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Why do I need to verify my business?

Verification is one of the ways we keep your business’s money safe, and comply with the financial regulations in the countries that we operate in.

That’s why, when you open a business account, we may ask you for a few documents or to confirm your details on a business registry. This helps us verify who you are, that your business is currently trading, and it meets our acceptable use policy. Think of it like opening a bank account — except that with Wise you can do the whole thing online, quickly and easily.

Ready to open your business account? Read our guide to getting verified.

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Wise is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011, Firm Reference 900507, for the issuing of electronic money.