News Product update

Wise Business bank details will cost NZ$40 from 27th May

Wise

27.05.20 (updated more than 1 year ago)

Read time 1 minute

Until now, we’ve been offering business bank details to our customers for free.

From 27th May, there will be a small, one-time fee to get your bank details to receive payments into your Wise Business account.

We believe you should only pay for the services you use

Which is why we don’t ask you to pay monthly fees or have a minimum balance to use your account.

We also will not charge you to receive payments per transaction. This is a one-time fee only.

We also believe in radical transparency

We want to be very upfront about what this fee is paying for.

It’ll help us cover onboarding costs (verifying your business🔒) and providing you with customer support (someone to help when you need it💚).

It’s still free to hold money in 50+ currencies

You can still open and hold money in any of 50+ balances for free. And you can exchange currencies at the usual low cost fee, at the real exchange rate.

This is a one-off fee only to get bank details for five currencies: USD, GBP, EUR, AUD and NZD.

This charge will not apply to your personal account.

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.