A Wise multi-currency account is perfect for those who need to manage multiple currencies for personal or business purposes. It allows you to hold, receive, and exchange over 50 currencies with low fees and real exchange rates. In this step-by-step guide, we will walk you through setting up a Wise multi-currency account.
Step 1: Create a Wise account
If you haven’t already, sign up for a Wise account by following our guide on “How to Create a Wise Account.” Make sure your account is fully set up, including identity verification.
Step 2: Log in to your Wise account
Visit the Wise.com website and log in to your account using your email address and password or your Google/Facebook/Apple login.
Step 3: Access the Balances section
After logging in, navigate to the “Balances” tab on your account dashboard. This is where you will manage your multi-currency account.
Step 4: Open a balance in a new currency
Click the “Open a balance” button and choose the currency you wish to add from the dropdown menu. Wise supports over 50 currencies, including popular options such as USD, EUR, GBP, AUD, and CAD. Repeat this process for each currency you want to add to your multi-currency account.
Step 5: Review your account details for each currency
Once you’ve opened a balance for a specific currency, click on that currency in the “Balances” tab. You will find your unique account details, such as account number, routing number, IBAN, or SWIFT code, depending on the currency and your location. These account details can be used to receive money in the respective currency from anywhere in the world.
Step 6: Add money to your multi-currency account (optional)
If you’d like to add funds to a specific currency balance, click on the “Add” button next to the currency in the “Balances” tab. Follow the on-screen instructions to transfer funds from your bank account, debit card, or credit card. Note that fees and processing times may vary depending on your location and the payment method used.
Step 7: Exchange currencies within your multi-currency account (optional)
To exchange funds between your different currency balances, click the “Convert” button next to the currency you want to exchange. Select the target currency and enter the amount you wish to convert. Review the conversion details, including the exchange rate and any fees, before confirming the transaction.