Key information
Adding a bank account
What is Wise?
Key information
- A payout method is the account where we send your money.
- Your invoice currency and payout currency can be different. You can only invoice in four currencies (EUR, USD, GBP, and PLN), but you can choose from many more payout currencies.
- You need to add a payout method for each currency you invoice in.
You can invoice and get paid in the same currency, but that's just one option. For example, if you live in Romania and have a client in the US, you can invoice them in USD and get paid in EUR or RON.
You choose your invoice currency when you enter your deal details:
Part of the Invoice a client form.
You choose your payout currency in your account settings:
- Log in to Useme.
- Go to Settings > Payouts.
- Click "Set up" next to the currency you invoice in.
- Enter the details of your payout method and save them.
The Payouts section in your account settings.
Available payout methods
The payout methods you can use depend on your country of residence.
|
Country of residence |
Invoice (deal) currency |
Available payout methods |
|
SEPA countries (except for Poland |
EUR, USD |
|
|
GBP, PLN |
|
|
Non-SEPA countries |
EUR, USD |
|
|
GBP, PLN |
|
|
Poland |
PLN |
|
|
EUR, USD, GBP |
|
Adding a bank account
When you add your bank account details, make sure you:
- Use the IBAN format, which starts with two letters before the account number. For countries outside the EU, enter also BIC/SWIFT number. You can find it on your bank's website.
- Pick the right country for your account.
- Choose the currency your account uses.
If your account's country isn't on the list, contact us.
What is Wise?
Wise is a multi-currency account. It works well for currency conversion because it uses mid-market exchange rates.
Learn more: Currency conversion costs and bank fees