Snapshot
Wise Business and Relay 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 16 June 2026Relay figures as of 16 June 2026Last reviewed 16 June 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.
Wise Business and Relay solve different problems. Wise Business centres on a multi currency account for cross border payments, with local account details in several markets and conversion near the mid market rate. Relay is a United States dollar focused account built around multiple sub accounts, team permissions and bill pay for domestic operations. 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 16 June 2026.
Wise Business vs Relay at a glance
| Feature | Wise Business | Relay |
|---|---|---|
| Account type | Multi currency business account from a financial technology company, not a bank. Holds and converts many currencies and provides local account details in several markets. Held money is safeguarded rather than covered by deposit insurance. | United States dollar business banking with banking services provided by partner banks that are members of the Federal Deposit Insurance Corporation. Relay is a financial technology company, not a bank. Built around multiple checking accounts, team roles and bill pay. |
| Who it suits | Businesses that send, receive or hold money in several currencies and want conversion near the mid market rate, including importers, exporters and remote teams. | United States registered businesses that want a domestic account with several sub accounts for budgeting, team access controls and integrated bill pay. |
| Monthly fee | No monthly account fee. A one time fee applies to get account details for receiving payments, for example about 31 United States dollars in the United States, and the amount varies by country. As of 16 June 2026. Verify with Wise. | Free Starter plan with no monthly fee. Paid Grow and Scale plans carry a monthly fee and add features such as faster payments and higher limits. As of 16 June 2026. Verify with Relay. |
| Transaction fees | 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 16 June 2026. Verify the current pricing with Wise. | No monthly subscription fee, no minimum balance and no overdraft fees on the Starter plan. Some payment types, such as wires, can carry charges. As of 16 June 2026. Verify the current rate card with Relay. |
| FX fees | Conversion uses the mid market rate plus a published fee that varies by currency pair, often a fraction of a percent. As of 16 June 2026. Verify the current rate for your pair with Wise. | Relay is United States dollar focused. International wire payments may carry charges and conversion terms vary. Unclear at a single headline rate, so verify with Relay. As of 16 June 2026. |
| Minimum deposit | No minimum opening deposit is published. A one time account details fee applies for receiving. As of 16 June 2026. Verify with Wise. | No minimum balance required to open or keep the account. As of 16 June 2026. Verify with Relay. |
| Multi currency | Yes. Hold and convert many currencies and receive with local account details in several markets. As of 16 June 2026. | United States dollar focused, with international wire payments available. Not marketed as a multi currency account. As of 16 June 2026. Verify supported options with Relay. |
| Integrations | Accounting integrations including Xero and QuickBooks, batch payments and an API. Confirm current integrations with Wise. | Accounting connections, receipt capture, bill payment and cards with spending limits. Confirm the current list with Relay. |
| Eligibility | Registered businesses in supported markets. Feature availability and supported entity types vary by country. As of 16 June 2026. Verify eligibility with Wise. | United States registered businesses. As of 16 June 2026. Verify the current requirements with Relay. |
| Broadly available in | Many markets across the Americas, Europe, Asia Pacific and beyond, including the United States. Feature support varies by country. As of 16 June 2026. | The United States only. As of 16 June 2026. |
Use the table to weigh the differences. The usual question is whether your money moves across currencies and borders, which points toward Wise Business, or whether you mainly run United States dollar operations and want structured sub accounts and team controls, which points toward Relay. Confirm the latest fees and eligibility with each provider.
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Both providers accept business customers in their supported markets. Fees and eligibility shown as of 16 June 2026. Confirm current terms with the provider before applying.
Visit Wise Business → Visit Relay →Questions about Wise Business and Relay
Which is better for my business, Wise Business or Relay?
It depends on your needs. The table on this page compares Wise Business and Relay on account type, fees, currency support, eligibility and availability using each provider's published terms. Wise Business is built for cross border work with a multi currency account, while Relay is a United States dollar focused account with multiple sub accounts and team controls. Weigh those against how your business operates, then confirm current terms with each provider. This is information, not advice.
Can I open both Wise Business and Relay?
Often yes, subject to each provider's eligibility rules. Some United States businesses hold a Relay account for domestic banking and a Wise Business account for multi currency payments. Check eligibility with each provider before applying.
Are the fees on this page current?
Each figure is shown with the date it was recorded. Wise Business and Relay figures are shown as of 16 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 16 June 2026. Confirm current terms with each provider before applying.