Q2 2022 Mission Update

2,500 more of you a month are successfully linking your US bank accounts to Wise to fund transfers or top-up your balance. We improved our bank search, added new banks, and now give you options for how you want to verify your account ownership.

Link your bank account to Wise once to pay for transfers from Singapore instantly. It’s completely secure and powered by eGIRO. To link your bank to Wise, you just need to log into your bank account and authorise it. From then on, anytime you send money from SGD or top up your balance you'll never have to leave the Wise app.

We have lowered the fees for very high amounts so it now costs 0.1% when you convert over £2m to GBP, EUR or Canadian Dollars (CAD) with your Wise account. Conversion limits to CAD have now increased to 8m.

We’ve optimised and streamlined the checks we do on large transfers to keep your money moving safely and quickly. On average, it now takes six hours less than before to send large amounts of money with Wise.

We’ve boosted the number of passports we’re able to verify on the first try using the new Assisted Image Capture to give immediate feedback to ensure you submit images that capture all the requirements. It’s helped more than 2,000 a month get their passport accepted on the first try.

When you send money to someone new, we’ll now ask you to verify your identity via a text or push notification. Don’t worry - you’ll only have to do this once per new recipient.

When you send money via Weixin, you will now receive email and push notifications containing the unique link your recipient needs to accept your transfer. As a result, 15% more payments are now successfully received in China.

If you’re a US single-shareholder business you can now get a digital card so your team can pay business expenses online, or with Apple Pay or Google Pay, without foreign transaction fees. Log into your Wise Business account, and go to the cards tab to request your digital card details from your desktop, or from inside the Wise app.

Use the Wise mobile app to manage your employee's spending; change spending limits, block individual team members' spending, switch off ATM withdrawals, and disable the ability to create digital cards.

You can now set up a 2-admin approval process for payments above a certain threshold. Head to Account, and then Limits & Controls to set up new approval rules. It’s currently only available on desktop or web on your mobile, coming to the app soon.

Previously, you could only add CSV files but, as requested, we now accept Excel (xslx) file uploads. Try batch payments here.

We’re trialling a feature that will allow you to request that UK and European customers pay you using their VISA or Mastercard (as well as bank transfers). If you want to try it out, you can sign up here.