Wise business account
Wise’s business account, known as Wise Business, is an international account that allows businesses to receive, send, convert, and manage payments in multiple currencies. Wise does not offer separate plans, but one standard business account that can be expanded with additional features such as multi-currency accounts and payment cards. On this page, you will find an overview of Wise’s business account, including the costs, terms, and key features.
About Wise
Wise is a fintech company founded in 2011 in London, United Kingdom. The company offers international payment and account services for both personal and business customers. Wise operates globally and is supervised by various financial authorities, including the Financial Conduct Authority (FCA) in the United Kingdom and De Nederlandsche Bank (DNB) for activities within the Netherlands. In the Netherlands, Wise offers its services through an online platform and mobile application, where it operates as a digital money institution. As a result, it keeps customer funds separate from its own corporate funds, but balances are not covered by the deposit guarantee scheme. Wise focuses on international payments and managing multiple currencies within a single environment.
Wise business accounts
Wise offers one standard business account under the name Wise Business. This account is available for various types of businesses and can be expanded with features such as multiple currencies, payment cards and accounting integrations.
Wise Business
Costs per month: € 0.00
Customer due diligence costs per month: € 0.00
Cost per transaction: € 0.28 for a euro payment within the same currency; international payments from around 0.47% depending on route and currency
Time to open the account: 3–5 working days
Wise Business cost overview
Costs per month
Kosten klantonderzoek
Costs per transaction
Debit card costs per month
Debit card replacement fee (one-off)
Cost of an additional current account per month
Kosten eenmalige activering (extra functies)
Wise Business
€0.00
0
€0.00
€0.00
€0.00
€0.00
60
Please note: all rates mentioned are based on the most up-to-date data as of 10 October 2025. Depending on usage, additional charges may apply. Always consult the provider’s website for a complete and up-to-date overview.
Pros and cons of the Wise business account
Voordelen
Nadelen
Wise business account packages
Wise offers one type business account: Wise Business. This account is designed to support international business payments and can be used by different types of organisations, including sole traders, companies and foundations.
Wise Business
The Wise Business account offers the ability to receive, send, convert, and manage money in multiple currencies. Businesses can obtain local account details in, among others, euros (IBAN), US dollars, and British pounds.
This makes the account suitable for companies that do business internationally and want to make or receive payments in different currencies. The business account is also available for various legal structures, including freelancers, private limited companies and associations and foundations.
A one-off fee of €60.00 applies to activate all features, after which no fixed monthly charges are applied. Euro payments within the same currency cost €0.28 per transaction, and international payments have a variable fee starting from around 0.47%, depending on route and currency.
Overdrafts are not possible, and the service is provided entirely online in English. The account offers access to accounting integrations, batch payments, and the Wise Business debit card, which allows payments to be made from the available balance in the relevant currency.
FAQ
Frequently asked questions about the Wise business account
How long does it take to open a business account with Wise?
Opening a business account with Wise usually takes a few working days. After the business and identity details have been verified, the account is activated and features such as payment cards and local account details in multiple currencies can be set up.
How much does a business account cost with Wise?
Holding a business account with Wise is free of charge. No fixed monthly fees are charged. However, a one-off activation fee of €60.00 applies to unlock all features. Euro payments within the same currency cost €0.28 per transaction, and international payments have a variable fee from around 0.47%, depending on the selected currency and payment route.
How long does it take to apply for a business account with Wise?
Applying for a Wise business account is done entirely online and usually takes a few working days. The exact turnaround time depends on the completeness of the submitted documents, such as business registration and directors’ identity documents. Once verification is complete, the account becomes active and all features are available.
How do I close my Wise business account?
A Wise Business account is closed via the online platform once all currency accounts have been emptied and any remaining payments have been completed. Download your financial history in advance so your records remain complete. Read more at Closing a Wise Business account.
