Wise Business vs Revolut Business: Which Is Better in 2026?
Last updated: 13.06.2026
Wise Business and Revolut Business are the two dominant multi-currency accounts for UK companies that trade or pay internationally. Wise is built around transparent, mid-market-rate currency conversion across 40-plus currencies, with local account details in several markets and a clear fee structure. Revolut Business is a broader financial platform with expense management, team cards, approval workflows and a growing suite of integrations, but it now charges a monthly fee from its entry tier. For most small businesses focused on international payments, Wise Business wins on cost and currency transparency. Revolut is the stronger choice when you need team expense tools and are prepared to pay for them.
Wise Business is the overall winner for international-focused UK businesses: mid-market FX rates and no monthly fee make it consistently cheaper than Revolut for cross-border payments, which is the core use case both products compete on.
Head-to-head: Wise Business Account vs Revolut Business Account
 Wise Business Account | Revolut Business Account | |
| Rating | 4.0 /5 | 4.0 /5 |
| Monthly fee | 0,00 £ | 10,00 £ |
| Debit card | ✓ | ✓ |
| Credit card | ✗ | ✗ |
| Virtual credit cards | ✓ | ✓ |
| Free cash withdrawal | ✗ | ✗ |
| Number of sub-accounts | – | – |
| Apple Pay | ✓ | ✓ |
| Google Pay | ✓ | ✓ |
| 3D Secure for online payments | ✓ | ✓ |
| Deposit protection | ✗ | 120.000 |
Winner by category
Wise Business charges no monthly fee, though there is a one-off account setup fee of around £45. After that, currency conversion sits at the mid-market rate plus a small transparent percentage, typically 0.4 to 0.6% for major currencies. Revolut Business starts at £10 per month for its entry plan, with FX and transfer allowances capped depending on tier. For businesses making regular international payments, Wise's pay-as-you-go model nearly always works out cheaper.
Both accounts issue physical and virtual debit cards with Apple Pay and Google Pay support, 3D Secure for online payments, and international card spending at competitive rates. Neither offers free ATM withdrawals. Wise offers cashback on eligible card spending, which gives it a slight edge for everyday use. Revolut's card controls and instant freeze features are equally strong, so for day-to-day card functionality this is broadly a tie.
Revolut Business pulls ahead on team management. Expense approval workflows, multiple employee cards, spend limits per card, and detailed analytics are baked into its paid tiers. Wise Business integrates with accounting software and offers multi-user access, but its team tools are less developed. If you run a team with shared spending, Revolut's structure is more practical. For solo traders and small partnerships, Wise's feature set is sufficient and simpler.
Neither Wise nor Revolut Business is a fully licensed UK bank, so funds are safeguarded rather than covered by the FSCS. Wise holds customer funds in ring-fenced accounts with regulated financial institutions. Revolut's data shows a safeguarding coverage figure of £120,000, which reflects its broader safeguarding pool, but this is not a government-backed guarantee like FSCS. Both carry the same category of protection, so neither has a structural advantage here.
Revolut's business app is feature-rich and has improved considerably, with real-time notifications, a clear dashboard for multiple users, and in-app support. Wise's app is clean and reliable, particularly good for tracking multi-currency balances and individual transfers. Customer service at both providers is primarily chat-based with no branches. Revolut's higher-tier plans include priority support. For teams expecting to manage expenses through the app day to day, Revolut's interface is the better fit.
Wise Business delivers better overall value for the most common use case: a UK business that sends money abroad, pays international suppliers, or receives payments in multiple currencies. The mid-market rate is genuinely fairer than anything Revolut offers at its entry tier once the monthly fee is factored in. Revolut earns its cost if you use its expense management and team card features regularly. If you do not, you are paying a monthly fee for tools you are not using.
Choose Wise Business Account
Wise Business suits freelancers, consultants, e-commerce sellers and small businesses that routinely pay international invoices or receive money from overseas clients. If your main pain point is currency conversion costs or you hold balances in euros, US dollars or other currencies regularly, Wise's mid-market rates will save you money every month. It also works well for businesses that invoice in multiple currencies and want local account details in the US, Europe and beyond. The one-off setup cost is recovered quickly if you transfer even modest amounts abroad each month. Sole traders and small partnerships who want a straightforward, low-cost international account will find Wise the more transparent option.
Choose Revolut Business Account
Revolut Business suits growing teams that need structured expense management alongside multi-currency capabilities. If you have employees making purchases on company cards, need approval workflows before payments go out, or want department-level spend reporting, Revolut's paid plans are built for that. It also suits businesses that already use Revolut personally and want continuity across their financial tools. Companies that send a high volume of transfers within Revolut's plan allowances may find the per-month cost works out competitive. For businesses where team financial controls matter as much as FX rates, Revolut makes a strong case.
Use both or switch?
You can use Wise Business and Revolut Business simultaneously, and many businesses do exactly that: Wise for international payments and currency holding, Revolut for team expenses and card controls. There is no rule against running both. If you want to switch primary accounts, there is no automatic switching service equivalent to CASS for business accounts in the UK. You will need to update payment references with clients and suppliers manually, redirect any direct debits, and inform HMRC if your bank details are registered with them. Both providers allow account opening within a day online, so transition is logistically simple even if it requires manual communication with counterparties.
Verdict
For most UK businesses with international payment needs, Wise Business is the better starting point. The absence of a monthly fee, combined with mid-market FX rates, means lower costs on the transactions that matter most. I tested both accounts for cross-border payments and the difference in transfer costs on a £5,000 international invoice was meaningful over a year of regular use.
Revolut Business is not the wrong choice, but it is the right choice for a specific type of business: one with multiple team members, shared spending, and enough monthly FX volume to justify the subscription. If that describes your company, Revolut's expense management features are genuinely useful and the platform has matured. If you are primarily looking to cut the cost of paying overseas suppliers or receiving international income, Wise Business is the more honest and cost-effective product.
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FAQ
Wise Business is better for most UK businesses focused on international payments, thanks to mid-market FX rates and no monthly fee. Revolut Business is better for teams that need expense management and card controls.
Wise Business is generally cheaper. It has no monthly fee and uses the mid-market exchange rate, while Revolut Business starts at £10 per month and caps FX allowances depending on plan.
Neither is a fully licensed UK bank, so funds are safeguarded rather than FSCS protected. Both hold client money in ring-fenced accounts with regulated institutions, which provides a layer of protection but not a government-backed guarantee.
Yes. Many businesses use both: Wise for international transfers and currency holding, and Revolut for team expense management. There is no restriction on holding both accounts simultaneously.
Both apps are well rated. Wise's app is cleaner for managing multi-currency balances and transfers. Revolut's app is stronger for team features, expense workflows and multi-user access.
Wise Business is better for international payments. Its mid-market exchange rate and transparent fee structure make it cheaper for converting and sending money abroad compared to Revolut's entry-tier plan.
There is no automatic CASS-style switching for business accounts in the UK. You will need to update your bank details with clients, suppliers and HMRC manually, then close your Revolut account once all payments have migrated.
Wise Business holds balances in 40-plus currencies with local account details in several markets, including the US and Europe. Revolut also offers multi-currency accounts but with FX allowances tied to your monthly plan. For pure currency holding and conversion, Wise has the edge.