Is a Wise business account right for you?
Read real customer reviews below along with more information about the various banking services Wise offers to businesses.
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Wise Customer Reviews
Review Summary
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Wise Reviews From Other Websites
Wise Trustpilot Reviews
| Review Score (out of 5) | Percent 5-Star Reviews | Percent 1-star Reviews | Total Number of Reviews |
|---|---|---|---|
| 4.20 | 83% | 7% | 207,506 |
Source: https://www.trustpilot.com/review/wise.com
Wise iPhone & Android App Reviews
| App Type | Review Score (out out 5) | Total Number of Reviews |
|---|---|---|
| iPhone | 4.80 | 85,400 |
| Android | 4.80 | 762,000 |
Source:
https://apps.apple.com/gb/app/wise/id612261027
https://play.google.com/store/apps/details?id=com.transferwise.android&hl=en_GB
Wise Basics
| Bank Type | Challenger |
| FSCS Protection | No, unless money is held in assets |
| Branch Locations | None, online only |
| Card Type | Visa/Mastercard |
| FCA Number | 900507 |
| Online Banking | Yes |
| Mobile Banking | Yes |
| In Person/Branch Banking | Yes |
Customer Support Options
| Phone Support Available | Yes |
| Email Support Available | Yes |
| Support Via Their App | Yes |
| Web Based Support | Yes |
| In person Customer Support | Yes |
Wise Business Account Types
| Business Current Account | Yes |
| Business Savings Account | No |
| Business Credit Card | No |
| Business Overdraft | No |
| Accounts For Startups | Yes |
| Accounts For Charities | Yes |
| Accounts For Sole Traders | Yes |
| Joint Business Accounts Available | No |
Opening A Wise Business Account
| Can You Apply Online? | Yes |
| How Long Does Opening An Account Typically Take? |
2 Working days |
| Do They Check Your Credit? | No |
| Current Account Switch Service | No |
Click to open a Wise Business Account
Wise Business Savings
| Types of Business Savings Accounts | BlackRock ICS Sterling Government Liquidity Fund |
| Lowest Savings Rate (AER) | 4.67% |
| Maximum Savings Rate (AER) | 4.67% |
| Minimum Savings Amount | £1 |
Please note these numbers were accurate at the time of publication, but may have since changed. Click to here to see current Wise rates
Wise Fees & Charges
| Free Business Bank Account | No |
| Free Business Account Term Length | NA |
| Cheapest Monthly Account Fee | Free |
| Most Expensive Monthly Account Fee | Free |
| Electronic Payment Cost (in/out) | 0.42% |
| Cash Payments Cost (in/out) | 2% / 1.75% |
| Cheques in/out | Unknown |
| CHAPS Payments Cost | £25 |
| SEPA Payments Cost | No |
Wise Foreign Currency Accounts
| US Dollar (USD) Bank Account | Yes |
| Euro (EUR) Bank Account | Yes |
| Interest Paid On Foreign Currencies | Yes |
Other Currencies Available:
- AUD – Australian dollar
- BGN – Bulgarian lev
- BRL – Brazilian real
- CAD – Canadian dollar
- CHF – Swiss franc
- CZK – Czech koruna
- DKK – Danish krone
- EUR – Euro
- GBP – British pound
- HKD – Hong Kong dollar
- HUF – Hungarian forint
- IDR – Indonesian rupiah
- INR – Indian rupee
- JPY – Japanese yen
- MYR – Malaysian ringgit
- NOK – Norwegian krone
- NZD – New Zealand dollar
- PLN – Polish złoty
- RON – Romanian leu
- SEK – Swedish krona
- SGD – Singapore dollar
Other Wise Business Services
| Business Loans | No |
| Commercial Mortgages | No |
| Invoice Financing | No |
| International Payments | Yes |
| Merchant Services | Yes |
| Card Machines | No |
| Free Accounting Software | Yes |
Click to visit the Wise website
For other business bank accounts see out guide here.
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