Wise Business

: 2024 Review

Best for remote small businesses
Price: 
Free after $31 opening fee
Countries:
Global

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Wise Business

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Review

Wise Business is my go-to account for paying international vendors and service providers. I love using it for international transfers due to its low fees, fast transfer times, and versatility (over 50 currencies offered). As a bonus, it also offers helpful features like team management and expense tracking.

How to apply

  • Apply online here
  • You'll be asked to submit your personal and company documents

Key Benefits and Features

  • Provides access to over 50 currencies in over 170 countries, all without any foreign transaction fees
  • Offers seamless connections with Xero, QuickBooks, Sage, FreshBooks, Wave, Oracle NetSuite, and other software solutions
  • Allows fund transfer to as many as 80 countries
  • Safeguard and change money across 50+ currencies
  • US-based businesses can benefit from an interest-bearing account with a competitive APY

Fees

  • Opening fee: $31 one-time
  • Monthly Fee: $0
  • Bank Transfers: variable
  • Card Purchases: variable
  • Foreign transaction fee: Varies by currency pair, typically lower than traditional banks

Sources: Monito, Fit Small Business

Dexter Zhuang
Dexter Zhuang

Dexter is the founder of Money Abroad, an online education platform that helps people shift from "live to work" to "work to live." He writes about money, portfolio careers, and life design. Starting his career in San Francisco, he has lived and worked across Southeast Asia and Latin America for the past 6 years. He has 10+ years of experience building products and teams at public companies (Dropbox) and scaling startups (Xendit). His work has been featured in global outlets like Business Insider, CBS, US News & World Report, and Tech in Asia. He graduated from Dartmouth College.

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