Wise Business Account – Perfect for International Business: 40+ Currencies, 160+ Countries, All on One Card

The Wise Business account is an international business account designed for seamless, cost-effective global transactions. It allows businesses to set up local account details in any of 9 currencies, facilitating swift overseas payment in the same speed as local transactions.

The account is designed to save businesses time and money on international transactions, making it an ideal solution for businesses with international customers or operations.

Pros:

• International functionality: The account allows you to receive money from overseas customers as if you were a local business in their region.
• Multi-currency capability: With the option to hold and manage money in over 50 different currencies, Wise Business account offers unique flexibility.
• Cost-efficiency: By offering real exchange rates and low, transparent fees on transactions, the Wise Business account helps your business save money on international transfers.

Cons:

• Limited local accounts: Currently, you can set up local account details in only nine currencies, which might be limiting for businesses dealing in other currencies.
• Transaction Times: While the account facilitates overseas transactions at local speeds, actual transaction times may still depend on various factors such as the sending and receiving bank’s processing capabilities.
• Lack of physical branches: If face-to-face interactions and in-person customer service are important to you, Wise’s completely online operation may be a drawback.