Discover how Wise compares to 5 major Japanese banks and Revolut, offering savings of up to 6x on international transactions.
Good news, America, from today, you can now directly link your Wise account to your US bank, brokerage, trading platform, credit card provider, PayPal, and many other services — and automate your payments through direct debits. Which are absolutely, 100%, Totes McGotes free.
No more big fees to pay your bills. No more lousy conversion fees.
Right now, it's available only for US residents. We’re soon launching for everyone outside the US in the coming months, join the waitlist here.
Direct debits are when you link your account to another service and give them permission to debit money straight from your account.
With direct debits, you can set up automatic payments to your Amex, Chase, or any other card program and avoid those pesky late fees.
And if you frequently move funds to a US bank or savings account, you can avoid the hassle of doing it manually each month and set up a recurring debit from your Wise account.
Paypal, investment apps, and other online services let you add funds using a card or wire transfer, but these often carry hefty fees. Linking your account and adding funds with direct debits is completely free. A penny saved is a penny earned!
Direct debits are also great for online bill paying.
Once you link your account to another provider, like Verizon, T-Mobile, or most anyone else, you won’t need to do it again; you’ll be able to set up future payments with a few clicks.
You can also set up recurring debits, where the payments will be automatically taken out on a schedule — no clicks needed. You just set it and forget it. Many providers even offer discounts for setting up automated payments.
- Go to your account and add USD as a balance (if you haven’t already).
- Click Get bank details.
- Log in to another service you’d like to link to Wise.
- Follow their steps to link to an external account. You’ll have to enter your USD balance account number and ACH routing number. Make sure to choose “Checking” as the account type.
- The service will then send 1-2 micro deposits (small amounts) to your Wise account. (Note that your Wise account might show up as “Community Federal Savings Bank” in their system.)
- Wait for the micro deposits (1-2 small amounts) to appear in your balance, then confirm them to finish linking your account.
- When it’s time to make a payment, choose your Wise account. (Or “Community Federal Savings Bank”, as we mentioned in step 5.)
- We’ll take care of the rest.
Happy sending, spending, saving, and now debiting!
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.
Detailed research by Wise reveals substantial savings compared to Singapore banks and services like Instarem, Revolut, and Youtrip by EZ link.
Discover how Wise outperforms 5 major New Zealand banks, PayPal, and Western Union, offering savings of up to 6x on international transactions.
There should be nothing to hide Sending money abroad is a big deal for many Brazilians living international lives. You might be supporting your family,...
Hidden costs in international payments: The overlooked junk fee that’s burning a hole in Americans’ pockets
“Junk fees” were certainly a buzz word of 2023, as the Biden Administration announced a crackdown across industries to protect American consumers. The White...
Introducing GBP and EUR Interest for US Customers