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Wise VS Revolut: Business Accounts & Pricing [2024]

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Wise logo Revolut logo
Key Features

Multi-currency account supporting over 40 currencies
✅ Digital and physical multi-currency debit cards
✅ Payroll and mass payment features
✅ Business API integration to automate payments
Key Features

✅ Multi-currency business account supporting over 25 currencies
✅ Local account details for GBP, USD, and EUR transactions
✅ Account tiers ensuring access to necessary features without unnecessary expenses
✅ Accounting software integration with Xero, QuickBooks, and Sage
Best For

Freelancers and businesses seeking a cost-efficient and convenient way to send money internationally.
Best For

SMEs based in Australia, Europe, the UK, and the US that are looking for advanced financial tools to manage international payments.
Trustpilot rating
⭐⭐⭐⭐ 4.2/5
Based on 211,622 reviews
Trustpilot rating
⭐⭐⭐⭐ 4.2/5
Based on 149,879 reviews
Learn more about Wise Learn more about Revolut
Statrys mobile application dashboard showing a total balance in a business account.

Wise Overview

Wise is a financial service provider based in London, UK. It was founded in 2011 and was formerly known as TransferWise. 

Wise offers services to simplify international money transfers to personal and business customers, including virtual accounts supporting over 40 currencies.  Wise’s services are available in most countries and regions worldwide, including Australia, the UK, and the US. 

  • Eligible countries: Most countries and regions
  • Eligible company type: Any type of business, including sole traders, limited companies, and charities registered in the EEA, Switzerland, Canada, the US, the UK,  Australia, and New Zealand
  • Licences: Wise is licensed and regulated in multiple locations, including as an Electronic Money Institution in the UK. It is also passported to operate in the EEA through its authorisation as a Payment Institution by the National Bank of Belgium. 
  • Partner banks: Several major banks in multiple regions, including Barclays, Citibank, Wells Fargo, and JP Morgan Chase.

Revolut Overview

Launched in 2015, Revolut is a UK-based neobank providing extensive financial services to facilitate online payments in multiple currencies, including multi-currency accounts, currency exchange, and cross-border money transfer services for individual and business customers. 

Revolut currently serves over 40 million personal customers and more than 500,000 business customers worldwide. 

  • Eligible countries: Revolut Business is exclusively available for companies registered in Australia, the UK, and countries and territories within the EEA. 
  • Eligible company type: Freelancer or sole trader, partnership, limited partnership, limited liability partnership, public limited company, and private limited company. 
  • Licences: Revolut is authorised by the UK's Financial Conduct Authority (FCA) under the Electronic Money Regulations 2011. It also holds a banking licence for the EEA granted by the Bank of Lithuania. 
  • Partner banks: Not specified

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Business Account Features 

  Wise logo Revolut logo
Supported Currencies Over 40 currencies, including GBP, EUR, AUD, NZD, HKD, and SGD. Over 25 currencies, GBP, EUR, USD, ZAR, TRY, SAR, SGD, SEK, RON, PLN, NZD, NOK, MXN, JPY, ILS, HUF, HKD, DKK, CZK, CHF, CAD, AUD, BGN, QAR, THB, and AED.
Local Account Details 9+ Currencies, including GBP, EUR, USD, AUD, HKD, and SGD.  3 Currencies: GBP, EUR, and USD
International Payments (SWIFT) yes yes
Accounting Software Integration yes yes
Standout Pro • Services available in multiple countries and regions worldwide
• Enables batch payments to 1000 payees in one click
• Offers multi-user access with custom roles
• Provides a one-month free trial for the paid account plan
• Allows recurring and scheduled payments
• Supports forward currency contracts and crypto exchange (with fees)
Standout Cons  • Business account features and fees vary by location
• Not suitable for businesses needing advanced FX hedging tools
• Offers limited free transactions for free account plans
• Requires a physical presence in the country where the business is incorporated and in countries where Revolut provides its services

💡Tip: Both Revolut and Wise offer services in several regions worldwide. We recommend checking the information with each of them for accuracy.

Wise vs Revolut Features Rating

Wise’s Features Rating is 4.7/5

With its broader currency support, extensive local account details, and more comprehensive service availability compared to Revolut, Wise is highly suitable for businesses requiring flexibility in international transfers and global reach in their operations. 

Revolut’s Features Rating is 4.3/5

While offering a solid range of services, including innovative features like crypto exchange, Revolut's currency support and local account offerings are less extensive than those of Wise. Although its focus on specific regions allows it to cater to the unique needs of those areas, this approach limits its accessibility to a wider audience. However, it still provides valuable tools for businesses, especially those looking to explore new financial products.

Business Account Fees

  Wise logo Revolut logo
Account Opening Fee Depends on your location
UK: GBP 45
EU: EUR 50
US: Free
Monthly Account Fees Free Depends on the account plan
Freelancer Basic: Free
Professional: From GBP 5 per month Ultimate: From GBP 19 per month

Company Basic: Free
Grow: From GBP 19 per month
Scale: From GBP 79 per month
Enterprise: Custom*
Receive Local Payments Free Free for inbound transfers in EUR, GBP, USD, and CHF
Send Local Payments From 0.43% GBP 0.2 outside of each plan’s allowance
Receive International Payments (SWIFT) CAD 10 per SWIFT payment in CAD Free for inbound transfers in EUR, GBP, USD, and CHF
Send International Payments (SWIFT) Depends on each bank’s handling fees GBP 5 per transaction outside of each plan’s allowance
FX Fee From 0.43%  (Varies by currency) 0.6% fee for currency exchange over the account allowance
1% fee for exchanges outside market hours
FX Rate Mid-market exchange rate Interbank exchange rate

*Revolut offers discounted rates for annual payment plans

Wise vs Revolut Fees Rating

Wise’s Fees Rating is 4.5/5

Wise provides a cost-effective international payment solution with monthly fee-free accounts and competitive FX fees. However, the variable costs for specific services, such as receiving SWIFT payments, can be challenging to follow. 

Revolut’s Fees Rating is 4.4/5

Revolut offers a flexible fee structure without any account opening charges and tiered account plans to suit each business’s specific needs. Despite this flexibility, certain transaction fees, including transfer fees outside the account plan’s allowance, may add up for companies with high transaction volumes. 

Card Features and Fees

  Wise logo Revolut logo
Card Type Physical and virtual debit cards Physical and virtual debit cards 
Card Base Currency Multi-currency Multi-currency
Payment Limit Varies by issuing country
UK: GBP 45,000 per month EU: EUR 45,000 per month
GBP 5,000,000 per month (or the equivalent in other currencies)
ATM Withdrawal  Available in limited locations yes
ATM Withdrawal Fee 2 free withdrawals per calendar month 2% per each transaction
ATM Withdrawal Limit Varies by location
UK: GBP 4,000 per month EU: EUR 4,000 per month
GBP 3,000 or equivalent per 24 hours
Standout Pro • Compatible with Google Pay and Apple Pay
• No foreign transaction fees
Earns 0.5% cash back on some transactions
• Allows spending in over 150 currencies worldwide with no per-payment fee 
• Offers up to 200 virtual company cards per team member
Standout Cons  • Payment cards are only available in specific regions, including the UK, Switzerland, Australia, Singapore, and most of the EEA. • The 2% ATM withdrawal fee can add up for frequent withdrawals.

Wise vs Revolut Card Features and Fees Rating

Wise’s Card Features and Fees Rating is 3.5/5

Wise offers beneficial features for its card users, including digital wallet compatibility, no foreign transaction fees, and cashback on some spending. However, the availability of Wise’s cards in limited regions is a significant drawback. 

Revolut’s Card Features and Fees Rating is 4.5/5

Revolut stands out for its flexibility in multi-currency card spending and the ability to issue a significant number of virtual cards, catering well to businesses operating globally. Moreover, the monthly card payment limit is relatively high compared to Wise. The only downside of Revolut’s card is that the ATM withdrawal fee could add up for cash-reliant users. 

Statrys mobile application dashboard showing a total balance in a business account.

Customer Support

  Wise logo Revolut logo
Communication Channels Help centre, Contact form, Phone, Email, and Personalised support for Wise account holders  Help centre, Email, and In-app chat with experts for customers with Revolut accounts
Working Hours Not specified 24/7 in-app chat

Wise vs Revolut Customer Support Rating

Wise’s Customer Support Rating is 3.9/5

Wise provides various contact methods for customer support, including personalised assistance through phone and email for account holders. However, only a little information is provided on its website, which could affect potential users. 

Revolut’s Customer Support Rating is 4.7/5

Revolut’s 24/7 digital support via the Revolut app appeals especially to users who prefer quick, on-the-go assistance. Customers who rely on digital banking solutions can benefit from this constant availability for their immediate financial needs.

Have a Business in Asia? Consider Statrys

If you are planning to set up your business in Hong Kong or Singapore or are looking for a convenient option for international transfers in this region, Statrys offers comprehensive solutions for handling funds in multiple currencies. 

With a Statrys business account, you can send and receive money in 11 major currencies, including USD, HKD, CNY, AUD, EUR, GBP, SGD, JPY, CHF, NZD, and CAD, all under one account number. You can also benefit from real-time SWIFT payment tracking, free invoicing software, and integration with Xero. Additionally, you'll have access to dedicated, multi-lingual customer support from a team that understands your needs.

Statrys Key Services

Key Services Details
Multi-Currency Business Account Hold, receive, and send money in 11 currencies: USD, HKD, CNY, AUD, EUR, GBP, SGD, JPY, CHF, NZD, and CAD.
Local Payments Send local payments in 14 currencies: HKD, AUD, EUR, GBP, IDR, INR, KRW, PHP, SGD, THB, TRY, USD, and VND
SWIFT Payments & Real-time tracking yes
Customer Support Channels Website, Live Chat, Email, Phone, WhatsApp, and WeChat
Business Account Opening Requirements Must be incorporated in Hong Kong, Singapore, or the BVI.
Business Account Monthly Fee HKD 88 (with a dedicated account manager for personalised support)
FX rate and Fee Competitive exchange rates with FX fees as low as 0.1%
Payment Cards Physical and virtual cards
ATM Withdrawl yes
Free Invoicing Software Create, manage, and send invoices efficiently
Company Registration Service 100% online Hong Kong and Singapore company registration.
Trustpilot Score 4.6/5, based on 261 reviews
Statrys mobile application dashboard showing a total balance in a business account.


What is the difference between Wise and Revolut?

The main difference between Wise and Revolut is their features. Wise focuses on providing affordable methods to transfer money internationally, while Revolut offers a broader range of business financial services, including cryptocurrency trading and stock trading.

Is Wise safer than Revolut?


How are the business cards from Airwallex and Wise different?


Are there any alternatives to Wise and Revolut for businesses in Asia?



More info

Statrys competes directly with Wise in the payment industry but not with Revolut, as we do not provide services in Europe, the UK, or the US. However, we're committed to providing an unbiased, thorough review to help you make an informed choice.

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