Wise Review: Is It Worth It?

Wise Review

In this Wise review, we will be examining whether or not Wise is a good fintech banking option.

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Background And History

Wise was launched in 2011 with the vision of making international money transfers cheap, fair, and simple.

In the past 10 years, Wise has gathered 8 million customers that move more than £4 billion every month, saving them £3 million in bank fees every day.

Wise has also added the multi-currency account, which lets you hold over 50 currencies at once and convert them whenever you like, and the Wise debit Mastercard.

Subscription Plans

Wise offers two different plans, both of them are free.

If you use our link below, you will get 1 Free Transfer.

Wise Multi-Currency Account
  • Spend in any currency, receive money for free, and send money around the world with your own foreign currency account.
Wise Business Account
  • A business account to send and receive multiple currencies with the real exchange rate. Do business without borders.


Send and receive multiple currencies right from your phone. But with a better exchange rate and lower fees than your bank or PayPal.

  • Hold 40+ currencies for free
  • Send money right from your balances
  • Convert between them with the real exchange rate
  • Move money to another bank for cheap
  • Freeze and unfreeze your card instantly
  • Spend on your card in any currency — our smart tech automatically converts at the best rate

A Wise account is perfect if you live and work in multiple currencies. And if you want to receive multiple currencies for free.

You get your own bank details for the US, UK, Eurozone, Australia, and New Zealand. Use them to receive direct deposits from around the world:

  • British account number and sort code
  • European IBAN
  • Australian account number and BSB code
  • New Zealand account number
  • US account number and routing number

You can hold and manage money in more than 50 currencies. This lets you avoid exchange rate movements and prep for future transfers.

You can use money in your multi-currency account to send to any of the currencies on Wise.


Wise Inc. is registered with the Financial Crimes Enforcement Network (FinCEN) with money service business registration number 31000065314305. It is licensed as a money transmitter in the states and supervised by regulatory authorities in each of those states.

In other US states and/or territories, money transmission services are offered by Wise's partner financial institution Community Federal Savings Bank, which is supervised by the Office of the Comptroller of Currency.

In the US, Wise banks with Community Federal Savings Bank (CFSB) and Wells Fargo. All of these banks are insured under the Federal Deposit Insurance Corporation (FDIC).

More than 5 million customers have trusted Wise to move their money around the world. Wise moves more than $4 billion every month.


Your Wise multi-currency account is free to open. It's also free to get bank details and free to receive money using them.

There are low, transparent fees to convert currencies, add money to your account, and send money to a bank account.

Wise Pros & Cons

Wise: Pros

  • Free account
  • Low fees
  • Reliable
  • High security

Wise: Cons

  • No banking license
  • Doesn't have a premium plan
  • Doesn't offer cashback

Wise Review: Verdict

Wise is a fantastic platform for wiring funs overseas and saving a lot of money in the process.

It's a transparent and trustworthy company, it has very low fees, the app works great and so does the desktop version of it.

Wise has huge investors backing it, it has over 6 million users and your funds should be safe with them.

It would be great to see Wise offer some more perks and premium paid account options like other fintech companies such as Revolut, N26, and Monese do.

If you'd like to get a Wise account with + 1 Free Transfer, and free delivery, simply follow the Wise Referral Link below!


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FREE TRANSFER No Code Needed The Best Referral Promo Discount Codes

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