Wise keeps your money safe in accounts that are separate from the ones we use to run our business. As interest rates rise, we believe it’s right to share the interest from the money you hold with us.
Balance cashback is available to all customers in Brazil on BRL holdings.
How is the cashback calculated?
Wise pays balance cashback each month based on the BRL you hold in your Conta Wise. You agree that the cashback rate is variable and that we may change the rate and/or stop paying cashback at any time.
For eligible balances held in Wise accounts in March 2025, Wise paid an annualised return rate of:
9.83% for any BRL
How do taxes work for BRL balance cashback?
Wise Pagamentos is required to withhold 22.5% of cashback paid out in Brazil. We deduct 22.5% withholding tax at source and pay it to the Brazil tax authorities on your behalf.
If you've received cashback then you can get a tax statement (credit advice) on web only.
From your Wise account on web:
Select your profile in the top-right corner
Select Statements and reports
Select Balance cashback tax statement
For example, if you held a balance of 1,000 BRL for a whole month and received 6.26 BRL back to your balance, we would’ve already deducted 22.5% to pay the withholding tax for both transactions.
How much do I need to hold to receive cashback?
Based on the cashback rates for April 2025, you would need to hold a minimum balance of 12 BRL for the whole month to receive a cashback.
The cashback is based on our calculations of how much you hold in your account each day and for the days there was money in your account. This is done over a period of one month.
Who's eligible for cashback?
You'll receive cashback for any funds and Jars with a positive balance of BRL held in your Conta Wise.
You won’t receive cashback if:
your Wise account is outside of Brazil (any days your account was registered outside of Brazil won’t be eligible for cashback)
you don't hold BRL
you close an eligible balance or Jar before cashback is paid
your account is suspended or deactivated
your balance is negative
the pre-tax amount of cashback would be less than 0.10 BRL
we believe you have breached our Customer Agreement
you've opted out of receiving balance cashback
How can I opt out of balance cashback?
Wise has automatically enrolled all customers in Brazil into receiving balance cashback.
If you’d like to stop receiving balance cashback, you can opt out at any time.
When should I expect cashback?
We process cashback payments on a monthly basis. While we don't have a specific date or period for these payments, rest assured that if you meet the eligibility criteria, you'll receive your cashback within the month.