I have a bank account in Latin America that comes with a Visa debit card.
I also have bank account in the United States.
I don’t, as of yet, have a Transferwise account in the U.S.
Background - For a number of years, I have needed to pay a wire transfer fee to move funds back to the U.S. I think it’s around $40.00 with the intermediary fee. Is there a way to use the Visa card to move the funds, at a reduced cost? People usually use a Visa card to purchase goods and services. In my travels from years ago, I believe I used my U.S. Visa card to get a cash advance at a bank in Yugoslavia, if my memory serves me correctly! So I woke up this morning with this idea in my head: How can I use the foreign Visa card to move funds internationally and avoid paying the wire transfer fee? I live in one of the handful of dollarized economies in Latin America - so there would be no foreign exchange charge. Could this be accomplished with a WISE account? If it could, I could do a free ACH from WISE to my U.S. bank account. Can anyone suggest a way to accomplish this end, if it is even possible?