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Wise review

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

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Our verdict

Wise suits people who hold several currencies and convert often, pairing a monthly fee of £0 with a conversion fee of 0.1% and interest of 3.29% on the balance. The weak spot is cash: free ATM withdrawals stop at £250 and the card ranks 10 of 124 on that measure.

Key facts

Best for
Holding several currencies and converting often, at a conversion fee of 0.1% with a monthly fee of £0.
Monthly fee
£0↗
Currency conversion fee
0.1%↗
Free ATM withdrawals
£250↗
Card type
Debit↗
Currencies
40↗
Legal entity
Wise Europe SA↗
Headquarters
Belgium↗
Founded
2011↗
Support channels
Email, Chat, Phone, Help-centre↗
Features
Multi-currency, Travel
Audience
Business, Kids
Official website
wise.com

Savings

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↗
Account kind
Cash management↗
Pricing model
No annual fee

Credit cards

Annual fee
£0↗

Facts checked September 26, 2026, 9 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaLinkedInX

Pros and cons

Pros

  • The monthly fee on the cash management account is £0, level with bunq at €0 and Varo Believe Secured Credit Card at $0, so nothing is given away on the standing charge.
  • A currency conversion fee of 0.1% sits well under the site median of 1%, and the account can hold 40 currencies at the same time.
  • Idle balances earn 3.29% at a variable rate while staying available, which bunq and Varo Believe Secured Credit Card do not offer in the same form.
  • Free ATM withdrawals of £250 on a debit card, so everyday cash costs nothing until that allowance runs out.
  • Support runs on email, chat and phone, including phone and chat, rather than on email alone.

Cons

  • The free ATM allowance of £250 ranks 10 of 124, so heavy cash users get less than many rivals.
  • The conversion fee of 0.1% is not free: Starling Personal Account Debit Card lists 0% on its travel card, which costs less for people who only spend abroad.
  • The rate is variable, so the 3.29% earned on the balance can move instead of staying put for a set period.
  • Protection is stated as EU DGS up to EUR 100,000, so a balance held above that ceiling would sit outside the scheme.
Wise

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Scored 9.2 / 10 by SumCue.

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Who it suits

  • People paid in a single currency and spending in another, since the conversion fee is 0.1% and 40 currencies can be held side by side.
  • Travellers who want a debit card with a monthly fee of £0 and interest of 3.29% left in the account.
  • Households running accounts for business and kids.

Who should look elsewhere

  • Starling Personal Account Debit Card, which lists 0% on its travel card, suits spenders who would rather pay no conversion charge than 0.1%.
  • Varo Believe Secured Credit Card is a secured credit card at $0 a month, so it answers a credit building need rather than a debit card that pays interest.
  • bunq, which also charges €0 a month, gives no reason to move on price alone, so the 0.1% conversion fee and the £250 cash allowance are what separate the two.

Fees and currency costs

On the cash management account the monthly fee is £0 and the currency conversion fee is 0.1%. The monthly charge sits at the floor for an account of this kind, so it is rarely the deciding factor. The conversion fee is the line that matters, because it applies each time money moves between currencies rather than once a month. A household paid in a single currency and living in another pays 0.1% on every conversion, so the charge earns its place only if money genuinely crosses currencies. A reader who keeps to a single currency will feel it as pure cost.

Using it day to day

The card is a debit card, so spending comes straight out of the balance and there is nothing to clear each month. Free ATM withdrawals run to £250, which covers the odd cash visit but not a week of paying with plastic. Support is broad, running on email, chat and phone, so a question about a declined payment can go to phone or chat instead of waiting on email, with a help centre for the routine ones. That combination suits someone whose spending mostly matches the currency they are paid in, since the card then works as a wallet attached to the account rather than a separate bill.

Where it sits among rivals

Among the 422 brands compared on monthly fee, Wise sits at 1, so the standing charge is not where this card gives ground. The picture changes on the two measures that cost money in practice. On currency conversion fee the position is 110 of 258, and on free ATM withdrawals it is 10 of 124. Read that as a fair price for holding and converting money, paired with a thinner proposition for anyone taking cash out often.

Safety of your money

Wise Europe SA appears on the National Bank of Belgium register under 0713629988, with a Belgian passporting entry filed as PSD_PI BE_NBB!0713629988. A separate registration with the Cyprus Securities and Exchange Commission is listed as MiCA CASP 549300ET4IUR6RCZOL84, and the Lithuania entry appears as PSD_EMI LT_LT_BL_304940980. The account is therefore supervised in Belgium, Cyprus and Lithuania rather than sitting outside a regulated framework. On the balances themselves, protection is stated as EU DGS up to EUR 100,000, so money above that ceiling would sit outside the scheme.

Rates and terms

Money left in the cash management account earns 3.29%, and the rate is variable, which means it can move with the base rate instead of staying locked. That suits readers who want money available and growing, since the account gives instant access to the balance and to any gains, and personal transfers move without delay in the UK. The trade is predictability: a variable rate is the price of that access, and readers expecting a fixed return for a set period will not find one here. The quoted figure is a starting point rather than a promise.

Who runs it

The operating entity is Wise Europe SA, headquartered in Belgium and founded in 2011, so the company behind the account is an established business rather than a new entrant. It holds registrations with the National Bank of Belgium, 0713629988, and with the Cyprus Securities and Exchange Commission, MiCA CASP 549300ET4IUR6RCZOL84, alongside the Belgian passporting entry PSD_PI BE_NBB!0713629988 and the Lithuania entry PSD_EMI LT_LT_BL_304940980. Customers deal with Wise Europe SA through email, chat and phone, so help runs on phone and chat as well as email, backed by a help centre.

How Wise compares

Where Wise is available

Available
Belgium, Cyprus, Lithuania, United Kingdom
Licence in Belgium
National Bank of Belgium (0713629988), checked September 26, 2026
Licence in Cyprus
Cyprus Securities and Exchange Commission (CySEC) (MiCA CASP 549300ET4IUR6RCZOL84), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Greece, Spain, Finland, France, Croatia, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia
Licence in Lithuania
LT_BL (PSD_EMI LT_LT_BL_304940980), 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
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 does the account cost to run?+

The monthly fee on the cash management account is £0, and the pricing runs on the no annual fee model, so there is no separate annual charge. bunq sits at €0 and Varo Believe Secured Credit Card at $0, so Wise competes on conversion pricing and the interest paid on the balance rather than on the standing fee.

How much does it cost to convert currency?+

The currency conversion fee is 0.1%, and the account can hold 40 currencies at once, so money can sit in the currency you are paid in and convert only when you spend. Starling Personal Account Debit Card lists 0% on its travel card, so a reader who never converts pays less there.

Is my money protected if the provider fails?+

Protection is stated as EU DGS up to EUR 100,000, which is a ceiling on eligible balances rather than a promise covering every balance held. Wise Europe SA is registered with the National Bank of Belgium under 0713629988, so a supervised entity holds the money and the scheme applies up to that limit.

Who regulates Wise?+

Regulated in Belgium by the National Bank of Belgium, listed as 0713629988, with a Belgian passporting entry under PSD_PI BE_NBB!0713629988. The Cyprus Securities and Exchange Commission registration reads MiCA CASP 549300ET4IUR6RCZOL84 and the Lithuania entry reads PSD_EMI LT_LT_BL_304940980, so the group is supervised across several markets.

Can I get at my money quickly?+

The account gives instant access to the money and to any gains, and personal transfers go through without delay in the UK, so there is no notice period to plan around. It is a cash management account, cash management, and that access is the trade for the variable rate paid on the balance.

What card do I get and how much cash can I take out?+

The card is a debit card, so spending comes straight from the balance. Free ATM withdrawals run to £250, and cash heavy readers should weigh that allowance against bunq or Starling Personal Account Debit Card if withdrawals matter more to them than a conversion fee of 0.1%.

Does the balance earn interest?+

Money left in the account earns 3.29% and the rate is variable, so the figure can move with the base rate. That makes it a sensible home for money you want available and earning rather than locked away, and the interest is what separates Wise from bunq and Varo Believe Secured Credit Card.

How do I get help if something goes wrong?+

Support runs on email, chat and phone, so a declined payment or a missing transfer can go to phone or chat without waiting on email, with a help centre covering routine questions. The operating entity behind the account is Wise Europe SA, so any complaint has a named company attached to it.

Sources

Compiled from 10 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Protection.

Wise

Wise

Holding several currencies and converting often, at a conversion fee of 0.1% with a monthly fee of £0.

9.2/10See alternatives