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Wise

Multi-currency account with mid-market-rate international transfers.

4.6
(33 reviews)
Visit Website
  • PriceFree account – transfer fees
  • Founded2011
  • HQLondon, UK
  • Employees5,000+

About Wise

Wise moved 100B+ across borders on one promise: the real mid-market exchange rate plus a transparent small fee. Local account details in 9+ currencies and a low-fee debit card make it essential kit for freelancers, expats, and travelers.

Key Features

  • International transfers to 70+ countries
  • Multi-currency balances
  • Local USD/EUR/GBP details
  • Travel debit card
  • Business accounts

Pros & Cons

Pros

  • True mid-market exchange rates
  • Fees shown upfront, always
  • Local details in 9+ currencies

Cons

  • No cash deposits
  • Not a full bank (e-money)

Frequently Asked Questions

How cheap is Wise really?
Typically 0.3-1% total versus 3-6% hidden in bank rates.
Is Wise a bank?
Regulated e-money institution – funds safeguarded, not deposit-insured.
Can I receive like a local?
Yes – personal USD, EUR, GBP account numbers included.

Reviews

4.6

33 reviews

Write a review


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Best For

Anyone earning, sending, or spending across currencies.

Use Cases

Sending international transfers at the real mid-market exchange rate
Holding and converting 40+ currencies in one multi-currency account
Getting paid like a local with account details in 9+ currencies
Spending abroad with a debit card that auto-converts at low fees
Paying overseas contractors and suppliers as a business

Pricing Details

Wise has no monthly fees for personal accounts. Transfers cost a transparent 0.3–1% depending on currency route — always shown upfront at the mid-market rate with zero markup. The debit card costs a small one-time fee, includes some free ATM withdrawals monthly, and holding balances across currencies is free.

Security & Trust

Wise is regulated in every market it operates (FCA in the UK, FinCEN in the US), safeguards customer funds in segregated accounts at major banks, and secures logins with two-factor authentication and biometrics. It is a licensed money transmitter rather than a bank — balances earn protection through safeguarding, not FDIC insurance by default (US customers can opt into insured cash programs).

Alternatives To Consider

Revolut bundles similar multi-currency features with budgeting and crypto in a slicker app, though exchange markups apply on weekends. Remitly and WorldRemit compete on cash-pickup remittance corridors. PayPal/Xoom is more expensive but ubiquitous. Banks remain the worst-value option for most international transfers.

Editorial Verdict

Wise is the best way to move money across borders — genuinely transparent pricing at the real exchange rate that banks and PayPal cannot touch. The multi-currency account is essential kit for freelancers, expats, and remote workers. It does one job with total clarity, and that job matters.

Sources & Review Notes

Last reviewed: July 26, 2026