Opening your Wise multi-currency account takes just a few steps and is completely online.
Setup process:
- Create your Wise profile at https://wi.se/xolo
- Verify your business with required documents:
- Photo ID and proof of address for the account representative
- Business registration details and trading addresses
- Details of beneficial owners (anyone with 25%+ ownership)
- Business documents (varies by entity type)
- Source of funds documentation (bank statements, funding agreements, etc.)
- Pay the one-time fee to activate your account
- Start using immediately once verified (typically within 2 working days)
What you get with your account:
✅ Multi-currency management – Hold and convert 40+ currencies instantly at the mid-market exchange rate with transparent, low fees
✅ Local account details – Get account details in 9+ currencies (GBP, EUR, USD, AUD, NZD, HUF, RON, SGD) plus receive via SWIFT in 23+ additional currencies. Customers and investors pay you as if you're based locally
✅ Fast global payments – Send to 160+ countries with 74% arriving in under 20 seconds*
✅ Business debit cards – Physical and virtual cards for team spending in 40+ currencies with 0.5% cashback on eligible UK transactions
✅ Earn on balances – Turn on Interest to earn returns on your GBP, USD and EUR while continuing to send and spend your money. Capital at risk, growth not guaranteed**.
✅ Complete financial toolkit – Invoice generator, payment links, batch payments (up to 1,000 multi-currency payments at once), multi-user access with custom permissions, and spending controls
✅ Connected operations – Direct integrations with Xero, QuickBooks, Stripe, Amazon, Upwork, and more for automatic transaction syncing
Connecting to Xolo Leap:
For automatic accounting, connect Wise to Xolo Leap via API.
In your Xolo Leap dashboard, go to 'Banking' > 'Open banking', select Wise from the dropdown, and authorise read-only access to your statements.
This eliminates manual data entry and keeps your books current automatically.
No monthly fees – Just the one-time setup fee. Pay only for what you use with transparent pricing on transactions.
*Transaction speeds claimed are based on our research from q3 2025. However the speed also depends on individual circumstances and may not be available for all transactions.
**Learn more at wise.com/interest.