How to Transfer Money or Deposit into your Wise Business Account 2024

Why Use Wise for Your Business?

Wise is a popular choice for businesses due to its:

• Low Fees: Save significantly on international transfers compared to traditional banks.
• Multi-Currency Accounts: Hold and manage money in over 50 currencies.
• Ease of Use: A user-friendly platform with transparent exchange rates.
• Global Reach: Send and receive money worldwide without the hassle.

Step 1: Log In to Your Wise Business Account

1. Visit Wise’s official website or open the Wise app on your smartphone.
2. Enter your registered email address and password to log in.
3. Navigate to your Business Dashboard to access all account features.

Step 2: Choose the Deposit or Transfer Option

For Depositing Money:

1. Click on the Add Money button on your dashboard.
2. Select the currency and the amount you wish to deposit.
3. Choose your preferred payment method:
   • Bank Transfer: Transfer funds directly from your local bank account.
   • Debit or Credit Card: Deposit instantly by using your card.
   • Apple Pay/Google Pay: Quick and secure payment options available in supported regions.
4. Follow the on-screen instructions to complete the payment.

For Transferring Money:

1. Click on the Send Money button.
2. Enter the recipient’s details:
   • Name
   • Bank account information (IBAN, SWIFT/BIC, or local account details)
   • Email address (optional, for transaction notifications)
3. Select the amount and currency to transfer.
4. Choose the type of transfer:
   • Low-Cost Transfer: Ideal for saving on fees.
   • Fast Transfer: Ensures the money reaches faster.
5. Review the details and confirm the transfer.

Step 3: Track Your Transaction

Wise provides real-time updates for your transactions:

• View the estimated delivery time on your dashboard.
• Check your email for status notifications.
• Use the Wise app to monitor progress on the go.

Tips for Using Wise Effectively

1. Use Multi-Currency Balances:
   • Receive payments in different currencies directly into your Wise account.
   • Convert currencies at mid-market exchange rates when needed.
2. Set Up Recurring Payments:
   • Automate transfers for regular expenses like salaries or supplier payments.
3. Integrate Wise with Accounting Software:
   • Simplify bookkeeping by linking Wise with platforms like Xero or QuickBooks.

Watch the Video Tutorial

For a step-by-step visual guide, watch our video here: How to Transfer Money or Deposit into Your Wise Business Account 2024. It covers everything you need to know in detail.

Final Thoughts

Transferring money or depositing into your Wise Business account is a straightforward process that saves you time and money. Whether you’re making payments to international suppliers or managing your business’s multi-currency needs, Wise offers an efficient solution.

Have questions or need help? Leave a comment below or contact Wise support for assistance. Don’t forget to subscribe to our YouTube channel for more informative guides and tips!

Disclaimer: This guide is for informational purposes only. Please refer to Wise’s official website or contact their support team for specific queries.