They’ll be able to send you USD directly into your USD balance using those account details. With Wise, you can hold money in 40+ currencies, and convert between them at the mid-market rate whenever you need. It’s free to sign up, and there are no monthly fees. “Always fast transactions and good fees. An invaluable online bank for those who live outside their own country or are frequent travellers.” Request and receive money directly with Wise, and get paid easily with account details in top currencies. It’s even slicker when you sync your contacts.
Sending and receiving money between Wise Accounts in the same currency is free. Go global with our international business account. Make payments and get paid in 40+ currencies. Join over 600,000 businesses thriving with Wise.
in 18 countries
You can get a Wise debit card if you have a Wise Account with balances, and live in the UK, US, Australia, Brazil, New Zealand, Singapore, Malaysia, Japan, Switzerland or EEA. To add money to your balance, you just need to follow the same steps to open other balances in other currencies on your Wise Account. A business account should only be used for business transactions, even if you’re a freelancer or a sole proprietor. You can use Wise for much more than just sending money.
Our smart technology links local bank accounts in countries all over the world. So often we’re able to use money from a Wise user sending money the other way around. Once we get that sorted, we’ll give you an estimate of when your money will arrive – usually it’s much faster than a bank transfer.
- Depending on the country you’re sending from, we might need to have you verified.
- Let’s say you have a family member in the US, and they want to send you money.
- That’s why we’re building the best way to move and manage the world’s money.
- “They make our life split between two continents possible. Transfers are simple and very, very fast.”
- Inside the rise of the $5 billion money-transfer fintech Wise, which has been profitable for years and is exploring an IPO.
And with our daily summaries, you’ll never miss out on the latest news. Interest is offered in partnership with BlackRock and through Wise Assets. The funds aim to maximise current income through a portfolio of high quality short-term money market instruments.
Depending on the country you’re sending from, you might have other payment options. Your recipient doesn’t need a Wise account to get their money. Save up to 2x on international transfers — with fees as low as 0.1%.
Frequently asked questions (FAQs) about the rate
“They make our life split between two continents possible. Transfers are simple and very, very fast.”
You’ll have an IBAN for your EUR balance, a sort code and account number for GBP, a routing and account number for USD, and so on. For your personal account, sign up with your legal name, date of birth and address. “I use Wise to pay a mortgage in a different country each month. Superb. That simple.” Get a debit card to spend online, at the checkout, and to withdraw cash in the currency you need right away.
I live outside the UK and have requested a balance in GBP. Does this mean I have a UK account?
Pay by credit or debit card or make a local bank transfer to Wise’s account in your country. You don’t have to link your bank account to Wise (unless you’re sending from Canada or the US). They both moved their money with their banks — which had expensive fees and bad exchange rates.
Business account
Inside the rise of the $5 billion money-transfer fintech Wise, which has been profitable for fxprimus review years and is exploring an IPO. Read some of the stories of how Wise helps people manage their money in our Lives Without Borders series. We’re setting a standard that pushes financial institutions to be honest, creating true transparency for customers, whether you use Wise or not.
Manage your international money in a single place with a Wise account. Wise is campaigning to stop banks and brokers hiding their fees. This means you lose less of your money in fees or hidden markups. Depending on the country you’re sending from, we might need to have you verified. Learn more about why you need to be verified. Account details will be different depending on the currency.
You can share them with friends and companies to get money from globally. No, having a specific currency balance with Wise doesn’t change your Wise account location. Wise works under several legal entities worldwide. Your registered address determines where your account is based, and what terms and conditions apply. You can spend money in different currencies around the world with the Wise card and get low conversion fees — check this on our pricing page. For the most up-to-date pricing and fee information, please read our Terms of Use for your region.
Read our comprehensive Currensea review, focusing on fees, exchange rates and transfer times for international money transfers. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. Find out what exchange rate Currensea uses for card payments, ATM withdrawals and money transfers here in our handy guide. This means that when you buy holiday money or make an international payment, the bank adds a hidden fee by offering you a poor exchange rate.
Send money abroad using Wise and we’ll use the same rate you see on our currency converter. If you’ve got the local currency, we’ll use it. If you don’t, we’ll convert to it Day trading strategies at a cheap rate. So in store or online, you’ve always got the right kind of money, for the right price. Banks and other providers add markups to the exchange rate to make you pay more. You can’t get all details at the same time — you’ll need to request details for each currency separately.
- Every month, millions of our personal and business customers trust us to move over 1.1 trillion INR of their money.
- Over the past decade, Wise (formerly known as Transferwise) has built a global payments infrastructure that has revolutionised how money moves around the world.
- Wise is campaigning to stop banks and brokers hiding their fees.
- You don’t have to link your bank account to Wise (unless you’re sending from Canada or the US).
- With your Wise account, you’ll just need to share your USD account details with them.
Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Our smart tech means we’re more efficient – which means you get a great rate. Inviting friends is key to the Wise revolution. The more people send money on Wise, the better it is for everyone. And you can earn real money when you refer friends who become Wise users.
Taavet, who was the first employee at Skype, lived in London but got paid in euros. Kristo worked for Deloitte, also lived in London, and got paid in pounds. But he had a mortgage in euros back in Estonia. forex scalping signals A personal account should only be used for personal transactions. Wise may request additional documents to verify your identity or business. Set an alert now, and we’ll tell you when it gets better.
You can get account details for each currencies that we offer them for. But you can only have one set of account details per currency. You can also convert currencies between your balances at the mid-market rate and at a low fee. You’ll need to open separate Wise business accounts for every different legal entity. Simply open a balance in one of the 40+ currencies available, and top up your account.