7 Reasons to Upgrade your Business Account (US Customers)

At Wise, we understand that doing business overseas doesn’t necessarily mean flying to meet new clients in London or sampling new products in Singapore. It can also mean selling goods to overseas customers via e-commerce, running busy warehouse operations or providing valuable consultancy services online.Whatever line of business you’re in, Wise can support your ambitions to grow across borders.

As a US essential features customer, we know you’re familiar with the fast, transparent and low-cost payments that Wise is known for. We’re proud that 16 million consumers and businesses trust us with their international payments in 40+ currencies and 160+ countries.

But we’re not just about sending and spending money - we also make it easier for businesses to get paid by their customers around the world. And that’s where our ‘All banking features’ option comes in.

For a one time fee of 31 USD you can upgrade your account to take advantage of a whole range of benefits to help your business expand internationally, from getting paid in multiple currencies to setting up direct debits.

We’ve put together our list of the top 7 advantages of upgrading your account today.

Upgrade your account

1. Get paid in 8+ currencies

When selling to overseas customers and clients overseas it’s essential to make it easy for them to pay you in the currency that works for them. But it’s not always so easy to set up a business account in multiple countries you sell to - especially if you run an online business with customers around the world.

To help you cut down on the hassle of opening a bank account overseas, we’ve made it possible for upgraded Wise Business customers to access account details in 7+ major global currencies including, CAD, EUR and GBP with no local address needed.

For a one time fee of just 31 USD account you can access routing numbers, IBANs and account details to share with customers and clients so you can get paid like a local business. It also means you can offer your customers a more seamless payment experience, without the need to convert money to other currencies to pay you while risking hefty bank transaction fees in the process.

See our help center for more information on the currencies available and how to access them within your Wise account.

2. Withdraw from global platforms

As your business grows, you may find yourself juggling multiple income streams from a variety of online platforms such as Amazon, Stripe or Upwork.

An upgraded account enables you to withdraw earnings in different currencies directly into your Wise Business account from a whole range of major online platforms and e-commerce marketplaces. Plus, by linking your account you can ensure the money you're receiving is converted into the currency your business needs with transparent pricing and low fees.

You can learn more about receiving money from Amazon here, and see our separate pages for how to receive local currency payments from Shopify,,Stripe, Upwork, Etsy and GOAT.

3. Invoicing with Wise

Create professional invoices for free and send them directly to your clients from within your Wise Business account. Whether you're billing a client for a freelance project or a customer for a product sale, invoices make the payments process seamless.

Create professional invoices in just a few clicks from within your Wise Wise Business acccount.

Your customers don’t need to use Wise to pay you. There are multiple ways they can pay an invoice, including via bank transfer or debit/credit card. However, the fastest, cheapest way for them to pay is from a Wise balance.

• Choose ‘Payments’ from your homepage or click 'Request'
• Select ‘Invoices’ and then ‘New invoice’
• Choose how to get paid
• Pick a currency and a payment method
• Preview the invoice before you download it or send it directly from within your account
• Get paid into your local account details

Create an Invoice

4. Quick Pay

Get paid easily from anyone, anytime. With Quick Pay, getting paid is faster and more cost-effective than you’d imagine.

No need to constantly update a link or share your account details. Create your unique Quick Pay link and QR code once, and use it to receive payments over and over. Customers can use it to pay you easily, and if they use Wise to do it, you’ll pay no fees to receive the money.

5. Earn 4.44% APY * on USD balances

We know that many businesses are working hard to balance rising costs as economic headwinds continue to bite.

That’s why we made it possible for eligible** US-based business customers to earn 4.44% annual percentage yield (APY) on their USD balances.

By opting in to earn interest on your USD balance, you can also benefit from the added security of up to $250,000 in passthrough FDIC insurance on your USD Balance from our Program Bank.*** And we’ve also recently added the option for eligible US customers to earn interest on their balances in GBP and EUR.

Customers who opt-in will keep the flexibility to send, spend and receive the money within their Wise account with instant access to funds.

Learn more about earning interest on USD

6. Set up direct debits for recurring payments including subscriptions and bills

As a business owner, you’ll already be aware of the importance of subscriptions for services like cloud storage, design software, phone services and HR platforms. With an upgraded account, you can open account details in any of the 7+ currencies available and share these with your provider for seamless direct debits paid directly from your balance in the right currency. You can add money to your multi-currency balances and leave us to do the conversion for you with transparent pricing and low rates.

And, if you have other fixed recurring costs such as rent for your business premises or co-working space, you can use your Wise account details to pay for these too via direct debit, so you won’t have to worry about missed payments.

7. Integrate with accounting software

Having a 360 view of your business finances is essential for smooth operations - and your peace of mind. Upgraded customers can sync their Business account with leading accounting softwares including Xero, Quickbooks, Sage and FreeAgent.

Once your account is synced you can seamlessly track transactions such as incoming payments from customers and clients and outgoing payments to suppliers and team members in 40+ currencies, saving you time and taking some of the hassle out of financial reporting. Learn more about accounting software integrations.

These are just a few of the benefits of upgrading your account and opening a balance (or multiple balances) with Wise Business. Our easy-to-use mobile and web app enables you to send, spend and receive in multiple currencies while managing your cashflow on the go.

Upgrade features are available for a one-time fee of 31 USD with zero ongoing subscription charges. And you will still benefit from our transparent pricing, low currency conversion fees and fast business payments in 40 currencies to 160 countries around the world. Open a balance today and take your business to new places with Wise Business.

Upgrade account for 31 USD

*Annual Percentage Yield (APY) - rates shown are true as of 01/01/2024. See Program Agreement for details.

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

*** 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”).