Business Tools
Wise: Transfer Money to Your Bank Account
March 11, 2023•4 related topics
Wise (formerly TransferWise) is a popular platform for international money transfers with low fees. Here's how to transfer money from Wise to your own bank account.
Adding Yourself as a Recipient
To withdraw money from Wise to your bank:
- Log into your Wise account
- Go to Recipients
- Add yourself as a new recipient
- Enter your bank account details
- Save the recipient
Making a Transfer
Once you've added yourself:
- Select "Send money"
- Choose yourself as the recipient
- Enter the amount
- Review the fees and exchange rate
- Confirm the transfer
Why Agencies Use Wise
International Clients
Accept payments from clients worldwide without expensive wire fees.
Multi-Currency
Hold and convert multiple currencies in one account.
Low Fees
Often significantly cheaper than traditional banks for international transfers.
Sometimes Zero Fees
Certain transfer types have no fees at all.
Referral Program
Wise offers a referral program where you can get free transfers (up to $600 in value) for referring others.
See Also
- Wise — The platform
- Payment Processing — Accepting payments
- International Business — Working globally
- Agency Finances — Managing agency money
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