How do I open an account with Wise?

---

Many financial companies have made it easier for Ukrainians to access their financial products from 2022. Wise, an innovative British financial company, is no exception. Its services are available to our compatriots all over Europe.

How reliable are Wise transfers? The operator is obliged to save clients' funds in financial structures with minimal risk. Over 8 million unique users have used the system for the whole time of its existence.

Assistance in opening a bank account in Wise for Ukrainians all over the world

Wise -.service for storing funds and making payments. Legal team will teach you how to effectively use this financial instrument. Applying for consultation and opening an account with us, you will receive:

• initial consultation of an international finance specialist with 10 years of experience;
• identity verification;
• the ability to make transfers via SWIFT and bank card;
• details for accounts in EUR, GBP, USD and some other currencies,
• open account;
• conversion of funds at the real exchange rate.

Quick introduction to Wise financial service

Find out now the full list of supported currencies. During the first consultation, an international financial products specialist will tell you what documents you will need to open an account. With us, the process will be quick and comfortable, with support at every step. You will immediately be able to freely manage your account.

Please note that both individuals and legal entities can use Wise.

Want to entrust our team with account opening? You can order the service:

• by phone;
• by e-mail;
• in messengers.

What to prepare before applying

Verification comes down to one question: who you are and where the money comes from. The package is therefore put together in advance — an identity document, proof of address and, for a company, the constituent documents and the ownership structure down to the ultimate beneficial owner, a description of the activity and the main counterparties. The source of funds is explained separately, with contracts, invoices and statements. The fuller this package is on the first submission, the fewer follow-up questions come back.

Why applications are declined

Three reasons come up most often. The details in the form do not match the documents — a different spelling of the name, an outdated address. The activity is described too generally, so the service cannot tell what operations will run through the account. The third is a mismatch between the client profile and the service rules: not every jurisdiction and not every type of activity is served. A repeat application after a refusal is reviewed more strictly, which is why the first attempt is prepared carefully.

After the account is open

An open account is the first step. Large incoming payments are usually followed by a question about the origin of the funds, and that question is answered with documents. For a business, two further points arise: tax residence and reporting on foreign accounts in the country where you pay tax. Both individuals and legal entities can use Wise, and the document set differs between them.

Related pages

how to open an account with Revolut, how to open a PayPal account, how to open an account with Stripe, unblocking of the client's account in the bank.

---