Wise Business vs TransferGo Business: Which is better for your business?

Business
09 Apr 2025
3 mins read
Written by

​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 BusinessTransferGo Business
FeaturesHold and exchange 40+ currencies, local account details in 9+ currencies, multi-user access, accounting software integrationHold and exchange multiple currencies, local and global account details, batch payments, business savings account
PricingOne-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 CardsPhysical and virtual cards, spending controls, ATM withdrawalsNot specified

Wise Business vs TransferGo Business: Key Features

Wise BusinessTransferGo Business
Supported Currencies40+35+
International PaymentsAvailable in 70+ countriesAvailable in 60+ countries
Accounting Software IntegrationQuickBooks, Xero, Sage, and moreNot specified
Business Debit CardsPhysical and virtual cardsNot specified
AppMobile and web compatibilityNot 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 BusinessTransferGo Business
Account Opening FeeOne-time fee (varies by region)Free
Monthly SubscriptionNoneNone
Currency Exchange FeesFrom 0.43%From 0.35%
Money Transfer FeesVariable, depending on currency and amountFree on major routes; £0.99 for fast-track delivery
FX FeesUses mid-market rateUses 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 BusinessTransferGo Business
Physical CardAvailableNot specified
Virtual CardAvailableNot specified
Custom CardNot specifiedNot specified
ATM WithdrawalFree up to a certain limit; fees apply beyond thatNot 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
FeaturesHold 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
PricingNo monthly fees and no fees for cross currency payments
Business cardsVirtual prepaid Mastercard® with FX savings and customised spending controls

Getting started with Instarem is easy

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Take control of your business finances with Instarem. Enjoy competitive exchange rates, streamlined payments, and fast & secure transactions.

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About Instarem

Instarem powers global business payments that move as fast as you do. With our business account, you can make payments to 160+ countries easily and affordably. Whether it’s salary payouts, supplier invoices, or intra-company transfers, our solutions are built to simplify your workflow. We also offer tailored payment tools for industries like logistics, tech, travel, and more. Get clear spend insights with the SME Spend Barometer. As part of Nium, a global fintech unicorn, we’re trusted and regulated in 11 jurisdictions, moving USD $6 billion annually—and ready to help you scale. Contact us to find the right fit for your business.

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