Wise Business vs Revolut Business: A Full Comparison 2026
Wise Business vs Revolut Business is a common comparison for Singapore companies that want multi-currency accounts, cards and international payments. However, the two services charge and work differently.
While both are specialist multi-currency account providers, the features on offer as well as the chagrin structures are pretty different. This guide compares their fees, exchange rates and features side by side.
Summary
- Wise Business: pay as you go pricing, the mid-market exchange rate, business debit cards, and local account details in selected currencies.
- Revolut Business: monthly plans, plan-based foreign exchange allowances, business debit cards, and broader payment acceptance tools on some routes.
Table of contents:
- The important bits: Which is better for international businesses?
- Pros and cons: Wise Business or Revolut Business?
- The verdict: Which is better for business Wise or Revolut?
- Wise Business vs Revolut Business fees
- Wise Business vs Revolut Business exchange rates
- Wise Business vs Revolut Business for international business payments
- Which is faster for international payments?
- Wise Business vs Revolut Business for receiving money
- Wise Business vs Revolut Business cards
- Wise Business vs Revolut Business limits
Side by side: Differences between Wise Business and Revolut Business
Let's start with an overview of some of the key features of Wise Business vs Revolut Business to give an idea of the services available from each.
Feature | Wise Business | Revolut Business |
|---|---|---|
Account types | One business account with pay as you go pricing | Multiple plans, including Basic, Grow and Scale |
Multi-currency features | Hold 40+ currencies and get account details in selected currencies | Hold and exchange 30+ currencies with plan-based FX allowances |
Business debit cards | Physical and virtual cards for teams | Physical and virtual corporate cards, with extras depending on plan |
Send-to countries | International payments to 160+ countries and regions in 40+ currencies | Global transfers to 150+ countries in 25+ currencies |
Integrations | Accounting integrations and API | Accounting, HR and business app integrations, plus API on some plans |
Bulk payments | ✅ Yes | ✅ Yes |
Regulation | Regulated by MAS as a Major Payment Institution | Regulated by MAS as a Major Payment Institution |
So, to summarize:
Revolut has different account tiers for Singapore customers, Wise offers the same account features to all Business customers
Wise has a multi-currency account to support 40+ currencies - Revolut accounts support 25+ currencies
Both providers offer payment cards which can be used globally
Wise offers international transfers to 40+ countries, Revolut customers can send to 150+ countries
Wise offers integrations and bulk payments for all accounts, Revolut business customers with higher tier accounts can access all services, Basic account plan holders may face limitations
Both providers are fully regulated in the countries where they offer services
The important bits: Which is better for international businesses?
When you're choosing between Wise vs Revolut you'll need to consider costs, features and reliability. Let's walk through a head to head comparison for Wise Business vs Revolut Business in Singapore.
Area | Wise Business | Revolut Business |
|---|---|---|
Rates | Uses the mid-market exchange rate, with conversion fees from 0.19% | Uses the Revolut exchange rate within weekday plan allowance, then a 0.6% markup and 1% out-of-hours fee |
Fees | No monthly fee, with pay per use pricing | Monthly subscription model, with extra charges once included limits are used |
Speed | Wise says most transfers arrive within 24 hours, and many arrive in seconds*. | Transfer speed varies by route, currency and payment rail |
Service | Web and app management, team access and core business tools | Web and app management, plus wider spend and merchant tools on some plans |
Regulation | Regulated by MAS as a Major Payment Institution | Regulated by MAS as a Major Payment Institution |
Reviews | 4.3 stars, Excellent, from 298k+ reviews | 4.7 stars, Excellent, from 446k+ reviews |
If your business mostly sends or receives money across borders, the real question is how often you transact and whether you want fixed monthly allowances or simple per transaction pricing.
Buy airport lounge passes in the Wise app (Wise cardholders)
Wise cardholders can now buy airport lounge passes directly in the Wise app — handy for those days when the terminal is packed, the gate seating is chaotic, and you just want a quiet spot to sit down with a snack.
Instead of paying the walk‑in price at the lounge desk (or signing up for an annual membership you might barely use), Wise lets you purchase passes only when you actually need them, with no subscriptions or monthly fees.
It can work out cheaper, too. Wise lounge pass prices are generally lower than walk‑in rates, and can be 30–50% cheaper in some markets (based on Wise research). Once you’ve bought a pass, you can use it at 1,400+ DragonPass lounges worldwide, and it’s valid for 12 months, so you’re not forced to use it on the same trip.
Travelling with company? You can buy multiple entries in one go, so colleagues or friends can come in with you.
Rates: Wise uses the mid-market rate for all conversion with low fees, Revolut accounts have some no fee weekday conversion, with FX markups of 0.6% applied after that. 1% out of hours fee also applies
Fees: Wise has no ongoing or account opening fee, but does have transaction fees based on your account use. Revolut fees vary depending on the account you pick
Speed: Wise payments - 74%+ of transfers are instant (completed under 20 seconds), 90%+ are delivered in less than 1h*. Revolut transfers have varying delivery times up to 5 business days
Service: Both providers offer service online, in-app and by phone
Safety: Both providers are fully licensed and regulated.
Reviews: Wise gets a 4.3 star, Excellent rating, from 298,000+ reviews on Trustpilot; Revolut gets 4.7 stars, for a Great rating, from 446,000+ reviews
Pros and cons: Wise Business or Revolut Business?
Provider | Pros | Cons |
|---|---|---|
Wise Business | ✅ No monthly fee ✅ Mid-market exchange rate ✅ Local account details in selected currencies ✅ Bulk payments and team cards | ⚠️ You pay conversion and transfer fees each time ⚠️ Merchant tools are lighter |
Revolut Business | ✅ Plan allowances can help regular users ✅ Broader payment acceptance toolkit ✅ Strong team controls and integrations | ⚠️ Higher tiers have monthly fees ⚠️ Over-allowance and out-of-hours FX costs can apply, ⚠️ Some advanced tools depend on plan |
The verdict: Which is better for business Wise or Revolut?
Neither account is automatically better for every Singapore business. Wise can make more sense if you want predictable pay as you go pricing for international payments, while Revolut Business can make more sense if you want plan-based allowances, richer expense management tools, or customer payment features.
Methodology: this comparison is based on public Singapore business and pricing pages from Wise and Revolut, checked on 20 August 2026. Because pricing, limits and reviews can change, details should be confirmed independently before you commit to a provider.
About Wise for business
Wise was founded as TransferWise in 2011, and offers personal and business accounts to hold and manage 40+ currencies. You can use your Wise Business account to accept payments in 8 currencies, send money to 40+ countries, and spend using a linked Wise debit card.
About Revolut for business
Revolut is a financial technology company which launched in 2015 and is now available in countries and regions including Singapore, the US, UK, and EEA. Revolut has different account tiers for personal and business use, with multi-currency functions to hold and exchange 25+ currencies. Business customers get local account details to receive SGD, and SWIFT details to get paid in other currencies.
Wise Business vs Revolut Business fees
Let’s examine Wise vs Revolut fees for business customers.
Fee area | Wise Business | Revolut Business |
|---|---|---|
Open an account | No fee to open, with a one-off 99 SGD setup fee for full business features | No setup fee shown on the SG business plans page |
Monthly subscription | No monthly fee | 0 SGD to 84 SGD on the plans compared here |
Currency exchange fees | From 0.19% at the mid-market rate | Included within weekday plan allowance, then 0.6% markup, plus 1% out-of-hours fee |
International money transfer fees | From 0.19%, route dependent | 8 SGD after included transfer allowance on some plans; some additional fees can apply depending on payment type |
Receive money | Local account details in selected currencies, SWIFT fees can apply | SGD local details, plus SWIFT for other supported currencies |
Business cards | Physical and virtual cards available | Physical and virtual cards available, with plan-based extras |
ATM withdrawals | No fee to 100 SGD/month, then 1.75%* | 2% fee |
Wise Business keeps pricing simpler because there is no monthly subscription, so you mainly pay when you convert, send, or use chargeable receiving routes.
Revolut Business can look cheaper if your activity stays inside the plan allowance, but the total cost rises once you move past those limits.
Wise Business vs Revolut Business exchange rates
The biggest pricing difference is how the exchange rate is handled. Wise uses the mid-market exchange rate, which is the rate used as a reference between financial institutions, and then adds a separate fee from 0.19%.
Revolut Business uses their own exchange rate for weekday conversions within your plan allowance. Once the allowance is used, a 0.6% markup applies, and a 1% out-of-hours fee applies when markets are closed. For businesses that convert often, that structure can feel cheaper or more expensive depending on when and how much you exchange.
Here’s a summary:
Wise conversion rates: mid-market rate + a variable fee based on currency, from 0.19%
Revolut conversion rates: weekday no fee conversion available to plan limit. 0.6% fee after that, plus 1% out of hours fee where applicable
Wise Business vs Revolut Business for international business payments
Both accounts are built for cross-border payments, but they price them in different ways. One thing worth knowing is that the payment cost is not only the transfer fee. The exchange rate approach can change the total cost just as much.
Which is cheaper for international payments?
Wise can suit businesses with irregular payment volumes because there is no monthly subscription and each transfer is priced when you set it up.
Revolut Business can suit businesses with steadier volume if their monthly transfers and conversions stay inside the included plan allowance.
If you are not sure which model fits better, look at your last three months of payments. A business that sends occasional invoices abroad may prefer Wise, while a company with regular overseas supplier runs may prefer a Revolut plan, which might come with monthly charges.
Which is faster for international payments?
Wise says most transfers arrive within 24 hours, and many arrive in seconds, but the speed depends on individual circumstances and may not apply to all transactions.
Revolut Business gives route-based delivery times, so speed depends on the currency, destination bank, and payment rail used.
Wise Business vs Revolut Business for receiving money
Receiving money is one of the clearest practical differences. Wise Business offers local account details for AUD, CAD, EUR, GBP, HUF, NZD, SGD, TRY, and USD, which can make it easier for overseas customers or marketplaces to pay you like a local.
Revolut Business offers SGD local account details, while other supported currencies are generally received through SWIFT or other supported international routes. This is different from having broad local account details in many currencies, so it is worth checking how your customers usually pay before you choose.
Wise Business vs Revolut Business for accepting customer payments
If you only need clients to pay invoices or bank details, Wise may be enough. Its approach is more about giving you account details, payment requests, and business spend tools such as virtual cards, rather than giving you a full merchant checkout stack.
Revolut Business goes further into payment acceptance. Depending on the route and setup, it offers payment links, online checkout tools, ecommerce platform connections, and branded options such as Revolut Pay. Revolut also markets in-person tools such as Revolut Reader or Terminal in some markets, which matters more if you sell face to face as well as online.
For ecommerce platforms and online checkout, this can matter more than transfer fees alone.
Wise Business vs Revolut Business cards
Both Wise and Revolut offer business debit or expense cards for account holders and their teams. Exactly which card you can get may depend on the account type. Here's a summary:
Card feature Wise Business Revolut Business Business debit cards Physical and virtual cards for team members Physical and virtual corporate cards, with plan-based extras Virtual cards ✅ Yes ✅ Yes, with higher quantities depending on plan Spend from existing balance No extra conversion if you already hold the currency No extra conversion if you already hold the currency Spend with conversion From 0.19% at the mid-market rate Included within weekday allowance, then 0.6% markup and 1% out-of-hours fee ATM withdrawals No fee to 100 SGD/month, then 1.75%* 2% fee
It’s helpful to know that neither Revolut nor Wise Business cards can be used in ATMs in Singapore, as they’re intended for overseas withdrawals only.
Both can work well for team spending, but they are not identical. Wise is simpler if you mainly want multi-currency spending and team cards. Revolut Business can appeal more if you want a bigger spend control system around cards, budgets and approvals.
Integrations, team access and expense management
Wise Business includes accounting integrations, API access, team permissions, virtual and physical cards, and bulk payments for up to 1,000 recipients. That can cover a lot of finance admin for smaller teams without adding another plan decision.
Revolut Business also offers accounting integrations, API access, role-based access for team members, bulk payments, expenses, approvals, and broader spend management tools. The difference is that Revolut's setup is more layered by plan, which can be useful if you need deeper controls but less useful if you want every core feature without a monthly subscription.
Wise Business vs Revolut Business limits
As you may expect, there are some limits with Wise Business and Revolut Business, which are usually imposed for security reasons. Limits can vary a lot depending on which specific account you choose, and how you use your account. Important limits for business customers include:
Limit area | Wise Business | Revolut Business |
|---|---|---|
Outgoing international payment | Limits depend on currency - often in the region of 1 million GBP | Route, currency, and plan rules apply, check the app before sending |
Account balance limit | No limit for most currencies | Usually no limit |
Card payment limit | Card and team controls can be set at account level | Card controls and internal limits depend on role and plan |
ATM withdrawal limit | Allowance and fee rules apply, plus operator limits | Provider and operator limits can apply - check your app |
Limits matter most if you run payroll, supplier batches, or higher value treasury transfers. If your business regularly sends larger amounts, the safest step is to test the route in the app first and confirm the live limit before you depend on it.
How do they work?
As we've seen, Wise accounts have a one time set up fee for business customers to get all available account features, and then operate on a pay as you go basis, with no ongoing fees. Revolut accounts can work a little differently. You can choose a basic Revolut account which has no monthly fees - but if you transact regularly you may also decide to upgrade to an account with a monthly charge which offers more features and higher no-fee transaction limits. Here are another few important points about how Wise and Revolut work:
Wise Business vs Revolut Business: Payment methods
If you need to add money to your business account you may have different options depending on the service you select:
Wise Business payment methods: add money by bank transfer, PayNow, with card, using Apple Pay or similar services, or with foreign currency account details
Revolut Business payment methods: add money by bank transfer, or with foreign currency account details
Safety and security
Wise Business and Revolut Business are both specialist multi-currency accounts, not business bank accounts. They are both digital first and so have many safety features built into the apps and their day to day operations. This can include automatic and manual fraud prevention tools, verification protocols, encryption and secure log ins.
Wise Business vs Revolut Business customer service
Both Wise and Revolut have a self service model which means that most of the information you need to transact is available in the app, through prompts and on screen messages. If you ever have a question you can get individual support from both providers by starting an in app chat.
Conclusion: Comparing Wise Business and Revolut Business
Both Wise Business and Revolut Business are great options for Singapore business owners.
Wise Business accounts support 40+ currencies with the mid-market rate, no foreign transaction fee and low currency conversion costs from 0.19%. Revolut has a selection of account plans so you can pick the one that meets your transacting needs, with fees from 0 SGD - 84 SGD a month. The right one for you depends on the way you want to transact and the features you are particularly looking out for.