{"id":3764,"date":"2025-08-28T14:47:58","date_gmt":"2025-08-28T14:47:58","guid":{"rendered":"https:\/\/iconoffices.co.uk\/blogs\/?p=3764"},"modified":"2025-11-28T08:06:44","modified_gmt":"2025-11-28T08:06:44","slug":"how-to-obtain-a-trading-address-to-open-a-bank-account-with-wise","status":"publish","type":"post","link":"https:\/\/iconoffices.co.uk\/blogs\/uk\/how-to-obtain-a-trading-address-to-open-a-bank-account-with-wise\/","title":{"rendered":"How To Obtain a Trading Address to Open a Bank Account with Wise"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><div id=\"rtoc-mokuji-wrapper\" class=\"rtoc-mokuji-content frame4 preset5 animation-fade rtoc_close default\" data-id=\"3764\" data-theme=\"Blocksy Child\">\n\t\t\t<div id=\"rtoc-mokuji-title\" class=\" rtoc_left\">\n\t\t\t<button class=\"rtoc_open_close rtoc_close\"><\/button>\n\t\t\t<span>Table of Contents<\/span>\n\t\t\t<\/div><ol class=\"rtoc-mokuji decimal_ol level-1\"><li class=\"rtoc-item\"><a href=\"#rtoc-1\"><\/a><\/li><li class=\"rtoc-item\"><a href=\"#rtoc-2\">Get a physical trading address with a physical office from only \u00a3115 per month inc VAT &#8211; <a href=\"https:\/\/iconoffices.co.uk\/shared-office-space.php\">Book Now<\/a><\/a><\/li><li class=\"rtoc-item\"><a href=\"#rtoc-3\"><b>Types of business addresses Wise requires from businesses<\/b><\/a><ul class=\"rtoc-mokuji mokuji_none level-3\"><li class=\"rtoc-item\"><a href=\"#rtoc-4\"><b>Trading address<\/b><span style=\"font-weight: 400;\">: This is the primary location where the company conducts its business activities. A trading address can be an office, a <a href=\"https:\/\/iconoffices.co.uk\/shared-office-space.php\">co-working space<\/a>, a home, or a shop. The trading address should not be;<\/span><\/a><\/li><\/ul><\/li><li class=\"rtoc-item\"><a href=\"#rtoc-5\"><b>How to obtain a trading address<\/b><\/a><\/li><li class=\"rtoc-item\"><a href=\"#rtoc-6\"><b>How Icon Offices can help with a trading address<\/b><\/a><\/li><\/ol><\/div><h2 id=\"rtoc-1\" ><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3767\" src=\"https:\/\/iconoffices.co.uk\/blogs\/wp-content\/uploads\/how-to-obtain-a-trading-address-to-open-a-bank-account-with-wise.webp\" alt=\"how to obtain a trading address to open a bank account with wise\" width=\"1151\" height=\"768\" srcset=\"https:\/\/iconoffices.co.uk\/blogs\/wp-content\/uploads\/how-to-obtain-a-trading-address-to-open-a-bank-account-with-wise.webp 1151w, https:\/\/iconoffices.co.uk\/blogs\/wp-content\/uploads\/how-to-obtain-a-trading-address-to-open-a-bank-account-with-wise-300x200.webp 300w, https:\/\/iconoffices.co.uk\/blogs\/wp-content\/uploads\/how-to-obtain-a-trading-address-to-open-a-bank-account-with-wise-1024x683.webp 1024w, https:\/\/iconoffices.co.uk\/blogs\/wp-content\/uploads\/how-to-obtain-a-trading-address-to-open-a-bank-account-with-wise-768x512.webp 768w\" sizes=\"auto, (max-width: 1151px) 100vw, 1151px\" \/><\/h2>\n<h2 id=\"rtoc-2\" ><strong>Get a physical trading address with a physical office from only \u00a3115 per month inc VAT &#8211; <a href=\"https:\/\/iconoffices.co.uk\/shared-office-space.php\">Book Now<\/a><\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Many companies with Wise business accounts that rely on a virtual address as their trading address are at risk of losing their accounts after Wise threatened to close them if they do not switch to providing a physical trading address instead.\u00a0 This is after Wise, early this year, introduced an important policy update affecting users with a virtual business address.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Wise now requires a physical trading address, which makes it easier for them to verify that your business operates from a legitimate location, preventing fraud and complying with Anti-Money Laundering (AML) policies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this article, we will go through how companies can obtain a trading address and the systematic process of replacing it to ensure Wise verifies it.<\/span><\/p>\n<h2 id=\"rtoc-3\" ><b>Types of business addresses Wise requires from businesses<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Before we dive into how you can obtain a trading address, let us understand the types of business addresses Wise requires. They include;<\/span><\/p>\n<p><b>A registered address<\/b><span style=\"font-weight: 400;\">: This is the address at which your company was registered, and it is listed on the Certificate of Incorporation.<\/span><\/p>\n<h4 id=\"rtoc-4\" ><b>Trading address<\/b><span style=\"font-weight: 400;\">: This is the primary location where the company conducts its business activities. A trading address can be an office, a <a href=\"https:\/\/iconoffices.co.uk\/shared-office-space.php\">co-working space<\/a>, a home, or a shop. The trading address should not be;<\/span><\/h4>\n<ul>\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">A virtual address<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">P.O. Box<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">Business registration agency<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">Mail forwarding address<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">While companies may use virtual business addresses as their registered office address, their trading address will be where they conduct their business activities. For instance, if your company is registered in the UK, but you manage your business in your US residential home, that will be your trading address.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The address that you will provide to Wise is where the main business operations are conducted. Wise offers its services to a limited number of countries; ensure the one you choose is accepted by the financial institution.<\/span><\/p>\n<h2 id=\"rtoc-5\" ><b>How to obtain a trading address<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">While companies can use their home as a trading address, the most practical solution is to rent a co-working or shared office space. This is essential since it enhances the professional image of your company, and clients can visit the office at any time during working hours. These office spaces come with a formal rental agreement that serves as proof of your trading address.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To secure a trading address for your Wise business account, you can start by;<\/span><\/p>\n<p><b>Understanding your business needs<\/b><span style=\"font-weight: 400;\">: Though in a hurry to change your address from a virtual to a physical trading address, it is essential to understand your business\u2019s needs. This will help you know the kind of office space to go for. It is essential to ask yourself several questions, such as: what is the size of your team? Which privacy environment do you prefer? What essential amenities will you need? Are you looking for a space focused on a specific industry or a collaborative environment?<\/span><\/p>\n<p><b>Location<\/b><span style=\"font-weight: 400;\">: After understanding your business needs, the next step is to consider the location. The location of your office should be convenient for your team and clients. Consider factors such as convenience, proximity to public transport, nearby amenities, parking availability, and safety of the area.<\/span><\/p>\n<p><b>Review plans<\/b><span style=\"font-weight: 400;\">: Co-working spaces or shared office spaces are subleased by service providers who have equipped the offices with furniture and equipment. They offer different plans that are tailored to meet every business\u2019s needs and budget.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Before settling for a service provider, review the plans offered and see if they cater to your business needs and have offices in your preferred location.<\/span><\/p>\n<p><b>Book a tour<\/b><span style=\"font-weight: 400;\">: Once you settle for a service provider, ensure to book a tour to see if everything offered by the provider is present in the physical office space. Before committing to the lease, ensure that you find out if the space is in a convenient location and will fit your team.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Evaluate if it will fit your business culture and determine if the other professionals sharing the space align with the vibe of your business.<\/span><\/p>\n<p><b>Complete the application<\/b><span style=\"font-weight: 400;\">: Once you are satisfied with the office of your choice, you can complete the application by signing the lease and getting the address agreement.<\/span><\/p>\n<h2 id=\"rtoc-6\" ><b>How Icon Offices can help with a trading address<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">As Wise and other banks and financial institutions transition to the trading address policy, many companies that were using a virtual address may find it challenging to navigate these changes. However, <a href=\"https:\/\/iconoffices.co.uk\/\">Icon Offices<\/a> can help companies with a Wise business account to remain compliant and not risk their accounts being blocked or even closed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We offer serviced physical private and <a href=\"https:\/\/iconoffices.co.uk\/shared-office-space.php\">shared offices<\/a>\/coworking spaces that offer several benefits. We have various coworking spaces spread across different locations in the UK. The office spaces come with four packages tailored for every business budget. Depending on the package you choose, the offices come with a business lounge, access to shared office space, a dedicated desk, desk space, stable internet, all utilities, free parking, and 30 minutes of free meeting room use per day.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">All our shared office space comes with a rental agreement that can be used to open a Wise business bank account to meet the updated trading address requirement.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The same address can also be used to open other business bank accounts, where a virtual address is not required in the UK.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To get a trading address in the UK, contact us at <\/span><a href=\"mailto:info@iconoffices.co.uk\"><span style=\"font-weight: 400;\">info@iconoffices.co.uk<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Table of Contents Get a physical trading address with a physical office from only \u00a3115 per month inc VAT &#8211; Book NowTypes of business addresses Wise requires from businessesTrading address: This is the primary location where the company conducts its business activities. A trading address can be an office, a co-working space, a home, or [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":3767,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-3764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/iconoffices.co.uk\/blogs\/wp-json\/wp\/v2\/posts\/3764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iconoffices.co.uk\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iconoffices.co.uk\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iconoffices.co.uk\/blogs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/iconoffices.co.uk\/blogs\/wp-json\/wp\/v2\/comments?post=3764"}],"version-history":[{"count":6,"href":"https:\/\/iconoffices.co.uk\/blogs\/wp-json\/wp\/v2\/posts\/3764\/revisions"}],"predecessor-version":[{"id":3853,"href":"https:\/\/iconoffices.co.uk\/blogs\/wp-json\/wp\/v2\/posts\/3764\/revisions\/3853"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/iconoffices.co.uk\/blogs\/wp-json\/wp\/v2\/media\/3767"}],"wp:attachment":[{"href":"https:\/\/iconoffices.co.uk\/blogs\/wp-json\/wp\/v2\/media?parent=3764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iconoffices.co.uk\/blogs\/wp-json\/wp\/v2\/categories?post=3764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iconoffices.co.uk\/blogs\/wp-json\/wp\/v2\/tags?post=3764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}