Wise · Fintech accounts
Wise Business review for UK businesses
Wise Business gives UK companies a multi-currency account that converts at the mid-market rate, with the fee shown before you pay. You can hold and send more than 40 currencies.
Who Wise is best for
UK businesses paying international suppliers and teams using Xero.
Businesses needing hedging.
Wise Business gives UK companies a multi-currency account that converts at the mid-market rate, with the fee shown before you pay. You can hold and send more than 40 currencies.
It integrates with Xero, QuickBooks and Sage and suits businesses with frequent international payments. It doesn’t offer forward contracts or options.
Fees, features and eligibility
| FX margin | Mid-market rate plus a conversion fee |
|---|---|
| Fees | Conversion fee shown upfront |
| Provider type | Fintech account |
| Currencies | 40+ currencies |
Source: Wise published product information.
What stands out
Pros
- Mid-market exchange rate
- 40+ currencies
Cons
- No hedging tools
Wise: common questions
What exchange rate does Wise use?
The mid-market rate, with the conversion fee shown upfront.
Can I hedge currency risk with Wise?
No. Wise doesn’t offer forward contracts or options.
Used Wise? Help other businesses choose.
