Wise Business
The business account for going global.
Overview
Wise Business (formerly TransferWise Business) provides a multi-currency account that allows businesses to send, spend, and receive money internationally with transparent fees and the mid-market exchange rate. It's designed for businesses of all sizes that work with international clients, suppliers, or employees.
✨ Key Features
- Multi-currency account (hold and exchange 50+ currencies)
- Local bank details for 10 currencies
- International payments at the mid-market exchange rate
- Batch payments
- Business debit card
- API for automating payments
🎯 Key Differentiators
- Transparency on fees and exchange rates (mid-market rate)
- Strong multi-currency capabilities
- Extensive global payment network
Unique Value: Wise Business enables companies to manage their international finances with ease and transparency, saving them money on hidden fees and exchange rate markups.
🎯 Use Cases (3)
✅ Best For
- Helping an online retailer save money on currency conversion when receiving payments from international customers
- Enabling a tech company to pay its remote international employees with low fees
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Businesses that only operate domestically
- Companies needing in-person branch services or traditional lending products
🏆 Alternatives
Compared to traditional banks, Wise is significantly cheaper and faster for international payments. Against other fintechs, its key differentiator is its commitment to using the real mid-market exchange rate and its transparent fee structure.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Live Chat
- ✓ Phone Support
🔒 Compliance & Security
💰 Pricing
Free tier: No monthly fee. A one-time setup fee applies. Fees are charged for currency conversions and transfers.
🔄 Similar Tools in Neo Banks
Revolut Business
A business account for easy payments, and powerful tools that give you total control over your finan...
Starling Bank Business
A digital-only bank offering business current accounts with no monthly fees....
Monzo Business
A digital bank account that helps small businesses manage their money and get paid....
N26 Business
A mobile business account for freelancers and the self-employed....
Qonto
A digital business account for SMEs and freelancers in Europe....
Tide
A UK-based business account designed for small businesses, freelancers, and sole traders....