Wise Business: fees, features and catches
Important: This guide provides general information, not personalised financial advice. Financial products, rates and eligibility rules can change, so check the provider’s current terms before applying. You can check a firm’s details on the FCA Register.
Quick answer
Wise Business has a one-off 50 GBP set-up fee and no subscription, as of 4 October 2026. Conversions and transfers cost from 0.24%, varying by currency, with volume discounts for large conversions.
It suits businesses that pay suppliers or get paid in other currencies. Like Wise personal accounts, money is safeguarded rather than FSCS protected.
Who it’s for
- Businesses that pay or get paid internationally
- Freelancers with overseas clients
- Teams that need cards and accounting integrations
Who should skip it
These are general points to weigh up, not advice. You may want to look elsewhere if:
- You only bank in pounds — a free UK business account may cost less
- You need FSCS deposit protection, cash deposits or an overdraft
Wise Business fees
| Item | Fee |
|---|---|
| Set-up | 50 GBP one-off |
| Sending and converting | From 0.24%, varies by currency |
| Holding money | Free |
| Card spending in the same currency | Free |
| Cash withdrawals | Free up to 250 GBP a month, then 2.69% |
Figures as of 4 October 2026, taken from the provider’s own website. Rates and fees can change.
The catch
Receiving USD wires and Swift payments carries fixed fees per payment. Check the pricing page for your currencies.
Check Wise Business pricing.
These go straight to each provider’s own website. They aren’t referral links and we don’t earn from them.
FAQs
How much does Wise Business cost?
A one-off 50 GBP set-up fee, then you pay per transaction.
Is Wise Business FSCS protected?
No. Wise safeguards customer money instead.
Can I connect accounting software?
Yes, Wise Business lists accounting integrations.
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