When you sign up for a Wise Business account, you may or may not have a personal account attached to it. You can close just the business account, or both the personal and business accounts.
What you can do before closing your account:
We recommend completing these steps so that you have everything you need before your account is closed.
Withdraw all money left on the balances
Download your transfer receipts and balance statements
Disconnect from all accounting platforms (e.g. Xero)
Switch all your money to cash and wait until fees are taken
Complete or cancel all pending transactions
How to withdraw money:
From Home, click on any balance with money in it
Click Send
Choose the bank account you want to send the money to
When asked how much you’d like to send, choose Send it all
Click Confirm
How to close your account:
Go to settings on the website (not available in the app)
Click Close your account and follow the prompts to confirm the account closure
Once your account is closed, you won't have access to any of the activity or account statements on it anymore.
What to do if your business has become insolvent
If your business has gone bankrupt or entered the insolvency or liquidation proceeding, share our email thirdpartyrequests@wise.com with your liquidator or the insolvency administrator.
When they reach out to our team, we’ll act in accordance with their instructions. Your Wise Business account will be deactivated and the remaining funds will be transferred to the details specified by your liquidator or insolvency administrator.