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Wise

How to setup/use Wise (formerly Transferwise)

Updated over 2 weeks ago

Wise is an EXCELLENT online banking service which allows you to create many different currency accounts in a large number of countries.

Benefits

  • Unbeatable exchange rates
    Wise offers the best currency exchange rates.

  • Easy-to-Use
    Wise is super easy. They have an excellent app and browser version which work seamlessly together.

  • Virtual and physical cards
    In addition to bank accounts, you can get physical and virtual Visa Debit cards which can be connected to your Google Pay and Apple Wallet or be used at the ATM.

  • Many different accounts in different countries
    In minutes, you can have real bank accounts in 40+ countries. These are real bank accounts in their respective countries that can be used for incoming and outgoing payments in those currencies.

  • Quick and easy currency conversion
    Instantly move money between accounts and pay very little in fees. For example, move funds between your USD and EUR account and then pay yourself in EUR.

Recommended configuration for non-US creators

We recommend being paid out in USD to your Wise USD account to minimize currency conversion fees. You can then convert from USD to your local currency in your Wise account. One the funds are in your local currency, you can withdraw the funds.

Note: USD accounts are currently only available for personal Wise accounts, not for those using Wise Business.

How do I set up a USD account if I'm not in the USA?

  1. In your Wise dashboard, click Add another currency to your account:

  2. Select USD, and you will then see your new USD account:

  3. Click Get account details

  4. You will see further instructions and may need to add funds before your account information is revealed.

  5. Once you have your USD account information, you can enter this in our system in My account > Payouts.

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