Wise

wise.com
Payment Processing
Weekend Project

The international account | Money without borders

How to Replace Wise

Overview

Wise is an international money transfer and financial services platform that enables users to send money abroad, receive payments in multiple currencies, and spend money globally without foreign transaction fees. The service offers transparent pricing with real mid-market exchange rates and fast transfers, with 74% of transactions arriving in under 20 seconds.

Features

22 features across 18 categories

Account Management(1)

Wise Account

Hold and manage money in 24+ currencies with account details for receiving payments

Also in: Keeper, 1Password, Bitwarden

Business(1)

Business AccountPremium

International business account supporting 40+ currencies with payments and receiving capabilities

Cash Access(1)

ATM Withdrawals

Free ATM withdrawals up to 200 GBP per month per account, then 0.50 GBP per withdrawal

Compliance(1)

Regulatory Compliance

Federally regulated with 65 licenses worldwide

Also in: Insider CDP, Airtable, 1Password

Core Transfer(1)

International Money Transfer

Send money to 140+ countries with transparent fees and real exchange rates

Also in: Remitly

Currency Exchange(1)

Currency Conversion

Exchange currencies quickly with transparent, mid-market rates and no hidden fees

Integration(1)

E-wallet Top-up

Ability to top up external e-wallets and other accounts in certain currencies

Also in: monday.com, Notion, Airtable

Interest/Returns(1)

Interest on HoldingsPremium

Earn 3.14% APY on USD balances with FDIC insurance up to $250,000

Investment(2)

Stocks FeaturePremium

Ability to have a stake in world's largest companies with capital at risk

Wise Interest FeaturePremium

Interest-earning fund for holding money with capital at risk

Mobile(1)

Mobile App

Wise app available with 50 million downloads for managing transfers on-the-go

Payment Card(1)

Wise Debit Card

Pay and withdraw cash worldwide in 215+ countries and territories without foreign transaction fees

Pricing(2)

Transparent Pricing

No hidden fees in exchange rates; users see exactly what they pay

Volume Discounts

Get lower prices on conversions with volume discounts for larger transfers

Protection(1)

Locked Exchange Rate

Lock in exchange rate for up to 24 hours to protect against rate drops

Receiving(2)

Global Account Details

Get account details for receiving payments in 24 currencies including USD, GBP, EUR, and others

Receive Money in Multiple Currencies

Get paid in 24 different currencies with global account details

Security(2)

Fraud DetectionAI

Over 1,000 experts and smart systems run 7 million checks daily to spot and prevent fraud

Safeguarded Funds

Money protected in a safeguarded, separate account

Social(1)

Free Transfers Between Friends

Send or receive same currency between Wise contacts for free

Speed(1)

Fast Transfers

74% of transfers arrive in under 20 seconds, 95% within 24 hours

Support(1)

24/7/365 Customer Support

Round-the-clock support available by phone, email, or chat

Pricing

Free Tier

Free
  • Account registration
  • Receiving account details (24 currencies)
  • Domestic payments (non-Swift)
  • Hold money in account
  • Pay with Wise card
  • Free transfers between friends in same currency

Send Money

From 0.33%
  • Send money globally
  • Transparent fees

Wise Debit Card

7 GBP card + fees
  • Debit card
  • Free spending in same currency
  • 1.75% ATM withdrawal fee over 200 GBP/month

Currency Conversion

From 0.33%
  • Quick currency exchange
  • Mid-market rates

Wise Interest

From 0.26% annual fee
  • Interest-earning fund
  • FDIC insurance up to $250,000

Wise Stocks

From 0.59% annual fee
  • Stock investment feature

Business Account

Custom
  • 40+ currency support
  • Business payments
  • Business receiving

Cost Calculator

Pricing data not available for Wise. Check their website for current pricing.

Build vs Buy

Should you build a Wise alternative or buy the subscription? Estimate based on 22 features.

Buy Wise

Better Value
Monthly costContact Sales
3-year totalVaries
Time to deployDays

Build Your Own

Development cost$12,000
Maintenance$180/mo
3-year total$18,480
Dev time~1 months

Buying Wise saves ~$18,480 over 3 years vs building.

Estimates based on 22 features and a BuildScore of 5/5. Actual costs vary.