Wise Business account: fees, features and who it suits
Last reviewed 13 October 2026
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Wise Business is a multi-currency account for freelancers, sole traders and companies that get paid or pay suppliers in more than one currency. It is built on the same platform as the personal Wise account: you hold 40+ currencies, receive money with local account details and send money at the mid-market exchange rate with a small, upfront fee. There is no monthly fee.
Wise Business at a glance
| Monthly fee | None |
| Signing up | Free |
| Account details to receive payments | One-off fee: EUR 50 (Estonia), EUR 55 (Germany), EUR 60 (Ireland, Netherlands, France), GBP 50 (UK), USD 31 (US) |
| Holding money | Free, in 40+ currencies |
| Sending and converting | Mid-market rate + from 0.2% (EEA), 0.24% (UK), 0.23% (US); lower above monthly volume thresholds |
| Receiving local payments | Free in AUD, CAD, EUR, GBP, HUF, NZD, PHP, SGD and USD |
| Receiving SWIFT payments | Fixed fee per payment, e.g. EUR 2.39, GBP 2.16, USD 6.11 |
| Batch payments | Up to 1,000 payments in one file |
| Business cards | First card free, each extra team card EUR 4 (GBP 3, USD 5) |
| ATM withdrawals | Free up to EUR 250 a month per account, then 2.69% |
The setup fee is set per country and paid once. It is refunded if Wise cannot verify your business.
What you get
- Account details in 22 currencies — give clients local details (for example EUR, GBP or USD) so they pay you as a domestic transfer instead of an expensive international one.
- Payments abroad at the mid-market rate — the fee is shown before you pay, with no mark-up hidden in the exchange rate.
- Batch payments — pay up to 1,000 suppliers, freelancers or employees from one CSV or Excel file.
- Team access — invite colleagues with their own permissions (view only, make payments, order cards, manage the team) and require approvals for payments.
- Cards for the team — physical and digital Wise Business debit cards that spend from your balances.
- Accounting integrations — bills and bank feeds with Xero and QuickBooks; bank feeds with FreeAgent, Sage, NetSuite, DATEV, Exact Online, Pennylane, sevDesk, Zoho, Wave and others (availability varies by country).
- Getting paid — payment links, QR codes, invoices and direct debits are unlocked with the one-off fee.
- API — free sandbox and live API access for automating payments.
Who can open a Wise Business account?
Sole traders and freelancers, limited and public companies and most partnerships can apply. You need a registered business address and a business tax identification number, and each legal entity needs its own account. When you enter your details, Wise tells you whether it supports businesses in your country.
Wise does not support:
- businesses involved in gambling, anywhere in the world
- businesses that exchange or trade cryptocurrencies
- tobacco and adult-content businesses
- companies with bearer shares, and (for new sign-ups) UK and EEA trusts and UK limited partnerships
Charities are only supported in certain countries, and unregistered charities not at all. Businesses in Bahrain, Israel and Malaysia cannot hold money in a Wise Business account.
Documents and verification
- proof of business registration (certificate of incorporation or a registry extract)
- proof of your trading address
- details of who owns and controls the business
- personal ID for the account owner and, if requested, for other directors or owners
After the initial review, further checks usually take up to 10 working days.
Good to know
- Card payments from customers: accepting card, Apple Pay and Google Pay payments is currently not available to new Wise Business customers.
- Topping up e-wallets: paying into other e-wallets (such as Skrill or NETELLER) with a Wise card costs 2%.
- Interest on balances: EUR, GBP and USD balances can be put into money-market funds (“Interest”) for an annual fee from 0.26%. This is an investment, not a savings account — capital is at risk.
- How your money is protected: in the EEA the account is provided by Wise Europe SA, a payment institution supervised by the National Bank of Belgium; in the UK by Wise Payments Ltd, an e-money institution authorised by the FCA. Customer money is safeguarded, but it is not covered by a deposit guarantee scheme.
Pros and cons
| Pros | Cons |
|---|---|
| No monthly fee — one setup fee | Setup fee differs by country (EUR 50–60 in the euro area) |
| Mid-market exchange rate, low transparent fees | Not available to gambling and crypto businesses |
| Local account details in 22 currencies | Card acceptance closed to new customers |
| Batch payments, team cards and permissions | Not a bank: funds are safeguarded but not covered by a deposit guarantee |
Wise Business or an e-wallet?
Skrill and NETELLER are built for paying online merchants and moving money between e-wallets; NETELLER has currently paused new business account applications. If your business invoices clients abroad, pays international suppliers or needs local bank details in several currencies, Wise Business is the more suitable tool. For a personal comparison, see Wise vs PayPal.
Open a Wise Business accountSources: Wise business pricing pages (Estonia, Germany, Ireland, Netherlands, France, UK, US), Wise help centre and Wise business guides. Checked 13 October 2026. Fees can change — check the pricing page for your country before you sign up.