If you need to make transfers or pay invoices from your business account, the tips below should assist you in making sure your money arrives safely and your recipient gets the exact amount they need.
Adding a reference
When creating a transfer with us, we give you the option to add a reference in Step 4 of set up. For a lot of business transfers, this reference is crucial, so please check the table below to see the limitations on references in our receiving currencies.
| Currency | Reference length allowed | Reference sending method |
|---|---|---|
| GBP | 18 characters | Sent with bank transfer |
| USD | 10 characters | Sent with ACH transfer |
| EUR | 35 characters | Sent with bank transfer |
| INR | 16 characters | Sent with bank transfer |
| PLN | 35 characters | Sent with bank transfer |
| CHF | 50 characters | Sent via email only |
| DKK | 35 characters | Sent with bank transfer |
| NOK | 35 characters | Sent with bank transfer |
| SEK | 12 characters (25 characters with Bankgiro payment) | Sent with bank transfer or Bankgiro |
| AUD | 18 characters | Sent with bank transfer |
| NZD | 12 characters | Sent with bank transfer |
| CAD | 50 characters | Sent via email only |
| BGN | 35 characters | Sent with bank transfer |
| CZK | 25 characters | Sent with bank transfer |
| GEL | 35 characters | Sent with bank transfer |
| HUF | 35 characters | Sent with bank transfer |
| RON | 30 characters | Sent with bank transfer |
| HKD | 50 characters | Sent via email only |
| IDR | 35 characters | Sent with bank transfer |
| KRW | 35 characters | Sent via email only |
| MYR | 35 characters | Sent with bank transfer |
| PHP | 35 characters | Sent with bank transfer |
| SGD | 25 characters | Sent via email only |
| THB | 50 characters | Sent via email only |
| AED | 35 characters | Sent via email only |
| COP | No reference | As recipients in Colombia must fill in a form to receive payment, any recipient would be aware of your incoming transfer |
| LKR | 35 characters | Sent via email only |
| MAD | 50 characters | Sent via email only |
| MXN | 100 characters | Sent with bank transfer |
| ZAR | 18 characters | Sent with SWIFT transfer |
| VND | 35 characters | Sent via email only |
| JPY | No reference included |
Sending an exact amount
There are 2 ways to send an exact amount with Wise.
1. With our guaranteed rate feature. As long as we receive your money within a specified amount of time, then the rate you saw when creating the transfer is the rate you’ll get.
Amount lock transfer. Enter the amount you want your recipient to receive, and click the lock icon in the ’Recipient gets’ box.
We then take an extra 3% on top of your deposit to cover any rate changes while we’re converting your money. As soon as we pay it out, we pay you back any of that 3% that we didn’t use during conversion and your recipient receives the exact amount you specified.