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Wise Review

Worth it

Should I use Wise?

150+ countries, 40 currencies, one account. Save when you send, spend and manage your money internationally. - wise.com

· 1 month ago

Buy if you regularly send, hold, or spend money across borders — the mid-market rate and per-transfer fees beat traditional banks. Skip it if you need a full bank, cash deposits, or zero risk of your transfer being held for review.

Confidence

Medium. Based on 13 public sources: review sites, Reddit threads, official pricing/security pages, and breach news coverage.

Ratings

  • Value for money
  • Ease of use
  • Feature depth
  • Support quality
  • Security posture

Pricing

£0/month

Personal account

ModelNot disclosed
Monthly fees£0
HardwareNot disclosed
Free tierYes
Business account£0/month

Best for

  • Freelancers invoicing foreign clients
  • Frequent travelers spending multiple currencies
  • Small businesses paying overseas contractors
  • Remote workers holding salaries in different currencies

Not for

  • Large transfers that can't tolerate a compliance hold
  • Anyone wanting loans, credit lines, or cash deposits
  • US-only domestic banking needs
  • Businesses needing guaranteed same-day settlement

Gotchas - check before you buy

high

Large transfers can trigger verification; funds sit frozen while compliance reviews

medium

Fees scale with amount sent — bigger transfers cost proportionally more

medium

US customer data flowed through partner bank Evolve, later breached

low

Business account has a one-time £5 card fee despite no monthly charge

Pros and cons

Pros

  • Converts at mid-market rate with no hidden markup
  • No monthly fee; free to hold 40+ currencies
  • NerdWallet calls it a cheap way to spend and hold abroad
  • 4/5 on Trustpilot; G2 business reviewers cite fast, reliable transfers
  • Regulated payment institution with 15.6M active customers

Cons

  • Reddit users report money held mid-transfer without resolution
  • Small business reviewer: Wise 'acts like they're unable' to help
  • Third-party Evolve Bank breach exposed Wise customer data
  • It's a payment institution, not a full bank
  • 3.9/5 G2 rating trails many fintech peers

Sources & method

- 13 sources - Licensed and regulated; no direct Wise breach, but third-party Evolve Bank incident exposed some customer data.

official x4review x7news x2
  • Evolve Bank & Trust breach, 7.6M people impacted; Wise customers were among those whose data was affected via the US banking partner.
  • Alleged 4.9M Wise Spain records for sale, Hackers claimed a large dataset on a dark web forum; Wise publicly pushed back on the claim. Unverified.

Key stats

  • Value for money: 5/5

    Rating

  • £0/month

    Starting price

  • 13

    Sources

  • Analyzed

  • Value for money: 5/5. Mid-market rate, no hidden markup, no monthly fee
  • Ease of use: 4/5. Capterra reviewers call it easy to use
  • Feature depth: 4/5. Holds 40+ currencies, local account details, business tools
  • Support quality: 2/5. Reddit reports unresolved freezes, slow responses
  • Security posture: 3/5. Regulated, but partner breach exposed customer data
  • 4/5 Trustpilot rating wise.com customer reviews
  • 3.9/5 G2 rating 96 verified reviews
  • 15.6M Active customers per Wise careers page
  • £0 Monthly fee no account fee; pay per transfer

Pricing

Personal account

£0/month

  • Free same-currency send/receive
  • Mid-market rate on conversions
  • Pay per transfer

Business account

£0/month

  • One-time £5 setup/card fee
  • Team access and integrations
  • Per-transfer fees still apply

Security

Licensed and regulated; no direct Wise breach, but third-party Evolve Bank incident exposed some customer data.

  • Evolve Bank & Trust breach7.6M people impacted; Wise customers were among those whose data was affected via the US banking partner.11
  • Alleged 4.9M Wise Spain records for saleHackers claimed a large dataset on a dark web forum; Wise publicly pushed back on the claim. Unverified.12

What users say

Reviewers praise low fees, speed, and ease of use, while Reddit threads describe frozen funds and frustrating support.

“Be careful with Wise - they can keep your money without transfer”
Reddit, r/digitalnomad
“TLDR; Wise acts like they're unable”
Reddit, r/smallbusiness
“Wise is incredibly reliable for fast,”
G2 reviewer
Full analysis

Based on 13 public sources: review sites, Reddit threads, official pricing/security pages, and breach news coverage.

Great cheap tool for multi-currency money; expect compliance holds on big transfers and no full banking.

Methodology

Based on 13 public sources: review sites, Reddit threads, official pricing/security pages, and breach news coverage.

Read how a report is made.

Sources

  1. Wise Reviews | Trustpilottrustpilot.com
    review
  2. Wise Review 2026: Multicurrency Account | NerdWalletnerdwallet.com
    review
  3. Wise Business Reviews | G2g2.com
    review
  4. Wise Reviews | Capterracapterra.com
    review
  5. Be careful with Wise | Reddit r/digitalnomadreddit.com
    review
  6. DON'T use Wise for Money Transfers | Reddit r/smallbusinessreddit.com
    review
  7. Wise Fees & Pricingwise.com
    official
  8. Fees for holding, receiving, and spending moneywise.com
    official
  9. Wise Business Account Review | Statrysstatrys.com
    review
  10. Product security page | Wisewise.com
    official
  11. 7.6m impacted in Evolve breach, Wise customers affected | Cyber Dailycyberdaily.au
    news
  12. Wise pushes back after hackers claim 4.9M data records | Cybernewscybernews.com
    news
  13. The Story of Wise | Wise.jobswise.jobs
    official

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