Wise keeps your money safe in accounts that are separate from the ones we use to run our business. As interest rates rise, we believe it’s right to share the interest from the money you hold with us.
Balance cashback is available to all customers in the European Economic Area (EEA).
How is cashback calculated?
Wise pays balance cashback each month based on the EUR, GBP and USD you hold in your Wise account. You agree that the cashback rate is variable and that we may change the rate and/or stop paying cashback at any time.
For eligible balances held in Wise accounts in April 2025, Wise paid an annualised cashback rate of:
1.00 % for any EUR
2.80% for any GBP
2.80% for any USD
How do taxes work with balance cashback?
Wise Europe operates within the tax jurisdiction of Belgium, where cashback is liable for 30% withholding tax.
We deduct this tax and pay it to the Belgian tax authorities before we add the cashback to your account.
Learn more about tax information for balance cashback
For example — if you held a balance of 1,000 GBP and a jar of 2,000 EUR for a whole month, you would have received 1.61 GBP back to your balance and 1.15 EUR into your jar. We would have already deducted 30% to pay the withholding tax for both transactions.
Based on the cashback rates for April 2025, you would need to hold a minimum balance of 43 GBP, 122 EUR or 43 USD for the whole month to receive cashback.
How much do I need to hold to receive cashback?
The cashback is based on our calculations of how much you hold in your account each day and for the days there was money in your account. This is done over a period of one month.
Who's eligible for cashback?
You'll receive cashback for any funds and Jars with a positive balance of EUR, GBP and USD held in your Wise account.
You won’t receive cashback if:
your Wise account is outside of the EEA (any days your account was registered outside of the EEA won’t be eligible for cashback)
you don't hold EUR, GBP or USD
your money on a balance is held in our Assets funds — Interest or Stocks (any days you hold money as Assets won’t be eligible for cashback)
you close an eligible balance or Jar before cashback is paid
your account is suspended or deactivated
your balance is negative
the pre-tax amount of cashback would be less than 0.10 in an eligible currency
we believe you have breached our Customer Agreement
you've opted out of receiving balance cashback
How can I opt out of balance cashback?
Wise has automatically enrolled all customers in the EEA into receiving balance cashback.
If you’d like to stop receiving balance cashback, you can opt out at any time.
When should I expect my cashback?
We process cashback payments on a monthly basis. While we don't have a specific date or period for these payments, rest assured that if you meet the eligibility criteria, you'll receive your cashback within the month.
Cashback rates are for balances held in April 2025.