Wise Expands in Brazil with New Payment Institution License
We have some excellent news to share: we’ve received our second licence from the Central Bank of Brazil, this time as a payment institution. Until now, we...
From 16th June, Wise Business bank details will cost £16 in the UK and €23 in Ireland
Until now, we’ve been offering business bank details to our customers for free.
From June 15th, there will be a small, one-time fee to get your bank details to receive payments into your Wise Business account.
We believe you should only pay for the services you use
Which is why we don’t ask you to pay monthly fees or have a minimum balance to use your account.
We also will not charge you to receive payments per transaction. This is a one-time fee only.
We also believe in radical transparency
We want to be very upfront about what this fee is paying for.
It’ll help us cover onboarding costs (verifying your business🔒) and providing you with customer support (someone to help when you need it💚).
It’s still free to hold money in 50+ currencies
You can still open and hold money in any of 50+ balances for free. And you can exchange currencies at the usual low cost fee, at the real exchange rate.
This is a one-off fee only to get bank details for five currencies: USD, GBP, EUR, AUD and NZD.
This charge will not apply to your personal account.
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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