Wise Business
Wise
Wise Business is a multi-currency EMI account offering the mid-market rate from 0.33%, support for 48 currencies, batch payments of up to 1,000 recipients and volume discounts. The downside is the lack of any crypto features and an opaque compliance approach, with support limited to self-service.
Data & conditions
| Account fee | Free |
|---|---|
| IBAN | dedicato · BE, GB, US, AU, NZ, SG, HU, RO, TR |
| Multi-currency | Yes · 40 currencies |
| Outbound transfers to third-party IBANs | Yes |
| Utility direct billing | No |
| SEPA direct debit (SDD) | No |
| On-chain crypto withdrawal | No |
| SEPA transfer | €8 |
| Interest on balance | 1.8% |
| ATM withdrawal | not declared |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | EEA, UK, US, APAC, LATAM · 160+ countries |
| Regulator | FCA |
| Segment | B2B |
| MiCA / License status | EMI multi-paese FCA · FinCEN · EMI regulated |
Plans & pricing
Strengths
- Mid-market rate 0,33%+; 48 currencies; batch 1000 payments; volume discounts.
- No notable sovereignty advantage documented.
Weaknesses
- No crypto; compliance opaco; supporto only self-service.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (FCA · FinCEN · EMI regulated): reporting to authorities and freezes on order.
Verdict
Supervised by FCA and FinCEN, Wise Business offers the mid-market rate from 0.33%, 48 currencies and batch payments of up to 1,000 recipients, with FX transparency as its strength supporting the high rating. Protection is held back by a compliance approach described as opaque and support limited to self-service; funds remain in safeguarding.
On this lens Wise Business offers little: no crypto features, full KYC, a custodial account and average privacy. Cost transparency doesn't translate into control of funds or resistance to de-risking; it's an excellent multi-currency payments tool, not a sovereignty one.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Is Wise Business a real bank?
Wise Business operates under a EMI multi-country licence (GB). It is regulated by FCA. Fund protection: Safeguarding — nessuna garanzia depositi.
Can I send transfers to third-party IBANs with Wise Business?
The ability to send transfers to third-party IBANs is not documented; check the official website.
Does Wise Business support direct debits and utility billing?
SEPA direct debit (SDD): not documented. Utility-bill domiciliation: not documented.
Which fiat currencies does Wise Business support?
Wise Business supports 40 fiat currencies. Multi-currency accounts: supported.
Can I withdraw crypto on-chain from Wise Business?
On-chain crypto withdrawal is not documented; check the official website.
Sources
- Official service page Plans & pricing · Regulatory framework · SEPA fee · Savings interest · +1 Data verified on Jul 11, 2026
- bitget.com On-chain crypto withdrawals Data verified on Jun 15, 2026
- cnbc.com Investors Data verified on Jun 15, 2026
- companiesmarketcap.com Valuation Data verified on Jun 15, 2026
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- techcrunch.com Latest funding round Data verified on Jun 15, 2026
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