Side-by-side comparison of Wise (formerly TransferWise)
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| Feature | |
|---|---|
| STOA Rating | N/A |
| Description | Wise is a global technology company building the best way to move money around the world. Its "Wise Business" account allows companies to hold and convert money in over 50 currencies at the real mid-market exchange rate, avoiding the hidden markups charged by traditional banks. Its unique feature is the "local bank details" capability; you can get a US routing number, a Euro IBAN, and a UK sort code all in one account, allowing you to get paid like a local in those regions. For agencies and freelancers with international clients, Wise is a profit-saver. It drastically reduces the cost of cross-border transactions and allows for batch payments to pay overseas contractors in their local currency instantly. |
| AI Features | None |
| Categories | Get Paid & Manage Money |
| STOA's Verdict | Under review |