There are three types of spending limits on a Wise Business account:
account limits
cardholder limits (only for businesses who have added team members)
limits per card
For all limit types, you have:
a monthly limit, which refreshes on the first day of the month
a daily limit, which refreshes each day at midnight
| Apply to | Set and edited by | Mandatory or optional | |
|---|---|---|---|
| Account limits | The amount you and any team members can spend and withdraw overall | Account owner, Team members with permission to set team members’ card spending limits | Mandatory |
| Cardholder limits | The amount each team member can spend and withdraw across all their cards | Account owner, Team members with permission to set team members’ card spending limits | Account owners — Optional / Other team members with permission to order cards — Mandatory |
| Limits per card | The amount that can be spent and withdrawn on a specific card | The team member who owns the card | Optional |
How do these different spending limits work together?
You and your team members’ spending will always be restricted by the lowest relevant limit.
For example, if a team member has a 5,000 GBP cardholder limit but sets a 10,000 GBP limit on one of their cards, they won’t be able to spend more than 5,000 GBP.