How to Withdraw Money From Wise to Bank Account?

Last Updated on May, 2024

Receiving or holding funds in your Wise account? Looking for a way to transfer the money into your bank account or another recipient for easy withdrawals?

This article is what you need!

Why use Wise? Wise is a popular online money transfer platform that allows individuals and businesses to send and receive money internationally at competitive exchange rates.

In this in-depth guide, we’ll go over everything you need to know about withdrawing money from Wise to a bank account, including the step-by-step process, fees, and tips for optimizing your transactions. 

Ready? Let’s dive in!

Quick Summary

The article provides a step-by-step guide for withdrawing money from Wise to a bank account, including instructions on linking bank accounts or adding oneself as a recipient.

The Wise debit card can be used to withdraw funds from ATM networks in 170+ countries at the mid-market exchange rate, with a limit of 2 fee-free withdrawals per month. Fees and limits for different payment methods and currencies should be checked before making a transfer.

Wise also offers an international debit card for immediate cash withdrawals at ATMs, with fees and limits that vary based on location and currency.

Withdraw Money From Wise to Your Bank Account

wise online money transfer

If you have funds in your Wise account and want to withdraw money to your desired bank account, here are the things you need to know:

Link Your Bank Account to Wise (US, UK, or Canada Only)

If you’re a US, UK, or Canada resident, linking your bank account to Wise is straightforward. Why do I need to link my bank account? 

This linking process only needs to be done once. After that, you can instantly transfer funds between Wise and your linked bank account with ease.

To link your account, follow the simple guide below:

  • Log into your Wise app or account online.
  • Click on your name at the top right corner and select “Settings” from the dropdown menu.
  • Then select “Connected Accounts” and click “Connect your bank account”.
  • Choose your country from the supported list (US, UK, or Canada).
  • Enter your bank details and account type (checking or savings).
  • Complete the verification steps (instant or manual verification).

Wise will manually verify your account details. Once verified, your bank account will be linked to Wise. You can find the linked account in the “My Account” or “Recipients” tab in your Wise dashboard.

Add Yourself As the Recipient

Do you not see the option to link your bank account, or is your region not supported? Nothing to worry! Wise allows users to add themselves as a recipient.

Here’s the step-by-step breakdown:

  • Go to the “Recipient” tab on the left and click “Add recipient.”
  • To choose yourself as the recipient, click on “Myself.”
  • Select the currency you want to receive based on your account destination.
  • Enter your name, bank details, and account number.

Pro Tip: Wise will provide the required fields to add your bank account, such as routing number, BSB, account name, etc. It is essential to double-check that all details are accurate to ensure a smooth transfer.

  • If requested, verify your Wise account with the necessary steps.
  • Confirm the information to create and add the recipient account automatically.

Now you know how to link your bank account or add yourself as the recipient; you will look at the withdrawal process.

Withdrawal Process 

Once your bank account is linked or you’ve set yourself as a recipient, withdrawing funds from Wise is a piece of cake.

Step #01: Log into the Wise app and go to your balances page in the dashboard

Step #02: Select the currency balance and click “Send”

Step #03: Choose yourself as the recipient or select your linked bank account

Step #04: Enter the amount and review the transaction details, such as fees, exchange rates, account details, etc.

Step #05: Finally, click the “Send money” option. 

Thefunds will be sent from your Wise balance to your account within 1 to 3 business days, depending on the destination and amount. Don’t forget to track your Wise transfer for details like the amount received and real-time updates. That’s the complete process! 

Once the money arrives in your bank account, use your regular bank card to withdraw money from any ATM.

Note: Remember to choose the local currency when withdrawing from your bank account abroad to avoid currency conversion fees, e.g., select EUR in France.

If you want to learn more about Wise, read our review here.

Withdraw Money From Wise International Debit Card At an ATM

a man putting a wise debit card inside his shirt pocket

If you need cash in hand immediately without transferring funds to a bank account, guess what? Wise International Card is your ideal choice. 

The Wise card can send, receive, hold, and withdraw balances in your Wise account worldwide. The card allows you to spend abroad with a real exchange rate and save on ATM withdrawals.

Here are the key points to know:

  • Ordering the Wise Debit Card: 

To withdraw money from an ATM, you first need to order a Wise card from your Wise account. This can be done for a one-time fee of USD 9 without monthly or annual subscription fees.

  • Log into Wise and click on “Card” option.
  • Fill in the required fields, such as a delivery address, PIN, name on card, etc.
  • Next, wait for your card’s arrival, and finally, activate your card with a 6-digit code given on it.
  • Using the Card for Withdrawals: 

Once your Wise card is activated, you can withdraw funds from ATM networks in 170+ countries. The withdrawal process is the same as typical debit or credit card withdrawals. 

Insert your Wise card, select the option for withdrawal, enter the amount, and provide your Wise security PIN code. The funds will be deducted at the mid-market exchange rate for the local currency.

  • Wise Card ATM Withdrawals Fees and Limits:

You can make 2 fee-free withdrawals of up to USD 100 each month. After that, a fee of 1.5 USD per withdrawal, plus a 2% fee on any amount over 100 USD, will be added.

In addition, for security reasons, Wise enforces daily and monthly ATM withdrawal limits. For the US, the default daily limit is USD 250 with a maximum of USD 1000, and the monthly limit is USD 1500 with a maximum of USD 6000.

How to Transfer Money From Wise to Another Bank Account?

sending money from wise to another bank account

There are a few different instances where you’ll need to send funds to another account or business, such as paying a supplier or vendor. Below, we will look at how it’s done in detail.

Send Money to Another Recipient or Business

As discussed previously, sending funds from your Wise account to another bank account or business is almost similar to sending them to yourself. 

  • Log into your Wise online and select the balance you want to transfer
  • Click on the “Send” option and enter the amount you wish to send
  • Instead of selecting “Myself” as the recipient, choose “Someone else” or “Business/organization.”
  • Enter the recipient’s or business’s details, such as name, email address, bank details, etc.
  • Review all the details and choose how to pay
  • Then, confirm the transfer, and you’ll notified when your money is on the way.

Did you know: When you’re sending money to someone else or a business, the recipient doesn’t need a Wise account to receive the cash. They only need a bank account, and the money will be deposited directly into their account.

Send Money With Wise if You Don’t Hold a Balance in Your Wise Account

If you need to transfer money via Wise but don’t have enough balance deposited in your account, Wise has you covered. You can initiate the transfer by funding your account using various payment methods, such as bank, wire transfer, or card. 

To send money through Wise:

  • Click the “Send money” option in the dashboard.
  • Enter the amount and select a payment method (use Wise calculator to compare fees upfront).
  • Type in the recipient’s bank details and, at the end, review the transfer.

It’s important to note specific payout options are linked with higher fees, like credit card options, but offer near-instant transfers. Usually, the most cost-effective option to fund your Wise account is through a bank or wire transfer. Thereby, select an option that works best for your needs and urgency.

Wait… Before withdrawing money, do you know how to receive money with Wise? Read this guide first.



Withdrawing money from Wise to a bank account is a seamless process. You can initiate a withdrawal by linking a bank account or adding yourself as the recipient. Alternatively, to avoid the transfer hassle, order yourself a Wise card to withdraw money at ATMs worldwide. 

Remember to stay informed of fees, payment methods, and limits to easily transfer your money to your desired bank account. 

Now that you have all the information you need, take control of your international money transfers and make the most out of your Wise account.

Frequently Asked Questions

Yes, you can withdraw cash from a Wise account using two methods. The first method is to send money to your personal bank account through the Wise app or desktop site. The second method is to use the Wise debit card at ATMs around the world. Please note that there may be fees and limits for cash withdrawals, which may differ based on location and currency.

Yes, you can withdraw money from Wise to a currency different from your preferred bank account. However, there may be a conversion fee for this service, which can be approximately 0.41% of the transfer value for major currencies. It is recommended to check the current fees on the Wise website or app before making a withdrawal.

The fees for making a payment from your Wise balance vary depending on the currency. For same currency transfers (e.g., USD to USD), the fee is usually free. For different currencies, there is a variable fee of around 0.41% and a fluctuating fixed fee. Additional costs may apply for funding your Wise account through a card or bank transfer, depending on the chosen payment method and currency. The exact fee can be checked on the Wise pricing page.

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Allen Morning
I'm Allen Morning, with a background spanning over 15 years in international finance and education from Harvard and Stanford. I founded Currenciap with a vision to demystify and streamline global financial transactions. My journey in finance has fueled my commitment to creating a platform that is both user-friendly and efficient, making international finance accessible to everyone. You can find more about me here.

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