Wise Business

Name: Wise Business
Brand: Wise Business

Wise Business – formerly TransferWise for Business – offers companies a multi-currency account to receive, hold, and send payments worldwide in numerous currencies

Wise Business – formerly TransferWise for Business – offers companies a multi-currency account to receive, hold, and send payments worldwide in numerous currencies.

BenchTrust Score:66/100

Independent B2B performance index (0–100 points). It is calculated mathematically and without subjective influence from four verified pillars: company stability, aggregated feedback from publicly available online sources, documented compliance certifications, and operational transparency. Comparable with other software providers.

BenchTrust Index weighting: Company stability 25 points · Customer reviews 30 points · Compliance & security 25 points · Transparency 20 points. Without reviews a neutral average is used; a few reviews move it only slightly

Review data basis: G2 (96)

BenchTrust takes the average rating and review count from the review platforms listed. BenchTrust does not itself verify whether individual reviews come from actual customers; according to the platforms, they apply their own verification procedures.

Overview

Wise Business – formerly TransferWise for Business – offers companies a multi-currency account to receive, hold, and send payments worldwide in numerous currencies. Businesses receive local bank details in several countries, including IBAN and local account details, and can make international transfers at transparent exchange rates close to the mid-market rate. Card features, batch payments, and support for global supplier and customer payments are at the core. The solution is particularly suitable for export and import companies, online retailers, SaaS businesses, and service providers with an international customer base. Payment workflows can be automated via APIs and integrations with accounting systems, such as for recurring invoices, salary payments to international employees, or mass payments to marketplace partners. Transactions are clearly broken down, ensuring that fees and exchange rates remain transparent at all times. Wise Business thus serves as a central building block for global business banking, either supplementing local accounts or acting as a standalone solution. Companies benefit from a clear interface, detailed reports, multi-user access, and granular permissions to control international payment flows in a secure and efficient manner.

Core features

Business account with the ability to hold and manage money in over 40 currenciesCore

International transfers to over 160 countries

Local account details (e.g., account numbers) in multiple currency zones to receive payments like a local account

Wise Business debit cards for corporate use at home and abroad

Ability to issue multiple company cards for team members

Real-time exchange rate (mid-market rate) for currency exchange

Transparent display of fees before making a transfer

Web platform for managing the Wise Business account

Mobile apps (iOS and Android) to manage the account and cards (linked/mentioned on wise.com)

Batch payments (mass payments) for businesses

Own account details for receiving payments in multiple currencies (e.g., account numbers, IBAN, or similar local data)

Expense control through company cards and limits

Ability to receive payments from international marketplaces and customers

Support for multiple users/roles in the business account (team access) – as described on the business page

Online registration and verification of the company

Security features such as 2-factor authentication (as described on the security/help pages of wise.com)

Integration of Wise Business with accounting or business systems via provided interfaces, as explicitly described on the business product page

Compliance & security

No verified certifications (such as ISO 27001 or SOC 2) are currently listed for this provider. Information about compliance with standards such as GoBD or GDPR may still be available.

Ask the AI assistant on this page for current compliance and security details. It researches live information from publicly available sources.

Contact the provider

wise.com

Supported languages

AI assistant for Wise Business

Ask about features, integrations, data protection or onboarding – answers in seconds.

Answers are based on the website and documents of Wise Business.

💬 Customer feedback summary

80% mention this

International transfers & multi-currency capability

75% mention this

Fee structure & exchange rate (value for money)

60% mention this

Usability of app & platform (onboarding, operation)

55% mention this

Speed & reliability of transactions

Summary of customer feedback

Customer reviews for Wise Business are predominantly positive: the low, transparent fees, the real exchange rate, and fast, reliable international transfers with multi-currency accounts are particularly praised. Key strengths include the excellent value for money on foreign payments, the simple, modern usability (app/platform), and business features such as holding multiple currencies, mass payments, and integrations with accounting tools. More critical feedback focuses on minor issues such as limitations with local bank details, a partial lack of traditional banking services, and occasional support delays, making Wise Business less of a full-service primary bank and more of a highly attractive supplement for freelancers, the self-employed, e-commerce merchants, and internationally active SMEs with high volumes of foreign currency transactions.

AI-generated summary

📰 News & community feedback

🚀 Product updates & press releases

•

transferwise news product update(Jun 2026)

Source: Publicly available product updates or press releases from Wise Business.

Back to overview