Last Updated on December, 2024
Wise money transfer service has its benefits and limitations despite being one of the best in the world. Of course, you need to know its limits to get the most out of it without any inconvenience.
You need to keep different types of limits in mind when using Wise. There are spending, cards, and even limits on how much money you can send and receive in your account.
This post will dive deeper and discuss all these wise limits in detail for your thorough knowledge and guidance about What Wise has to offer.
So, let’s get to it, shall we?
Quick Summary
Wise has different types of limits for their money transfer service to protect against fraud and manage costs while still offering competitive rates.
There are limits on how much money can be sent and received in Wise accounts, as well as limits on the amount that can be spent or withdrawn with a Wise card.
These limits can vary depending on the currency and location of the user, as well as the type of Wise account (personal or business) and the payment method used. Users can check and adjust their limits through the Wise app or website.
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Is There a Limit on Wise Account?
Wise transfer limits prevent fraud and assist their customers. With these transfer limits, they can authorize legitimate transactions through their system.
Moreover, these limits also help the system to keep the costs under check so Wise can continue to offer quality transfer services at highly competitive rates. At first, these restrictions might seem like a pain in the neck. But in reality, these limitations give you more control over your money.
Of course, if you know exactly how much you can send or receive in one go, you can manage your finances effectively. It will also help you keep track of transfer charges and transparent fees.
You should read this review if you want to learn more about Wise platform.
Wise Transfer Limits
| Account Type | Transfer Limits | ||
| Wise Personal Account | $1,000,000 when paying via bank transfer | $50,000 every 24 hours up to $250,000 in 60 days via ACH | $2,000 every 24 hours and $8,000 every 7 days via card |
| Wise Business Account | $1,000,000 when paying via bank transfer | $400,000 every 24 hours up to $250,000 in 60 days via ACH | $2,000 every 24 hours and $8,000 every 7 days via card |
If you are in the U.S. and are using Wise from one of their licensed states or if you are outside the U.S. (excluding U.S. territories), you can send payments using Wise as per the following details:
Instead, if you live in Nevada, American Samoa, and Mariana Islands or have an associated Wise account, then you can send:
These numbers can vary depending on the currency you use to send or receive money and the payment type. Whether you have a personal account or a business account can also influence it.
If you are unsure about the limits to your Wise account, contact customer support. You will have all the details you need about your account in just a moment.
| Your Destination Currency | Transfer Limits |
| USD | Up to 1 million American dollars for local transfers Up to 1.6 million American dollars for SWIFT transfers |
| AUS | Up to 1.5 million Australian Dollars |
| GBP | Up to 5 million Pounds |
| EUR | Up to 6 million Euros |
| CAD | Unlimited bank transfers |
Wise Account Limits on Sending & Receiving Money in USD Balance
People in the U.S. can open Wise accounts as a business or individual customer. They can also transact in over 40 currencies and open local accounts in more than 10 currencies for receiving payments.
With all this, you can have a linked Wise card with its own limits (we’ll talk about them in a bit). But to keep you and your money safe, Wise has placed a few limits. Whether local transfer, bank transfer, or any other payment type, you can conveniently use Wise to receive money and hold money securely.
Wise is also very transparent about its transfer fees. To get the full value out of Wise, you must open an account online or use the Wise app. Let’s look at what personal limits you will have to deal with when sending and receiving money in USD balance personal accounts and bank details of the receivers.
You can send payments of up to $6 million if you hold a USD currency balance in your Wise Account. Different personal limits apply if you are using SWIFT transfer or local transfer. But Wise will let you know if you have reached your limit on a payment.
Some limits apply if your account begins with “026.” Receiving money through Wise is normally free. But there’s an exception of a $4.14 fee per transaction for receiving wire transfers in USD. Instead, you can ask the sender to send using ACH, which will be free of cost.
For such accounts, the Wise transfer limit won’t apply if you go for “Add USD” while adding funds to your Wise Account or even when converting from another currency balance in your Wise. However, no limits apply on how much you can receive in your account (routing number starting 084).
| Wise Personal | Wise Business | |
| $ Limit per day and transaction | $20 million | $30 million |
| $ Limit per rolling 365 days a year | $35 million | $50 million |
Wise Card Limits
You can also have your Wise international debit card with your account. You can use it to make payments/withdrawals in over 170 countries across the globe.
This card costs $9, and you can withdraw $100 a month from the ATM at any time without any charges. Afterward, the charges will be $0.5 per withdrawal.
The withdrawal rate of $120 will be applicable, and you can use it as a payment gateway in Google Pay and Apple Pay. This card supports payments, including Chip and PIN, magnetic stripe, online payment, ATM withdrawal, and Samsung/Apple/Google Pay.
Each of these payments has different limits. Let’s have a look at these limits Wise offers on both individual and business cards,
Card Limits for Individuals
| Transaction Type | Single Payment Wise Card Limits | Daily Wise Card Limits | Monthly Wise Card Limits | |||
| Transaction type | Default limit | Max limit | Default limit | Max limit | Default limit | Max limit |
| Chip & PIN | $1,000 | $2,000 | $1,000 | $2,000 | $5,000 | $15,000 |
| Magnetic stripe | $1,000 | $1,500 | $1,000 | $1,500 | $1,500 | $6,000 |
| Samsung/Apple/Google Pay | $200 | $400 | $500 | $1,000 | $1,500 | $4,000 |
| Online payment | $1,000 | $2,000 | $1,000 | $2,000 | $1,500 | $6,000 |
| ATM withdrawal | $250 | $1,000 | $250 | $1,000 | $1,500 | $6,000 |
Wise Card Limits for Business Customers
| Transaction Type | Single Payment Limits | Daily Limits | Monthly Limits | |||
| Transaction type | Default limit | Max limit | Default limit | Max limit | Default limit | Max limit |
| Chip & PIN | $4,000 | $15,000 | $4,000 | $15,000 | $15,000 | $45,000 |
| Magnetic stripe | $500 | $2,000 | $600 | $2,000 | $2,000 | $8,000 |
| SamsungApple/Google Pay | $1,000 | $1,000 | $1.00 | $1,500 | $6,000 | $6,000 |
| Online payment | $1,500 | $15,000 | $1,500 | $15,000 | $3,000 | $45,000 |
| ATM withdrawal | $1,500 | $1,500 | $2,000 | $2,000 | $4,500 | $6,000 |
Learn more about Wise business account.
Checking & Changing Wise Card Limits
If you don’t know how much of the Wise transfer limit you have consumed or what limits apply, you can conveniently check using your Wise app or Wise desktop site.
Whether you are using the Wise app or desktop site, here are the steps to follow when checking your limits:
Now, if you want to change the spending limits on your Wise card, here are the steps you need to follow. You can do this through the Wise app or Wise website as well:
Wise Card Spending Limits
Of course, there are limits on how much you can spend using your Wise card and how much you can withdraw.
There is a monthly limit for all Wise cardholders, which resets on the 1st of every month. Daily limits are there as well, and these limits reset at midnight. If you’re not a U.S. cardholder, your daily and monthly limits are the same, and you can also change them.
If you have moved to another country and registered another address in your account, your limits will automatically update according to your new country of residence.
Country-Wise Spending Limits (Individuals)
| Country | Monthly spending limit | Monthly ATM withdrawal limit |
| UK | GBP 30,000 | GBP 4,000 |
| Singapore | SGD 30,000 | SGD 7,000 |
| Philippines | PHP 2,000,000 | PHP 275,000 |
| New Zealand | NZD 52,500 | NZD 7,000 |
| Malaysia | MYR 170,000 | MYR 23,000 |
| Japan | JPY 4,000,000 | JPY 530,000 |
| EU | EUR 30,000 | EUR 4,000 |
| Canada | CAD 55,000 | CAD 7,000 |
| Brazil | BRL 120,000 | BRL 20,000 |
| Australia | AUD 52,500 | AUD 7,000 |
For businesses and teams, the monthly limits and ATM withdrawal limits are slightly different:
Country-Wise Spending Limits (For Businesses)
| Country | Monthly spending limit | Monthly ATM withdrawal limit |
| Australia | AUD 78,750 | AUD 7,000 |
| Canada | CAD 82,500 | CAD 7,000 |
| EU | EUR 45,000 | EUR 4,000 |
| Japan | JPY 6,000,000 | JPY 530,000 |
| New Zealand | NZD 78,750 | NZD 7,000 |
| Singapore | SGD 78,750 | SGD 7,000 |
| UK | GBP 45,000 | GBP 4,000 |
Wise Card Limits on Receiving
All Wise cards (excluding the Japan and U.S.-issued cards) can receive your money, but there are also some limits (based on the currency).
If you receive payments in USD or other foreign currency, including SGD, SEK, RON, PLN, NZD, NOK, MYR, MXN, JPY, ILS, HUF, HKD, GBP, EUR, DKK, CZK, CHF, CAD, BGN, and AUD, following limits are always in place:
If you receive an international transfer (regardless of payment type) in any other currencies available in your Wise account, with the following limits:
Here you can learn all about Wise Card.
Final Thoughts on Wise Limits
Wise can’t be your best option if you’re looking for the cheapest international payment services. However, the increased fees can be considered a trade-in for safety, security, and better control over your funds.
Moreover, Wise doesn’t rate currencies for profit. Wise has some limits for its users, varying depending on the currency and the transaction type.
Wise cards and account limits are there to assist users in keeping their money safe and secure. These limits also put the users in charge of their own money and any costs associated with making online money transfers.
Based on your Wise account type, there might be no limit on how much money you can hold or receive in your Wise account (Go Wise!).
Some limits are in place, usually higher, so you can safely make larger Wise money transfers. These limits can also vary based on whether you are an individual or a business and your selected payment type, such as online payment, Google Pay, etc.
Frequently Asked Questions
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