Top 10 Alternatives to Wise

Wise, formerly known as TransferWise, is a financial service provider that specializes in international money transfers and multi-currency accounts. This article will explore various alternatives to Wise, focusing on their features, benefits, and how they compare to Wise's offerings.

Reviews

Users have shared a mix of positive and negative feedback about Wise. Many appreciate the speed, low fees, and convenience of the service, especially for international money transfers and managing finances across borders. However, some users have found certain aspects frustrating, such as occasional delays and customer service issues. Overall, the sentiment is largely positive, with users highlighting the helpfulness of Wise's features like multi-currency accounts and security measures.

• "Transfers are simple and very, very fast." - Stuart
• "Always fast transactions and good fees. An invaluable online bank for those who live outside their own country or are frequent travellers." - Megan

For more detailed reviews, visit Wise Business Reviews.

Best alternatives to Wise

1. OneSafe

OneSafe is a financial technology company offering a blend of traditional and Web3 financial services, providing comprehensive account services tailored for companies operating in both fiat and cryptocurrencies.

• Simple onboarding, global payments in various currencies, user-friendly corporate cards with spend limits, multi-currency support, global accounts for international operations, seamless payment options including wire, ACH, and foreign exchange, security measures including encryption, compliance protocols, and Multi-Factor Authentication (MFA), efficient currency conversion with competitive rates.
• Account Opening: Free, Minimum Balance: $0, Monthly Fees: None, Corporate Cards: Included, Invoices: Included, US Domestic Payments: 0.1% fee, Sepa Payments: 0.2% fee, International Wires: 0.2% fee + $25 Swift, Fedwire: $20, FX fee on Corporate cards: 1%, USDT Transactions: 0.1% fee, Fiat <-> Crypto Conversion: Included.
• Users rave about OneSafe's exceptional customer support and its ability to simplify complex financial tasks. Testimonials highlight its game-changing impact on businesses, especially in Web3, and the seamless integration of USD to USDC conversions on Polygon. For more details, visit OneSafe.

2. Ampere

Ampere is an all-in-one financial service designed for businesses, offering a range of products including business accounts, currency exchange, loans, merchant accounts, debit cards, and invoicing tools. It aims to simplify financial management for businesses with quick account opening, low exchange rates, and comprehensive financial tools accessible via a single app.

• Unique Features: All-in-One Business Current Account, low currency exchange rate of 0.35%, free merchant account set-up with transaction rates starting from 0.65%, quick account opening for GBP and EUR accounts, corporate & private debit card with no monthly fees and flexible repayment options, smart invoicing directly from the bank account, personalized business loans and commercial mortgages, comprehensive management from phone, PC, or tablet.
• Pricing: Business account setup fee: £35.00, business account maintenance per month: £20.00, private account setup fee: £25.00, private account maintenance per month: £10.00, local transfers in GBP and EUR: free of charge, incoming international transfer in GBP/EUR: £25.00, currency exchange: 0.35% from the exchange amount, card issue: £15.00, ATM domestic and international withdrawal: £1.50, acquiring fee for payments in GBP/EUR/USD starting from IC++0.35%.
• Testimonials: Users generally appreciate Ampere's customer service and ease of use. One positive comment from Balaji Pawar states, "I’ve been with Ampere for a while, and I can confidently say their customer service is one of the best I’ve experienced." On the other hand, Jaeme shares a negative experience, "Not only the worst bank but possibly the worst company I’ve ever dealt with. Unreliable with your money and transfers and customer service is basically non existent." For more reviews, visit Ampere Reviews.

3. RelayFi

Relay is an online business banking platform designed to provide small businesses with comprehensive control over their finances. It offers business checking and savings accounts, receipt management, accounts payable services, and the Relay Visa® Credit Card, with integrations to popular accounting and payroll software like QuickBooks Online, Xero, and Gusto.

• Unique Features: Up to 20 individual checking accounts and 2 savings accounts with 1.00%-3.00% APY, physical and virtual cards for business owners and their teams, credit cards offering 1.5% cash back, supports ACH transfers, wire transfers, and checks, direct integrations with QuickBooks Online and Xero, receipt management, role-based permissions, Profit First Banking, FDIC insurance up to $3M via Thread Bank, Visa® Zero Liability Protection, two-factor authentication and biometric security.
• Pricing: Relay offers a basic plan with no monthly fee, including essential business banking features like no account fees, overdraft fees, or minimum balances, up to 20 individual checking accounts, physical or virtual credit and debit cards, payments via ACH transfer, check, and wire, cash withdrawals at Allpoint ATMs, and integration with QuickBooks Online and Xero. Relay Pro starts at $30 per business per month, offering additional features like faster ACH, free outgoing wires, auto-import bills, and consolidated payments.
• Testimonials: Users generally appreciate Relay's customer service and ease of use. Adam Harmon from the US shares, "No joke, the best customer service experience I have had in life to date. I'd take someone with half of her effort any day of the week. She went above and beyond." On the other hand, Chuck Lu from the US states, "TERRIBLE! TERRIBLE! TERRIBLE! services. Took them 7 business days to clear initial ACH deposit to open account and the fund was indeed withdrawn very next day from originating bank." For more reviews, visit Relay Financial Reviews.

4. Soldo

Soldo is a spend management platform that helps businesses streamline and simplify their spending processes. It offers physical and virtual Mastercards, a management platform, a mobile app for tracking expenses, and integrations with various financial systems.

• Unique Features: Customizable cards for employees, powerful expense management platform, seamless integration with accounting software like Xero and QuickBooks, real-time visibility into spending, high security standards including PCI DSS Level 1 and ISO/IEC 27001, significant ROI and quick payback period, positive customer feedback highlighting ease of use and efficiency.
• Pricing:
  • Enterprise Plan: Customizable solution with unlimited users and cards, enterprise workflows, API access, and more. Pricing: Contact Soldo for a custom quote.
  • Plus Plan: €33 per month (excluding 20% VAT), includes 3 users, 30 cards, 30 outbound bank transfers, advanced receipt capture, multi-currency support, and more. Free 30-day trial available.
  • Standard Plan: €21 per month (excluding 20% VAT), includes 3 users, 20 cards, 20 outbound bank transfers, standard receipt capture, and more. Free 30-day trial available.
  • Additional Fees: Physical cards: €5 issuance fee per card, virtual cards: €1 issuance fee per card, outbound bank transfers: €0.75 per transaction, 1% FX fee, and 1% ATM fee with a minimum of €2.
• Testimonials: Users generally appreciate Soldo's customer service and ease of use. Gina Ansell shares, "The most important thing for me is that if I am unsure of anything or having a senior moment the online advisors are always so helpful and explain things in a clear and easy to understand way. It has always been a pleasure contacting them." On the other hand, Alexander Nosic states, "Our account was frozen and closed without any reasons. I believe Soldo has certain problems with the UK regulator right now. Please take into account this experience. Unfortunately, we are preparing for court hearing." For more reviews, visit Soldo Reviews.

5. Payhawk

Payhawk is a comprehensive spend management platform designed for multi-national businesses. It combines company cards, international bank payments, accounts payable with purchase orders, expense management, bank accounts in dedicated currencies, and leading integrations with ERP and accounting software into one system. The platform provides real-time visibility and control over operational spend, reduces manual work, and speeds up month-end closing.

• Unique Features: Dedicated IBANs in multiple currencies, Visa debit and credit cards in 7 currencies across 32+ countries, fully digitized employee reimbursements and travel expenses, end-to-end software including purchase orders and invoice management, market-leading integrations with ERP and accounting software, significant cost savings from VAT reclaim and cashback, multilingual AI-powered data extraction, low-cost payments to suppliers or employees in 50+ currencies, centralized spend and cashflow overview, highly customizable expense coding and categorization, dedicated customer success manager, and fast, multilingual support team.
• Pricing: Payhawk offers several pricing plans:
  • Premium Cards: Includes dedicated bank accounts, Visa credit and debit cards, virtual and physical cards, advanced card controls, carbon emissions tracking, automatic expense creation, automated reconciliation, and accounting software integrations.
  • All-In-One Spend: Combines all Premium Cards features plus expense management, free domestic reimbursements, end-to-end invoice management, advanced approval workflow, budget tracking, and a dedicated customer success manager.
  • Enterprise: Includes all All-In-One Spend features plus purchase orders with 3-way matching, multi-entity dashboard, enterprise accounting integrations, HR integrations, and SSO/SAML authentication.
  • Growth Program: Priced at £149/month for 24 months, available for businesses with less than 50 employees registered in EEA or UK/I.
• Testimonials: Users generally appreciate Payhawk's ease of use and customer support. Fabio De La Cruz shares, "This is a great payment platform for automated online billing. It has made our bookkeeping so much easier and reduced the administrative time required. It is great to have every single bill online and not having to dig in on files and drawers. Also, their support staff is always so prompt to help and their resolution times are ace! Thank you Payhawk!" On the other hand, Bastian Gotter states, "Payhawk changed their business focus to larger customers and gave me ten business days' notice to close my account. It's just a terrible way to treat and end a relationship with a customer, after 2 years." For more reviews, visit Payhawk Reviews.

6. Credem

Credem Banca offers a comprehensive range of financial products and services, including current accounts, cards, loans, mortgages, and investments. The bank emphasizes customer well-being, sustainability, and innovation, providing tailored solutions for individuals, families, businesses, and professionals.

• Unique Features: Wellbanking People, sustainability focus with products like the Green Mortgage, innovative banking solutions, personalized and transparent customer care, Financial Wellbanker service model.
• Pricing: The pricing details for Credem's products and services are not explicitly listed on the contact page. For specific pricing information, users are encouraged to visit the relevant product pages or contact the bank directly through the provided contact methods.
• Testimonials: Users generally have mixed feelings about Credem. Steve Smith shares a positive experience, stating, "I have found both the products and service of the branch at Citadella Del Capo as nothing but very good. The whole approach is courteous and professional." On the other hand, Dan Racioppa expresses frustration, "My experience from the very beginning has been horrible. They were quick to respond when it came to having the paperwork signed and then everything went downhill." For more reviews, visit Credem Reviews.

7. Brex

Brex is a financial technology company offering a comprehensive suite of financial services including corporate credit cards, expense management, business banking, bill pay, accounting automation, and travel management. Their platform leverages AI to automate financial processes, providing tools to control spend, maximize resources, and streamline operations for businesses of all sizes.

• Unique Features: AI-powered automation, high yield treasury with 4.24% yield, superior policy compliance with 99% compliance rate, global reach in 120+ countries, high credit limits, integrated financial tools, real-time tracking and controls.
• Pricing:
  • Essentials Plan: $0 per user per month, includes global card acceptance, AI-powered custom rules, accounting integrations, local currency wires, travel booking, real-time reporting, Brex API access, bill pay, and reimbursements.
  • Premium Plan: $12 per user per month, includes all Essentials features plus multiple customizable expense policies, dynamic expense review chains, AI-powered compliance audit detection, advanced approvals, multi-entity support, customizable ERP and HRIS integrations, VAT documentation, group travel, advanced travel rules, and live budgets.
  • Enterprise Plan: Custom pricing, includes all Premium features plus unlimited US or global entities, local card issuance, collections, reimbursements, policies, local language support, named account manager, admin center, and fully customizable implementation services.
  • Smart Card: Custom pricing, includes global cards accepted worldwide, local-currency cards in 50+ countries, merchant card controls, and custom approvals.
• Testimonials: Users generally appreciate Brex's ease of use and comprehensive features. Andrew S. shares, "Brex makes expense reporting so simple. The text feature on your phone to record receipts makes it almost impossible to forget to record expenses. We launched it throughout our organization and it was seamless." On the other hand, Mike A. states, "When typing in descriptions or other details on the app if you make a mistake and try to correct it the typing always goes to the end of the sentence, even if you started at the beginning. It is so weird. You always have to delete whatever you typed and start all over. I hope they fix this." For more reviews, visit Brex Reviews.

8. Reap

Reap provides financial solutions that help businesses achieve global financial goals by offering essential financial infrastructure. Their products and services enable businesses to thrive in a connected and borderless world.

• Unique Features: Reap Card with flexible bill repayment options in fiat or digital currencies, Reap Pay allowing payments in preferred currencies, Card Issuing API for launching card programs, Payment API for advanced cross-border payouts, PCI compliance, MSO license in Hong Kong, fraud prevention tools like Chainalysis, secure sandbox testing, robust API documentation, rapid deployment, dedicated support.
• Pricing: Physical & virtual card: FREE, Annual fee: FREE, Monthly bill repayment with fiat currency: FREE, Monthly bill repayment with stablecoins: 1.2% handling fee, ATM withdrawal: 2%, FX fee: 2%, Available card currencies: USD, HKD, Collateral: 1:1 ratio, Mobile payment (Apple Pay / Google Pay): FREE, Mobile app: FREE, Issue your branded card via API: Contact Sales, Bank transfers with Reap Card: 1.8%, Bank transfers with stablecoins: 0.8%, Cross-border payment fee: 25 USD, Local payment fee: 0-5 USD, T+1 day payouts: No extra fee, Payments via API: Contact Sales, Card-level and team-level spend controls: FREE, Unlimited team members, Multi-entity management: FREE, Real-time spend analytics: FREE, Xero integration: FREE, Receipt collection and auto-matching: FREE.
• Testimonials: Users generally appreciate Reap's user-friendly onboarding experience and helpful team. Dexter L. shares, "Reap had a very user-friendly onboarding experience. The team is friendly and helpful. The product (REAP card) is very easy to use and helps with our operations a lot." However, he also notes, "The only downside would be limitations in terms of setting categories. However, I discussed this with their product team and they are going to look into it. Very helpful!" For more reviews, visit Reap Card Reviews.

9. Fiducial Banque

FIDUCIAL Banque offers an online banking account specifically designed for professionals, starting at 12€ HT/month. The service includes a dedicated advisor, a wide range of banking services, and 24/7 access through a client space and mobile application. The bank is recognized for its efficacy, availability, and attractive pricing.

• Unique Features: Dedicated advisor, licensed by ACPR, various payment methods including CB, cheques, SEPA transfers, international transfers, and cash, full range of services including placements and financing, 24/7 access through client space and mobile application, transparent pricing, 100% French origin, recognized as the best online bank for professionals in 2024.
• Pricing: The professional account starts at 12€ HT/month.
• Testimonials: Users generally have mixed feelings about Fiducial Banque. SOleil Or shares a positive experience, stating, "Je suis personnellement très satisfait de cette banque. C’est la seule qui propose un conseiller dédié... Faites-vous votre propre opinion!" On the other hand, abdel malik Abdel expresses frustration, "Une bande d’escrocs Fabien Thomas un commercial pas honnête et vicieux qui ne tient nullement ses engagements." For more reviews, visit Fiducial Reviews.

10. Primis Bank

Primis Bank offers business banking solutions that are free from unnecessary fees and come with advanced technology and FDIC stability. The bank provides fully loaded business checking and savings accounts with features like no monthly fees, no overdraft fees, no minimum balance requirements, and high-interest rates. Additionally, Primis offers free cash flow analytics, 24/7 human support, and various other benefits to help businesses thrive.

• Unique Features: No monthly fees, free business insights, growth options, FDIC protection, 24/7 human support, fully loaded accounts, high-interest rates, free ATM use, free incoming wires and other services.
• Pricing: The webpage does not provide specific details about the pricing of Primis Bank's products or services. However, it does mention that all Primis check orders are discounted, indicating that there are cost-saving options available for customers when reordering checks. For detailed pricing information, users would likely need to explore other sections of the Primis Bank website or contact customer support directly.
• Testimonials: Users generally have mixed feelings about Primis Bank. Larry shares a positive experience, stating, "Got a random text from CEO introducing himself and the Company. We talked for 20 minutes where he asked about the experience and areas for improvement. Learned a lot about the Company and the people behind it. Hate that there has been some negative feedback but my experience has been positive and I hope his outreach efforts work." On the other hand, Steve expresses frustration, "Primis Bank is NO DOUBT the worst financial institution I’ve ever dealt with. I’ve spent hours on hold to try to reach someone, during one recent attempt after being on hold for 34 minutes they hung up! I currently have a debit card that is expiring in less than a week, was told it would arrive a week ago, and as I write this I’ve now been on hold with them for over 20 minutes! Primis bank customer service is non-existent. DO NOT USE THIS BANK…" For more reviews, visit Primis Bank Reviews.

Which one should you go with?

In conclusion, while each financial service provider offers unique features and benefits tailored to different business needs, OneSafe stands out for its seamless integration of traditional and Web3 financial services. With its user-friendly corporate cards, competitive fees, and exceptional customer support, OneSafe simplifies complex financial tasks, making it an excellent choice for businesses operating in both fiat and cryptocurrencies. Whether you're looking for efficient currency conversion, robust security measures, or global payment options, OneSafe provides a comprehensive solution that can meet your needs. If you're considering an alternative, OneSafe is highly recommended for its innovative and reliable services.