Wise Business Review: The Best Multi-Currency Account
Is Wise Business the right banking solution for your EU company? Here's our honest review of this popular multi-currency business account.
Comparison Disclaimer
Pricing and features shown are based on publicly available information. Always verify current pricing on provider websites before making decisions. We receive affiliate commissions from some providers. Information current as of January 2025.
Verdict: Best for International Payments and Multi-Currency
Wise Business is the go-to choice for EU businesses sending and receiving international payments. Transparent pricing, excellent FX rates, and local bank details in 10 currencies. Essential for e-residents and global businesses.
Monthly fee
€0
FX markup
0.35-0.75%
Currencies
40+
Transfers
1-2 days
What is Wise Business?
Wise Business (formerly TransferWise) is a multi-currency business account that lets you hold, send, and receive money in 40+ currencies. You get local bank details in 10 currencies (including EUR, USD, GBP), so clients can pay you like a local.
Wise is known for transparent, low FX fees and the mid-market exchange rate. No monthly fees — you only pay when you convert or transfer money.
How Wise Business Works
Sign Up
Register with business documents. Estonian companies (including e-resident OÜs) accepted.
Get Bank Details
Receive local bank details for EUR, USD, GBP, and 7 other currencies.
Receive Payments
Share local details with clients. They pay as if you're local — no international wire fees.
Send & Convert
Send payments worldwide or convert between currencies at the mid-market rate.
Wise Business Pricing
| Fee Type | Cost | Notes |
|---|---|---|
| Monthly fee | €0 | No subscription |
| SEPA transfer | €0.43 | EUR to EUR |
| FX conversion | 0.35-0.75% | Varies by currency pair |
| International wire | Varies | Shown upfront |
| Physical card | €7 one-time | Visa debit |
| ATM withdrawal | €0.50 + 1.75% | After €200 free/month |
All fees shown upfront before you confirm. No hidden charges.
Pros and Cons
Pros
- No monthly fee — truly free account
- Best FX rates in the market (mid-market rate)
- Local bank details in 10 currencies
- Transparent pricing (always know the cost upfront)
- Works well with Estonian e-resident companies
- Easy to open, quick verification
- Excellent API for integrations
Cons
- SEPA transfers cost €0.43 each (Revolut is free)
- No expense management features
- Limited team card options
- Not a full bank (no loans, overdrafts)
- ATM fees add up for cash withdrawals
Who Is Wise Business For?
Perfect For
- E-residents with Estonian companies
- Businesses with international clients
- Freelancers receiving payments in multiple currencies
- SaaS companies with global customers
- Anyone prioritizing low FX fees
- Businesses needing transparent pricing
Not Ideal For
- Teams needing expense management
- High-volume SEPA senders (consider Revolut)
- Those needing traditional banking (loans, overdrafts)
- Businesses wanting one all-in-one platform
Wise vs Revolut Business
| Feature | Wise Business | Revolut Business |
|---|---|---|
| Monthly fee | €0 | €0 (free plan) |
| FX rates | Best (mid-market) | Good (markup varies) |
| SEPA transfers | €0.43 each | Free |
| Local bank details | 10 currencies | 3 currencies |
| Team expense cards | Limited | Yes |
| Best for | International payments | All-in-one banking |
Many businesses use both: Wise for international payments, Revolut for daily banking.
Alternatives to Wise Business
Revolut Business
€0-100/month
Better for teams, expense cards, and high-volume SEPA. Free SEPA transfers on paid plans.
ComparePayoneer
Varies
Good for receiving payments from marketplaces (Amazon, Upwork). Higher fees than Wise.
Mercury (US)
$0/month
For US companies. Not available for Estonian e-resident companies.
Frequently Asked Questions
Common questions about Wise Business
All information verified as of December 2025. Prices and features subject to change. Always verify current pricing with providers.
