Wise: fees, availability and limits
A money-transfer and multi-currency account service: you can hold and convert money in several currencies, get account details to receive payments, and send money abroad.
Every fact on this page was checked against its source on October 14, 2026. Official website
Availability by country of residence
Türkiye
LimitedResidents of Türkiye cannot get Wise account details; existing details stop working and money sent to them is returned. They can still send international transfers from a Turkish bank account.
Source: Wise Help Centre: Restrictions for customers based in Türkiye, read October 14, 2026United Arab Emirates
LimitedWise is licensed in the UAE, and sending from AED is only for UAE residents. The UAE is not on Wise’s list of countries where residents can hold money, and Wise’s AED guide says paying for transfers with AED is not supported.
Source: Wise Help Centre: How is Wise regulated in each country and region?, read October 14, 2026Source: Wise Help Centre: Getting verified in the UAE, read October 14, 2026Source: Wise Help Centre: Where do I need to live to hold money with Wise?, read October 14, 2026Source: Wise Help Centre: Guide to AED transfers, read October 14, 2026Saudi Arabia
LimitedResidents of Saudi Arabia are on Wise’s list of places where you can hold money. Saudi Arabia is not on the list of countries you can send to, though a transfer may still work to an account in USD, EUR or GBP.
Source: Wise Help Centre: Where do I need to live to hold money with Wise?, read October 14, 2026Source: Wise Help Centre: What countries/regions can I send to?, read October 14, 2026Egypt
LimitedYou can send EGP to bank accounts in Egypt. Egypt is not on Wise’s list of countries where residents can hold money.
Source: Wise Help Centre: Guide to EGP transfers, read October 14, 2026Source: Wise Help Centre: Where do I need to live to hold money with Wise?, read October 14, 2026
Company and regulation
Wise’s UK company, Wise Payments Limited, is authorised by the UK Financial Conduct Authority as an Electronic Money Institution.
Applies to: United Kingdom
Source: Wise Help Centre: How is Wise regulated in each country and region?, read October 14, 2026In the European Economic Area, Wise Europe SA is a payment institution authorised by the National Bank of Belgium.
Applies to: European Economic Area
Source: Wise Help Centre: How is Wise regulated in each country and region?, read October 14, 2026In the United States, Wise US Inc. is registered with the Financial Crimes Enforcement Network (FinCEN).
Applies to: United States
Source: Wise Help Centre: How is Wise regulated in each country and region?, read October 14, 2026In the United Arab Emirates, Wise Fintech Network L.L.C is licensed by the Central Bank of the UAE.
Applies to: United Arab Emirates
Source: Wise Help Centre: How is Wise regulated in each country and region?, read October 14, 2026Wise’s UK company says it is not a bank and does not lend out customers’ money.
Applies to: United Kingdom (Wise Payments Ltd)
Source: Wise Help Centre: How our UK entity, Wise Payments Ltd, safeguards customer funds, read October 14, 2026Money held with Wise’s UK company is not covered by the UK Financial Services Compensation Scheme (FSCS).
Applies to: United Kingdom (Wise Payments Ltd)
Source: Wise Help Centre: How our UK entity, Wise Payments Ltd, safeguards customer funds, read October 14, 2026
Receiving money
Wise says you can hold money in 40+ currencies and convert between them at the mid-market rate.
Applies to: Personal accounts, where holding money is allowed
Source: Wise Help Centre: What is a Wise Account?, read October 14, 2026Account details are not separate bank accounts: they are a way to receive money into your Wise account.
Source: Wise Help Centre: What is a Wise Account?, read October 14, 2026Wise asks freelancers and sole proprietors to use a business account for business transactions.
Source: Wise Help Centre: What is a Wise Account?, read October 14, 2026Account details for local bank transfers are listed for AUD, CAD, EUR, GBP, HKD, HUF, NZD, SGD and USD, depending on where you live.
Applies to: Subject to your country of residence
Source: Wise Help Centre: Which currencies can I add, keep and receive in my Wise account?, read October 14, 2026TRY account details are only for customers who do not live in Türkiye.
Applies to: TRY account details
Source: Wise Help Centre: Which currencies can I add, keep and receive in my Wise account?, read October 14, 2026Wise says you can receive Upwork payments in USD to your Wise account wherever you live, once you have USD account details.
Applies to: Holders of Wise USD account details; Wise does not give account details to residents of Türkiye (see availability above)
Source: Wise Help Centre: How do I receive money from Upwork with Wise?, read October 14, 2026
Fees
Receiving domestic payments is free for the majority of currencies.
Source: Wise Help Centre: What are the fees and limits for receiving money?, read October 14, 2026Receiving a Swift payment has a fixed fee per payment, shown in the currency you receive: for example EUR 2.39, GBP 2.16 or AED 14.50.
Applies to: Incoming Swift payments
Source: Wise Help Centre: Fees for receiving money by Swift, read October 14, 2026Banks that pass a Swift payment along can deduct their own fees from it before it reaches Wise.
Applies to: Incoming Swift payments
Source: Wise Help Centre: Fees for receiving money by Swift, read October 14, 2026Wise says it does not hide fees in the exchange rate.
Applies to: Wise’s US pricing page
Source: Wise: Fees & Pricing (US), read October 14, 2026Adding USD or CAD to your account has a small fee.
Applies to: Wise’s US pricing page
Source: Wise: Account fees for receiving and adding money (US), read October 14, 2026For business accounts in some regions, signing up is free but getting account details has a fee.
Applies to: Business accounts, depending on region
Source: Wise Help Centre: How do I open account details to receive money?, read October 14, 2026With a US Wise card, ATM withdrawals cost 1.95 USD + 1.95% each after you withdraw 250 USD in a calendar month.
Applies to: Wise’s US pricing page
Source: Wise: Fees & Pricing (US), read October 14, 2026
Verification
Every customer has to be verified at some stage; Wise says this is a legal requirement against financial crime.
Source: Wise Help Centre: What will you need for ID verification?, read October 14, 2026Verification usually takes 1–2 working days.
Source: Wise Help Centre: Guide to getting verified, read October 14, 2026The first time a personal user sends from TRY, Wise asks for their 11-digit Turkish ID number.
Applies to: Sending from TRY
Source: Wise Help Centre: Guide to TRY transfers, read October 14, 2026
Limits, holds and checks
For most currencies there is no limit on how much you can receive.
Source: Wise Help Centre: What are the fees and limits for receiving money?, read October 14, 2026Some transfers get additional checks, which usually take 2–10 working days and occasionally longer.
Source: Wise Help Centre: How long will additional checks on my transfer take?, read October 14, 2026You can send up to 5 million EGP per transfer.
Applies to: Sending EGP to Egypt
Source: Wise Help Centre: Guide to EGP transfers, read October 14, 2026Payments in TRY cannot be sent to savings accounts in Türkiye.
Applies to: Sending TRY to Türkiye
Source: Wise Help Centre: Guide to TRY transfers, read October 14, 2026
What we could not verify
- Whether Google AdSense or YouTube payments can be received into Wise account details: no official Wise or Google page we read says so.
- The exact sending fee for each currency pair: Wise calculates it per transfer and does not publish a single table.
- Whether UAE customers pay VAT on Wise fees: we only saw this in a search snippet, not on the page itself.
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This is general information, not financial, legal or tax advice. Providers change their terms; check the linked official page before you act.