Wise Business is a multi currency account for companies that send, receive, and hold money internationally, with local account details in several currencies. It charges a one time setup fee and usage based fees. As of 11 October 2026.
- Who it suits
- Businesses that pay or get paid across borders and want low cost currency conversion and local account details in several currencies.
- Broadly available in
- Many markets including the United Kingdom, the United States, the European Economic Area, Australia, New Zealand, Japan, and Singapore. Feature availability varies by country. As of 11 October 2026.
- Headline monthly fee
- A one time setup fee that varies by country, for example 50 pounds in the United Kingdom, 31 US dollars in the United States, and 55 euros in Germany. There is no monthly fee. As of 11 October 2026.
- Account type
- Electronic money account, not a traditional bank deposit account. Wise is an electronic money institution.
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Overview
Wise Business is the company account from Wise. It is an electronic money account rather than a bank account, and it lets businesses hold and convert many currencies, receive money with local account details in several markets, and pay suppliers or staff abroad at the mid market exchange rate plus a published fee. There is no monthly fee. Instead there is a one time setup fee and usage based charges for conversions, transfers, and cards where available.
Strengths
Conversion at the mid market rate plus a transparent fee, local account details in several currencies, no monthly fee, and wide country coverage. As of 11 October 2026.
Limitations
Wise is an electronic money institution, not a bank, so balances are handled differently from a bank deposit. Cards are not available in every market, and feature availability varies by country. Verify current terms with Wise.
Fees and features
| Monthly fee | No monthly fee. A one time setup fee applies and varies by country, for example 50 pounds in the United Kingdom, 31 US dollars in the United States, 55 euros in Germany, 60 euros in France, 99 Singapore dollars in Singapore, and 65 Australian dollars in Australia. As of 11 October 2026. |
|---|---|
| Transaction fees | Transfers and conversions are charged a usage based fee that varies by currency and route. Receiving in some currencies is free while others carry a small fee. As of 11 October 2026. Verify current pricing with Wise. |
| FX fees | Conversion uses the mid market rate plus a published fee that varies by currency pair, from 0.24 percent in the United Kingdom and 0.23 percent in the United States. As of 11 October 2026. Verify the current rate for your pair with Wise. |
| Minimum deposit | No minimum opening deposit is published. A one time setup fee applies. Verify with Wise. |
| Multi currency | Yes. Hold and convert many currencies and receive with local account details in several markets. As of 11 October 2026. |
| Integrations | Accounting integrations including Xero and QuickBooks, plus batch payments and an API. Verify current integrations with Wise. |
| Eligibility | Registered businesses in supported markets. Feature availability and supported entity types vary by country. Verify eligibility with Wise. |
Open a Wise Business account
Availability and fees vary by country. Check the Wise Business by country pages below for your market, then confirm current terms with the provider. Shown as of 11 October 2026.
Visit Wise Business → Commission link: we may earn a fee if you open an account through it. It does not change what we publish or how we rank providers.Wise Business by country
Questions about Wise Business
Is Wise Business a bank?
Does Wise Business charge a monthly fee?
What exchange rate does Wise Business use?
Where is Wise Business available?
Fees, features, and eligibility change and vary by region. This page was last reviewed on 11 October 2026. Confirm current terms with Wise Business before applying.