Wise Test Wise Wise Business Account Tools 2

Question 1

Which Wise Business feature allows you to hold balances in multiple currencies simultaneously?

Accepted Answer

Multi-currency account

Answer

The Wise Business multi-currency account lets businesses hold, send, and receive money in 40+ currencies from a single account.

Question 2

What is the primary purpose of the Wise Business debit card for US businesses?

Accepted Answer

Spending directly from multi-currency balances at the mid-market rate

Answer

The Wise Business debit card lets you spend directly from your currency balances using the mid-market exchange rate with low conversion fees.

Question 3

How does Wise Business handle payroll payments to international employees?

Accepted Answer

Allows batch payments to multiple recipients in different countries and currencies

Answer

Wise Business supports batch payments, letting companies pay multiple international employees or contractors in their local currencies in one upload.

Question 4

What does the Wise Business API primarily enable for companies?

Accepted Answer

Programmatic sending, receiving, and tracking of international payments

Answer

The Wise Business API lets developers automate payment workflows, check balances, and track transfers programmatically within their own systems.

Question 5

When a US business receives a payment to its Wise USD account details, which payment rail does the payer typically use?

Accepted Answer

ACH or wire transfer via the provided US routing and account numbers

Answer

Wise provides US businesses with local routing and account numbers so payers can send funds via ACH or domestic wire without international fees.

Wise Practice Test