If you need to make transfers or pay invoices from your business account, the tips below should assist you in making sure your money arrives safely and your recipient gets the exact amount they need.
Adding a reference
When creating a transfer with us, we give you the option to add a reference in Step 4 of set up. For a lot of business transfers, this reference is crucial, so please check the table below to see the limitations on references in our receiving currencies.
| Currency | Reference length allowed | Reference sending method |
|---|---|---|
| GBP | 18 characters | Sent with bank transfer |
| USD | 10 characters | Sent with ACH transfer |
| EUR | 140 characters | Sent with bank transfer |
| INR | 16 characters | Sent with bank transfer |
| PLN | 35 characters | Sent with bank transfer |
| CHF | 50 characters | Sent via email only |
| DKK | 35 characters | Sent with bank transfer |
| NOK | 35 characters | Sent with bank transfer |
| SEK | 12 characters (25 characters with Bankgiro payment) | Sent with bank transfer or Bankgiro |
| AUD | 18 characters | Sent with bank transfer |
| NZD | 12 characters | Sent with bank transfer |
| CAD | 50 characters | Sent via email only |
| BGN | 35 characters | Sent with bank transfer |
| CZK | 25 characters | Sent with bank transfer |
| GEL | 35 characters | Sent with bank transfer |
| HUF | 35 characters | Sent with bank transfer |
| RON | 30 characters | Sent with bank transfer |
| HKD | 50 characters | Sent via email only |
| IDR | 35 characters | Sent with bank transfer |
| KRW | 35 characters | Sent via email only |
| MYR | 35 characters | Sent with bank transfer |
| PHP | 35 characters | Sent with bank transfer |
| SGD | 25 characters | Sent via email only |
| THB | 50 characters | Sent via email only |
| AED | 35 characters | Sent via email only |
| COP | No reference | As recipients in Colombia must fill in a form to receive payment, any recipient would be aware of your incoming transfer |
| LKR | 35 characters | Sent via email only |
| MAD | 50 characters | Sent via email only |
| MXN | 100 characters | Sent with bank transfer |
| ZAR | 18 characters | Sent with SWIFT transfer |
| VND | 35 characters | Sent via email only |
| JPY | No reference included |
Sending an exact amount
Wise offers guaranteed rate. As long as we receive your money within a specified amount of time, then the rate you saw when creating the transfer is the rate you’ll get.
Enter how much your recipient gets
You can enter exactly how much you’d like recipient to get. This way, we’ll calculate any fees and conversion for you. Then all you have to do is pay within the guaranteed rate period.
Pay within the guaranteed rate period
We’ll show you when we guarantee the exchange rate. If you’re not paying instantly, we'll show you how long we guarantee the rate for.
As long as you pay within the guaranteed rate period, we convert your money at that rate and send the exact amount.
Some payment methods like debit or credit card take seconds. Others, such as bank transfers, take longer which means you need to pay before the guaranteed rate expires to send the exact amount.
If you can open a Wise balance, you can choose to pay using your balance. This means we can take the exact amount from your balance even if we can’t guarantee the exchange rate. You just need enough money in your balance to cover the transfer amount.