Open Banking is a secure and convenient way of topping up your Wise account or paying for your GBP transfer. Open Banking was initiated by the Competition and Markets Authority (CMA) in 2017.
Wise has two pay-in Open Banking options right now: one-off payment and one or more pull of funds to Wise account. Pull of funds option can be set up by connecting Wise to your bank account in another bank.
Open banking one-off pay-in is more convenient than manual transfer because we will redirect you straight to your bank and you will have all payment details pre-filled. If you connect your bank account to Wise you won’t be required to login to the bank next time.
To make a one-off payment or to connect a bank account, all you have to do is log in to your bank, select which account you want to use and click to confirm. It’s completely safe and secure and will take only a few steps to set up.
How to use a one-off Open Banking payment
At the transfer type step select Transfer the money from your bank account
Choose the bank you want to send the money from
Click Continue to pay
You’ll be taken to your bank’s website, where you’ll need to log in. You may also need to complete 2-step verification (like entering a code sent to your phone or use a card-reader for your card to generate one-time code)
Pick which account you’d like to pay from and click to confirm
That’s it — we’ll do the rest
Your bank won’t share your log in details or any other information with Wise, you will simply send us a payment from your bank account in a secure and convenient way.
How to connect your bank to Wise via Open Banking
Choose Add Money on your GBP Account
At the transfer type step select ‘’Transfer the money from your bank account’’
Choose the bank with an account you want to connect
On Connect Account page choose limits of the connection
Click Go to Bank
You’ll be taken to your bank’s website, where you’ll need to log in. You may also need to complete 2-factor authentication (like entering a code sent to your phone or use a card-reader for your card to generate one-time code)
Pick which account you’d like to connect and click to confirm
That’s it — you connected your account and now you can use it to add money to your Wise Account
You can cancel this connection at any time in your Account Settings under Connected accounts. Your bank won’t share your log in details, account statements or any other information with Wise. Every time you choose to pay from a connected account you will simply send us a payment from your bank account in a secure and convenient way.
Paying with a QR code
If you’re using the Wise iOS app — we will automatically open your banking app to confirm your payment. We have created a similar experience for using your web browser, so that you don’t have to manually enter your log in details.
After you have selected your bank — choose the option to use the mobile app.
Click to generate the QR code.
Scan the code using the camera of your smartphone.
Your banking app will be automatically opened — log in as you normally would.
Pick which account you’d like to pay from and click to pay.
You also may be asked to log in to your Wise app to confirm the payment.
After you completed the payment, you will see its status both, on your browser and in the Wise app.
Limits to paying by Open Banking
Your bank will have a limit of sending a transfer online, they differ per bank but generally vary between £10,000 - £50,000. Some banks also have additional daily limits. Click here to find out your bank’s transfer limit.
If you try to top up your Wise account or pay for a transfer and an amount is higher than your bank’s limit, open banking won’t be available, instead we will guide you towards a manual bank transfer where you will be given guidance of how to pay for your transfer.