Hey everyone! I’m heading to Tokyo for a 1-week vacation and I want to make sure my money setup makes sense. I’m still a new adult figuring this stuff out 😅 so any guidance is appreciated.
Here’s what I have:
- Wealthsimple Cash Card (Prepaid MasterCard)
This is the Wealthsimple prepaid MasterCard
I have it physically + added to my Apple Wallet.
From what I understand, I can withdraw yen at 7/11 ATMs in Japan using this card (choosing the local JPY currency conversion option, NOT CAD conversion).
I just want to confirm:
Is it okay to top up my Wealthsimple balance from my Scotiabank app while I’m already in Tokyo?
(Example: transferring money daily/whenever I need it.)
- Wise Card (digital only in Apple Wallet)
I only have the digital Wise card, no physical one.
People say this is great for tapping at restaurants, stores, convenience stores, etc.
If I’m frequently doing Scotiabank > Wise transfers > tapping the digital Wise card, is that totally normal? Any problems with frequent top-ups?
- Should I tell Scotiabank I’m going overseas for just a week?
Or is it unnecessary nowadays?
I mainly just don’t want my account freezing while I’m away.
- Cash withdrawals: Wealthsimple prepaid MasterCard?
- Card payments: Wise digital card in Apple Wallet?
- Source of funds: Scotiabank (I transfer as I go)?
What would you do?
by Equivalent-Scholar28