Wise Business
Multi-currency business accounts and international transfers.
- Countries served
- Worldwide
- Languages
- English
- Last reviewed
- 2026-10-31
Overview
Wise Business provides a specialized banking platform designed for companies operating across international borders. The service enables businesses to manage multiple currencies within a single account, facilitating global payments and receivables. It serves as an alternative to traditional banking for organizations requiring frequent cross-border transactions and transparent exchange rates.
Products and services
- Multi-currency business accounts
- International money transfers
- Business debit cards
- Batch payment tools
- API integration for financial workflows
- Local account details for receiving funds globally
Business problems addressed
- High fees associated with traditional international bank transfers
- Slow processing times for cross-border payments
- Difficulty in holding and managing multiple foreign currencies
- Complexity in reconciling international transactions
- Lack of transparent exchange rate pricing
Key benefits and capabilities
- Real-time exchange rate tracking
- Mid-market rate currency conversion
- Integration with accounting software like Xero and QuickBooks
- Multi-user access management for teams
- Automated invoice payments
- Instant local currency account opening
Frequently asked questions
- Does Wise Business function as a traditional bank?
- Wise is an electronic money institution, not a bank, though it offers features similar to business bank accounts for holding and transferring money.
- Can I integrate Wise with my current accounting software?
- Yes, Wise Business offers direct integration with major accounting platforms such as QuickBooks, Xero, and FreeAgent to automate financial records.
- What currencies can I hold in my business account?
- Users can hold and manage over 40 different currencies within a single Wise Business account.
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