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Wise Business

Terms Pending Verification

multi currency account · Founded 2011

Official Source Locator:Wise Business charges a one-time...· Checked 9/24/2026

Account Overview

Wise Business (formerly TransferWise) is renowned for providing real mid-market exchange rates with an upfront, low transparent fee, offering multi-currency holding accounts in 40+ currencies and account details to receive in 22 currencies.

Ideal For

  • Businesses making frequent international supplier transfers who want zero FX markup
  • SMBs receiving payments in EUR, GBP, AUD, USD, CAD, SGD with zero monthly fee
  • Accounting integration with Xero, QuickBooks, and FreeAgent

Not Suitable For

  • •Companies needing complex merchant acquiring or payment gateway checkout
  • •High volume credit line borrowing or yield on pooled funds in certain US states
  • •Organizations requiring unlimited free employee cards (Wise charges per additional card)

Verified Pricing Schedule

Monthly Maintenance$0
Account Setup Fee$31
Major FX MarkupFrom ~0.41% (Variable)
Inbound ACHFree ($0)

$0 monthly maintenance fee.

Regulatory Oversight & Safeguarding

Funds are safeguarded with reputable credit institutions and high-quality liquid assets according to FCA and US regulatory requirements. Not FDIC insured directly unless opted into specific pass-through programs.

FinCEN (US)UK Financial Conduct Authority (FCA)National Bank of Belgium (NBB)

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