BBCIncorp x Wise: Additional Payment Benefits For Global Corporate Clients

Clients registering for a Wise Business account through BBCIncorp services shall benefit from various exclusive offers and dedicated support from our team. Discover how Wise can become your banking solution below.

Wise for processing international payments effortlessly

Overview of Wise

Wise is a global technology company, building the best way to move and manage the world’s money.

With a Wise Business Account, people and businesses can hold over 40 currencies, move money between countries, and spend money abroad. Large companies and banks use Wise technology too; an entirely new network for the world’s money.

Co-founded by Kristo Käärmann and Taavet Hinrikus, Wise launched in 2011 under its original name TransferWise. It is one of the world’s fastest-growing, most profitable tech companies and is listed on the London Stock Exchange under the ticker, WISE.

Today, 10 million active customers use Wise. In fiscal year 2023, Wise processed approximately £105 billion in cross-border transactions, saving customers around £1.5 billion.

What currencies does Wise support?

Wise offers a wide range of currencies:

Adding money

Customers can add funds in 18+ currencies, including the Australian Dollar, Canadian Dollar, Swiss Franc, Danish Krone, Euro, British Pound, Hungarian Forint, Japanese Yen, New Zealand Dollar, Singapore Dollar, and United States Dollar.

Receiving money

With Wise, your business will get unique account details to receive payments from clients in 9+ currencies: Australian Dollar, Canadian Dollar, Euro, British Pound, New Zealand Dollar, Singapore Dollar, United States Dollar, Hungarian Forint, and Turkish Lira.

Holding balances

Additionally, you are entitled to hold money across more than 40 currencies in the account and convert them using the mid-market exchange rate.

Which types of businesses can open a Wise account?

Wise is beneficial for several types of businesses:

Business structure supported

• Sole traders
• Freelancers;
• Partnerships;
• Limited and public companies; and
• Charities and trusts in the European Economic Area (EEA), Canada, the U.S., the U.K., Switzerland, Australia, and New Zealand;

Restricted business activities

Wise wouldn’t work for businesses involved in activities including:

• Alcohol
• Tobacco
• Pharmaceuticals
• Chemicals
• Gambling
• Adult content
• Cryptocurrency trading

Available jurisdiction

Wise is regulated in various markets it operates in, including the UK, US, Singapore, Australia, and more. More information here.

Why set up a Wise account through BBCIncorp?

Exclusive benefits for our customers

With a Wise Business account, your business will be able to enjoy:

• Global transactions with ease in over 40 currencies and across over 80 jurisdictions
• A variety of services catering to your needs: multi-currency accounts, easy transfers, debit cards, foreign currency exchange, software integration, payment APIs, etc.
• Transparent and low fees
• Timely and dedicated support with practical solutions from Wise Customer Support team

Furthermore, as a BBCIncorp client registering for a Wise Business account, you get to choose from exclusive deals such as:

• Free business account opening fee; or
• Free transfer fee for your first transaction (up to GBP 10,000).

Quick guide to registering a Wise account online

Setting up a Wise account with us is a straightforward and seamless process. In particular, below are the essential steps you will need to take:

Step 1: Visit our banking service site and get in touch with our team to place your order

Step 2: Receive the confirmation email with the registration link

Step 3: Click on the suitable link and proceed directly to Wise’s site

Step 4: Select “Business Account”

Step 5: Locate your business in our drop-down menu; or manually input your business name and address

Step 6: Fill out the required fields with details of the account owner

Step 7: Add the beneficiaries of your company

Step 8: Confirm your identity with an ID photo

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