Wise Business vs. Revolut Business — Which is Best for You? 2026
For an Arab entrepreneur running a UK Limited Company, the choice often boils down to two giants of the Fintech world: **Wise Business** and **Revolut Business**. Both allow you to open an account remotely and manage your global finances from your laptop. However, they have different strengths, fee structures, and target audiences. In 2026, the “best” choice depends on whether you value low-cost currency conversion or advanced business spending tools.
In this guide from Eteform.com, we compare these two leaders to help you decide.
1. Wise Business: The “Multi-Currency” Master
Formerly TransferWise, their core strength is moving money across borders at the lowest possible cost.
- Best For: Companies with international suppliers (e.g., Dropshippers) or clients in different countries.
- Local Account Details: Gives you local bank details in 10+ currencies (GBP, USD, EUR, AUD, etc.).
- Fees: Uses the “Mid-Market” exchange rate with a transparent, small conversion fee. No monthly subscription fee for the basic account.
- Integrations: Connects perfectly with Xero, QuickBooks, and Stripe.
2. Revolut Business: The “All-in-One” Business Suite
Revolut is more like a traditional bank but with a high-tech interface and advanced features.
- Best For: Companies with teams, high volume of transactions, or those who need advanced budgeting and crypto features.
- Advanced Features: Corporate cards with spending limits, team permissions, bulk payments, and built-in crypto exchange.
- Fees: Offers a “Free” tier, but advanced features require a monthly subscription (starting around £19 – £79/month).
- Merchant Account: Revolut can act as its own payment gateway (Revolut Gateway) to accept credit card payments directly.
Direct Comparison Table 2026
| Feature | Wise Business | Revolut Business |
|---|---|---|
| Remote Opening | ✅ Yes | ✅ Yes |
| Currency Exchange | ✅ Best Rates | ✅ Good (up to limits) |
| Monthly Fee | ❌ None (One-time setup) | ⚠️ Free to Paid Tiers |
| Corporate Cards | ✅ Yes | ✅ Advanced Controls |
| SaaS/API Integration | ✅ Excellent | ✅ Excellent |
How to Choose (How-To)
Choose Wise if:
- Your primary goal is to save money on currency conversion.
- You want a simple, “Pay-as-you-go” structure with no monthly commitment.
- You need local USD and EUR bank details to get paid by clients.
Choose Revolut if:
- You have a team and need to issue cards to employees.
- You want advanced financial analytics and budgeting tools built-in.
- You are interested in crypto for business or need a secondary payment gateway.
Frequently Asked Questions (FAQ)
A: Yes! Our Premium Formation Packages include a “Banking Support” module where we help you prepare your business description and documents to maximize your approval chances.
Q: Do these accounts come with an IBAN?
A: Yes. Both provide a UK IBAN and Sort Code, making your company fully part of the international banking system.
Q: Are my funds safe?
A: Both are regulated by the UK’s Financial Conduct Authority (FCA). They use “Safeguarding” rules, meaning your business money is kept in separate accounts and is not used for the bank’s own investments.
Conclusion: Two Powerful Tools for One Global Goal
Whether you choose the transparency of Wise or the features of Revolut, you are light-years ahead of using a traditional local bank. Both are excellent choices for an Arab founder building a modern UK business.
Ready to open your global account? Incorporate Your UK Company with Eteform.com First.