Wise Business vs Revolut Business 2026: Which Is Better?
Wise Business
Revolut Business
An honest comparison of Wise Business and Revolut Business for freelancers and SMBs. We break down fees, exchange rates, expense management, and which account wins for different use cases.
Quick Verdict
Wise Business wins for freelancers and agencies that move money internationally: local bank details in 10+ countries and true mid-market rates are hard to beat on a free plan. Revolut Business wins for teams that need expense management and domestic UK/EU banking. Most growing businesses should start with Wise and add Revolut when headcount requires it.
Feature-by-Feature Comparison
| Feature | Wise Business | Revolut Business | Winner |
|---|---|---|---|
| Monthly Fee | Free (£0) Winner | Free – £79/mo (Basic to Scale) | Wise Business |
| Exchange Rate | Mid-market rate, no markup, 7 days/week Winner | Interbank rate weekdays; 0.5–1% weekend markup | Wise Business |
| Transfer Fee | 0.33–2.85% (transparent, shown upfront) | Free to plan limit, then 0.4% | Tie |
| Currencies Supported | 40+ Winner | 25+ | Wise Business |
| Local Bank Details | 10+ countries (USD, EUR, GBP, AUD, CAD, SGD, NZD...) Winner | EUR IBAN + GBP Sort Code only | Wise Business |
| Team Access | Unlimited users, role-based (free) Winner | 1 user free; multi-user from Grow (£19/mo) | Wise Business |
| Expense Management | Basic spending overview only | Full: receipt capture, approvals, team cards Winner | Revolut Business |
| Batch Payments | Up to 1,000 payments at once Winner | Not available | Wise Business |
| Invoicing | Basic invoicing tool built in Winner | None: requires third-party | Wise Business |
| API Access | Full API with webhooks Winner | Limited (Scale/Enterprise only) | Wise Business |
| Accounting Integrations | Xero, QuickBooks, FreeAgent | Xero, QuickBooks (Grow+ only) | Tie |
Which Should You Choose?
You invoice international clients in multiple currencies (EUR, USD, GBP)
Wise Business: local bank details in 10+ countries let your clients pay as if you were local, and you convert at mid-market rates.
You run a team of 5+ people who spend on company cards
Revolut Business (Grow plan): team cards, receipt capture, and expense approvals are built in and replace a standalone expense tool.
You send bulk payments to 50+ contractors monthly
Wise Business: batch payments for up to 1,000 payees at once. Revolut doesn't offer this.
You operate primarily in GBP/EUR with domestic UK or EU clients
Revolut Business (Basic or Grow): if you rarely deal with foreign currency, Wise's main advantage doesn't apply and Revolut's banking features are more relevant.
You need the cheapest option with no monthly fees
Wise Business: the free plan covers everything a solo freelancer needs. Revolut's free plan is too restricted for regular business use.
Detailed Reviews
Wise Business
Monthly Fee
Free (£0/month)
Card Fee
£3 first physical card
Currencies
40+
International Transfers
0.33–2.85% (mid-market rate, no markup)
Pros
- Local bank details in 10+ countries (USD, EUR, GBP, AUD, CAD and more)
- True mid-market exchange rates, no weekend markup, no hidden margin
- Free base plan covers everything a solo freelancer needs
- Batch payments for up to 1,000 payees at once
- Full API with webhooks for custom integrations
Cons
- No expense management (no receipt capture, no approval workflows)
- No credit products or overdraft
- Cash deposits not supported in most markets
- Customer support is email/chat only, can be slow
Ready to try Wise Business?
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Revolut Business
Monthly Fee
Free – £79/mo (Basic to Scale)
Card Fee
Included on paid plans
Currencies
25+
International Transfers
Free to plan limit, then 0.4%; 0.5–1% weekend markup
Pros
- All-in-one platform: banking, expense tracking, analytics, cards, FX
- Multi-user team cards with spend controls from Grow plan (£19/mo)
- Receipt capture and expense approval workflows built in
- Strong Xero and QuickBooks integration
- EUR IBAN and GBP Sort Code/Account Number included
Cons
- Weekend FX markup of 0.5–1%, a gotcha for international operations
- Free plan limited to 5 transfers/month, most businesses need to upgrade immediately
- No invoicing tool, requires third-party
- International bank details in GBP and EUR only, no USD, AUD, CAD
- No batch payments
Ready to try Revolut Business?
Read Revolut Business Review → →We may earn a commission at no extra cost to you. Learn more
Wise Business vs Revolut Business: The Honest Verdict
If you’re a freelancer or small business owner deciding between Wise Business and Revolut Business, the short answer is: Wise for international operations, Revolut for team expense management.
Most serious freelancers working with international clients should start with Wise. Most growing teams should add Revolut when headcount makes the expense management worth the £19/month.
Wise Business: Deep Dive
Wise Business is a multi-currency business account built for companies that transact internationally. The free plan covers everything a solo freelancer needs. You pay only for what you use.
Standout feature: Local bank details in 10+ countries. You get real local account details, not virtual wrappers, in the UK, EU, US, Australia, Canada, Singapore, and more. Your US clients pay via ACH. Your EU clients send SEPA transfers. No SWIFT fees, no correspondent bank charges, no delays. For a freelancer billing across three countries, this saves hundreds per year.
Pricing: No monthly fee. Sending: 0.33–2.85% (transparent, shown before you confirm). Receiving local transfers: free. Converting currencies: same transparent rate. No weekend markup, ever.
Best for: Freelancers and agencies who invoice international clients, hold multi-currency balances, or pay bulk contractors. Also strong for e-commerce businesses receiving payments in USD/EUR/GBP.
Revolut Business: Deep Dive
Revolut Business is a full-stack business financial platform built to be your primary business account, with expense management, team cards, analytics, and a growing suite of financial tools.
Standout feature: Expense management for teams. Team members get physical and virtual cards. Every transaction prompts for a receipt. Expenses are categorised automatically. Approvals flow through the dashboard. For a startup with 5–15 employees, this replaces a standalone expense tool (Expensify, Spendesk) and saves £50–200/month.
Pricing: Free Basic plan (too limited for active use: 5 free transfers/month), Grow at £19/month (most businesses need this), Scale at £79/month, Enterprise custom.
Best for: UK or EU-based businesses with a team. Companies spending primarily in GBP/EUR, needing expense management, and wanting one platform for cards, banking, and analytics.
Winner by Use Case
EU freelancer with international clients → Wise Business. You invoice in EUR, get paid in GBP and USD, and need local bank details across markets. Wise gives you this on a free plan.
UK-based freelancer, domestic clients → Revolut Business Basic. If you rarely deal with foreign currency, Wise’s advantages don’t apply and Revolut’s straightforward GBP account is sufficient.
Startup with a team (5–25 people) → Revolut Business Grow (£19/mo). Team cards, expense approvals, receipt capture, and analytics in one platform. Wise doesn’t have an equivalent.
Agency making bulk contractor payments → Wise Business. Batch payments for up to 1,000 payees at once. Revolut doesn’t offer this at all.
Receiving large international invoices (€10,000+) → Wise Business. On a €10,000 transfer, Wise charges ~€70–100 in transparent fees. Revolut’s weekend markup (0.5–1%) adds cost unpredictably for large amounts.
Last updated: April 2026. Fees and features may change. Verify current pricing on Wise and Revolut’s official websites before opening an account.
Frequently Asked Questions
Can I open both Wise Business and Revolut Business?
Is Wise Business a real bank account?
Which is better for a German freelancer (Freiberufler)?
Does Revolut Business have the weekend FX markup on business accounts?
Which is better for receiving USD payments from US clients?
What accounting software integrates with both?
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