The importance of cash reserves for startups and how to plan ahead
How much cash reserve does a startup really need? Learn how to save effectively and ensure your future is protected.
One account, low fees, fast payments, no monthly subscription
Wise Business account enables businesses to hold and send money in over 40+ currencies to 140+ countries, with account details in 9+ currencies. Whether you'd like to send in multiple currencies, receive or set direct debits, the Wise Business account allows you to do so with fast and transparent international payments. Additionally, the account provides features like holding money in Jars for easier saving or Groups to streamline your digital card expenses, making it a versatile tool for businesses of different sizes. Check out the key features below!
| One-time setup fee | £45 |
|---|---|
| Monthly subscription fee | no |
| First card on the account | Free |
|---|---|
| Cards for team members (cost per card) | 3 GBP |
| Digital cards | ✓ |
| Set limits for each team member | ✓ |
| Spending alerts | ✓ |
| Freeze your card | ✓ |
| 2 ATM withdrawal under 200 GBP/month | Free |
| Multi-user access for better account control | ✓ |
|---|---|
| Custom permission levels for team members | ✓ |
| Payment approvals | ✓ |
| Choose from 40+ currencies | ✓ |
|---|---|
| Paying other Wise customers | ✓ |
| Transparent pricing upfront You'll always see what you're paying for | ✓ |
| Multi-currency payments Variable fee depending on the currency | fixed fee of 0.21 GBP + variable fee from 0.43% |
| Batch payment | ✓ |
| Receiving money Local details to receive money in AUD, CAD, EUR, GBP, HUF, NZD RON,SGD, TRY and USD (non-wire) | Free |
| Receiving USD Wire payments | 4.14 USD Fixed fee per payment |
| Scheduled transfers | ✓ |
| Direct debits | ✓ |
| Request money directly with a payment link | ✓ |
| Create and send invoices | Free |
| Accounting integrations - QuickBooks, Xero, Sage + more | ✓ |
|---|---|
| 0.5% cashback with your Wise Business debit card | ✓ |
| Wise Interest feature Get a variable rate on your GBP balance Capital at risk. Growth not guaranteed. | ✓ |
| Customer support (email or phone) | ✓ |
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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