Using a Business account to manage your finances can be costly, time consuming and complex. This is especially true if you're expanding overseas, which can mean paying international suppliers, freelancers and contractors, holding balances in multiple currencies or making it easy for customers to pay you wherever they are in the world.

That’s why we launched Wise Business - to make international payments fast, affordable, transparent and easy, so you can focus on building your business without borders. We’re trusted by over 300,000+ businesses who use us to manage their money and make payments in 40+ currencies to more than 160 countries.

We know that managing your business can get overwhelming at times, so we’ve picked out the top 3 features designed to help you take control of your business finances. With Wise Business you can save time and money with our market-leading multi-currency offering, boost your peace of mind with multiple user authentication and get your books balanced with integrated accounting software such as Xero and Quickbooks.

Let’s take a closer look.

Expand your business across borders

Making international payments can be challenging for businesses of any size. Traditional banking providers may not offer a wide enough range of currencies for your business needs, while the exchange rates they advertise often contain hidden fees and underlying costs, making this an added expense. Holding bank accounts in multiple currencies can often create reams of additional admin, too.

With Wise’s Multi-currency Account you can cut the complexity and hold money in 40+ currencies and send money to 160+ countries, as well as open account details and get paid like a local business in 9+ currencies including GBP, USD, and EUR - helping you to manage your business funds easily and efficiently.

Extra tools like batch payments also allow you to send up to 1,000 payments to suppliers, employees and contractors in just one click, in multiple currencies.

Find out more

Boost account security with tailored roles

At Wise we understand that protecting your business funds and valuable data - and effective delegation of tasks - are a key concern. So we built multi-user access to help you control who can access your account, authorise transactions and edit your Wise Business account data. We’ve created 5 tailored roles allowing you to assign responsibilities to team members.

💳 Employee: This role has the authority to use the Wise account to purchase supplies, without access to any sensitive financial information. The Wise debit card can be used for spending, but users won't be able to view business activity, balances, or individuals/organisations receiving money.

👀 Viewer: If you have an accountant or someone who only reports on your financial data, Viewer will be the right setting for them. Providing view-only access to observe transfers, batch payments, balances, users and recipients, they can also access transfer receipts, statements, invoices, transfer histories or request letters.

📝 Preparer: These employees are granted the same permissions as Viewers, plus the ability to assign recipients and set up transfer orders. However, we understand you may want to sign off their transfers, therefore approval from either an Admin or Account Owner is necessary, giving you peace of mind.

💸 Payer: The go-to role for financial managers and payment handlers. Not only do they have the ability to act as Viewers or Preparers but they can also cancel transfers, batch payments, manage recipients as well as handle currency conversions.

👩‍ Admin: The Admins hold nearly the same level of authority as the Account Owner. They have the same privileges as all of the roles above, plus they can open and close balances, manage Wise business debit cards and request updates to business information.

🧳 Account Owner: The account holder holds the highest authority and is able to perform all tasks in the account, such as transferring ownership and closing the Wise business account.

For more information on available access restrictions, click here.

Take control of your accounts with integrated software

As a Wise Business Account Owner, you can seamlessly integrate your account with leading accounting software programs including Xero and Quickbooks. These connections are designed to streamline financial administration and give you better control of your company's finances- as well as keep your accountant happy!

Here are some of the connections available for your Wise Business Account:

Xero

The Wise Business Account links easily with your Xero account and its integration gives you effective financial management. This allows you to bypass manual data entry and have the assurance that your book-keeping is up to date.

QuickBooks

Linking your Wise Business Account with QuickBooks is simple- giving you control over currency conversions and financial reporting. You can select which balances to sync and all new transactions will be automatically imported to QuickBooks on a daily basis, eliminating manual data entry and keeping your figures up-to-date.

FreeAgent

Connecting your account to FreeAgent allows you to seize control of the financial wellbeing of your company. All you have to do is select the bank account you want the feed for and you'll be on your way to effortless accounting.

Take charge of your business finances today with the Wise Business Account!

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