Wise Limits [2024]: Full Guide

Wise offers customers in the US multi-currency accounts and debit cards, for personal and business use, as well as low-cost money transfers to 160+ countries.

If you’re new to Wise, and wondering how you can use their accounts and services, it’s helpful to know about some of the Wise limits that are in place to help keep customers and their money safe.

This guide walks through all you need to know about Wise transfer limits, Wise account limits and Wise card limits, for both individual and business customers.

Quick summary

• Wise money transfers are subject to some limits which vary by currency and depending on how you want to pay
• Wise uses fairly high limits, and offers a service which is safe for holding and sending even large amounts
• Wise accounts have very high limits – or even no limits at all – on the amount of money you can receive and hold
• Wise cards have limits based on transaction type, which can be easily viewed and managed within the Wise app and online

Key points: Wise limits

Wise transfer limit per day: 50,000 USD per 24 hours, to a maximum of 250,000 USD over a 60 day period, when paying by ACH.

Wise maximum transfer amount: There are different limits depending on your chosen payment method. However, the maximum amount you can send for personal accounts is $1m per transfer.

Wise transfer limit per month: Monthly transfer limits depend on the payment method. For example, ACH bank debit payments have a 60-day (2 month) rolling limit of $250,000 for Wise personal accounts.

Wise Account maximum balance: Generally there’s no limit to the amount of money you can hold in your Wise account, but certain currencies may have holding limits.Wise Account receiving limit: For most currencies, including USD, there’s typically no limit on the amount you can receive to your balance. However, USD accounts with routing numbers starting with 026 can receive a maximum of 20 million USD per transaction per day or 35 million USD per year.

Does Wise have limits?

Yes. Wise has some limits in place, which can vary for different transaction types, and based on where your account is registered. There are limits on how much you can send with Wise and spend with your Wise card. In some cases there are also limits on how much you can receive with your Wise account.

Wise limits are set to help keep customers and their accounts safe. Generally they’re pretty high, but if you need to make a big purchase, or send a very high payment it’s worth double checking which limits apply to your Wise account for that specific transaction type.

Overall, the limits used for account transactions and transfers is part of the way that Wise ensures it is safe for customers to hold, send and spend even large amounts.

Wise transfer limits

Wise money transfer limits can vary depending on the currency you’re sending from and to, how you choose to pay, and whether you have a personal or business account. If you’re ever unsure of the limit which applies to your account, you’ll be able to check it in the Wise app, or reach out to the Wise customer support team for more detailed information.

Let’s take a look at the Wise money transfer limits by payment type. If your residential address is in one of the Wise licensed states, Guam, or the Virgin Islands, your Wise transfer limits will be as follows:

If your residential address is in Nevada, American Samoa, or Mariana Islands, the maximum transfer amounts are slightly different. In this case you can send as follows from your Wise personal Account:

• 50,000 USD per 24 hours, or 250,000 USD per 12 months (yearly rolling limit), when paying by bank transfer
• 10,000 USD per 24 hours, to a maximum of 400,000 USD over a 60 day period, when paying by ACH

Transfer limits may vary by currency

The maximum transfer limit also depends on the currency you’re sending to and from and how you pay. These limits ensure that transfers comply with local regulations while still allowing you to send large amounts. Here’s a quick look at the maximum limits for popular currencies:

How much does it cost to send large transfers with Wise?

Wise offers discounted rates for high-value transfers, making it even more affordable to move large sums of money internationally. If you send over £20,000 (or the equivalent in USD and other currencies) within a calendar month,  you’ll automatically receive a discounted rate. 

This discount applies when you convert between two currencies, like USD to EUR or USD to CAD, regardless of how many different currencies you’re sending to or from. However, transfers within the same currency, like USD to USD, won’t count toward the discounted rates.

Basically, the more you send, the bigger your discount. Here’s how it works:

You can learn more about them on How to send large amounts of money with Wise.

Wise account limits

US customers can open a Wise account as a personal or business customer, to hold and exchange 40+ currencies, and open local account details in up to 10 currencies to receive payments. You can also order a linked Wise card which can be used for spending and withdrawals in 150+ countries – we’ll look at Wise card limits in detail in just a moment.

To keep customers and their money safe, Wise has a few limits to the amount you can receive or hold in your account. These limits vary based on the currency involved, and where your residential address is.

Learn more: Wise multi-currency account review

Wise account receiving limits

Once you have a Wise account you can get local account details in up to 10 currencies to get paid conveniently by others.

All you’ll need to do is open a currency balance in the currency you need through the Wise app, to generate your local account details. Pass these to the person sending you money, and they can use these details to set up their transfer in their preferred way.

It’s free to receive money in many cases – the main exception being that there’s a 6.11 USD fee per transaction to receive USD wire transfers. If you’re getting sent money in USD you can always ask the person sending the payment to use an ACH instead which will be free to receive. Learn more: Receiving international payments with Wise

Generally there’s no limit to the amount of money you can receive or hold in Wise. However, there is a limit to the amount of money you can hold and receive in USD for people who have a Wise account with a US routing number starting with 026. These limits are set very high:

Wise card limits

Once you have opened your Wise account you can order a Wise card for a one time fee, and have it delivered to your home. You’ll be able to spend with your Wise card in 150+ countries, with no fee to spend a currency you hold in your account.

If you don’t have the currency you need, your card can simply convert from the balance you do hold, using the mid-market exchange rate and a low fee from 0.43%. The card’s smart autoconversion feature will deduct the funds needed from the currency balance you hold which incurs the lowest possible fee. That means you can just add money in USD – or any of the other 20 or so supported currencies for top up – and spend conveniently around the world. There’s no need to switch to the local currency wherever you’re heading in advance – and you’ll always know you’re getting the best available deal wherever you go.

To ensure customer accounts are secure, there are some Wise card limits which vary based on the type of transaction. Your card limit is set to a default automatically, and you can then adjust it, up to the maximum level allowed for that transaction type, within the Wise app. More information: Wise card review

Here’s a rundown of the standard Wise personal debit card limits by transaction type:

How to change spending limits on Wise card

If you want to change the limits on your Wise card, you can do so conveniently in the Wise app or by logging into your account online.

Here’s how to change your Wise card limits in the Wise app:

1. Log into your account and go to the Card tab
2. Tap Limits and select the limit you’d like to change
3. Tap the button at the bottom to change to the maximum or default limits

And here’s how to change your Wise card limits if you’re using the Wise website:

1. Log into your account and go to the Card tab
2. Select Account limits and choose the limit you’d like to change
3. Select the button at the bottom to change to the maximum or default limits

How to check Wise card limits

Not sure how much you’ve got left on your Wise card limit? You can easily check this online or in the Wise app.

Here’s how to check your Wise card limits in the Wise app:

1. Log into your account and go to the Card tab
2. Tap Limits and select the limit you’d like to check
3. You’ll be shown the limits that apply, how much you can still spend or withdraw, and when each limit will reset

And here’s how to check your Wise card limits if you’re using the Wise website:

1. Log into your account and go to the Card tab
2. Select Account limits and choose the limit you’d like to check
3. You’ll be shown the limits that apply, how much you can still spend or withdraw, and when each limit will reset

Wise Business limits for account & card

As we’ve mentioned above there’s often no limit to the amount of money you can hold in your Wise account. The key exception for US customers is for business account holders who have a US routing number with Wise which begins with 026. In this case the following limits apply to the amount of money you can receive or hold in your account:

Customers with a Wise business account which has a USD routing number which does not start with 026 can usually hold an unlimited amount in their account.

Wise Business cards spending limits

The card spending limits for sole traders are set at the same level as for personal customers. If you have a registered business, the limits for using your Wise Business card will be different to any Wise personal account you may also have. Depending on where your business is registered you’ll find that there are Wise spending and withdrawal limits, and there may be limits per transaction, too.

If your business is registered in the US, you’ll have the following Wise business card spending limits:

Businesses registered in other countries usually have a single monthly limit for spending, and one for withdrawals. This limit reflects the shared transaction limit of all cards issued on the account. That means, for example, that once the monthly ATM withdrawal limit has been exhausted, nobody else who holds a Wise business card linked to that account will be able to make a withdrawal until the limit resets.

The limits that apply are based on the country your business is registered in, as follows:

Wise Business expense card limits

You can order Wise expense cards for your team and then set individual spending and withdrawal limits for each card holder. Card holders will be able to view their own limits from the app, but they won’t have access to any other account information unless you’ve authorized access.

Administrators of the Wise account are able to set and check individual card spending limits for other card holders, and can also block a card temporarily if there’s ever any need to do so.

How to check Wise Business limits

Wise Business card holders can check their own spending and withdrawal limits online or in the Wise app.

Here’s how to check your Wise Business card limits in the Wise app:

1. Log into your account and go to the Card tab
2. Tap Limits and select the limit you’d like to check
3. You’ll be shown the limits that apply, how much you can still spend or withdraw, and when each limit will reset

And here’s how to check your Wise Business card limits if you’re using the Wise website:

1. Log into your account and go to the Card tab
2. Select Account limits and choose the limit you’d like to check
3. You’ll be shown the limits that apply, how much you can still spend or withdraw, and when each limit will reset

Conclusion: Does Wise have limits?

Wise has some limits in place, which can vary depending on the currency involved and the transaction type. Wise account and card limits are set to help keep customers accounts safe and secure, and can be viewed and managed conveniently in the Wise app.

Depending on the type of account you have, you may find there’s no limit to the amount of money you can receive or hold in your Wise account. Some limits apply to Wise money transfers, but these are usually set fairly high to offer safe ways to send even larger amounts of money overseas. Finally, Wise personal and business cards have limits which can vary by transaction type, and which you can easily view and change in the Wise app whenever you need to.

Limits may change from time to time, you may want to double check the details which apply to your specific transaction on the Wise website or in the Wise app.

Claire Millard

Author

Claire Millard

Fintech Content Writer

Claire Millard is a content and copywriter with a specialty in international finance. Her work has featured in The Times and The Telegraph, as well as industry magazines and leading personal finance blogs.

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Seyma Mektepli

Reviewer

Seyma Mektepli

Editor-in-chief

Seyma is an experienced content writer and editor-in-chief at Exiap, delivering informative articles on personal finance, and money transfers.

Read more

Last updated

December 18th, 2024