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Wise

Wise review

Fast, transparent international money transfers and multi-currency accounts.

By Ciroapp Editorial Team · Updated Sep 17, 2026
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At a glance

Quick overview for Wise: rating, pricing summary, key features, and highlights.
Vendor page checked Oct 12, 2026

Ciroapp score

3.8/ 5

Fast, transparent, but support lags.

We found Wise excels at fast, transparent international transfers and multi-currency management, with users praising its speed and low fees. However, we noted consistent complaints about account closures, support responsiveness, and security handling, which can create significant disruption for affected users.

Pros

  • Pros:Extremely fast transfers (often under 20 seconds)
  • Pros:Transparent pricing with mid-market exchange rates
  • Pros:Free multi-currency account and card (with low fees)

Cons

  • Cons:Account closures reported without clear explanation
  • Cons:Customer support can be slow or unhelpful
  • Cons:Security vulnerabilities and fraud handling concerns
Best for
  • Frequent travelers who want to spend in 22 currencies with the mid-market exchange rate and free ATM withdrawals up to $250/month on the Wise card
  • Freelancers and remote workers who need free local account details in 22 currencies to receive payments from international clients
  • Small businesses and importers (over 700,000 use Wise) that pay overseas contractors or suppliers in 40+ currencies and want transparent per-transfer fees instead of bank markups
This section is a summary. Detailed sections about features, use cases, pricing, and reviews follow below.

What is Wise?

Sending money abroad often feels slow, expensive, and unclear. 💸 You worry about hidden fees and waiting days for delivery. Wise tackles this with fast transfers—often in seconds—and a simple, transparent pricing model.

You see the real cost upfront, helping you send money to 140+ countries with more certainty.

Wise is a global financial service for sending money abroad and managing multiple currencies. ✨ It’s designed for people who need to move money internationally, whether to family, for business, or for travel. The platform offers accounts in 22 currencies and card spending in 215 countries, aiming to make cross-border finance feel as easy as local banking.

Should you choose Wise?

Quick buyer guidance before you compare plans or click through.

Choose it if

  • Frequent travelers who want to spend in 22 currencies with the mid-market exchange rate and free ATM withdrawals up to $250/month on the Wise card
  • Freelancers and remote workers who need free local account details in 22 currencies to receive payments from international clients
  • Small businesses and importers (over 700,000 use Wise) that pay overseas contractors or suppliers in 40+ currencies and want transparent per-transfer fees instead of bank markups
  • Expats and people supporting family abroad who send money to 140+ countries and want most transfers to arrive in under 20 seconds with the cost shown upfront

Skip it if

  • Users who cannot tolerate the risk of sudden account closure or frozen funds — multiple Trustpilot reviewers report deactivations without clear explanation, which can disrupt business operations
  • People who need fast, reliable resolution of complex support issues — some users report 48+ hour waits and unhelpful responses on fraud or security matters
  • Anyone who needs to send money to crypto-related transactions, which Wise restricts
  • Residents of New York or Alaska who want the 3.14% APY interest feature, which is unavailable in those states
  • Users unwilling to complete lengthy identity verification and documentation checks before transacting

Next steps before buying

  1. 1Register a free Wise account on wise.com or in the mobile app — there is no subscription and no penalty to close later — and complete the identity verification process (have your ID and address documents ready, as checks can take time)
  2. 2Set up your first transfer by entering the recipient's details and currency amount; Wise shows the exact fee (from 0.57%) and the guaranteed mid-market rate (locked for up to 24 hours) before you confirm
  3. 3Fund the transfer with a low-cost local method such as ACH bank payment to minimize fees, then track delivery — most transfers complete in under 20 seconds
  4. 4Order the multi-currency card (one-time $9) if you plan to travel, and opt in to the interest feature if you hold USD balances and want 3.14% APY with pass-through FDIC insurance up to $250,000

Wise Key Features

💸 Fast, Transparent International Transfers

Wise makes sending money abroad fast and clear. You see exactly what you pay, with no hidden fees. The exchange rate you get is the real mid-market rate, the one you see on Google.

Most transfers arrive in under 20 seconds, and 95% land within a day. You can lock in your exchange rate for up to 24 hours, so you're protected if the rate drops before your money arrives.

✨ A Multi-Currency Account for Global Life

Wise gives you a global account to hold, convert, and spend in 22 currencies. You can get local account details for many of these currencies, making it easy to receive money from abroad as if you had a local bank account.

This is useful if you work remotely, receive payments from international clients, or want to manage money across different countries. You can hold money in your Wise account for free and convert between currencies whenever you need to.

💳 Spend Globally with the Wise Card

With the Wise multi-currency card, you can spend money in over 215 countries and territories. The card uses the real exchange rate, so you don't pay hidden markup fees when you shop or withdraw cash abroad.

You can get free ATM withdrawals up to 250 USD per month. This makes it a great option for travelers who want to spend money without worrying about extra charges.

✨ Earn Interest on Your USD Balance

You can earn interest on your USD balance in your Wise account. The current rate is 3.14% APY. Your money is protected with pass-through FDIC insurance up to $250,000.

This feature is optional—you have to opt in to earn interest. It's not available to residents of New York and Alaska at this time. This allows your money to work for you while it's in your Wise account.

✨ Built for Businesses and Individuals

Wise is used by both personal users and businesses. Over 700,000 businesses use Wise to make payments and get paid in over 40 currencies. The platform moves $16 billion every month.

For personal users, Wise is trusted by 14.8 million people. It's designed to handle everything from sending money to family to managing finances across multiple currencies. Whether you're an individual or a business, Wise offers tools to move money internationally with more ease and clarity.

✨ Safe and Regulated Service

Your money is kept safe at every step. Wise is federally regulated and holds 65 licenses worldwide. Your funds are safeguarded in a separate account, not mixed with the company's money.

The platform uses specialized anti-fraud technology with over 1,000 experts and smart systems that run millions of checks daily to spot and stop fraud. This focus on security helps keep your money protected while you use the service.

✨ Transparent Pricing and No Subscriptions

Wise uses a simple pay-as-you-go model. There are no monthly subscription fees or complex plans. You only pay for what you use. Transfer fees are transparent and start from 0.57%, depending on the currency.

Sending and receiving the same currency between friends on Wise is completely free. You can register for an account for free and close it at any time without penalty. This approach keeps costs straightforward and predictable.

Use Cases

💸 Sending money to family abroad

You want to send money to your family in the Philippines, but bank transfers are slow and expensive. You use Wise to send USD, and the recipient gets PHP in seconds. You see the exact fee and the real exchange rate upfront, so there are no surprises. Most transfers arrive in under 20 seconds.

Tip: Use a direct bank transfer (like ACH) for the lowest fees on your send.

✈️ Managing a multi-currency wallet for travel

You're traveling across Europe and need to spend in euros, pounds, and other currencies without losing money to hidden markups. With a Wise account, you hold and convert money in 22 currencies. You use the Wise card to spend in 215 countries and withdraw cash at ATMs, paying no hidden fees on the exchange rate.

💼 Getting paid by international clients

You're a freelancer or business owner with clients in different countries. They can pay you using your local account details in 22 currencies, like a USD or EUR account. You receive the payment directly, avoiding high international wire fees.

You can then hold, convert, or spend the money as needed.

🤝 Paying a contractor in another country

You need to pay a contractor in India from your US business account. You initiate a transfer through Wise. You know the exact exchange rate and fee before you send.

The money arrives quickly—often in seconds. You get a clear record for your books, and the contractor gets paid without delay.

🛒 Saving on international online purchases

You're buying something from a UK online store. You use your Wise card for the purchase. You get the mid-market exchange rate, like the one you see on Google, with no markup.

You avoid the extra 2-3% that banks often add. It's just like paying with a local card.

📈 Earning interest on your USD balance

You have a USD balance in your Wise account and want it to earn more. You opt in to the interest feature. Your funds are held in a pass-through FDIC-insured account, and you earn 3.14% APY.

You can access your money anytime, and the insurance covers up to $250,000.

🌍 Setting up for international business payments

Your business needs to send payments to suppliers in 40+ currencies. You use the Wise business account to make and receive payments globally. You get local account details to get paid in multiple currencies.

Over 700,000 businesses use Wise to operate internationally, saving time and money on transfers.

Wise pricing

Prices not verified yet — see the vendor page.

Wise's pricing page

Wise pricing page screenshotView pricing page screenshot

Price history

Tracking prices since Oct 1, 2026. No price change detected yet.

Pricing types: Free plan, Monthly subscription

Pricing notes

Wise operates on a pay-as-you-go model with no monthly subscription fees. You only pay for what you use, featuring transparent transfer fees that vary by currency starting from 0.57%. Only pay for what you use without hidden subscription plans. Sending and receiving the same currency between friends on Wise is completely free.

Wise Multi-Currency Card

Price: 9 USD one-time fee Other Features: Spend funds in your account online or in-store for free, free ATM withdrawals up to 250 USD per calendar month, 1.95 USD plus 1.95% fee on withdrawals over 250 USD per month

This option is best for frequent travelers who want to spend money globally without hidden markup fees on foreign exchanges.

Wise Multi-Currency Account

Price: Free Other Features: Register for an account for free, hold money for free, get local account details to receive money in 22 currencies for free, receive domestic payments for free

Select this option if you need to receive, hold, and manage multiple currencies globally under one convenient digital roof.

Wise operates on a pay-as-you-go system, meaning there are no standard subscription models, free trials, or complex tier arrangements to navigate. Account registration is free, and you can close your account or cancel services at any time without penalty fees.

Wise pricing: Wise operates on a pay-as-you-go model with no monthly subscription fees. Only pay for what you use without hidden subscription plans. Sending and receiving the same currency between friends on Wise is completely free.

Wise Multi-Currency Card

Price: 9 USD one-time fee

Wise Multi-Currency Account

Price: Free Billing options: Free plan, Monthly subscription

Email me when Wise changes price

One email when we detect a price change on the vendor's pricing page. No newsletter, no deals. Unsubscribe in one click.

User Reviews

Wise holds a 4.3/5 rating on Trustpilot, with users frequently praising its speed, ease of use, and transparent fees. Many find the multi-currency card and app excellent for travel and international transfers, calling it a "gold standard" for fintech.

However, a significant negative theme emerges around account closures and customer support, with some users reporting abrupt deactivations, lengthy verification processes, and unhelpful responses to serious issues like fraud or security vulnerabilities. There are also mentions of slow support response times and frustrations with transaction restrictions.

Overall, the sentiment is a mix of strong appreciation for the core service but notable dissatisfaction with account security and support reliability, creating a balanced but polarized user experience.

Summarized from public reviews on Trustpilot, Capterra

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Why use Wise?

Tired of losing money to hidden fees and slow bank transfers? Wise offers a clearer, faster way to handle your international money.

Here’s why it stands out:

  • Get your money there fast. 74% of transfers arrive in under 20 seconds, and 95% in a day. No more waiting for days. ✅
  • See the real cost. 100% transparent pricing. You get the mid-market exchange rate (like on Google) with no markup, so you know exactly what you pay.
  • Lock in your rate. The exchange rate is guaranteed for up to 24 hours. If it drops, you’re protected.
  • Manage money globally. Hold, convert, and spend in 22 currencies. Get paid easily with local account details for 22 currencies.
  • Earn on your balance. Opt-in for 3.14% APY on USD, with pass-through FDIC insurance up to $250,000. 💡
  • Built for scale. Over 700,000 businesses use Wise. It’s also trusted by 14.8 million personal users, moving $16 billion monthly.

This combination of speed, transparency, and global reach makes it a strong choice for moving money internationally.

Try it nowView pricing

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Wise FAQ

Does Wise offer a free trial or subscription plan?

No, Wise uses a pay-as-you-go model with no monthly fees or subscriptions. You only pay for the specific services you use, like transfers or card usage.

What are the fees for sending money internationally?

Wise's transfer fee varies by currency, starting from 0.57% of the amount sent. The exact fee is shown upfront before you confirm. Sending the same currency between friends on Wise is free.

What are the fees for the Wise Multi-Currency Card?

The card costs a one-time $9 fee. Spending is free. ATM withdrawals up to $250 per month are free, but a fee of $1.95 + 1.95% applies after that limit.

What are the limits or quotas for transfers?

Transfer limits depend on the currency pair and payment method. You can check specific limits during your transfer setup.

How do I cancel my account or a pending transfer?

You can cancel your Wise account at any time without penalty. Pending transfers can be canceled if they haven't been processed. You can manage this from your account settings.

What payment methods can I use to fund a transfer?

You can fund transfers with ACH bank payments or other local methods. The website mentions ACH payments, so check the app for all available options in your region.

Does Wise support multi-currency accounts?

Yes, you can hold and convert money in 22 currencies. You get local account details for each, allowing you to receive payments in those currencies for free.

What security measures does Wise use?

Wise uses safeguarded funds held in separate accounts, along with over 1,000 anti-fraud experts and systems that run millions of checks daily. It is federally regulated with 65 licenses worldwide.

What regions or languages does Wise support?

Wise sends money to 140+ countries and operates in 215 countries and territories for card spending. The website and app are available in multiple languages; confirm your local language options when you sign up.

How responsive is customer support?

Wise offers 24/7 customer support via phone, email, or chat. While support is available around the clock, some user reviews mention longer response times for complex issues.

Is there a fee for receiving money?

Getting account details to receive in 22 currencies is free. Receiving domestic payments in select currencies like USD, EUR, and GBP is free, but receiving via wire or SWIFT in some currencies may have a fixed fee (e.g., $6.11 for USD wires).

Who is Wise best for?

Wise is ideal for frequent travelers, expats, and businesses that need to send or receive money internationally. It's also a strong choice for anyone looking to hold, convert, or spend in multiple currencies with low, transparent fees.

How does Wise earn interest on balances?

This feature is available for USD, GBP, and EUR. Not available to residents of New York and Alaska.

What are the fees for converting currencies?

Currency conversion fees vary by currency, starting from 0.57%. The exact fee is transparent and shown before you confirm the conversion. You can also get lower fees with volume discounts for larger conversions.

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