Is the Wise IBAN a real bank account?
Yes. The Belgian IBAN provided by Wise is a genuine IBAN that works for all SEPA credit transfers. It is issued through Wise's regulated electronic money institution license from the National Bank of Belgium. However, it is an e-money account โ not a deposit account covered by the Belgian deposit guarantee scheme (up to โฌ100,000). Your funds are safeguarded separately.
Can my Belgian clients pay my Wise IBAN directly?
Yes. Your Belgian Wise IBAN (BE XX...) works exactly like any other Belgian bank account for SEPA transfers. Clients can pay from any Belgian bank (BNP Paribas Fortis, KBC, Belfius, ING, etc.) and the transfer arrives in your Wise account just like a normal bank transfer.
Does Wise IBAN work for direct debits (domiciliรซring)?
Wise supports SEPA Credit Transfers and in some cases SEPA Direct Debits, depending on your account setup and country. For recurring automatic payments (like utility bills or subscriptions), check directly with Wise support as availability may vary. Most B2B invoice payments via SEPA credit transfer work without issues.
Can I add my Wise IBAN to invoices?
Absolutely. Your Wise IBAN and BIC/SWIFT code can be added to invoices exactly like any other bank account. Include: Beneficiary name (your company name), IBAN (BE XX...), BIC (TRWIBEB1 for Belgian accounts). This is fully compliant with EU invoice requirements.
