New! Wise multi-currency account: One account. Zero hassle.

We are thrilled to announce that our customers in Japan can now open a multi-currency account to receive money for free.

What is a multi-currency account?

The Wise multi-currency account is designed for people living international lives. It lets you pay and get paid around the world. There are no hidden fees, and you no longer need bank accounts in multiple countries.

We built it because getting a bank account abroad is difficult, time-consuming and expensive. And that’s a problem for expats, freelancers and people who live and work in more than one country. It’s also a problem for international businesses.

How does the multi-currency account work?

You can get:

• UK account number and sort code
• European IBAN
• US account number, routing and wiring number
• Australian account number and BSB number
• New Zealand account number
• Singapore SWIFT/ BIC code and account number

These are your personal bank details. You can give them to friends, family, companies or clients in the UK, Europe, US, Australia, New Zealand and Singapore to get paid in local currencies, directly into your Wise account. It'd be a local bank transfer for your sender so it's free for you to receive money with these bank details.

How do I set up a multi-currency account?

You can set it up quickly and easily online.

• Sign up for a Wise account and once your account is verified, you can get instant bank details.
• Log in to your account and open a balance. Bank details are available for AUD, NZD, GBP, USD, EUR and SGD.

For businesses, it costs a one-time set up fee of 3,000 JPY. Once you're set up, you can receive money in your account for free.

How many currencies can I hold?

You can receive money for free in 6 currencies, hold and manage money in more than 50 currencies. See this for the full list of supported currencies.

Switch between currencies effortlessly with a small, transparent fee. There are no set-up fees or monthly charges. And it costs you nothing to receive payments.

What else do I need to know?

Once you’ve opened your balance, you can top up your multi-currency account to convert currencies and send money. If you’re topping up your account using JPY, this is capped at 1 million JPY per top up.

You can receive money into your 6 local bank details for free in AUD, NZD, GBP, USD, EUR and SGD. We currently don’t offer JPY account details.

You can withdraw JPY from your Wise multi-currency account by sending money from your balance to your local Japan bank account. This is capped at 1 million JPY per transfer.

Due to local regulations, if you’re sending money using balances in your multi-currency account, the target amount you can send will be capped at 1 million JPY or equivalent in the target currency. For instance, if you’re sending 10,000 GBP (1.37M JPY) to a recipient in the UK and wish to fund the transfer using your balance, you’d need to perform two separate transfers to your recipients.

Get your bank details now.

What's next?

We're working on a multi-currency debit card for Japan residents. With this card, you can spend in any currency worldwide at the real exchange rate. To get early access to this card, join our wishlist now.