Personal Finance

Do I need a Wise Account to receive money?

Gabriela Peratello

12.05.23 (updated more than 1 year ago)

Read time 3 minutes

Wise payments can be sent globally, with low fees and the mid-market exchange rate. But can you get paid via Wise without opening a Wise Account yourself?

The good news is that you can receive a Wise transfer to your normal bank account — which means there’s no need to open a Wise Account if you don’t want to.

This guide covers what information you’ll need to give to the person sending you money. Plus, we’ll also look at how to find your account receiving money information in Wise, in case you’d prefer your payment to be deposited to your Wise Account directly.

Do you need a Wise Account to receive money?

You do not need a Wise Account to receive money. In fact, all you need is bank details for the currency you want to receive a payment in, and your Wise transfer will be securely deposited to your normal bank account for convenience.

Send money with Wise

How can you receive money without a Wise Account?

Wise payments can be sent to bank accounts in 80+ countries around the world.

If someone needs to send you money all you’ll need to do is give them your bank details — much the same as when you receive any other transfer.

What information do you need to provide to receive money via Wise?

To receive a payment via Wise you’ll need to give the sender some important details to process the transfer.

Exactly what’s needed may vary a little depending on where the sender is, and the value of the transfer. But usually you’ll be asked for:

Your full name as shown on your bank account

Your bank account number and routing information

Your bank’s name and address

As an alternative, if you do happen to have a Wise Account already registered, your sender can process your payment using just the email associated with your Wise Account. That’s easy for them and means there’s no need to pass on sensitive banking information.

How can you receive money in your Wise Account?

So, you don’t need a Wise Account to receive a Wise payment. However, you might find it’s convenient to have a free to open Wise Account if you get paid from abroad regularly.

With a Wise Account you can open a currency balance in any of up to 10 supported currencies, and get paid directly to Wise using your Wise Account details.

For US customers, this means you can receive money in US, Canadian, Australian, New Zealand or Singapore dollars, British pounds, euros, Hungarian forint, Turkish lira or Romanian lei¹.

It’s free to receive a payment to Wise in USD if you’re sent an ACH, or there’s a low fee of 4.14 USD to receive a USD wire. All other supported currencies are free to receive to Wise².

Because Wise lets you hold and exchange 50+ currencies, and spend easily with a linked Wise card, you’ll be able to get paid from around the world, and hold or spend your balance easily whenever you want to.

That means you don’t need to have to switch back to USD right away if you receive a foreign currency payment. You can hold your funds in the currencies you prefer, spend later, or switch when the rates look good, using the mid-market exchange rate and Wise’s low fees from 0.41%.

Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information

Find and share your account details

Here’s how to find your Wise Account details for any of the 10 supported currencies, so you can get paid easily from around the world:

1. Log into Wise online or in the Wise app

2. Tap on or open a currency account in the currency you want to receive money in

3. Click Get account details and follow the prompts if you need to get verified

4. Share these account details to the person sending you money

5. You’ll receive the money right into that currency account in your Wise Account

Sending a payment with Wise is easy. And receiving a Wise payment is even easier. Just make sure the person sending you money has all your normal banking details, and your money will be deposited right into your bank account for convenience.

Or if you’re registered with Wise yourself, you could get paid using just your email address — either to your normal bank or to your Wise local account details. Simple.

Sources:

Wise — how do I receive money?
Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information

Sources checked on 04.27.2023

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.