Most people discover Wise because they need to send money abroad and do not want to pay their bank's extortionate fees. They make one transfer, save $30, and feel satisfied.
What they do not realise is they have barely scratched the surface.
8 Wise Features Most People Never Use
1. Use It as Your Travel Card and Never Pay Foreign Transaction Fees Again
Most bank cards charge 2.5 to 3.5% on every foreign currency transaction. On a two-week trip abroad spending $3,000, that is up to $105 in invisible fees. The Wise debit card converts at the mid-market rate with a minimal conversion fee, far better than your bank card markup.
2. Get Paid Like a Local, Even by International Clients
Wise gives you local bank account details in USD, EUR, GBP, AUD, CAD, NZD, SGD, RON, and HUF. Share these with international clients and they pay you as if you are a domestic business, with no international wire fees and no SWIFT delays. This alone can save freelancers $20 to $50 per incoming payment.
3. Hold Multiple Currencies and Convert Strategically
Rather than being forced to convert the moment money arrives, you can hold balances in 40+ currencies and choose when to convert. If the EUR/USD rate is unfavourable today, sit on your euros and wait. When the rate improves, convert in seconds.
4. Set Rate Alerts and Auto-Convert
Do not have time to watch exchange rates? Set a target rate on any currency pair and Wise will automatically convert your balance when the rate is hit. It is a passive way to optimise your conversions without obsessing over financial markets.
5. Use the Wise Business Account for International Invoicing
If you run a small business with international clients or suppliers, the Wise Business account adds powerful tools: batch payments to multiple recipients in one go, integrations with Xero and QuickBooks, and the ability to pay international invoices without a bank wire.
6. Send Large Amounts More Efficiently Than a Bank Wire
For big transfers such as property purchases or moving your savings when relocating, traditional bank wires can cost hundreds of dollars in fees and markup. Wise supports up to $1 million per transfer in licensed US states and offers consistently better rates than banks for high-value sends.
7. Split Expenses With Friends Abroad
Travelling with a mixed-currency group? Wise makes it easy to settle up across borders. You can request money, send splits, and pay in different currencies, all at the real exchange rate, so no one gets the short end of the conversion.
8. Share Your Referral Code and Earn Rewards
Once you have a Wise account, you get your own personal referral code to share. When someone signs up using your code and completes a qualifying transfer, Wise may give you a reward. Your referee also gets a fee-free first transfer, a genuine win-win. Head to our referral code page to see how to find, share, and use a Wise referral code.