Wirex review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Wirex suits businesses paying suppliers abroad: a currency conversion fee of 0% and transfers that cost $0 with delivery Instant. It is built for moving money across 40 currencies rather than saving, so anyone who counts currency cost as the main charge will find the shape of it suits them.
Key facts
- Best for
- Businesses paying suppliers abroad that care most about the conversion fee.
- Currency conversion fee
- 0%↗
- Currencies
- 40↗
- Transfer fee
- Free↗
- Legal entity
- Wirex Limited↗
- Headquarters
- United Kingdom↗
- Founded
- 2014↗
- Support channels
- Email, Help-centre, Community↗
- Audience
- Business
- Pricing model
- Low FX fees
- Official website
- wirexapp.com
Money transfer
Facts checked September 26, 2026, 3 sources
Pros and cons
Pros
- Conversion costs stay at 0% while the business group median is 1%.
- Transfers cost $0 and arrive Instant.
- One balance across 40 currencies, above the 4 median in the business group.
- Runs on a low fx model, aimed at currency movement rather than savings.
Cons
- Support runs on email, help centre and community, with no phone line offered.
- Payouts and withdrawals are limited to bank and card, so no cash or wallet payout is offered.
- The named regulator is the Superintendency of the Financial System of El Salvador, while the account runs through Wirex Limited in the United Kingdom.
Who it suits
- Businesses that invoice in their home currency and buy from suppliers abroad.
- Freelancers and small firms needing Instant transfers with a low conversion cost.
- Anyone holding 40 currencies in a single account rather than several single currency ones.
Who should look elsewhere
- Readers who prefer a listed European bank brand, since bunq charges a currency conversion fee of 3%.
- Anyone already settled with Skrill, which charges 3.99% on a currency conversion.
- PayPal Colombia users, whose conversion fee runs 3% to 4%.
How Wirex compares
9.2 vs 8.7
Wirex vs Airwallex9.2 vs 8.6
9.2 vs 8.0
9.2 vs 8.9
9.2 vs 9.1
9.2 vs 9.2
9.2 vs 8.7
9.2 vs 8.7
9.2 vs 8.7
9.2 vs 9.0Skrill charges 3.99% to convert, against 0% at Wirex.
9.2 vs 8.7
9.2 vs 9.5
9.2 vs 9.4
9.2 vs 9.3
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.1
9.2 vs 9.0
9.2 vs 9.0
9.2 vs 8.9
9.2 vs 8.9- 9.2 vs 8.9
9.2 vs 8.7
9.2 vs 8.5
9.2 vs 8.5
9.2 vs 8.5
9.2 vs 8.4
9.2 vs 8.3
9.2 vs 8.2
9.2 vs 8.1- 9.2 vs 8.1
9.2 vs 8.0
9.2 vs 8.0
9.2 vs 8.0
9.2 vs 9.1
Where Wirex is available
- Available
- El Salvador
- Licence in El Salvador
- Superintendency of the Financial System of El Salvador, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to send money with Wirex?+
Transfers are listed as free, with a transfer fee amount of $0, and the currency conversion fee is 0%. For a business that pays in several currencies, the exchange rate markup of 0% decides what a large cross border payment really costs.
Who regulates Wirex?+
The named regulator is the Superintendency of the Financial System of El Salvador. The provider is Wirex Limited, headquartered in the United Kingdom and founded in 2014, so terms, limits and how balances are treated will follow that market rather than a single global rule.
How many currencies can I hold?+
Wirex holds 40 currencies, well above the 4 median in the business group and the 5 median across the site. Keeping several together suits firms that invoice customers and pay suppliers in different places.
How quickly do payments arrive?+
Delivery is Instant, and money can be paid out to bank and card. That suits a business settling an invoice or paying a contractor, where a wait of days would tie up cash, though the receiving account details still have to be accurate.
How do I get help if something goes wrong?+
Support runs on email, help centre and community, so email and the help centre are the main routes, with a community for other users. Anyone who needs to talk to someone quickly will be relying on a written answer, because no phone or chat channel is offered.
Is Wirex built for businesses or everyday banking?+
The stated audience is business and the model is low fx, so the account is aimed at moving money across borders rather than at holding savings. It suits a business that earns in its home currency and pays in a different currency.
How does Wirex compare with PayPal Colombia, Skrill and bunq on conversion fees?+
Wirex charges 0% to convert, against 3% to 4% at PayPal Colombia, 3.99% at Skrill and 3% at bunq. That gap is why it ranks 1 of 312 brands on this measure, with a cost score of 8.
Sources
- wirexapp.com checked September 26, 2026
Backs: Audience, Currency conversion fee, Legal entity, Pricing model, Support channels, Licences
“Wirex Business unifies stablecoins, fiat accounts, and Visa cards into one platform”
- wirexapp.com/legal/one/terms checked September 26, 2026
Backs: Headquarters, Payout methods
“Wirex Limited, a company incorporated in England and Wales (company number 09334596) ... with a registered office address at 9th Floor 107 Cheapside, London, United Kingdom, EC2V 6DN”
- wirexapp.com/personal checked September 26, 2026
Backs: Currencies, Delivery time, Founded, Exchange rate markup, Transfer fee, Fee to send 1,000
“Instant exchange between 40+ crypto & fiat currencies”
Compiled from 3 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Monthly fee, Licence type, Deposit protection.