Written by Bertrand Théaud, Statrys Founder
20+ years in Asia as a corporate lawyer, investor, and fintech founder. I've sat on both sides of the table and seen the same avoidable mistakes hit founders again and again. The reviews and articles I write are for founders who'd rather skip the mistakes.
If you're deciding between Wise and Statrys for your business account, it comes down to how your business runs and what you need the account to handle. Wise gives you broad international coverage, local account details in major markets, and lots of automation. Statrys takes a more guided approach, offering predictable FX, simple local payouts across Asia, Mastercard® cards, and support from real people when you need it.
Both work well; they suit different businesses. This comparison walks through the differences so you can see which fits.
Fees, features, and figures in this comparison were verified against Statrys's and Wise's official pages as of August 2026. Details change, so check both providers' sites for the latest before deciding.
Quick Take: Which One Should You Use?
Choose Statrys if:
- Your business mainly pays or gets paid across Asia and benefits from local payment channels.
- You want predictable, published FX and transfer fees (FX from 0.1%) when moving money internationally.
- You prefer support from real people, including a dedicated account manager, when payments or compliance need attention.
- You want a simpler setup focused on day-to-day payment operations.
Choose Wise if:
- You work with clients or platforms in many countries and need the broadest currency coverage (40+ currencies).
- You need local account details to collect in markets like the UK, US, EU, and Australia.
- You prefer automation, with API access and batch payments.
- You sell internationally on platforms like Amazon or Shopify.
In short, Statrys suits SMEs with most of their payments in Asia who want clear pricing and hands-on support; Wise suits businesses spanning many markets that want maximum currency reach and self-serve automation.
Key Feature Comparison
| Feature | Statrys | Wise |
|---|---|---|
| Hold Currencies | 11 major currencies (HKD, USD, EUR, CNY, GBP, SGD, JPY, AUD, CHF, NZD, CAD) | 40+ currencies |
| Currencies for Sending | 11 currencies via SWIFT, plus local-currency payouts to more markets (INR, IDR, PHP, THB, TRY, KRW, VND) | 40+ currencies |
| Receive Payments | 11 currencies with dedicated receiving details | Account details to receive in 22 currencies; free domestic receive in 9 |
| Local Account Details | One multi-currency account number, plus local account details in the UK (GBP), Germany (EUR), Luxembourg (EUR), Denmark (DKK), Australia (AUD) and Liechtenstein (CHF) | UK, US, EU, AU, and other major markets |
| Payment Cards | ✅ Mastercard®, virtual and physical (in-store, online, ATM; Hong Kong accounts only) | ✅ Multi-currency card (available in selected regions) |
| International Transfer Tracking | MT103 SWIFT tracking | Status updates in the app |
| Integrations | Xero; connects with Shopify, Stripe, and PayPal for e-commerce payments | Xero, QuickBooks (varies by region) |
| FX Tools | ✅ Rate-locking / hedging tools | Not specified |
Statrys keeps things simple and Asia-focused, with strong local payment channels, one account number to receive in all supported currencies, and now local account details in the UK, Australia, Denmark, and Liechtenstein, which narrows a gap Wise used to own outright. Wise still covers more currencies and offers local details in more major markets, which helps if clients pay you from many countries.
The real question is where your money comes from: mostly Asia points to Statrys; many regions points to Wise.
Key Fee Comparison
All figures verified on statrys.com/hk/pricing and wise.com/us/pricing/business, August 2026. Statrys fees are shown in HKD (Hong Kong pricing); Wise fees are region-dependent.
| Fee Type | Statrys | Wise |
|---|---|---|
| Account Opening | Free, no minimum deposit | One-time set-up fee (USD 31 in the US; varies by region) |
| Monthly Fee | Free | Free |
| Send Local Payments | HKD 5 (HKD/CNY); HKD 25–50 for other local currencies; GBP/EUR free via local European accounts | From 0.57% (varies by currency) |
| Send International (SWIFT) | HKD 85 | From 0.57% (varies by currency) |
| Receive Local Payments | Free | Free |
| Receive International (SWIFT) | HKD 60 | Fixed per currency (USD 6.11, GBP 2.16, EUR 2.39) |
| FX Fees | From 0.1% (major currencies), from 0.15% (others), on the mid-market rate | From 0.57%, varies by currency |
| Card Spending | Overseas (non-HKD) 1.5% conversion fee; ATM +1.99% | Same-currency spend free; ATM free up to USD 250/month, then USD 1.95 + 1.95% |
Statrys uses fixed, published transfer fees and FX from 0.1%, which makes costs easy to plan when you send or receive regularly. Wise's fees vary by currency, route, and payment method (sometimes cheaper, sometimes not), so the final cost is something you check per transfer.
One shift worth noting: Wise's send and conversion fees now start from 0.57% (up from 0.33% previously), widening the gap on FX-heavy usage.
Application Process
| Step | Statrys | Wise |
|---|---|---|
| 100% Online Application | ✅ | ✅ |
| Who Can Apply | Companies incorporated in Hong Kong, Singapore, and the BVI | Sole traders, limited companies, partnerships, charities, and trusts in supported regions |
| Approval Time | Typically under 3 business days once documents are submitted (96% of clients within 3 business days) | 1–2 days with complete documents; up to 10 business days if extra verification is needed |
Both open fully online. Statrys works with companies incorporated in Hong Kong, Singapore, and the BVI, so the flow is straightforward once your documents are ready. Wise supports a wider range of business types across more countries, which is useful if your company isn't a typical HK/SG entity, though it can mean extra checks depending on where you're registered.
Customer Support
| Support | Statrys | Wise |
|---|---|---|
| Channels | Phone, email, live chat, website, WhatsApp, WeChat | Help Centre, in-app chat, email, phone (varies by region) |
| Dedicated Account Manager | ✅ | ❌ |
| Hours | 10am–7pm (GMT+8), Mon–Fri; 24/7 website chat (automated, team replies in business hours) | Not specified |
Statrys gives you several ways to reach a real person and assigns a dedicated account manager, which is useful when setting up or when a payment or compliance issue needs attention. Wise leans on self-serve tools, with most queries starting in the Help Centre; that works well for routine transfers but is less direct when a case needs escalation.
User Reviews and Ratings
| Ratings | Statrys | Wise |
|---|---|---|
| Trustpilot | 4.8/5 (469 reviews, as of August 2026) | 4.3/5 (298,000 reviews, as of August 2026) |
| Common Praise | Helpful support, smooth onboarding, user-friendly platform | Clear fees, fast transfers, easy to use for everyday international payments |
| Common Complaints | Not all company types/jurisdictions qualify (rejected applications) | Slower verification during compliance checks; limited support when cases escalate |
Reviews highlight different strengths: Statrys for onboarding support and responsiveness, Wise for fast transfers, clear pricing, and everyday ease of use. The common downsides differ too: Statrys on eligibility limits, Wise on slower verification and support escalation.
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FAQs
What are the key differences between Wise and Statrys?
Wise offers broad global reach, 40+ currencies, and local account details in major markets like the UK, US, EU, and Australia, built for speed and automation. Statrys focuses on predictable fees (FX from 0.1%), local payouts across Asia, Mastercard® cards, and support from real people including a dedicated account manager. Wise suits multi-region payments; Statrys suits Asia-centred SMEs that value clear pricing and hands-on help.
Is Wise cheaper than Statrys?
It depends on how you use the account. Wise's send and conversion fees start from 0.57% and vary by currency and route, so the cost changes per transfer. Statrys uses fixed transfer fees and FX from 0.1% on major currencies, which is usually cheaper and more predictable for regular Asia-focused flows. Compare the all-in cost for your actual currencies before deciding.
Does Statrys offer a business card?
Yes, for Hong Kong business accounts. Statrys provides Mastercard® payment cards, both virtual and physical, for in-store purchases, online payments, and ATM withdrawals, with team cards you can manage in the app.
Can I use both Wise and Statrys for my business?
Yes. Many businesses use each for what it does best . For example, Wise for marketplace payouts across many currencies and Statrys for paying suppliers in Asia and holding RMB, HKD, and SGD with predictable FX.
Disclaimer
Statrys competes directly with Wise in the payment industry, but we're committed to an unbiased, thorough comparison and have verified both providers' figures against their official pages. Fees and features change, so confirm the current details on each provider's site before you decide.
