Wise Business vs Revolut Business 2025
If you need a business account which you can operate easily online or on the move, and want to be able to transact internationally conveniently and with low fees, you may be considering Wise Business and Revolut Business.
This guide to Wise Business vs Revolut Business contains all you need to know to pick between them, including a comparison of fees and features side by side. We’ll dive right into how to send and receive international payments, account and card features and more - read on for all you need to know.
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
Summary: Wise Business accounts can hold and exchange 40+ currencies and receive payments in 8 currencies with your own account details. There are no ongoing fees and currency exchange uses the mid-market rate. Revolut Business has several different account plans which support 25+ currencies, with some no fee weekday currency conversion included for all customers. Which is best for you will depend on how you need to transact.
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 | Wise Business account | 4 different Revolut business account tiers available, including one with no ongoing fees |
| Multi-currency account features | Hold SGD and 40+ other currencies Account details available for 8 currencies, including USD, GBP, EUR and more | Hold and exchange 25+ currencies Receive SGD with local account details Receive payments in foreign currencies to with SWIFT |
| Debit cards available | Yes - the Wise Business international debit card | Yes - all accounts have cards, although the specific card you get depends on the account tier |
| Send payments to | 40+ countries, 140+ currencies | 150+ countries, 30+ currencies |
| Integrations | Yes | Yes - some limitations on Basic account |
| Bulk payments | Yes | Available for accounts with monthly fees - not available with Basic account |
| Fully licensed and regulated | Yes | Yes |
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.
| Wise | Revolut | |
|---|---|---|
| Rates | Wise exchange rate: Mid-market exchange rate with no markup | All accounts have some weekday no fee currency exchange - 1% out of hours fees apply when exchanging on weekends Once you exceed your plan's no fee limit you pay a 0.6% foreign exchange markup |
| Fees | No fee to open an account, no ongoing fees No fee to spend a currency you hold Transfer fees vary by destination | Account plans offered with monthly fees from 0 SGD - 84 SGD No fee to spend a currency you hold Transfer fees of 8 SGD for overseas payments |
| Speed for international transfer | 60%+ of transfers are instant (completed under 20 seconds), 80%+ are delivered in less than 1h* | Variable transfer times up to 5 business days |
| Service | Online, in app and by phone | Online, in app and by phone |
| Safety | Fully regulated and licensed | Fully regulated and licensed |
| Reviews (Trustpilot) | 4.3 stars, Excellent rating, from 258,000+ reviews | 4.2 stars, Great rating, from 150,000+ reviews |
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 - 60%+ of transfers are instant (completed under 20 seconds), 80%+ 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 214,000+ reviews on Trustpilot; Revolut gets 4.5 stars, for a Great rating, from 205,000+ reviews
Pros and cons: Wise Business or Revolut Business?
| Wise Business | Revolut Business |
|---|---|
✅Accounts support 40+ currencies ✅ Mid-market exchange rates and no monthly fee | ✅Hold and exchange 25+ currencies ✅Pick different account types depending on business need |
| ❌ Transaction fees apply to some services ❌ Variable currency conversion fees | ❌ Monthly fees of up to 84 SGD ❌ Out of hours conversion fees, FX fees and other costs may apply depending on how you transact |
The verdict: Which is better for business Wise or Revolut?
Neither Wise nor Revolut is best for all businesses - which works for you will depend on the way you need to transact and the features that really matter to you.
Wise covers a greater range of currencies compared to Revolut, and also has account details to get paid conveniently and with low or no fees in 8 currencies. There are no ongoing fees with accounts, and you’ll be able to get debit and expense cards, multi-user access and integrations to make life that little bit easier.
Revout supports 25+ currencies, and has a selection of account plans including one with no monthly fee to pay. All accounts have some weekday no fee currency conversion, and come with linked payment cards for convenient use.
Compare both Wise Business and Revolut Business using this guide to decide which is best for you.
Methodology: Throughout we’ve compared Wise Business and Revolut Business based on common business usage needs, features, costs and convenience. All information is taken from the Wise and Revolut Singapore websites on the date of research - 15th May 2025.
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.
| Service | Wise | Revolut Singapore |
|---|---|---|
| Open an account | Free one time fee for business customers to get full feature access | Monthly fees for business plans from from 0 SGD - 84 SGD/month |
| Order a card | No fee | No fee |
| Spend with your card | No fee to spend currencies you hold Currency conversion from 0.26% when you don’t hold the right balance | No fee to spend currencies you hold Fair usage fees of 0.6% and out of hours fees of 1% may apply depending on your account and spending |
| ATM withdrawals | 2 withdrawals a month, to the value of 350 SGD free - 1.5 SGD + 1.75% after that | 2% fee |
| Receive a payment | No fee to receive payments using local bank details Fees apply to receive payments using SWIFT details | Get SGD local details to receive money SWIFT details available for incoming foreign currency payments |
| Send a payment | From 0.26% | 8 SGD - some transfers may be included in your account plan for no extra fee |
| Currency conversion | Mid-market exchange rate | All accounts have some no fee weekday currency conversion, 0.6% fee once plan limit is exhausted 1% out of hours conversion fee if exchanging currencies on the weekend |
Wise Business vs Revolut Business exchange rates
How Wise Business and Revolut Business approach currency exchange is a little bit different. Wise uses the mid-market rate for all currency conversion, and charges a variable fee based on currency, from 0.26%.
Revolut accounts all include some no fee currency conversion which uses the mid-market conversion rate, with variable limits based on the account tier. 0.6% fees are added once the account limit is exhausted, and there’s a 1% out of hours fee if you convert when markets are closed. Here’s a summary:
Wise conversion rates: mid-market rate + a variable fee based on currency, from 0.26%
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
Wise and Revolut have different international transfer options and fees. Wise charges a fee from 0.26% for every international transfer, while Revolut has a flat fee for payments, but includes some no fee transfers into some account plans. Let’s take a closer look.
Which is cheaper for international payments?
Wise has variable international transfer fees based on the currency and value of the payment, from 0.26%.
Revolut Basic account plan holders pay 8 SGD for every transfer, plus any applicable conversion fees. If you have a Grow account with Revolut you can make up to 5 international transfers with no Revolut transfer fee, and if you have a Scale account, up to 25 transfers are included in your account fee monthly. 8 SGD fees begin once you exhaust your plan limits - and any relevant currency conversion of out of hours fees will still apply, even for payments which are included in your account plan.
Because both Wise Business and Revolut Business have quite different approaches to charging for international payments it’s not possible to directly compare them. Which is best for you is likely to depend on how often you send money, and the value of the transfers made.
Which is faster for international payments?
Speed is another important factor when sending money overseas for your business. Here’s how Wise Business and Revolut Business measure up:
Wise Business transfer speed: 60%+ of transfers are instant (completed under 20 seconds), 80%+ are delivered in less than 1h
Revolut Business transfer speed: up to 5 days, based on destination and currencies
Wise Business vs Revolut Business for receiving money
Wise Business multi-currency accounts come with local and SWIFT account details you can use for receiving payments in a broad selection of currencies. Revolut Business offers account details for SGD payments, and SWIFT details for other currencies.
Wise Business vs Revolut Business for local account details
Here are your options to receive money with Wise Business vs Revolut Business:
Wise Business accounts let you receive with local account details: 🇦🇺 Australian dollars (AUD), 🇨🇦 Canadian dollars (CAD), 🇪🇺 Euros (EUR), 🇬🇧 British pounds (GBP), 🇭🇺 Hungarian forint (HUF), 🇳🇿 New Zealand dollars (NZD), 🇸🇬 Singapore dollars (SGD), 🇹🇷 Turkish lira (TRY), 🇺🇸 US dollars (USD) Revolut Business does not specify which details are available with your account - you’ll need to log in and toggle to the account details page to see the options available to you based on your location and account tier.
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:
| Wise Business card | Revolut Business card |
|---|---|
|
|
Wise Business vs Revolut Business card: Where can you use them?
Both Wise and Revolut offer debit and expense cards which are issued on major global networks with Visa and Mastercard. You can use your card to spend and make ATM withdrawals around the world wherever you see the card network - usually in 150+ countries globally.
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:
| Wise Business | Revolut Business | |
|---|---|---|
| Outgoing international payment | Varied by currency, usually about the equivalent of 1 million GBP | Varied by currency |
| Account balance limit | Usually no limit | Usually no limit |
| Card payment limit | 78,750 SGD/month | The equivalent of 5 million GBP/month |
| ATM withdrawal limit | 7,000 SGD/month | Varied by plan |
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
Integrations
Wise Business customers can get account integrations and an API, while Revolut offers variable integration options depending on the account tier you pick.
Wise Business: options include accounting integrations and access to the Wise API
Revolut Business: depending on account tier you may be able to integrate accounting, HR and business apps
Safety and security
Both Wise and Revolut are trusted, licensed and regulated services operating globally.
Wise Business is regulated by the Monetary Authority of Singapore (MAS) as a Major Payment Institution.
Revolut Business is also regulated as a Major Payment Institution by the Monetary Authority of Singapore.
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 0.26%. 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.
FAQs: Wise Business vs Revolut Business for international businesses
Wise Business and Revolut Business both have multi-currency accounts and cards for international spending and withdrawals. Wise supports 40+ currencies with no ongoing fees. Revolut has 25+ supported currencies, and a selection of plans including some with no monthly charge, and some which cost up to 84 SGD a month.
Whether Wise or Revolut is better for you will depend on your preferences and individual business needs. Wise has no monthly fee and supports 40+ currencies with easy ways to get paid in a selection of currencies for low or no fee. Revolut has different account plans which all offer some no fee weekday currency conversion - monthly charges apply for the most feature packed accounts.
Wise and Revolut have slightly different charging approaches which means you can’t directly compare their services on cost. Wise has no ongoing fees, and splits out transaction fees for the services you need. Revolut includes some no fee services in account packages, but may charge a monthly fee. Weigh up both to see which is best for your business.
For international payments, Wise Business transfer speeds can be faster compared to Revolut. 60%+ of transfers are instant (completed under 20 seconds), 80%+ are delivered in less than 1h. The Revolut Business transfer speed is variable but can be up to 5 days.
Wise supports 40+ currencies for holding and exchange. Revolut has 25+ supported currencies for holding and exchange. Wise also offers local account details for a selection of currencies to get paid conveniently. Both providers have debit cards which can be used globally.