How to open a payment system account in Wise
Main characteristics and experience with the payment system
Cost
2750 USD
Beginning of cooperation
June, 2018
Last contact
September, 2023
Last update
November, 2023
Being professional intermediaries, we are limited in giving public opinion about some financial institutions. Please contact us directly to obtain more detailed feedback.
- Registered in the UK, regulated by the Financial Conduct Authority (FCA);
- It is possible to open an account for an offshore company;
- Do not work with beneficiaries from the Russian Federation;
- IBAN;
- Possible issue of cards;
- Communication is conducted in English
Cost
2750 USD
Beginning of cooperation
June, 2018
Last contact
September, 2023
Last update
November, 2023
General information and GSL rating
2011
Year of foundation
UK
Country of license issue
FCA
Regulator
GSL rating
Year of foundation
2011
History
Founded by Estonian businessmen Kristo Käärmann and Taavet Hinrikus in January 2011
Personnel
Staff communicates in English
Payment system owners
Kristo Käärmann - 18.16%; AH Capital Management LLC - 8.629%; Taavet Hinrikus - 7.088%; Notorious Ou - 5.726%; Baillie Gifford & Co. - 5.599% и др.
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Minimum requirements
No restrictions
Minimal turnover, €
0
Minimal balance, €
Yes
Do they work with offshore companies
Yes
Do they require a substance
Minimal turnover, €
No restrictions
Restrictions by jurisdiction
Do not work with beneficiaries from the Russian Federation
Tariffs and services
200
Array
0
Array
N/A
Account maintenance, €/month
—
Acquiring commission
Account opening procedure, €
Registration in the payment system - 45 GBP
Array
Transfer fee - from 0.43%
Other services
Cards can be issued
Account opening procedure
Account opening terms
Case by case
Possibility of remote account opening
Yes
Business description
Detailed
Types of accounts
Current
Document requirements
Completed bank forms; copy of client's passport; proof of address; standard set of corporate documents
Possibility of remote account opening
It is possible to open an account and pass identification remotely
Types of accounts
Current
Chances to open an account
Predictable
Business description (text description)
The requirements to the description of the activity are standard: a story about the current state of the business and its formation, disclosure of the source of origin of funds, biography of the account beneficiary and contact information
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