Wise Business Setup Guide: How to Get Started in 20 Minutes (2026)

After approval, navigate to 'Balances' in the left menu. For each currency, click 'Account details' to see the local payment details:

• USD: US routing number + account number (ACH/domestic wire). Held at Community Federal Savings Bank.
• EUR: IBAN + BIC/SWIFT. Held at a European partner bank.
• GBP: Sort code + account number. UK current account.
• AUD: BSB + account number. Australian bank.
• CAD, NZD, SGD: Local account details available similarly.
• INR: Wise does not offer a local INR collection account — USD/EUR/GBP received are converted to INR.

Include your Wise local account details on your invoices. For a US client:

• Payment method: Bank transfer (ACH)
• Bank: Community Federal Savings Bank
• Routing number: [your Wise USD routing number]
• Account number: [your Wise USD account number]
• Account holder: [your registered name on Wise]
• Add a note: 'Please use domestic ACH, not international wire'
• Wise also has a built-in invoicing feature (Invoices tab) that auto-populates your account details on PDF invoices.

1. When your client sends payment, it typically arrives in your Wise USD balance within 1–2 business days for ACH transfers.
2. You'll receive an email and app notification when funds arrive.
3. To convert: go to 'Balances' → click on USD balance → 'Convert'. Select your target currency (INR, PHP, NGN, etc.).
4. Wise shows you the mid-market rate plus the fee (0.45% for most currency pairs). The amount you'll receive is shown before you confirm.
5. Conversion is instant for currencies Wise holds in both countries. The converted balance appears immediately.

1. Go to your converted local currency balance (e.g., INR). Click 'Send money'.
2. Select 'To my bank account'. Add your local bank details: for India — IFSC code + account number. For Philippines — bank name + account number. For Nigeria — bank name + account number.
3. Wise charges $0 withdrawal fee to local banks in most countries.
4. Processing time: India (NEFT/IMPS) — typically same day or next business day. Philippines — 1–2 business days. Nigeria — 1–3 business days.
5. Once set up, your bank account is saved and future withdrawals take 30 seconds.

• Team members: Add team members with view-only, payment-initiation, or admin access. Useful for accountants or finance team members.
• Batch transfers: Pay multiple recipients at once via CSV upload. Up to 1,000 recipients per batch.
• Accounting integrations: Connect to Xero, QuickBooks, or FreeAgent for automatic transaction sync.
• Invoicing: Create and send invoices directly from Wise. Track payment status. Accept payments via Wise's payment link.
• Business debit card: Available in UK and EU. Spend in any currency from your Wise balance at mid-market rate.

Once your basic Wise Business account is set up, these features significantly improve workflow efficiency:

• Xero and QuickBooks integration: Connect Wise Business to your accounting software. Transactions sync automatically — no manual entry. Categorise expenses in Xero directly. Most UK and AU small businesses using Xero find this integration saves 2-3 hours per month.
• Batch payouts via CSV: Upload a spreadsheet with recipient names, amounts, currencies, and bank details. Process 100+ payments in one click with a single approval.
• Team accounts and permissions: Add team members with 'viewer', 'payer', or 'admin' roles. Finance team can initiate transfers; director approves. Essential governance for businesses above 2 people.
• API access: Wise's API supports programmatic transfers, balance queries, and recipient management. Well-documented. Useful for any business with engineering resources and regular payment flows.
• Hold multiple currencies: Don't convert immediately. Collect USD from US clients, EUR from EU clients, GBP from UK clients — hold each in its native currency until you need to convert. No interest on balances, but avoids unnecessary FX conversion costs.