People like to stay in the comfort of their homes. This has become almost natural, especially among young people. Perhaps they are more adventurous in buying and shopping online than the older age group. There may be a life situation where you need to transfer money abroad, whether you are younger or older. One of the most common solutions for this is Mindwise, which is a correct, reliable cash transfer option.
This system was established in England in 2011. Today, it provides cash flow in more than 60 countries around the world in 15 currencies. Mindwise is a fast, cheap, reliable, low-cost online system. Its essence is that a large proportion of financial orders remain within the country. That is, the company opens its own bank account in each country, where it collects orders for foreign transfers. It aggregates outgoing and incoming items and only allocates or accepts the balance, net difference.
The Mindwise system is constantly evolving, with a bank account and a credit card already in place. Not yet available in Hungary, but the system is ready to use. It is currently in trial mode, testing 1000 selected users.
Credit card conditions are as follows:
- free account opening
- free card application
- free money recharge and money transfer
- currency exchange between 28 currencies at a commission of 0.35-1%
- transfer in matching currency for EUR 0.6
- free “overseas” cash withdrawal during the test period
- up to 200 GPB / month outside the test period
How do I apply for a card?
You can apply for the card on the website, where you only need to confirm the mailing address and the card number is immediately generated and the card is inactive in the system. The card will be mailed from the UK in a few days and can be activated using your PIN. It is currently only available to people with an address in England, but will soon be available throughout the EU.
ATMs recognize the card as a debit mastercard, meaning it will be accepted as a real bank card in Hungary as well. It is possible to store money in the sub-accounts of the account in several currencies (HUF), so you can even choose the currency in which you would like to withdraw the amount.