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US citizens in the UK · Institutions

Which Wise accounts accept US citizens

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Wise opens a multi-currency account for a US person but pays one no interest.

At a glance

Account type Verdict Accounts Updated
Multi-currency accounts Accepts, pays no interest 1

Multi-currency accounts

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Accepts, pays no interest
Updated

Opens to a US citizen living in the UK on the usual tax self-certification, with no minimum balance, and it is the cheapest way to hold and move both currencies. Wise is an electronic money institution, so your balance is safeguarded rather than FSCS-protected, and it earns nothing because the fund partner behind its interest feature cannot onboard US citizens.

Safeguarded, not FSCS-protected · app and online

Account Terms The catch
Wise account
Monthly fee
Free
Interest
0% for US persons
Currencies
40 currencies including USD, with local details in 22
Cost to convert
From 0.24%
Rate as of
 Interest is paid through a fund partner that cannot onboard US citizens. The card costs £7 once, and there is no subscription.

Source: Wise Interest and Stocks eligibility, 2026-08-17 Wise's own page

Account names link to the provider's own site. No link on this page is paid. How Momo makes money. Every institution, A to Z.

Confirm your own position with a cross-border specialist. Acceptance policies and tax rules change, and your facts may differ from the general case. Rates and terms here are the provider's published figures rather than an offer, and the provider decides each application on its own criteria. Use this as a map, not a ruling. Last checked .
Tax

FBAR

If your foreign accounts top $10,000 combined at any point in the year, you file an FBAR. What counts, when it is due, and what happens if you miss it.

 Tax

FATCA

Do UK banks report your account to the IRS? Yes, through HMRC, under FATCA. It is a reporting law, not a tax. Where it bites is access.