Is Wise Business available for business in Australia?

Availability

Wise Business for business in Australia: Available

Key eligibility: A registered Australian business with an ABN or ACN, plus director ID and proof of the business
Non resident position: Accepts businesses registered in many countries; an Australian registered address unlocks local AUD details
Local currency support: Holds and converts 40 plus currencies; AUD account details include a BSB and account number
Headline monthly fee: No monthly fee; one time fee about 65 AUD to open account details

Availability and fees as of 22 May 2026Last reviewed 22 May 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

Yes. Wise Business serves businesses in Australia. You register online with your ABN or ACN, hold and convert more than 40 currencies, and can receive AUD account details with a BSB and account number. There is no monthly fee, only a one time fee of about 65 AUD to open the account details, plus per transaction pricing after that.

Does Wise Business serve business customers in Australia?

Wise offers its business account to companies, sole traders, partnerships and trusts registered in Australia, and the account opens online without a branch visit. Wise operates in Australia through Wise Australia Pty Ltd, which holds an Australian Financial Services Licence from ASIC and a Purchased Payment Facility licence overseen by APRA. Wise is a payments and currency provider rather than a bank, so it handles invoicing, supplier payments, and multi currency holdings rather than lending or overdrafts.

Eligibility for businesses in Australia

You normally need a registered Australian business with an ABN or ACN, identity documents for the directors and beneficial owners, and details of what the business does. Wise restricts some activities, including cryptocurrency trading, gambling and betting, weapons, and adult content, so a business in one of those sectors may not qualify. Verification is usually completed within a few business days. Verify with the provider

What it costs locally

Wise Business has no monthly account fee. Opening the account details carries a one time fee of about 65 AUD. After that you pay per use: currency conversion is charged as a percentage that varies by currency and commonly starts around 0.6 percent, and some payment types carry a small fee. Receiving money into your Wise account is free, and holding balances is free. As of 22 May 2026

What local users report

Australian users commonly praise the transparent conversion pricing and the speed of online setup. A frequent point to check is that, when your registered address is in Australia, the AUD account details receive domestic transfers rather than international SWIFT payments into those details. Wise does not offer lending, merchant facilities, or a cash deposit network, so businesses that need those usually keep a separate Australian bank relationship.

How to open Wise Business for business in Australia

Check that your Australian business and its activity meet the Wise eligibility criteria
Register online with your ABN or ACN and verify the directors and beneficial owners
Pay the one time fee to open your account details and activate your currency balances

Open with Wise Business →

Questions about Wise Business in Australia

Can an Australian business open a Wise Business account?

Yes. Wise accepts Australian registered businesses, including sole traders, companies, partnerships and trusts. You provide your ABN or ACN and verify the directors and owners online. As of 22 May 2026, confirm eligibility for your structure with the provider.

Does Wise Business charge a monthly fee in Australia?

No. Wise Business has no monthly account fee. There is a one time fee of about 65 AUD to open account details. You then pay per transaction for currency conversion and some payments. As of 22 May 2026, check the current fees with the provider.

Does Wise give an Australian BSB and account number?

Yes. Wise can provide AUD account details with a BSB and account number. If your registered address is in Australia, those AUD details receive domestic transfers rather than international SWIFT payments. As of 22 May 2026, verify the current details with the provider.

Is Wise regulated in Australia?

Wise Australia Pty Ltd holds an Australian Financial Services Licence from ASIC and a Purchased Payment Facility licence overseen by APRA. Wise is a payments provider rather than a bank, so it does not offer lending or government deposit guarantees. As of 22 May 2026, confirm the current licensing with the provider.

Availability, fees, and eligibility change. This page was last reviewed on 22 May 2026. Confirm the current position with Wise Business before applying.