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Provider review · 4.7 advisor score

Wise Business: fees, currencies and how to apply.

The clearest pricing for cross-border invoicing and supplier payments

a few days to two weeks

Time to open

4.7

Advisor score

No monthly fee

Monthly cost

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Wise Business

UK · EEA · US · SG

Time to open

Typically a few days to two weeks

Currencies

Hold 40+ currencies, local account details in 20+

To open

No monthly fee; one-off registration fee in UK, EEA, Switzerland and Brazil

Licence status

Payment / e-money institution, not a bank; funds safeguarded, no deposit guarantee

 
How we rank  How we make money

Advertising disclosure. Some links on this page are affiliate links. If you open an account we may be paid a fee, at no extra cost to you. Order is set by our published criteria and cannot be bought.

What Wise Business actually is

Wise Business is a payment institution, not a bank. It gives you local account details in currencies such as USD, EUR, GBP, AUD and SGD, so customers pay you domestically and you avoid the receiving charges a SWIFT transfer attracts.

Its main advantage is transparency: the exchange rate is the mid-market rate and the fee is shown before you confirm. Its main limitation is that it is a payment account, so there is no credit, no overdraft and no deposit guarantee scheme.

Best for

Companies invoicing abroad and paying suppliers in several currencies

Fees and pricing

Checked against the provider’s published pricing in September 2026. Figures vary by country and plan.

Monthly fee

None

Minimum balance

One-off charge in the UK, EEA, Switzerland and Brazil

Local transfers

Free in most currencies; a small percentage on USD wires

International transfers

From about 0.33%, shown before you send

Currency exchange

Included

Cards

Small one-off charge per card

Where it works well

  • No monthly subscription and mid-market exchange rates
  • Local details in 20+ currencies so clients pay you domestically
  • Accounting integrations with Xero and QuickBooks

Watch out for

  • Not a bank: no lending, no overdraft, no deposit guarantee
  • Cash deposits are not possible
  • Higher-risk sectors are declined at onboarding

Who can open it

  • A registered company in a supported country
  • Business activity that is not on the prohibited list, which excludes crypto trading and adult services
  • Owners verified individually where ownership exceeds 25%

Documents to prepare

  • Certificate of incorporation and company registry extract
  • Passport and proof of address for every director and owner above 25%
  • Description of the business, customers and expected monthly volumes
  • Evidence of the business address
  • Sample invoices for larger expected volumes

Ready to apply to Wise Business?

Have the documents above ready and the application usually takes under 20 minutes.

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