Opening an Account in the Wise Payment System

One of the key advantages of the company is that it must keep clients’ funds in low-risk financial institutions. For this purpose, the payment system maintains accounts:

• at Barclays Bank, one of the world’s largest financial conglomerates;
• at the prestigious banking holding company Wells Fargo.

Why Open an Account in TransferWise

Reliability is the main advantage for clients of this payment system. Even if TransferWise ceases to exist, you will still get your money back — from accounts at Barclays or Wells Fargo, where your funds are securely stored.

If you choose to work with TransferWise, you can open an account in multiple world currencies, including a multi-currency account.

Financial transactions can be carried out through the international SWIFT transfer system with a simple and user-friendly interface. Clients can also use banking details to receive payments from the USA, Australia, the UK, and European countries.

Registration, Opening an Account in TransferWise and Verification

When registering a business account, TransferWise will require you to:

• Provide company details, including business registration data, location, industry, etc. You must also indicate the full names, birth dates, and countries of residence of all owners and directors of the company.
• Provide personal details of the business profile owner, including their position in the company. If the person is not a director or shareholder, additional information and documents may be required.

Types of Accounts in TransferWise

TransferWise accounts can be registered remotely. Two types of accounts are available: personal and business. For business accounts, the company always conducts a full compliance check. This process is completed before the first transfer or account activation.

On average, verification takes 4–7 business days, but in some cases, the timeframe may be longer, and additional information or documents may be required.

TransferWise does not always accept all applicants, so there is always a risk of refusal for both personal and business accounts.

To open an account in TransferWise and successfully pass verification, contact our specialists. We will prepare all the necessary documents, minimize your involvement in the process, and register a personal or business account for you with minimal risk of refusal. Our managers will provide you with detailed consultations.