Wise Business Setup Guide: How to Get Started in 20 Minutes (2026)
Wise Business is the fastest way for freelancers and businesses in India, Philippines, Nigeria, and 80+ countries to receive international payments at the lowest cost. Here's how to be up and running in 20 minutes.
Wise Business setup: step by step
- Go to wise.com/business and click 'Open a business account'. Choose your country of residence.
- Personal verification: upload government ID (passport or Aadhaar for India) and a selfie.
- Business verification: provide business name, type, and supporting documents (GST certificate, incorporation doc, or business bank statement depending on your country).
- Approval: typically instant to 2 hours. Some complex business types take 1-3 days.
- Get local account details: go to 'Balances', select USD, and view your US routing number + account number.
- Share these details with your US client. They pay as a local ACH transfer — zero fee to them.
- When USD arrives, click 'Convert' → select INR (or PHP/NGN/etc.) → review rate + 0.45% fee → confirm.
- Withdraw to your local bank: enter your Indian bank account IFSC and account number. Transfer arrives in 1-2 business days. Zero fee.
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ForexFee guides are based on publicly available information and live rate data from Wise's comparison API. For pricing, KYC requirements and current promotions, always check each provider's official site. See our methodology for how we source and rank rates.