Multi-currency bank card: what is it and why get one in France?

Traditional credit or debit cards from French banks are often not the best choice for international payments. They usually come with multiple fees — often poorly explained and hard to anticipate.

Thankfully, the financial landscape has evolved. Online banks and neobanks have introduced multi-currency cards that help reduce costs on foreign transactions.

But what exactly are these cards? How do they work? Who offers them, and are they worth it for expats in France? Let’s take a closer look.

If you're looking for a practical and affordable way to hold foreign currencies and make payments in 140+ countries, you might consider the Wise card.

Discover the Wise card

Multi-currency bank card: what is it?

What is a multi-currency card used for?

A multi-currency card offers three main advantages over a standard card issued by a traditional bank:

• Enhanced security: Some multi-currency cards aren’t linked directly to your main account. You can top them up as needed, so if your card is lost or stolen, your savings remain safe.
• Better exchange rate: Many providers, like Wise, use the mid-market exchange rate for conversions — while most banks use marked-up rates that increase your costs.
• Simplified and transparent fees: Traditional banks often add fixed and variable fees for payments and withdrawals abroad. With a Visa or Mastercard for travel, fees are lower and some operations may even be free.

Who is it for?

If you travel often or live abroad, a multi-currency card can make a real difference. Here’s how different users benefit:

• Students: Lower fees for ATM withdrawals while studying abroad.
• Expats: Local bank details for receiving or sending domestic transfers without fees.
• Professionals: Spend and convert only what you need on business trips, avoiding leftover currency.
• Frequent travellers: Hold multiple currencies and switch between them as you move from country to country.

What is a multi-currency account?

A multi-currency card is linked to a matching account that lets you hold, send, and convert several currencies at once — typically at the mid-market exchange rate.

You can make international transfers easily, and some providers (like Wise) even give you local bank details, such as a European IBAN or UK account number.

You can fund your account by card payment, SEPA transfer, or international SWIFT transfer.

Market players

Traditional bank, neobank, or online bank?

The rise of online payments has changed the financial world. Traditional banks still exist, with their branch networks and often complex pricing, but new types of providers have emerged.

Online banks operate much like traditional ones, but entirely digitally. They hold banking licenses, so your funds are protected by the FGDR (Deposit and Resolution Guarantee Fund). You can access loans, savings, and insurance products through them.

Neobanks and financial platforms like Wise operate mainly via mobile apps. They don’t generally offer loans or savings accounts but focus on global payments and multi-currency management.

Their main advantage is security — client funds are held separately from the company’s own accounts, meaning your money would still be safe even if the platform were to close.

What options do multi-currency cards offer?

Depending on the provider, travel and multi-currency cards may include:

• Withdrawals at the mid-market exchange rate.
• Free withdrawals up to a set monthly limit.
• Access to multiple currencies at fair conversion rates.
• An international debit card usable worldwide.

How to get your Wise currency card?

How does it work?

Getting your Wise card is quick and straightforward.
Sign up via the website or app, fill in your details, and order your card.

The Wise card can be used almost anywhere in the world. It includes two free withdrawals (up to €200 per month). Beyond that, Wise charges 1.75% plus €0.50 per withdrawal from the third one onwards.

The associated account lets you hold 40+ different currencies and send money to 140+ countries. All conversions are made at the mid-market rate.

You’ll also get a European IBAN and account numbers in 8+ currencies, including EUR, USD, and GBP.

How much does it cost?

Opening a Wise account is free. Here’s an overview of standard fees:

• Wise card delivery: €7 (no ongoing subscription).
• Withdrawals: 1.75% beyond €200/month + €0.50 per withdrawal from the third.
• Conversions: Starting from 0.47% depending on currency.

You can view full details on Wise’s pricing page.

Can I use my Wise card after my trip?

Yes. The Wise card is just as useful in France as it is abroad. You can make payments in euros for free and continue managing your balance in other currencies.

It’s ideal for expats in France, travellers, and anyone who receives money internationally — helping you spend only what you need, without hidden costs.

Order your Wise card

This article is a translation of the original article published in French and was translated within 365 days of publication. While the content has been translated for accessibility, the data and sources referenced have not been updated since the original publication date.