Wise Business vs Revolut Business: the multi-currency face-off
Both of these built their reputation on international money movement, and if that’s the reason you’re comparing them, the differences are worth understanding properly rather than picking whichever ad you saw first.
Wise’s approach
Wise is built almost entirely around transparent, close-to-mid-market exchange rates. You hold balances in dozens of currencies and convert between them with a clearly shown fee, no hidden markup buried in the rate. It’s not a full UK bank account in the traditional sense, it’s a money service, which matters for some formal banking requirements but rarely matters for day to day use.
Revolut’s approach
Revolut also offers multi-currency accounts and generally competitive rates, alongside a broader set of spend management and card control features aimed at teams. Its free tier has more limits on FX before fees kick in compared to Wise’s more consistently transparent pricing.
Where the actual saving is
If your business converts significant sums between currencies regularly, even a small percentage difference in exchange rate adds up fast. Wise’s pricing transparency tends to make it easier to predict your actual cost. Revolut can still work out cheaper depending on your specific volume and plan tier, it’s worth checking both calculators for your real numbers rather than assuming.
The honest recommendation
High volume, frequent currency conversion, want maximum transparency: Wise. Want currency features plus broader team spend controls in one app: Revolut. Both beat a traditional bank’s FX rates by a wide margin either way.
Some links here are referral links, if you sign up with a partner we may earn a fee at no cost to you. It never changes what we recommend or the order we list it, and where the free option is genuinely the best one, that’s what we’ll say. Details change, always check current terms on the provider’s own site. This is information, not financial advice.