Wise · Fintech accounts
Wise Business review for US businesses
Wise Business gives US companies a multi-currency account with no monthly fees or minimum balance. Conversions use the mid-market rate plus a fee from 0.57%, shown upfront.
Who Wise is best for
US businesses paying international suppliers, teams using QuickBooks, Xero or Sage and companies wanting no monthly fees.
Businesses needing hedging.
Wise Business gives US companies a multi-currency account with no monthly fees or minimum balance. Conversions use the mid-market rate plus a fee from 0.57%, shown upfront.
It integrates with QuickBooks, Xero and Sage, which makes it a practical choice for paying international suppliers and contractors. It doesn’t offer forward contracts or options.
Fees, features and eligibility
| FX margin | Mid-market rate plus a conversion fee from 0.57% |
|---|---|
| Fees | No monthly fee or minimum balance |
| Provider type | Fintech account |
| Currencies | 40+ currencies |
| Who can use it | US businesses |
Source: Wise published product information.
What stands out
Pros
- No monthly fees or minimum balance
- Mid-market exchange rate
- Accounting integrations
Cons
- No hedging tools
Wise: common questions
Does Wise Business have monthly fees in the US?
No, and there’s no minimum balance.
What does Wise charge to convert currency?
The mid-market rate plus a conversion fee from 0.57%.
Does Wise integrate with accounting software?
Yes, with QuickBooks, Xero and Sage.
Used Wise? Help other businesses choose.
