Maximise Your Year-End Multi-Currency Cash Flow

As the holiday season approaches, managing cash flow effectively becomes critical for business owners. The final months of the year can be make-or-break, with increased demand, last-minute sales, and the added pressure of preparing for the new year. Maintaining healthy cash flow allows you to seize opportunities while ensuring you have enough liquidity to cover operational expenses.

During the year-end, many businesses make large purchases to stock up on inventory for the holiday rush, which can strain cash reserves. Let’s explore how you can prepare your business for a strong year-end by enhancing your cash flow.

Multi-currency management with Wise Business

Boost your balance for the New Year with Wise interest feature

As the new year approaches, it’s the perfect time to set your business up for success and give your money a boost. With Wise, your business can do more than just send, spend, and receive currencies worldwide. Now, you can also grow your USD, EUR and GBP balances with our interest feature.

Want to give the money your business uses every day a boost? In just a few taps, eligible customers¹ can opt in to earn 4.44% annual percentage yield (APY)² on their USD, 3.32% on their GBP, and 2.01% on their EUR balances.

How Wise interest feature works

Your money when you need it
Opting into the interest feature doesn’t change how you can use your money — you can still send, spend and receive it like always. So whether you need to pay suppliers or the team, or are spending money on decorations for the festive seasons, you can do so while the interest feature is on.

Protect your balances
Eligible Balances combined will get up to 250,000 USD in passthrough FDIC insurance through our Program Bank³.

Opt out, anytime you like
And if at any point you change your mind about boosting your balance, you can opt out from our interest feature instantly, in just a few taps.

Wise’s interest feature is one of many benefits that help small businesses make the most of their money, whether it's earning interest on your balances or sending payments globally with mid-market exchange rates and low fees.

Learn more about the interest feature

Optimise Vendor Payments Across Currencies

As businesses prepare for the holiday season and end of year sales, optimising vendor payments across currencies becomes essential for maintaining competitiveness and profitability. Inefficient payment processes can lead to missed opportunities, increased costs, and strained supplier relationships, leading to issues in the new year. Let’s explore some key areas your business can optimise by the end of the year to address these quickly.

Leverage a Multi-Currency Business Account

Utilise your Wise Business account to hold and manage multiple currencies. Explore all key features of the Wise Business account and stay up to date with our latest recommendations on how to maximise your year-end multi-currency cash-flow on our Instagram account.

Avoid High Fees and Slow International Payments

Pay suppliers and contractors with your Wise Business account in their local currency and benefit from our mid-market exchange rate and low fees. Use Wise to make fast and efficient payments to your international vendors. This can reduce delays in receiving goods or services and help you maintain good relationships with suppliers. This is essential if you're planning on doing seasonal promotions or end of year sales.

Use Auto-Conversion for International Payments

Keep an eye on exchange rate trends and consider using the auto conversion tool in your Wise Business account, so you never miss out on a favourable exchange rate. This can help mitigate risks associated with currency fluctuations and maximise your cash flow ahead of the new year.

Use Wise’s Payment Tracking

Take advantage of Wise's tracking tools to monitor your payments. This feature can help you stay organised and ensure that all transactions are completed accurately and on time.

Multi-currency business account with Wise

Managing Foreign Exchange Risk

For businesses working internationally, managing foreign exchange risk is a crucial consideration as the year comes to an end. Currency fluctuations can impact the cost of goods and services you receive, as well as the value of payments you make or receive from international customers or suppliers. In a time of high sales activity, even small shifts in exchange rates can have a noticeable effect on your bottom line. Maximising end of year cash flow is therefore essential, whether that is through growing your business balances or managing FX risk.

¹ Feature not available to residents of New York or Alaska at this time. Please see eligibility criteria.

² Annual Percentage Yield (APY) - rates shown are true as of October 1, 2024. Program Agreement for details.

³ The current Program Bank is JPMorgan Chase Bank, N.A., see Appendix 1 of the Program Agreement for the most updated list of Program Bank(s). Eligible customers must opt in to the interest feature. Participants will have the balance of their USD funds held in their Wise Account “swept” into a Federal Deposit Insurance Corporation (“FDIC”) insured interest-bearing account at one or more participating banks (each, a “Program Bank”) that will hold and pay interest on the deposit funds. For a complete list of Program Banks, please see Appendix 1 of the Program Agreement. For more information on FDIC insurance coverage, please visit www.FDIC.gov. Customers are responsible for monitoring their total assets at each of the Program Banks to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. The Program is not intended to be a long-term investment option, checking or savings account, investment contract or security.
For customers opted in to receive interest on EUR and GBP balances, the FDIC passthrough insurance provided by our program bank is for up to the equivalent of $250,000 in total for your USD, EUR and GBP combined balance amounts (collectively, the "Eligible Balances")