Revolut Business vs Wise: Fees, FX and Plans (2026)

Quick answer: In the Revolut Business vs Wise choice, Wise suits businesses that want no monthly fee and pay-as-you-go conversion from about 0.23% to 0.24%. Revolut Business suits businesses that want a full-featured business account with monthly plans that include free currency exchange up to an allowance. Low or irregular FX volume usually favours Wise; high, regular volume can favour Revolut.

Both companies help small businesses and freelancers hold, receive and convert multiple currencies at much lower cost than a traditional bank. But their pricing models are opposite. Wise charges per transaction with no subscription. Revolut Business charges a monthly subscription and bundles allowances.

This Revolut Business vs Wise guide covers Wise Business fees, Revolut Business plans, FX costs, multi-currency accounts and invoicing. Wise figures come from Wise's UK and US business pricing pages at the time of writing (October 2026). Revolut's pricing page blocked our automated access, so Revolut figures are from third-party sources in 2026 and are hedged accordingly. Prices vary by country, so check the official page for yours.

Revolut Business vs Wise at a glance

Feature	Wise Business	Revolut Business
Pricing model	One-time setup fee, then pay per use	Monthly plan (several tiers)
Setup fee	50 GBP (UK), 31 USD (US)	Generally none reported
Monthly fee	None	Reported around 10, 30 and 90 GBP (UK) or 10, 50 and 180 USD (US) for the first three tiers
Currency conversion	From about 0.23% to 0.24%, varies by currency	Included up to a monthly allowance, then a fee reported around 0.6%
Receiving local payments	Free in AUD, CAD, EUR, GBP, HUF, NZD, PHP, SGD and USD	Local details in several currencies, varies by region
Receiving SWIFT	Fixed fee, e.g. 6.11 USD, 2.16 GBP, 2.39 EUR	Varies by plan and region
Cards	Debit cards, free to spend	Debit cards, virtual cards, expense tools
Best for	Freelancers, low or uneven FX volume	Teams with regular, larger FX volume

Wise Business fees explained

Wise keeps pricing simple. At the time of writing, the UK business pricing page lists a one-time 50 GBP setup fee and the US page lists 31 USD, described as covering all business features. There is no monthly subscription, and holding money is free.

• Receiving: domestic payments in AUD, CAD, EUR, GBP, HUF, NZD, PHP, SGD and USD are free. SWIFT payments carry a fixed fee: 6.11 USD for USD wires, 2.16 GBP for GBP SWIFT and 2.39 EUR for EUR SWIFT.
• Converting and sending: fees vary by currency and start from 0.23% on the US page and 0.24% on the UK page. Wise uses the mid-market rate and shows its fee separately.
• Card: spending is free; topping up some external e-wallets costs 2%.
• ATM: free up to 250 per month (USD or GBP depending on region), then a fee applies.

The transparency is the main appeal: you see the exact fee before each conversion. For more on how Wise compares with other providers, see our Wise vs PayPal and Wise vs Payoneer comparisons.

Revolut Business plans explained

Revolut Business sells tiered plans, commonly named Basic, Grow, Scale and Enterprise. Each tier includes a monthly allowance of local and international transfers and an allowance of currency exchange at Revolut's standard rate. Once you use up the exchange allowance, a fair-usage fee applies.

Because we could not load Revolut's own pricing page, treat these as indicative figures reported by third-party guides in 2026:

• UK: around 10 GBP (Basic), 30 GBP (Grow) and 90 GBP (Scale) a month, with FX allowances reported at roughly 1,000, 15,000 and 60,000 GBP.
• US: around 10 USD, 50 USD and 180 USD a month, with allowances reported at roughly 1,000, 20,000 and 80,000 USD.
• Above allowance: a fee reported around 0.6%, and an additional markup reported for conversions outside market hours.

Revolut's euro-zone pages show different prices again, and annual billing is usually cheaper. Always check the plan page for your country before signing up.

Plan allowances usually cover more than currency exchange. Depending on the tier, they can include a set number of free local and international transfers each month, team member seats, physical and virtual cards, and access to features such as bulk payments, expense approvals and accounting integrations. When comparing Revolut Business vs Wise, add up the transfers you would otherwise pay for with Wise, not just the FX fees. A business that makes dozens of international supplier payments a month may find a Revolut plan covers costs that would add up quickly on a pay-per-use model.

FX costs: worked examples

The difference between pay-per-use and subscription pricing shows up clearly with numbers. These examples use Wise's lowest advertised conversion fee of 0.24% for simplicity; your actual fee depends on the currency pair. Revolut figures use the reported UK plan prices above.

Example 1: a freelancer converting 2,000 GBP a month

• Wise: about 0.24% of 2,000 = 4.80 GBP a month, no subscription.
• Revolut Basic: 10 GBP plan fee. The first 1,000 GBP is within the allowance; the next 1,000 GBP at about 0.6% = 6 GBP. Total around 16 GBP.
• Revolut Grow: 30 GBP plan fee, all within the allowance. Total around 30 GBP.

Wise wins comfortably at this volume.

Example 2: a small importer converting 40,000 GBP a month

• Wise: about 0.24% of 40,000 = 96 GBP, and possibly more depending on the currency.
• Revolut Scale: around 90 GBP plan fee, all within a reported 60,000 GBP allowance. Total around 90 GBP.
• Revolut Grow: 30 GBP plus about 0.6% on the 25,000 GBP above a 15,000 allowance = 150 GBP. Total around 180 GBP.

At high volume the two are close, and the Revolut plan also includes transfers and other features. Revolut's reported out-of-hours markup could tip the balance if you convert at weekends.

Multi-currency accounts

Both providers let you hold balances in dozens of currencies and receive payments to local account details in major ones. That means a US client can pay you by ACH to a USD account, a UK client by Faster Payments to a GBP account, and a European client by SEPA to a EUR account, without anyone paying international wire fees.

When you send an invoice, put the matching local details on it. Our guide to bank details on an invoice explains what to include, and our guide to invoicing international clients covers currency, tax and payment terms. If you bill in a currency other than your own, read about foreign currency invoices so your records show the right converted amounts.

Invoicing and getting paid

Both platforms offer ways to request money. Wise offers local account details for each supported currency and, in many regions, payment links and invoice features. Revolut Business offers an invoicing tool, payment links and card acceptance in many markets. Feature availability varies by country and plan, so check your dashboard rather than relying on any review.

Many businesses prefer to create invoices in one place and simply add payment details. Our free invoice generator supports multiple currencies, lets you add your Wise or Revolut account details in the notes, and downloads a clean PDF. It does not send the invoice, receive payments or reconcile your account, so you still email it yourself and mark it paid in your records. For UK sole traders, the UK invoice generator preset sets sensible defaults.

Whichever provider you use, put the currency clearly on every invoice and state who pays any transfer charges. If a client sends an international SWIFT payment instead of a local transfer, intermediary banks may deduct fees and you could receive less than the invoice total. A short note such as "Please pay by local transfer to the account details below; any bank charges are the payer's responsibility" avoids most short payments. Record the amount actually received and the conversion rate on the day you convert, so your bookkeeping matches your bank statements and your accountant can calculate any exchange gains or losses.

Other factors to weigh

• Business banking features. Revolut Business offers expense management, team cards, accounting integrations and spend controls, especially on higher tiers. Wise covers the basics well but is less of a full business current account.
• Regulation and protection. Both are regulated, but the type of licence and deposit protection differ by country. Read each provider's safeguarding or insurance information.
• Customer support. Both are app-first. Higher Revolut tiers may get priority support.
• Eligibility. Supported business types and countries differ. Check onboarding requirements before you plan around either.

Account details on invoices: a practical example

Imagine a UK web developer with clients in the US, Germany and the UK. With either provider she can list three sets of details on her invoices: a USD account number and routing number for the US client, a EUR IBAN for the German client and a GBP sort code and account number for the UK client. Each client pays a local transfer in their own currency. With Wise, receiving all three is free, and she converts only the money she needs in GBP, paying a fee from about 0.24% each time. With Revolut Business, she pays a monthly plan fee and converts within her allowance. At 3,000 GBP of conversion a month, Wise would cost roughly 7.20 GBP in fees, while a Revolut Basic plan would cost around 10 GBP plus a fee on the 2,000 GBP above a reported 1,000 GBP allowance.

Revolut Business vs Wise: pros and cons

Provider	Pros	Cons
Wise Business	No monthly fee; transparent per-transfer pricing; mid-market rate; free local receiving in major currencies	One-time setup fee; conversion fee on every exchange; fewer full-banking extras
Revolut Business	Exchange allowance included in plans; team cards and expense tools; strong app and integrations	Monthly fee even in quiet months; fees above allowance; reported weekend markup; pricing varies by country

The pros and cons of Revolut Business vs Wise depend heavily on how steady your income is. A business with seasonal revenue may pay a Revolut plan fee in months when it converts nothing, while Wise costs nothing in a quiet month. A business with steady monthly volume gets more value from an allowance it uses every month.

Currency gains and losses can affect your tax position. This guide is not tax advice, so check with a qualified accountant about how to record conversions.

Which should you choose?

1. Estimate monthly conversion volume. Below a few thousand a month, Wise's pay-per-use model usually wins.
2. Check which currencies you receive. Make sure the provider gives local details for your clients' currencies.
3. List the banking features you need. Team cards and expense tools point toward Revolut Business.
4. Compare at your actual currency pair. Wise fees vary by currency, and Revolut allowances vary by plan.
5. Consider using both. Some businesses receive into Wise and spend through Revolut, or the reverse.

Conclusion

Revolut Business vs Wise comes down to volume and features. Wise is the simple, transparent choice for freelancers and businesses with modest or irregular currency needs. Revolut Business can be better value for teams converting large amounts every month who also want a full business account. Whichever you pick, give clients clear payment details on every invoice. Create one now with our free invoice generator or choose a layout from our minimal invoice template.