Snapshot
Airwallex and Wise Business compared on the points that usually decide a business account: account type, monthly fee, currency support, eligibility and where each one is available.
Airwallex figures as of 28 May 2026Wise Business figures as of 18 June 2026Last updated 11 October 2026
General information, not financial, legal, or tax advice. There is no single best account. The right fit depends on your business. Verify current terms and eligibility with each provider before applying.
Airwallex and Wise Business suit different businesses. Use the comparison below to weigh account type, fees, currency support and eligibility against how your company operates, then confirm the latest terms with each provider. Figures are shown as of 28 May 2026 for Airwallex and 18 June 2026 for Wise Business.
Airwallex vs Wise Business at a glance
| Feature | Airwallex | Wise Business |
|---|---|---|
| Account type | Electronic money and payments account, not a traditional bank deposit account in most markets. | Electronic money account, not a traditional bank deposit account. Wise is an electronic money institution. |
| Who it suits | Businesses with cross border payments, online sellers, and finance teams that want multi currency accounts and spend cards in one place. | Businesses that pay or get paid across borders and want low cost currency conversion and local account details in several currencies. |
| Monthly fee | In the United States the Explore plan costs 0 US dollars per user per month, with no deposit or balance condition. Grow is 12 US dollars per user per month plus a platform fee based on team size, and Accelerate is priced on request. As of 11 October 2026. | No monthly fee. A one time setup fee applies and varies by country, for example 50 pounds in the United Kingdom, 31 US dollars in the United States, 60 euros in euro area countries such as Ireland, France and Spain, 99 Singapore dollars in Singapore, and 65 Australian dollars in Australia. As of 11 October 2026. |
| Transaction fees | Card acceptance on the United States platform lists 2.8 percent plus 0.30 US dollars for domestic cards and 4.30 percent plus 0.30 US dollars for international cards. Domestic transfers in USD and CAD are free, and SWIFT transfers cost 15 to 25 US dollars each. As of 11 October 2026. | Transfers and conversions are charged a usage based fee that varies by currency and route. Receiving in some currencies is free while others carry a small fee. As of 18 June 2026. Verify current pricing with Wise. |
| FX fees | 0.5 percent above the interbank rate for major currencies such as USD, EUR, GBP, AUD, SGD, HKD, and CNY, and 1.0 percent for other currencies. The Accelerate plan is priced on request. As of 11 October 2026. | Conversion uses the mid market rate plus a published fee that varies by currency pair, from 0.24% on the United Kingdom price list. As of 11 October 2026. Verify the current rate for your pair with Wise. |
| Minimum deposit | No minimum opening deposit or balance is published, and the Explore plan has no fee to waive. Verify with Airwallex. | No minimum opening deposit is published. A one time setup fee applies. Verify with Wise. |
| Multi currency | Yes. Hold and convert many currencies, with local account details available in several markets. As of 28 May 2026. | Yes. Hold and convert many currencies and receive with local account details in several markets. As of 18 June 2026. |
| Integrations | Accounting and commerce integrations including Xero and QuickBooks, plus an API for payouts and collections. Verify current integrations with Airwallex. | Accounting integrations including Xero and QuickBooks, plus batch payments and an API. Verify current integrations with Wise. |
| Eligibility | Registered businesses in supported markets. Requirements and supported entity types vary by country. Verify eligibility with Airwallex. | Registered businesses in supported markets. Feature availability and supported entity types vary by country. Verify eligibility with Wise. |
| Broadly available in | Many markets including the United States, the United Kingdom, the European Economic Area, Australia, Hong Kong, Singapore, and Canada. Coverage varies by entity location. As of 28 May 2026. | Many markets including the United Kingdom, the United States, the European Economic Area, Australia, New Zealand, Japan, and Singapore. Feature availability varies by country. As of 18 June 2026. |
Airwallex suits a United States company that sells online, takes card payments and wants free Xero or QuickBooks sync on a free plan, with 0.5 percent conversion on major currencies. Wise Business suits a small company in the United Kingdom, the euro area or Australia that wants local account details in several currencies for a one time setup fee and no monthly fee.
Open a business account
Both providers accept business customers in their supported markets. Fees and eligibility shown as of 28 May 2026 for Airwallex and 18 June 2026 for Wise Business. Confirm current terms with the provider before applying.
Visit Airwallex → Commission link: we may earn a fee if you open an account through it. It does not change what we publish or how we rank providers. Visit Wise Business → Commission link: we may earn a fee if you open an account through it. It does not change what we publish or how we rank providers.Questions about Airwallex and Wise Business
Which is better for my business, Airwallex or Wise Business?
It depends on your needs. The table on this page compares Airwallex and Wise Business on account type, fees, currency support, eligibility and availability using each provider's published terms. Weigh those against how your business operates, then confirm current terms with each provider. This is information, not advice.
Can I open both Airwallex and Wise Business?
Often yes, subject to each provider's eligibility rules. Some businesses keep more than one account, for example one for everyday banking and another for currency conversion. Check eligibility with each provider before applying.
Are the fees on this page current?
Each figure is shown with the date it was recorded. Airwallex figures are shown as of 28 May 2026 and Wise Business figures as of 18 June 2026. Fees and eligibility change, so confirm current terms with each provider before you apply.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 11 October 2026. Confirm current terms with each provider before applying.