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
- 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
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.
Fees and pricing
Checked against the provider's published pricing in September 2026. Figures vary by country and plan.
- Monthly fee
- None
- Registration fee
- One-off charge in the UK, EEA, Switzerland and Brazil
- Receiving money
- Free in most currencies; a small percentage on USD wires
- Currency conversion
- From about 0.33%, shown before you send
- Batch payments
- Included
- Debit 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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