Wise keeps your money safe in accounts that are separate from the ones we use to run our business. As interest rates rise, we believe it’s right to share the interest from the money you hold with us.
Cashback is available to all customers in the European Economic Area (EEA).
How is cashback calculated?
Wise pays balance cashback each month based on the EUR, GBP and USD you hold in your Wise account. You agree that the cashback rate is variable and that we may change the rate and/or stop paying cashback at any time. For eligible balances held in Wise accounts in August 2025, Wise paid an annualised cashback rate of:
0.80 % for any EUR
2.60% for any GBP
2.80% for any USD
For example — if you held a balance of 1,000 GBP and a jar of 2,000 EUR for a whole month, you would have received 1.43 GBP back to your balance and 0.95 EUR into your jar. We would have already deducted 30% to pay the withholding tax for both transactions.
Based on the cashback rates for August 2025, you would need to hold a minimum balance of 49 GBP, 147 EUR or 42 USD for the whole month to receive cashback.
When should I expect my cashback?
We process cashback payments on a monthly basis. While we don't have a specific date or period for these payments, rest assured that if you meet the eligibility criteria, you'll receive your cashback within the month.
Cashback rates are for balances held in August 2025.
How do taxes work with cashback?
Wise Europe operates within the tax jurisdiction of Belgium, where cashback is liable for 30% withholding tax.
We deduct this tax and pay it to the Belgian tax authorities before we add the cashback to your account.
Learn more about tax information for cashback
For example, if you held 1,000 GBP and 2,000 EUR for a whole month, you would've received 1.50 GBP and 0.92 EUR. We would have already deducted 30% to pay the withholding tax.
How much do I need to hold to receive cashback?
Based on the cashback rates for June 2025, you'd need to hold a minimum of 47 GBP, 152 EUR or 43 USD for the whole month to receive cashback.
The cashback is based on our calculations of how much you hold in your account each day and for the days there was money in your account. This is done over a period of one month.
Who's eligible for cashback?
You'll receive cashback for any EUR, GBP and USD with a positive balance that are held in your Wise account.
You won’t receive cashback if:
your Wise account is outside of the EEA (any days your account was registered outside of the EEA won’t be eligible for cashback)
you don't hold EUR, GBP or USD
your money is held in our Assets funds — Interest or Stocks (any days you hold money as Assets won’t be eligible for cashback)
you remove an eligible currency before cashback is paid
your account is suspended or deactivated
your balance is negative
the pre-tax amount of cashback would be less than 0.10 in an eligible currency
we believe you have breached our Customer Agreement
you've opted out of receiving cashback
How can I opt out of cashback?
Wise has automatically enrolled all customers in the EEA into receiving cashback.
If you’d like to stop receiving cashback, you can opt out at any time.