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Wise Account review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Wise Account pays 3.29% on cash-management balances with a monthly fee of £0, and money comes out without delay. It suits people who want a single multi-currency pot for everyday spending, not those chasing a fixed-term rate or a bonus.

Key facts

Best for
Holders who want interest on everyday cash and instant access to it in the UK.
Headline rate
3.29%↗
Rate type
Variable↗
Deposit protection
EU DGS up to EUR 100,000↗
Access terms
Instant access to money and gains; transfer up to 100,000 GBP (Personal) daily without delay↗
Monthly fee
£0↗
Account kind
Cash management↗
Legal entity
Wise Europe SA↗
Headquarters
Belgium↗
Founded
2011↗
Support channels
Help-centre↗
Pricing model
No monthly fee
Official website
wise.com

Facts checked September 26, 2026, 7 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaLinkedInXTrustpilotnewsroom.wise.com

Pros and cons

Pros

  • A variable rate of 3.29% on balances, above the site median of 3%
  • No monthly charge, with a monthly fee of £0 on the account
  • The balance and any interest can be drawn straight away, with a stated daily transfer limit on Personal accounts in the UK
  • Regulated in the UK by the Financial Conduct Authority, licence 900507

Cons

  • A variable rate, so the return moves with the base rate and is not locked in
  • Support runs on help centre only, with no live chat or phone line listed
  • Balances are held under EU deposit protection of EU DGS up to EUR 100,000, which applies across the euro area rather than the UK deposit guarantee
Wise Account

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Scored 8.8 / 10 by SumCue.

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Who it suits

  • Anyone holding a working balance who wants it to earn something without a notice period
  • People who move money between currencies and want it accessible in the UK
  • Savers who are comfortable with a rate that can move rather than a fixed deal

Who should look elsewhere

  • Anyone chasing a fixed term, where starling-personal-account-debit-card pays 4%
  • Savers who want a bonus, which the no monthly fee model does not offer
  • Savers who want UK deposit guarantee cover, since protection is EU DGS up to EUR 100,000

Deposit protection

Money is covered by EU DGS up to EUR 100,000, so balances sit under an EU scheme rather than the UK deposit guarantee. The account is authorised in Belgium by the National Bank of Belgium, licence PSD_PI BE_NBB!0713629988, and in the UK by the Financial Conduct Authority, licence 900507. The related Estonian entity is listed with the Financial Supervision and Resolution Authority, licence 4.1-1/174.

The company behind it

The account runs through Wise Europe SA, registered in Belgium and founded in 2011. Support runs on help centre only, so day to day help is written guidance rather than a live line. UK activity sits under the Financial Conduct Authority, licence 900507, and the Belgian entity is registered with the National Bank of Belgium, licence PSD_PI BE_NBB!0713629988.

How Wise Account compares

Where Wise Account is available

Available
Australia, Austria, Belgium, Brazil, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, New Zealand, Norway, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom
Licence in Belgium
National Bank of Belgium, checked September 26, 2026
Licence in United Kingdom
Financial Conduct Authority (UK) (900507), checked September 26, 2026
Licence in Estonia
Estonian Financial Supervision and Resolution Authority (4.1-1/174), checked September 26, 2026
Licence in Belgium
BE_NBB (PSD_PI BE_NBB!0713629988), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does Wise Account pay on cash?+

The headline rate is 3.29% and it is variable, so the figure moves with the base rate rather than being fixed for a term. The account is a cash management account, meaning the money stays available rather than being tied up.

Is there a monthly fee?+

There is no monthly charge. The monthly fee is £0 and the pricing model is listed as no monthly fee, so the account is priced around transaction and conversion costs instead of a subscription.

How much of my money can I get out at once?+

The balance and any interest can be drawn straight away, and the terms set a daily transfer limit for Personal accounts in the UK. Because the account is a cash management account, there is no notice period to serve.

Is my money protected?+

Deposits are covered by EU DGS up to EUR 100,000, an EU scheme covering euro area balances. The UK side of the business is authorised by the Financial Conduct Authority under licence 900507, and the Belgian entity is registered with the National Bank of Belgium under PSD_PI BE_NBB!0713629988.

Who runs the account?+

The account belongs to Wise Europe SA, which is based in Belgium and has operated since 2011. A related entity is registered with the Estonian Financial Supervision and Resolution Authority under licence 4.1-1/174.

How do I get help?+

Support runs on help centre, which means written help rather than a live phone or chat line listed for the brand. That suits self-serve users who are comfortable finding answers in articles.

How does the rate compare with the rest of the market?+

The headline rate of 3.29% sits above the site median of 3% for this category. Starling Personal Account Debit Card pays 4% and bunq pays 3.01%, so Wise is not the top rate on the list.

Does it work for savers who need a fixed deal?+

No. The rate is variable, so there is nothing to lock in for a term and no bonus attached to the no monthly fee model. Someone saving for a fixed lump sum would usually look at a fixed-term product instead.

Sources

Compiled from 9 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Term, Minimum deposit.

Wise Account

Wise Account

Holders who want interest on everyday cash and instant access to it in the UK.

8.8/10See alternatives