Wise Business vs TransferGo Business: Which is better for your business?
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Choosing the right business account can significantly impact how you manage your finances. We’re comparing Wise Business and TransferGo Business, focusing on their features, pricing, business card options, and more, to help you decide which one works best for you.
| Wise Business | TransferGo Business | |
|---|---|---|
| Features | Hold and exchange 40+ currencies, local account details in 9+ currencies, multi-user access, accounting software integration | Hold and exchange multiple currencies, local and global account details, batch payments, business savings account |
| Pricing | One-time setup fee (varies by region), no monthly fees, currency conversion fees from 0.43% | No setup or monthly fees, currency conversion fees from 0.35% |
| Business Cards | Physical and virtual cards, spending controls, ATM withdrawals | Not specified |
Wise Business vs TransferGo Business: Key Features
| Wise Business | TransferGo Business | |
|---|---|---|
| Supported Currencies | 40+ | 35+ |
| International Payments | Available in 70+ countries | Available in 60+ countries |
| Accounting Software Integration | QuickBooks, Xero, Sage, and more | Not specified |
| Business Debit Cards | Physical and virtual cards | Not specified |
| App | Mobile and web compatibility | Not specified |
Both options offer robust features. Wise stands out with its comprehensive accounting software integrations, while TransferGo excels in offering a business savings account with advantageous interest rates. Ultimately, the best choice depends on your business’s specific needs.
Wise Business vs TransferGo Business: Pricing
| Wise Business | TransferGo Business | |
|---|---|---|
| Account Opening Fee | One-time fee (varies by region) | Free |
| Monthly Subscription | None | None |
| Currency Exchange Fees | From 0.43% | From 0.35% |
| Money Transfer Fees | Variable, depending on currency and amount | Free on major routes; £0.99 for fast-track delivery |
| FX Fees | Uses mid-market rate | Uses mid-market rate |
Wise offers a competitive structure with no monthly fees and currency conversion fees starting from 0.43%. TransferGo, on the other hand, charges no setup or monthly fees, with currency conversion fees starting as low as 0.35%. Consider your transaction volume and specific service needs to determine which pricing structure is more cost-effective.
Wise Business vs TransferGo Business: Business Cards
| Wise Business | TransferGo Business | |
|---|---|---|
| Physical Card | Available | Not specified |
| Virtual Card | Available | Not specified |
| Custom Card | Not specified | Not specified |
| ATM Withdrawal | Free up to a certain limit; fees apply beyond that | Not specified |
Wise offers both physical and virtual business debit cards with spending controls and ATM withdrawal options. TransferGo’s business card offerings are not specified in the available information.
See how Instarem compares
| Instarem | |
|---|---|
| Features | Hold and exchange multiple currencies, send real-time payments, secure transactions, process up to 1,000 payments, and fund transactions seamlessly with Visa or Mastercard® credit cards |
| Pricing | No monthly fees and no fees for cross currency payments |
| Business cards | Virtual prepaid Mastercard® with FX savings and customised spending controls |
Getting started with Instarem is easy
- Click here to get a free Instarem business account
- Enter your company details
- Once approved, add beneficiary details, saved for future transfers
- Select a payment method and we’ll show you rates and fees upfront
Register with Instarem business today
Take control of your business finances with Instarem. Enjoy competitive exchange rates, streamlined payments, and fast & secure transactions.
