Wise Business vs WorldRemit Business: Which is better for your business?
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Choosing the right business account makes a big difference in how you manage your finances. We’re comparing Wise Business and WorldRemit Business, which includes their features, pricing, business card options and more, to help you decide which one works best for you.
| Wise Business | WorldRemit Business | |
|---|---|---|
| Features | Multi-currency accounts, Local account details in 8 currencies, International payments to 70+ countries, Integration with accounting software like Xero and QuickBooks, Business debit cards with spending controls, Mobile and web applications | International money transfers to over 130 countries, Multiple payment options including bank transfer, cash pickup, mobile money, and airtime top-up, Mobile application for transfers and tracking |
| Pricing | One-time setup fee of 54 SGD (or equivalent), No monthly subscription fees, Currency conversion fees starting from 0.43%, International transfer fees from 0.57% | Fees vary depending on the destination country, payment method, and amount; all fees are displayed upfront before completing the transaction | Business cards | Physical and virtual debit cards available, First card free; subsequent physical cards cost 4 EUR each, Digital cards are free, Ability to set spending limits for team members, No foreign transaction fees, 0.5% cashback in some regions | Not specified |
Wise Business vs WorldRemit Business: Key Features
| Wise Business | WorldRemit Business | |
|---|---|---|
| Supported currencies | Hold and convert between 40+ currencies | Send money to over 130 countries |
| International payments | Send payments to 70+ countries | Offers multiple payout methods including bank transfer, cash pickup, mobile money, and airtime top-up |
| Accounting software integration | Integrates with accounting software like Xero and QuickBooks | Not specified |
| Business debit cards | Physical and virtual debit cards with spending controls, No foreign transaction fees, 0.5% cashback in some regions | Not specified |
| App | Mobile and web applications | Mobile application for transfers and tracking |
Both services offer robust features. Wise Business stands out with its multi-currency accounts and integration with accounting software, while WorldRemit Business excels in providing diverse international payment options. The best choice depends on your business’s specific requirements.
Wise Business vs WorldRemit Business: Pricing
| Wise Business | WorldRemit Business | |
|---|---|---|
| Account opening fee | One-time setup fee of 54 SGD (or equivalent) | Not specified |
| Monthly subscription | No monthly fees | No monthly fees |
| Currency exchange fees | Currency conversion fees starting from 0.43% | Exchange rates vary by destination; fees are displayed upfront |
| Money transfer fees | International transfer fees from 0.57% | Fees vary depending on destination, payment method, and amount; all fees are displayed upfront |
| FX fees | No hidden fees; uses mid-market exchange rates | Exchange rates include a margin; rates are displayed upfront |
Wise Business offers a competitive pricing structure with transparent fees and no monthly charges. WorldRemit Business also provides upfront fee disclosures, allowing businesses to understand costs before completing transactions. Evaluating your transaction volume and destinations can help determine which pricing structure is more cost-effective for your business.
Wise Business vs WorldRemit Business: Business Cards
| Wise Business | WorldRemit Business | |
|---|---|---|
| Physical card | Available; first card free, subsequent cards cost 4 EUR each | Not specified |
| Virtual card | Available; free of charge | Not specified |
| Custom card | Ability to set spending limits for team members | Not specified |
| ATM withdrawal | Free up to 350 SGD (or equivalent) per month; exceeding this incurs a fee of 1.75% + 1.50 SGD per withdrawal | Not specified |
Wise Business offers both physical and virtual debit cards with features like spending controls and no foreign transaction fees. Specific information about business card offerings for WorldRemit Business is not specified.
See how Instarem compares
| Instarem | |
|---|---|
| Features | Hold and exchange multiple currencies, send real-time payments, secure transactions, process up to 1,000 payments, and fund transactions seamlessly with Visa or Mastercard® credit cards |
| Pricing | No monthly fees and no fees for cross currency payments |
| Business cards | Virtual prepaid Mastercard® with FX savings and customised spending controls |
Getting started with Instarem is easy
- Click here to get a free Instarem business account
- Enter your company details
- Once approved, add beneficiary details, saved for future transfers
- Select a payment method and we’ll show you rates and fees upfront
Register with Instarem business today
Take control of your business finances with Instarem. Enjoy competitive exchange rates, streamlined payments, and fast & secure transactions.
