Groups give you control over how you separate your funds, and let you manage how your team members access and spend from those funds. Money in groups is kept separately from your main balances — known as your Main Group.
As a business account Owner or Admin, you can create a group for anything that you’d like to separate funds and manage team expenses for. Once you create a group, you can add the employees who you’d like to be able to order a card and spend from that group. You can also hold multiple currencies to spend from within one group.
You can use groups to:
separate expenses for different teams at your company
create a pool of money for an event for your team to spend from
separate money to pay specific suppliers
control who can spend from which group
Groups is currently available for businesses in:
The European Economic Area (EEA)
How is a group different to my Main Group?
Main Group refers to the main balances and Jars in your business account, which are separated by currencies. You have one main balance per currency. If you use groups, nothing changes with your Main Group, and you can continue using your existing balances.
The default currency for your Main Group is set by the address on your profile. So if your address is in the UK, then your default currency will be GBP.
What can I do with groups?
|Receive money with account details
|Hold money as Assets
|Spend with the Wise card
|Change team member permissions to spend from allocated pools of money
Who can access my groups?
Only team members with Admin or Employee roles can access your groups.
Create, edit and close groups
View, add and close balances within groups
Add and withdraw money to/from groups
Add and remove team members to groups
Order and spend with digital cards linked to groups
View all cards and transactions made by all team members within a group
Download statements for each balance within a group
Employees who’ve been added to groups can:
See the total amount of money and view their own transactions for groups they’ve been added to
Order and spend with digital cards linked to the groups they’ve been added to
Some of these features are only available on the web. We’re working on making them available on the app soon.