Having GBP details allows you to receive not only domestic GBP and international GBP payments via Swift, but also to receive 22 other currencies by Swift: AED, EUR, USD, AUD, BGN, CAD, CHF, CZK, CNY, DKK, HKD, HUF, ILS, JPY, NOK, NZD, PLN, SEK, RON, SGD, UGX and ZAR.
Receiving payments internationally via Swift means that the sender's bank uses the Swift system instead of domestic payment methods. These payments usually go through several intermediary banks which may charge fees.
Because it goes through multiple banks before reaching Wise, it might take up to 5 working days to get Swift payments credited to your account depending when and from where it was sent.
What details do you need to share to receive a payment?
When you check your GBP balance, you'll get a sort code, an account number, an IBAN and an account address. Depending on the kind of payment you'll receive, you need to share different information with your sender.
For Swift payments you should share
The currency you want to receive
Your IBAN*
Your account address**
You can also use the Share button to send details via Share, Copy, or Download PDF.
*Your IBAN begins with GB because Wise is based in the UK. For Swift transfers, some banks may require both a Swift/BIC code and an account number. Use an IBAN calculator if needed.
**If a bank asks for a bank name and address, use the address shown in your GBP account details. Although Wise isn’t a bank, these details will work for processing your transfer.
For domestic payments you should share
The sort code
The account number
Your name
What happens when you receive a payment?
We'll credit your balance in the currency sent. For example, if JPY is sent, it will go into your JPY balance (or we'll open one for you if needed).
Some banks may convert the currency because of the UK-based IBAN (starting with GB). Ask your sender to ensure their bank doesn’t convert it unnecessarily.