Wise (formerly TransferWise) offers multi-currency accounts with the mid-market exchange rate and transparent fees. A top choice for UK, Canadian and Australian freelancers receiving international payments.
Quick Verdict
Rating: 4.8/5 — ★★★★½
Best for: Lowest FX fees + multi-currency account for international freelancers
Not ideal for: Crypto payments or instant payouts
Get started with Wise →Key Facts
| Category | payment / money-transfer |
| FX fee | 🟢 0.41% |
| Withdrawal fee | Free |
| Monthly fee | Free |
| Payout speed | same-day |
| KYC level | Standard (ID required) |
| Founded | 2011 |
| HQ | GB |
Country Availability
| UK | Canada | Australia |
|---|---|---|
| ✅ | ✅ | ✅ |
Fees
| Fee type | Amount |
|---|---|
| FX conversion | 0.41% above mid-market |
| Withdrawal | Free |
| Monthly subscription | None |
| Currencies supported | 40+ |
Features
| Feature | |
|---|---|
| Bank transfer | ✅ |
| Card payments | ✅ |
| Crypto | ❌ |
| Virtual card | ✅ |
| Physical card | ✅ |
| Multi-currency | ✅ |
| Business account | ✅ |
| Mobile app | ✅ |
| API access | ✅ |
| Upwork integration | ✅ |
| Fiverr integration | ✅ |
Pros
- Low FX fee — 0.41%
- No monthly fee
- Multi-currency account
- Virtual debit card
- Mobile app (iOS & Android)
Cons
- Check availability in your country
Who Should Use Wise
Perfect for: Lowest FX fees + multi-currency account for international freelancers
Skip it if: Crypto payments or instant payouts
How to Get Started
- Visit https://wise.com and create an account
- Complete identity verification (Standard (ID required))
- Set up your payment receiving details
- Share with clients or connect to your freelance platform
Frequently Asked Questions
Is Wise available in the UK? Yes — Wise is fully available in the UK.
Is Wise available in Canada? Yes — Wise is fully available in Canada.
Is Wise available in Australia? Yes — Wise is fully available in Australia.
What are Wise's fees? Wise charges 0.41% for currency conversion.
Is Wise safe? Wise is a regulated financial service with a strong safety record. Always verify current regulatory status on their website.
This review was last updated 2026-03-30. Fees and availability may change — always check Wise's website for the latest information.
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