Business banking challenger Wise launches premium account in US

Ruby Hinchliffe reports that Wise, a new US business banking challenger, has launched its premium checking account in the US. Priced at $10 a month, it merges banking, payments and customer support capabilities.

Businesses can earn up to 1% annual percentage yield (APY) on their deposits. They can also send and receive various payments through the app, and get access to 24/7 live chat support.