1. Create your Account – Head over to Wise.com here to start your application

2. Activate your Account – Once your account has been created go to ‘Balances’ and activate whichever currency account details you wish

3. Provide your ID – You will need to provide some ID information and potentially some other documents to verify your identity and other business information. 

4. Verify your Account – You will also need to pay the one-time fixed fee for opening your required local currency account details. You can pay using debit or credit card . Your account will then pend verification from the Wise team. This can take up 3- 5 business days but is usually much quicker. You may also need to provide information on your actual business operating address if using a virtual address service. You will receive an email once your account has been verified.

There’s a small fixed fee to withdraw funds from your Wise for Business account to another account in the same currency.
This is the lowest we can charge to cover costs, and we’re committed to getting the fee down over time.
We use the real exchange rate plus a small conversion fee when you convert a balance in your account to a different currency.. A full list of our currencies and pricing is available​ ​here →

It’s free to set up your Wise for Business account. There’s a cheap, transparent fee to convert between currencies — either in your account or if you spend on your TransferWise Business Mastercard® in a currency you don’t have in your account.

If you want to get international bank details, there’s a one-time £16 fee (or equivalent), and it’s free to receive money using your account details.
When you convert money in your account it’s always with the real exchange rate, and you always see our low, transparent fee up front so there’s never any surprises. And if you spend on your Business Mastercard in a currency you don’t have, it auto-converts the balance with the lowest fee, so you never have to worry. 

TransferWise is regulated by the Financial Conduct Authority (FCA) in the UK and EEA, the Financial Crimes Enforcement Network (FinCEN) in the US, the
National Bank of Belgium in Belgium, and many other ​regulators around the world​. The address on your Wise account determines which regulator
you’re covered by. These agencies are there to protect you. And they make sure that we’re always acting honestly and fairly.

Wise is required to safeguard your money at leading financial institutions (such as JP Morgan and Barclays). Customer money is held in separate accounts from Wise’s money and in the unlikely event that something were to happen to Wise your money would be returned to you.