How to Buy Stocks with Wise

Can I Buy Stocks with Wise Bank?

Yes, Wise enables its customers to buy various stocks and ETFs like the S&P 500 or NASDAQ using Wise cards or accounts. To buy shares, including blue-chip or growth stocks, users must register on a European stock trading platform that accepts deposits through Wise in Euro or other currencies. It's important to select a platform regulated by a credible financial authority, such as the Financial Conduct Authority (FCA) or a similar European regulatory body, for secure transactions.

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How to Buy Stocks with Wise

Using a Wise account to purchase stocks is best done through a regulated brokerage platform. This allows investors to safely transfer various fiat currencies from their Wise Bank account, utilizing bank transfers or other convenient methods. Based on our research, we recommend platforms such as eToro, which are compatible with Wise Bank, adhere to strict regulations, and offer competitive fees for an extensive range of over 4,500 stocks, ETFs, commodities, and more.

Here's a concise, four-step guide for investing with your Wise Bank account:

1. Visit a Broker: Navigate to the eToro website and create an account.
2. Account Dashboard: Locate and select the 'Deposit Funds' option or similar.
3. Initiate Transfer: Choose your fiat currency and payment method, like Bank Transfer, and proceed with the transfer from Wise.
4. Start Investing: Once your deposit is verified and funds are in your brokerage account, you can invest in your chosen stocks.

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What are the Fees?

When transferring funds from a Wise Bank account to a stock brokerage, the costs can differ based on the chosen platform. For most transfers, especially bank transfers from Wise Personal or Business accounts to international brokers like eToro, there are typically no fees for USD deposits. However, a nominal fee may apply for deposits made in EUR or GBP.

It’s important to note that using a Wise Bank Debit Card for deposits to brokerage platforms may incur a fee. This fee is charged by the card issuer, Mastercard, and applies to all transactions, including those for stock purchases or deposits. To avoid surprises, we recommend verifying any potential fees with your chosen brokerage platform before initiating a transfer.

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Can I Invest in Wise?

Indeed, investing in Wise PLC is possible. Wise, a fintech entity, is publicly listed on the London Stock Exchange, bearing the ticker symbol 'WISE'. This listing enables individual investors to purchase Wise PLC shares. Notably, you can directly invest in Wise PLC through your Wise Bank account, utilizing a regulated brokerage platform like eToro, which provides access to Wise stocks. This option streamlines the investment process for those interested in this fintech company.

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Bottom Line

In conclusion, Wise offers a streamlined and accessible path for investing in stocks and ETFs, including blue-chip and growth stocks, through regulated brokerage platforms like eToro. With the option to transfer funds in various currencies and the ability to invest directly in Wise PLC, Wise Bank presents a flexible solution for personal investment strategies. While generally cost-effective, investors must be aware of potential fees, especially when using Wise Bank Debit Cards for transactions.