I’m considering using Wise for my business transactions, but I’m not sure if it can fully replace a traditional bank account. Can Wise handle all my day-to-day financial needs, or should I explore other banking options for more comprehensive services?
Answer by: abdullah-al-naim
3 months ago
No, you cannot use Wise as a traditional bank account because Wise is not a bank; it\’s a Money Services Business. However, with a Wise account, you get features similar to those offered by banks, such as the ability to hold a balance, send and receive payments, and spend with a linked card.
This means you can use Wise for many day-to-day financial transactions and even use it as a primary account, depending on your specific needs. If you\’re looking for a full-fledged international banking solution, check out Business Globalizer\’s International Fintech Bank Account service.
https://businessglobalizer.com/services/international-fintech-bank-account/
