account their fake exchange rate and card maintenance monthly fees! The most interesting fact is that I wasn't able to find these fees and ATM daily limits on their website. So this card is completely unusable for me and my needs. Perhaps if you're planning to use it to pay in shops, restaurants etc it will be ok for you but the POS fees are also missing from their website.... so beware!
You should really learn to research a little for the info.
The limit is indeed 250 EUR
/day, as I've found out
here.
The fees are indeed big, but they are
written down. If you are in Europe, you pay 2.25 EUR + 3%, which for your example is 9.75 EUR.
Their "fake exchange rate" gives them some 2-3% also, from what I've checked last year.
All in all, their fees used to be indeed far from small, but not really bigger than others'. I think that now they have an extra 3% at ATM withdrawal, but they have virtually no competition... Maybe when real competition will come up they'll reduce the fees, until then I guess not. All in all they try to make you (us) to use the cards in shops - they even promised some returns from that. I can bet that those values will be very small, but still...