Wise provides a comprehensive international account designed to simplify global money management for both individuals and businesses. Supporting over 160 countries and 40 currencies, the platform enables users to send, spend, and receive money worldwide with significantly lower fees compared to traditional banking services. Wise is committed to transparency, utilizing the real mid-market exchange rate without hidden markups, and charging transfer fees as low as 0.1%.
Key features for personal users include:
- International Money Transfers: Facilitate quick and affordable cross-border money transfers, often resulting in savings of up to 2x compared to conventional banks. The platform offers guaranteed exchange rates for a specified period, ensuring cost predictability.
- Multi-Currency Account: Hold and manage funds in more than 40 currencies, making it an ideal solution for international travelers, expatriates, and anyone involved in global transactions.
- International Debit Card: Use the Wise debit card for online purchases, in-store payments, and cash withdrawals in 231 countries without incurring foreign transaction fees, directly from your multi-currency balances.
- Fast Receiving: Easily receive payments in 21 different currencies by utilizing local account details, mimicking the functionality of a local bank account.
- Earn Returns: Users have the opportunity to earn floating returns on balances held in SGD, GBP, EUR, and USD, with no minimum investment required (note: investments carry inherent risks, and growth is not guaranteed).
For businesses, Wise offers a robust international business account specifically tailored for startups and rapidly expanding enterprises. This account empowers businesses to make and receive payments in over 40 currencies, efficiently manage team finances, and seamlessly integrate with various accounting software solutions. Over 700,000 businesses globally leverage Wise to support their international growth. Additionally, the
