Wise Business

Wise Business is the business-tier account from Wise (formerly TransferWise), built for freelancers, consultants, agencies and SMEs that operate across currencies. It gives a single company one multi-currency account with local receiving details in the US (routing/account), UK (sort code/account), EU (IBAN), Australia (BSB) and several other major currencies, plus a debit card, batch payments and native accounting integrations. It is a regulated electronic-money account, not a full-service bank, and pricing is a one-off account-opening fee in most regions followed by transparent per-transfer and conversion costs at the mid-market rate.

Who Wise Business is for

Wise Business fits five distinct segments, and the value proposition is slightly different for each:

• Freelancers and consultants billing overseas clients who want to be paid as a local domestic transfer instead of receiving expensive incoming wires.
• Agencies paying international contractors and subcontractors on rolling schedules where batch payments and per-user access matter.
• SMEs that operate in more than one currency and want FX conversion at the real mid-market rate instead of a bank spread.
• International businesses collecting revenue in USD, GBP and EUR that need to hold funds in each currency without forced conversion at the moment of receipt.
• Remote-first companies paying salaries or contractor invoices across geographies where a single global payments layer replaces multiple local bank accounts.

Local account details

Wise Business issues local receiving details in a handful of major currencies for a one-off account-opening fee. In practice this means a UK client can pay you by sort code and account number, a US client can pay by ACH to a routing/account pair, and an EU client can pay to an IBAN — with the funds landing in the corresponding currency balance in your Wise account. This removes incoming-wire fees and the FX markup that would otherwise apply if a bank auto-converted the receipt into your home currency. Coverage extends across USD, GBP, EUR, AUD, NZD, CAD, SGD, HUF and TRY at the time of writing; check wise.com/business for the current list before opening an account.

International invoicing

Wise Business includes an invoicing tool that lets you send branded invoices in multiple currencies and share your local receiving details directly on the invoice. For freelancers and consultants this collapses the setup — invoice, payment method and reconciliation — into a single workflow that ties back to the accounting integration.

Batch payments

Batch payments (sometimes called mass payouts) let you upload a spreadsheet of recipients and pay them in a single approval. For agencies and remote-first teams paying dozens of contractors on a cycle, this is the feature that materially changes ops time compared to cutting individual bank transfers. Fees are still itemised per line so the total is auditable.

Team access and controls

Wise Business supports multi-user access with role-based permissions — you can grant a bookkeeper read-only access, an ops manager the ability to prepare payments, and reserve final approval for a director. Approval workflows scale with team size and are the reason Wise Business fits agencies and SMEs where a personal Wise account would not.

Accounting integrations

Native integrations with Xero, QuickBooks Online and FreshBooks sync transactions, currency conversions and fees automatically into the ledger. This matters because FX movements can otherwise create messy reconciliation work in multi-currency books; wiring Wise into your accounting platform means each currency balance is treated as its own bank account inside the ledger.

Business debit card

Wise Business issues both physical and virtual debit cards, with virtual cards suited to team subscriptions and one-off vendor payments. Cards spend in whichever currency balance is available and only convert (at the mid-market rate plus fee) if the balance is not held. For agencies running international ad-spend and SaaS subscriptions in USD or EUR, holding balance in the spending currency avoids the double-conversion that domestic cards typically apply.

Supported countries

Wise Business is available to companies registered in over 60 countries, including the US, UK, Ireland, most of the EU, Australia, New Zealand, Canada, Singapore, Japan and Hong Kong. Availability of specific features — including which local receiving currencies you can open — depends on where the business is registered and its industry classification. The definitive list lives at wise.com/business.

Pricing

Wise Business charges a one-off account-opening fee in most regions (typically £45 in the UK, $31 in the US, or the local equivalent at time of writing) and then transparent per-transfer and per-conversion fees priced at the mid-market rate. There is no monthly account fee and no minimum balance. Card issuance is free in most regions; ATM withdrawals may incur a fee above a monthly free allowance. Confirm current fees on your specific corridor at wise.com/pricing before committing.

Limitations

Wise Business is not a bank. Customer balances are safeguarded under electronic-money regulations (FCA in the UK, FinCEN in the US, equivalents in the EU and elsewhere) but are not FDIC/FSCS-insured the way bank deposits are. Wise does not offer lending, overdrafts or cash deposits, and it is not designed as your primary domestic operating account if you rely on those services. For businesses in higher-risk industries or with complex ownership structures, onboarding can take longer as compliance checks are more thorough than at a consumer account.