Through Wise, you can both pay and receive money along with spending money across international borders. Customers using Wise can transfer funds overseas receive international payments and spend money on their Wise card internationally.

The company Wise previously operated as TransferWise delivers affordable currency exchange solutions alongside flexible business and personal multi-currency account options.

Opening an account with Wise becomes the first requirement for users who wish to maintain foreign currency balances or execute individual payments. Let’s look at what you need to do:

Register online in minutes

Users can access the registration process through both Wise’s website and its application. Find the registration button followed by clicking it and entering your email address. Besides online registration Wise lets customers create an account using their Facebook, Google or Apple profile. You will require:

• Your passport (photo page only).
• Your national ID card (both sides).
• Your driver’s license (both sides).

Set up your payment

After your Wise account verification completes you can start your payment setup through the Wise website or mobile application by selecting an amount for transfer or your recipient amount. The instant quote system displays alongside estimated delivery periods to help customers compare options before making their payment.

Account verification requires some additional details

Wise requires identity verification for customers as part of its strategy to keep finances secure while fulfilling worldwide financial regulations.

Verification requirements trigger prompts which display the necessary information and documentation needed to finalize your transaction.

Need to send money internationally? Choose Wise

You can establish your Wise Account either from their website or mobile app before sending funds to 160+ countries at competitive exchange rates and low transparent fees.

Modern Wise payment solutions deliver quick services that avoid unexpected fees because they operate without complications.

The incredibly fast transfer speed can be experienced by Wise users who achieve instant delivery or complete their transfers within 24 hours or less for 90%+ of cases¹.

To understand Wise costs regarding currency exchange and transactions see our interactive fee pricing tool.

Wise offers users multiple ways to utilize their platform beyond online payment transfers. Wise offers currency accounts named balances that let you receive local transfers and maintain 40+ currencies through a few quick taps. Learning how to create Wise currency accounts starts with opening an account using the following steps.

Proceed with your progress until you complete your Wise account because the support team will help with any queries or technical problems. Additionally, you can resume your account setup at any time.

Open the balance you need

After successful account verification, you can proceed to establish your currency balance.

On your account page click Open a balance to proceed. Select the currency from a list which will serve as your currency balance.

How to receive money into your Wise Account: getting account details

Users based in the US who add one of these currencies to their Wise balance – USD, EUR, AUD, NZD, GBP, HUF, RON, CAD, TRY, or SGD will receive payment information to use locally.

To get local details you need to:

• Start Open Wise and use your account login to access the platform.
• After finding your balance click on the Get account details button.
• The system will now ask you to fund your account. 
• The initial currency top-up to your Wise Account must be at least 20 pounds or an equivalent value of another currency. 
• Once you transfer the entire amount your funds will become accessible for spending.
• You can transfer funds to your account through your bank account and Apple Pay as well as credit or debit methods.
• Wise will proceed with account verification after you finish topping up your account balance. 
• During verification, they may need extra information or documentation from you.
• Your local details will become accessible following successful verification completion.

You can get money by giving your account details to the sender. Senders who have access to your banking account can easily make deposits directly to your funds.

Anytime you need your shareable details they will be available to you. Users need to select the currency for payment and then access the receive view and share account details page.

Wise charges 6.11 USD for incoming USD wires and 10 CAD for incoming CAD wires to your Wise balances but all other currency deposits are free.


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