TransferWise for Business bank details will cost US$31 from June 3rd


Until now, we’ve been offering business bank details to our customers for free.

From June 3rd, there will be a small, one-time fee to get your bank details to receive payments into your TransferWise for Business account.

We believe you should only pay for the services you use

Which is why we don’t ask you to pay monthly fees or have a minimum balance to use your account.

We also will not charge you to receive payments per transaction. This is a one-time fee only.

We also believe in radical transparency

We want to be very upfront about what this fee is paying for.

It’ll help us cover onboarding costs (verifying your business🔒) and providing you with customer support (someone to help when you need it💚).

It’s still free to hold money in 50+ currencies

You can still open and hold money in any of 50+ balances for free. And you can exchange currencies at the usual low cost fee, at the real exchange rate.

This is a one-off fee only to get bank details for five currencies: USD, GBP, EUR, AUD and NZD.

This charge will not apply to your personal account.

This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from Wise Payments Limited or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.

Money for here, there and everywhere

Find out more

Tips, news and updates for your location