Wise has launched its UK Current Account, offering features aimed at simplifying everyday banking and international money management.
The move follows a period of growth. Wise served three million active customers in the UK last year, who held over £8 billion in their accounts.
Globally, the company now has more than 15.6 million active users. Around 100,000 new customers join each week, and total account balances exceed £27.5 billion.
The new account includes a Travel Hub and an Airport Lounge Pass. Customers in the UK and selected markets can purchase one-off lounge access through the Wise app.
The hub also provides guidance on using local payment methods abroad, with further features planned.
Wise has also introduced Young Explorer cards for customers under 18.
Parents or guardians can top up Young Explorer cards linked to their Wise Current Account, monitor spending, approve payments, and receive real-time notifications.
Wise Current Account balances can earn a 3.26% variable interest rate through Wise Assets, with no lock-in period.
Nilan Peiris, Chief Product Officer at Wise, said:

“With the Wise Current Account, we’re giving customers a smarter way to manage their daily financial needs. They can hold and fully access their money while getting a return, easily spend on everyday purchases and split bills, and send and receive money quickly across borders, all at a low cost with no hidden fees.”
The account allows customers to receive GBP and over 20 local currencies, set up direct debits, send money to 70+ countries, and make payments at the mid-market rate.
Shared spending spaces and payment links facilitate group expenses.
Security features include the ability to freeze cards, receive real-time notifications, and alerts for potentially suspicious payments.
Featured image credit: Wise

