Snapshot
Wise Business and Brex compared on the points that usually decide a business account: account type, monthly fee, currency support, eligibility and where each one is available.
Wise Business figures as of 2 November 2025Brex figures as of 2 November 2025Last reviewed 2 November 2025
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.
Wise Business and Brex solve different problems. Wise Business is a multi currency account from an electronic money institution, built for businesses that move money across borders and want low cost conversion at the mid market rate. Brex is a United States financial technology platform that pairs a no monthly fee business account with corporate cards and spend management, aimed at funded startups and scaling companies. Use the comparison below to weigh account type, fees, eligibility and availability against how your company operates, then confirm the latest terms with each provider. Figures are shown as of 2 November 2025.
Wise Business vs Brex at a glance
| Feature | Wise Business | Brex |
|---|---|---|
| Account type | Multi currency account from Wise, an electronic money institution rather than a bank. It holds and converts many currencies and provides local account details in several markets. | Business account held through partner program banks and a money market fund, with corporate cards and spend management. Brex is a financial technology company, not a bank. |
| Who it suits | Businesses that pay or get paid across borders and want low cost currency conversion and local account details in several currencies. | United States incorporated startups and scaling companies, often venture or professionally funded, that want a digital account with corporate cards and spend management. |
| Monthly fee | No monthly fee. A one time setup fee applies and varies by country, for example 31 United States dollars in the United States, 50 pounds in the United Kingdom and 50 euros for European Economic Area businesses. As of 2 November 2025. Verify with Wise. | No monthly account fee and no minimum balance on the business account. Spend management software plans add features at a monthly cost. As of 2 November 2025. |
| Transaction fees | Transfers and conversions carry a usage based fee that varies by currency and route. Receiving in some currencies is free while others carry a small fee. As of 2 November 2025. Verify current pricing with Wise. | No fee on standard ACH transfers and domestic and international wires on the account. Some advanced or high volume features can carry fees. As of 2 November 2025. Verify the current rate card with Brex. |
| FX fees | Conversion uses the mid market rate plus a published fee that varies by currency pair, often a fraction of a percent and from about 0.33 percent. As of 2 November 2025. Verify the current rate for your pair with Wise. | International wires and foreign currency payments can carry fees that vary by route and currency. Unclear at a single headline rate, so verify with Brex. As of 2 November 2025. |
| Minimum deposit | No minimum opening deposit is published. A one time setup fee applies. As of 2 November 2025. Verify with Wise. | No account minimum and no account opening fee. As of 2 November 2025. Verify with Brex. |
| Multi currency | Yes. Hold and convert many currencies and receive with local account details in several markets. As of 2 November 2025. | The account is United States dollar based. International United States dollar payments are supported, and some currency features carry fees. As of 2 November 2025. |
| Eligibility | Registered businesses in supported markets. Feature availability and supported entity types vary by country. As of 2 November 2025. Verify eligibility with Wise. | Businesses incorporated in the United States with an Employer Identification Number, such as an LLC, S corporation, C corporation or limited partnership. Sole proprietorships are not eligible, and Brex is aimed at funded startups and scaling companies. As of 2 November 2025. Verify with Brex. |
| Broadly available in | 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 2 November 2025. | The United States. The business must be a United States incorporated entity. As of 2 November 2025. |
Wise Business and Brex differ most on currency reach and target customer. Wise Business is built for cross border payments in many currencies and many markets, while Brex is a United States only account with corporate cards and spend management for incorporated companies. Match those to how your company operates, then confirm the latest fees and eligibility with each provider.
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Each provider accepts business customers in its supported market. Figures shown as of 2 November 2025. Confirm current terms with the provider before applying.
Visit Wise Business → Visit Brex →Questions about Wise Business and Brex
Which is better for my business, Wise Business or Brex?
It depends on your needs. The table on this page compares Wise Business and Brex 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 use Wise Business and Brex together?
Often yes, subject to each provider's eligibility rules. Some United States businesses keep a Brex account for corporate cards and spend management alongside a Wise Business account for low cost cross border payments and local account details. Check eligibility with each provider before applying.
Are the fees on this page current?
Each figure is shown with the date it was recorded, as of 2 November 2025. 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 2 November 2025. Confirm current terms with each provider before applying.