Provider profileLast checked 8 November 2026
Wise Business
A multi-currency account for paying and getting paid internationally, with no monthly fee and conversion fees that vary by currency.
- Cheapest plan
- No subscription or monthly fee
- Available in
- UK and other countries
- Your money
- E-money · safeguarded, no FSCS
What it is
In the UK, Wise Payments Ltd is an FCA-authorised e-money institution (FRN 900507). It is not a bank.
How your money is protected
Safeguarded: Wise holds customer money as cash at banks, in secure liquid assets such as government bonds, or backed by a guarantee. E-money and payment services from Wise Payments Ltd aren't covered by the FSCS.
Our e-money vs bank account guide explains what this means if a provider fails.
Who can open one
Sole traders and freelancers, limited and public companies, and most partnerships. For new UK registrations, Wise doesn't currently accept trusts or Scottish, English or Northern Ireland limited partnerships. Prohibited activities include cryptocurrency, tobacco and adult content.
Headline fees
| Fee | Detail |
|---|---|
| Account details to receive in 22 currencies | £50 |
| Converting money | From 0.24%, varies by currency |
| Paying with the card in a currency you hold | Free |
| ATM withdrawals | £250 a month free per account, then 2.69% |
| Receiving domestic (non-SWIFT) payments | Free in AUD, CAD, EUR, GBP, HUF, NZD, PHP, SGD and USD |
| Receiving SWIFT payments | £2.16 (GBP), €2.39 (EUR), $6.11 (USD wires) |
| Topping up e-wallets | 2% |
Limits worth knowing
- Wise offers volume discounts on monthly transfers over £20,000.
How it compares
Read our full comparison of Incard and Wise Business. See all the accounts we've researched.
Our pick for card spendIncard: 1% cashback on ads, software and travel, on a £0 plan
Our pick for UK and Swiss businesses whose main costs go on cards, as long as you don't need bank deposit protection.
Read Incard vs Wise BusinessWork out your cashbackCheck eligibility
We may earn a commission if you apply.
- a month on the Free plan, with team cards
- £0
- cashback on ads, software and travel; 0.5% on other eligible spend
- 1%
- IBANs in three currencies
- GBP, EUR, USD
Check Wise Business's current terms
Fees and eligibility can change. Confirm them on the provider's own site before you apply.
Sources
All checked on 8 November 2026. Where a provider's help centre or legal terms differ from its marketing pages, we follow the help centre and terms.