Opening an Account in the Wise Payment System
Open an Account in TransferWise
TransferWise is a London-based company specializing in electronic money transfers. Its activities are regulated by the UK Financial Conduct Authority (FCA).
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.
Free initial consultation on legal issues, related to the daily activities of the business
Register company in UK
Registering a company UK is an option for stable business development rather than a way to take your business offshore. There is a clear system of taxation, which implies paying taxes on profits. Moreover, competent planning of the future company structure and the right choice of organizational-legal form will help to considerably reduce the financial burden.
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Company Registration in Canada
Registering a company in Canada requires knowledge of local tax legislation. It involves paying provincial, federal, and municipal taxes. Rates are determined individually in each province and may change — this information should be checked in official sources.
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Company registration in Malta
The Republic of Malta is an up-and-coming jurisdiction notable for legitimate ways to optimize taxation. At the same time, the Maltese islands are located on the trade routes between Europe, Africa, and Asia. As a result, the country has a very developed financial sector as well as a maritime business in the field of logistics.
learn moreFrequently Asked Questions:
To successfully open a Wise account, the company must be registered in one of the countries supported by Wise, have a good reputation, and its participants must not appear on sanction lists. The company’s business activities must not conflict with Wise’s policies.
The final cost of opening a Wise account depends on the company’s residency, the residency of its participants, the nature of its activities, and other factors. Contact our specialists to find out the exact cost for your company.
To order a card, you must first open a Wise account, then request the card through your online account.
Yes, account review and opening in Wise is carried out online.
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