Is this cashback on card purchases?
No. This program concerns eligible ordinary cash balances in the EEA, not spending rewards.
Spain · Wise balance cashback
Wise balance cashback in Spain
Eligible EEA cash balances in EUR, GBP and USD may earn monthly cashback. The rate varies, Belgian withholding tax applies, and money held in Interest or Stocks is excluded.
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Compare the options
| What to compare | Wise balance cashback | Savings alternatives |
|---|---|---|
| What earns a return | Eligible ordinary EUR, GBP and USD cash balances in the EEA. | Wise Interest invests balances in funds; card rewards are another product. |
| Rate and payment | Wise sets variable cashback rates and pays monthly; it may change or stop the program. | Compare current net returns and whether the rate is variable or temporary. |
| Tax | Wise deducts 30% Belgian withholding before payment. Local tax or reclaim rules may also apply. | Compare tax treatment for your residence and personal circumstances. |
| Using both products | Money held in Interest or Stocks does not also earn cash cashback. | Choose which product holds each balance; do not add the returns together. |
Before you choose
Keep cash available
Check whether your residence and cash currencies qualify. Cashback does not require card purchases.
Compare with Interest
Interest invests in funds and carries investment risk. It does not receive cashback on top.
Compare the net amount
Allow for withholding and your local tax treatment. Do not treat a previous month’s rate as guaranteed.
Ready for the next step?
Check eligibility and current terms on Wise before choosing.
Related guides
Frequently asked questions
Which currencies qualify?
Eligible ordinary EUR, GBP and USD balances can qualify. Money in Interest or Stocks does not.
Is cashback fixed or guaranteed?
No. Wise sets variable rates and may change or discontinue the program. Payments are monthly under the eligibility rules.
What tax is deducted?
Wise deducts 30% Belgian withholding before paying cashback. Check any additional local obligations or reclaim eligibility.