Wise Business
Multi-currency business account with debit and expense cards, built around low-cost FX for international payments.
Overview
Wise Business is a multi-currency business account paired with Visa debit cards, positioned around low-cost international payments. The card is a debit product funded by the account balance rather than a credit line, so there is no personal guarantee or credit check, and spend is capped at the deposited balance with admin-set per-card limits.
The account carries no monthly software fee, with a one-time account set-up fee of roughly $31. Card spend incurs no foreign transaction fees and uses the mid-market rate with no FX markup. Admins can issue virtual cards instantly to separate expense types.
Beyond cards, Wise Business handles vendor bill payment and batch transfers of up to 1,000 payments from a spreadsheet, syncs natively to accounting tools including QuickBooks, Xero, NetSuite and Sage, and exposes a public API for payments automation and card issuing. It holds SOC 2 Type II along with SOC 1 Type 2, PCI DSS and ISO 27001.
Best for
- Businesses with cross-border spend that want no foreign transaction fees and mid-market FX rates with no markup.
- Teams that want to avoid a personal guarantee or credit check, since the card is debit and funded by the account balance.
- Buyers avoiding monthly software fees: there is no recurring fee, only a one-time set-up charge of about $31.
- Finance teams needing accounting sync and bill pay, with native connections to QuickBooks, Xero, NetSuite and Sage plus batch transfers up to 1,000 payments.
- Developers automating payments or issuing cards programmatically through the public Wise API.
Less ideal for
- Teams wanting card rewards: Wise Business has no cash-back or points program.
- Organizations that need multi-step approval routing for expenses; controls are limited to per-card spend limits and freezes, with no approval workflows.
- Businesses seeking a credit line or float, since spend is capped at the deposited account balance rather than extended credit.
Pricing
Card & limits
Rewards & cash back
Spend management
Security & compliance
Platform & integrations
Compare Wise Business
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