Wise Test Wise Wise Business Account Tools 3

Question 1

What happens to a Wise Business balance conversion if you don't have enough funds in the source currency?

Accepted Answer

The transfer is cancelled automatically

Answer

Wise auto-converts from another available currency balance to cover the shortfall

Answer

Wise extends a short-term credit line for the difference

Answer

The transaction is held in escrow until you top up

Question 2

Which statement about Wise Business's mid-market exchange rate is accurate?

Accepted Answer

It is the rate found on Google or Reuters with no hidden markup added by Wise

Answer

It includes a markup that Wise adds for profit

Answer

It is fixed monthly by Wise's treasury team

Answer

It applies only to transfers over $10,000

Question 3

Which Wise Business tool is designed to help companies manage expenses submitted by employees?

Accepted Answer

Wise Business debit cards with team spending limits

Answer

Wise Expense Manager

Answer

Wise Reimbursement Portal

Answer

Wise Corporate Credit Line

Question 4

How does Wise Business display its fees for international transfers?

Accepted Answer

Fees are shown upfront as a percentage plus a fixed component before you confirm the transfer

Answer

Fees are bundled into the exchange rate spread with no itemized breakdown

Answer

Fees are charged monthly as a flat subscription regardless of usage

Answer

Fees are only revealed on the bank statement after the transfer completes

Question 5

What is the function of Wise Business's 'Jar' or savings feature for businesses holding currency balances?

Accepted Answer

It lets businesses set aside funds in a separate pot within their account for budgeting purposes

Answer

It locks funds in a time deposit earning guaranteed interest

Answer

It automatically invests idle balances in money market funds

Answer

It freezes the exchange rate on held funds for up to 30 days

Question 6

Which US-specific local account detail does Wise Business provide to receive domestic payments?

Accepted Answer

A US routing number and account number

Answer

A US SSN for identity verification only

Answer

A US EIN registration certificate

Answer

A US SWIFT/BIC code

Question 7

What does Wise Business's 'Receive' feature enable that a traditional US bank wire does NOT typically offer for free?

Accepted Answer

Free or low-cost inbound international payments in foreign currencies to local account details

Answer

Free inbound domestic ACH credits

Answer

Instant credit card acceptance with no processing fee

Answer

Zero-fee SWIFT wires from any country