6 Best Alternatives To Wise in the UK (2025)

Q: Is Wise the cheapest option for international transfers?

Not always. Wise is competitive on FX rates and uses the mid-market exchange rate, but other money transfer services may offer lower transfer fees or better pricing for specific foreign currencies or payment methods.

Q: What should I look for when choosing a Wise alternative?

Key factors include supported currencies, FX margins, transfer speed, business features such as cards or batch payouts, and the level of customer support you need. Look for a provider with clear pricing and no hidden fees, and consider how well each option fits your day-to-day payment tasks.

Q: Is Wise safe and legal to use in the UK?

Yes. Wise is authorised by the Financial Conduct Authority (FCA) in the UK and follows safeguarding rules for client funds.

Q: Is it easy to switch from Wise to another provider?

Yes. Most alternatives offer fast online onboarding, and many business owners use more than one service for different tasks, such as handling overseas bank transfers or receiving marketplace payouts. Switching usually involves opening the new account and updating how payments are sent or received.

Wise works well for many UK businesses, especially those sending international payments or holding multiple currencies. But depending on how your business runs, you may need features Wise does not prioritise, such as deeper marketplace integrations, dedicated support, or stronger tools for managing team spending.

This article breaks down 6 reliable Wise alternatives in the UK, each offering different strengths. Whether you need clearer pricing, faster payouts, stronger team controls, or better ways to receive international payments, you will find providers here that fit your everyday tasks.

To help you get started quickly, here are the top three Wise alternatives to look at first.

Our Top Picks

1st Choice

Multi-currency accounts with corporate cards and spend controls.

Learn More Get Started

2nd

11-currency business account with low FX fees and direct support.

3rd

International transfers in 145+ currencies with rate-management tools.

Why trust us?

This shortlist is designed to help you choose a Wise alternative that genuinely fits your needs, even if that provider is not us. Recommending the wrong option creates more work for both sides, so our priority is precision, not promotion.

We review each provider using the same criteria, including pricing, FX, transfer speed, coverage, features, and support. Everything we include is based on public documentation and real user feedback.

Last reviewed: 26 November 2025.

How We Evaluated These Alternatives

We reviewed global payment platforms and multi-currency business accounts that are commonly considered as alternatives to Wise. Products that are invite-only, enterprise-only, or not available to most users in the UK were excluded, so the comparison stays relevant for readers assessing Wise alternatives.

📌 What We Looked At

This framework ensures the comparison stays practical for anyone assessing Wise alternatives. If a particular fee or feature is important for your workflow, check the provider’s official website for the latest details, then use the summaries below to compare your options.

Revolut

Trustpilot Score: 4.6 (316,000+ reviews)

Revolut is a UK-founded fintech platform for businesses managing money in different currencies. It is widely used by startups and small businesses that prefer handling online payments, cards, and expenses inside one system.

Where Revolut helps most is with day-to-day spending. Its card controls, built-in expense tools, and approval flows make it easier for teams to stay organised as spending grows across departments.

Revolut's Key Features

Multi-currency business account
Hold, exchange, and spend in more than 25 currencies, with local account details in GBP, EUR, and USD for receiving payments.
Corporate cards for teams
Issue physical and virtual cards, set spending limits, restrict merchant categories, and receive real-time usage notifications.
Built-in expense tools
Capture receipts, manage reimbursements, and route expenses through approval workflows to reduce manual admin.
International transfers with transparent FX
Send payments worldwide with clear fees shown upfront. Scheduled and bulk transfers are available on higher-tier plans.
Integrations with finance and business tools
Connect Revolut to Xero, QuickBooks, Slack, Zapier, and popular ecommerce platforms to streamline bookkeeping and operations.
Tiered subscription plans
Choose from several business plans that adjust allowances, FX limits, card access, and automation features as your business scales.

✅ When Revolut is a Better Fit

Revolut works well for SMEs that want card controls and multi-currency spending in one place.

It may suit your business better than Wise if:

You want stronger team spending controls: Revolut provides detailed card limits, approval flows, and automated expense tools that help manage multiple employees.
You need instant virtual cards: Useful for remote teams, contractor onboarding, or issuing single-use cards for specific projects or subscriptions.
You prefer having cards, expenses, and payments in one dashboard: This reduces admin for teams that make frequent purchases or reimbursements.

⚠️ When Revolut May Not Fit Your Needs

Revolut is flexible, but not ideal for all workflows.

It may feel limiting if:

You want more hands-on support: Revolut does not offer dedicated account managers, and phone support is limited compared with providers that focus on guided help.
You send large international transfers: Specialist FX brokers often offer better pricing, hedging tools, and personalised guidance for high-volume payments.
You need more local receiving options: Revolut provides local details in only a few currencies, so businesses receiving payments globally may find this restrictive.

Tip: Explore all Revolut features in our full Revolut Business Account review.

Statrys

Trustpilot Score: 4.5 (360+ reviews)

Founded in Hong Kong, Statrys offers a payment platform designed for SMEs and entrepreneurs that trade across Asia and beyond. Our multi-currency business account supports 11 major currencies and provides transparent FX fees starting from 0.1%.

Support is a core part of how we work. Every client is paired with a dedicated account manager who handles day-to-day questions directly. We also offer company incorporation and corporate services in Hong Kong and Singapore, with accounting support available through trusted partners.

Statrys's Key Features

11-currency business account
Hold, receive, and send 11 major currencies with local payments available in 12 currencies, covering key markets across Asia, Europe, and North America.
Transparent FX from 0.1%
FX conversions start from 0.1%, with all fees shown upfront before each transfer.
Dedicated account manager
Every business works with a dedicated account manager who supports payments, document checks, and daily operations through direct channels like email, phone, or WhatsApp.
Cross-border payment tools
Send international transfers, track payment status, and manage recurring payouts across supported currencies in one dashboard.
Xero integration
Sync transactions directly into Xero to reduce manual bookkeeping and keep multi-currency accounting clean.
Simple, non-tiered pricing
A single monthly plan without tier-based limits, making ongoing costs easier to predict.

✅ When Statrys is a Better Fit

Statrys can suit SMEs that want clearer FX pricing and direct human help, while Wise can feel more self-service.

It may suit your business better than Wise if:

You want dedicated support: Direct access to an account manager is helpful if you prefer guided assistance over general digital support channels.
You need predictable FX costs: Statrys shows conversion fees upfront, helping with budgeting and cash-flow planning.
You want straightforward, non-tiered pricing: One monthly plan helps avoid shifting allowances or variable fees.

⚠️ When Statrys May Not Fit Your Needs

Statrys is not a full banking solution and may feel restrictive depending on your structure or operations.

It may feel limiting if:

You rely on marketplace payments: Statrys does not support receiving funds directly from platforms like Amazon or Shopify.
You need an account that supports UK-registered companies: Statrys only supports companies registered in Hong Kong, Singapore, or the BVI, and other entities will need a provider that accepts more jurisdictions.

Tip: Statrys or Wise? Get the full side-by-side Statrys vs Wise comparison—including fees, features, and more.

Xe Money Transfer

Trustpilot Score: 4.4 (81,000+ reviews)

Xe Money Transfer is a global money transfer service for businesses that need reliable overseas transfers and tools to manage currency exposure. It supports more than 145 currencies across 190+ countries.

Xe is built for cost-effective currency management. Its holding accounts, rate-protection tools, and scheduled payouts help businesses plan ahead and reduce uncertainty when paying suppliers or moving funds across different currencies.

Xe Money Transfer's Key Features

Transfers in 145+ currencies
Send payments to more than 190 countries, including emerging markets that many competitors do not cover.
Multi-currency holding accounts
Hold and manage funds before converting or sending, which helps time transfers more effectively.
Rate alerts and market orders
Set target exchange rates and automate transfers when the market hits your preferred level.
Forward contracts
Lock in an exchange rate for future transfers to reduce FX risk when paying suppliers or contractors.
Scheduled and recurring payments
Automate payroll or regular supplier payouts across different currencies.
Specialist FX support
Access guidance from Xe's currency experts for large, urgent, or complex transfers.

✅ When Xe Money Transfer is a Better Fit

Xe is best for businesses where international transfers are the main focus.

It may suit you better than Wise if:

You send large or frequent overseas payments: Xe gives better coverage and often better support for higher-value transfers.
You want tools to lock in exchange rates: Forward contracts and rate orders help protect margins in a way Wise does not.
You prefer speaking with an FX specialist: Xe offers human guidance for planning and timing important payments.

⚠️ When Xe Money Transfer May Not Fit Your Needs

Xe is not designed to replace a full business account.

It may feel limiting if:

You need local receiving accounts: Xe cannot receive money like a bank account or a Wise Business account.
You need tools for daily operations: No cards, no local transfers, no team spending tools, and no bookkeeping integrations.
You want a quick, app-led experience: If your transfers are small or occasional, a simpler digital platform may be easier to use.

Payoneer

Trustpilot Score: 3.8 (61,000+ reviews)

Payoneer is a global payment platform for freelancers, marketplace sellers, and small businesses receiving funds from international clients. Its multi-currency account provides local receiving details across major markets.

The platform fits businesses working with global platforms. With integrations to more than 2,000 marketplaces, it helps users consolidate earnings, manage multiple currency balances, and access funds through a Mastercard® for global spending.

Payoneer's Key Features

Local receiving accounts
Get paid like a local in major currencies including USD, EUR, GBP, CAD, and AUD.
Marketplace and platform integrations
Receive earnings directly from more than 2,000 platforms such as Amazon, Fiverr, Upwork, Airbnb, and Google.
Multi-currency balances
Hold multiple currencies in one account and withdraw to your UK bank when needed.
Payoneer Mastercard®
Spend online or in-store using your Payoneer balance without waiting for bank transfers.
Mass payout tools
Send batch payments to contractors, freelancers, or suppliers in multiple countries.
Earnings consolidation
Combine payouts from multiple platforms into one account for simpler cash-flow management.

✅ When Payoneer is a Better Fit

Payoneer is best for businesses, online sellers, and freelancers whose income comes from global platforms or international clients.

It may suit your business better than Wise if:

You earn through marketplaces or online platforms: Payoneer integrates with more than 2,000 platforms such as Amazon, Fiverr, and Upwork, which makes it easier to collect payouts compared with other providers on this list.
You need local receiving accounts in major currencies: Useful when clients need to pay you like a local business in USD, EUR, or GBP.
You want to manage global earnings in one place: Payoneer consolidates payouts and lets you withdraw to your UK bank on your schedule.

⚠️ When Payoneer May Not Fit Your Needs

Payoneer is strong for receiving payments, but it is not a full business account.

It may feel limiting if:

You need everyday business banking tools: Payoneer is focused on receiving, so for UK bills, payroll, or domestic transfers, you may need a separate operational account.
You want predictable FX pricing: Exchange fees vary by marketplace and payment route, so costs can be harder to forecast.
You rely on accounting integrations: Payoneer offers fewer options than providers that focus on business operations, which may increase manual bookkeeping.

OFX

Trustpilot Score: 4.3 (11,000+ reviews)

OFX is a money transfer provider for SMEs that send larger overseas payments or need help managing exchange rates. It focuses solely on cross-border transfers rather than banking tools or multi-currency accounts.

Its service model centres on direct support. Businesses can speak with an FX specialist before sending money and receive competitive rates for larger transfers, with final quotes confirmed at the time of the transaction. This suits business owners who prefer speaking to a specialist rather than relying on an app-only workflow

Note: OFX no longer offers multi-currency accounts or local receiving details. The former Global Currency Account has been discontinued for new business and ecommerce users. For the latest information, check the OFX website.

OFX's Key Features

Global transfers in major and emerging markets
Send money to more than 170 countries with support for a wide range of currencies.
One-to-one support from FX specialists
Speak directly with an OFXpert who can guide you on rates, timing, and larger or time-sensitive transfers.
Tools to manage exchange rates
Use forward contracts and rate alerts to secure a preferred rate or lock in pricing for future payments.
Transparent, fee-free transfers
Most transfers have no added fee. Pricing is based on the FX margin quoted during the transaction.
24/7 phone support
Access support at any time, which is helpful when markets move or urgent transfers arise.

✅ When OFX is a Better Fit

OFX works well for businesses that treat international payments as a core part of their operations.

It may suit your business better than Wise if:

You send high-value transfers and want better pricing: Speaking directly with an FX specialist often leads to more competitive rates on larger payments.
You need help managing exchange rates: Forward contracts and rate alerts help stabilise costs when paying overseas suppliers or contractors.
You want human guidance on when to send money: OFXperts can explain market movements and help you choose the right moment to send funds.

⚠️ When OFX May Not Fit Your Needs

OFX focuses on international transfers only, not daily business banking.

It may feel limiting if:

You need a full business account: OFX does not offer local accounts or operational tools such as cards or expense controls.
You want to receive payments like a local: OFX no longer provides local receiving accounts, so businesses that expect payments from overseas clients may need another option.
You prefer fast, app-based transfers: Large or complex payments may require manual confirmation, which can be slower than digital-first platforms.

Tip: Comparing Wise and OFX? See our detailed OFX vs Wise review for a side-by-side breakdown of fees, features, and supported currencies.

TransferGo

Trustpilot Score: 4.6 (38,000+ reviews)

TransferGo is a digital money transfer service focused on fast, low-cost international transactions. It supports payouts to more than 160 countries and is often used by SMEs paying overseas suppliers or contractors.

The platform is built for speed. Transfers are shown with clear transfer fees up front, and many payouts arrive within minutes. TransferGo also supports batch transfers and offers a four-currency business account for GBP, EUR, RON, and PLN.

TransferGo's Key Features

Fast international payouts
Many transfers arrive within minutes, making it useful for time-sensitive payments.
Transparent pricing
All fees and FX rates are shown before sending, helping SMEs plan costs.
Payments to 160+ countries
Strong coverage across Europe, with increasing support for Asia and other regions.
Four-currency business account
Hold and manage balances in GBP, EUR, RON, and PLN for basic receiving and spending needs.
Batch transfers
Pay multiple suppliers or contractors in one go, saving time on repeated transfers.

✅ When TransferGo is a Better Fit

TransferGo is ideal for SMEs that prioritise speed, simplicity, and predictable fees.

It may suit your business better than Wise if:

You send frequent small or medium transfers: Fast delivery times make everyday payments easier.
You work with European suppliers or contractors: Coverage and payout speed are particularly strong across Europe.
You want a simple, app-based experience: TransferGo avoids complex FX tools, making it easy for teams to use.

⚠️ When TransferGo May Not Fit Your Needs

TransferGo focuses on fast transfers, not multi-currency tools or FX management.

It may feel limiting if:

You need a full multi-currency account: TransferGo does not support holding many currencies or offering local bank details, so you may need a separate multi-currency wallet.
You send high-value transfers: TransferGo does not offer specialist FX support or rate negotiation.
You rely on advanced FX tools: If you schedule payments or deal with unstable currencies, you may need rate locks or forward contracts from another provider.

Final Note

Wise works well for many use cases, but it is not always the most suitable choice for UK businesses handling specific currencies, markets, or payment volumes. Each provider highlighted above excels in different areas.

Compare the core features, pricing, and payment options of each platform to decide which one fits your workflow. This list highlights some of the best Wise alternatives for UK businesses, but the right choice depends on how your business sends or receives money.

Open a Multi-Currency Business Account in Hong Kong

Receive and make payments in all major currencies.

A dropdown of some supported currencies by the Statrys business account.

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FAQs

What is the best alternative for Wise

There is no single best option. Revolut suits businesses that need cards and spend controls, Statrys fits SMEs needing multi-currency accounts with direct support, and Xe Money Transfer works well for larger international payments. The right choice depends on your currency needs, transfer volume, and workflows.