Wise is licensed to make personal transfers in all the countries we operate in. However in some cases, business transfers are slightly more limited. There are some currency routes which we can’t support business transfers to or from due to the way we’re regulated in those countries.
For the majority of our supported currencies there are no restrictions on Wise receiving money from your business.
Learn more about each currency and their limitations by searching for "Guide to [currency] transfers".
Currencies with business limitations
| Currency | Sending account can be a business | Recipient account can be a business | Additional note |
|---|---|---|---|
| AUD | Yes | Yes | See the business types we can support for Australia here. |
| BDT | No | No | Both the sender and the recipient of a transfer to BDT must be a privately owned account of an individual. |
| BRL | Yes | Yes | As defined by the Central Bank of Brazil, if you send money to or from BRL, you (either as a person or a business) must provide the corresponding transfer nature code. |
| CNY | Yes | Yes | Businesses in China can't receive CNY from AED and TRY |
| COP | Yes | No | The originating currency can arrive to us from a business or personal account, however we cannot make transfers to any businesses in Colombia |
| IDR | No | Yes | Individuals can send IDR to businesses, but businesses can't send IDR. Sole traders can create a account and send IDR, but the sender name would be the name on the personal account. |
| INR | No | Yes | You can send a maximum of 1,500,000 INR in total per day to business recipients in India. |
| JPY | Yes | Yes | We can send transfers from JPY to a business bank account. We can only accept business deposits once personal and business verification are both completed. |
| MYR | No | Yes | Individuals can send MYR to businesses, but businesses can't send money from MYR. Businesses can send out MYR from their balance. |
| NPR | Yes | No | The originating currency can arrive to us from a business or personal account, however we cannot make transfers to any businesses in Nepal. |
| NZD | Yes | Yes | Excluding trusts. See the business types we can support for New Zealand here. |
| PKR | Yes | No | The recipient of a transfer to PKR must be a privately owned account of an individual. |
| TRY | Yes | Yes | Only businesses that are registered in Turkey can make bank transfers from Turkey. |
| TZS | No | No | Both the sender and the recipient of a transfer to TZS must be a privately owned account of an individual. |
| UAH | Yes | No | Wise can only make transfers to personal banks in Ukraine. The originating currency can arrive to us from a business or personal account, however we can't make transfers to any businesses in Ukraine. |
| USD | Yes | Yes | See the business types we can support for the US. |
| VND | Yes | No | The originating currency can arrive to us from a business or personal account. You can only make transfers to any businesses in Vietnam from your balance. |