Looking for a Wise alternative? Compare the best multi-currency accounts for managing international payments.
Key takeaways
- Wise Business offers a multi-currency account for a one-time fee of AU$65, allowing businesses to send, receive and hold funds in 23 currencies
- Wise Business alternatives include WorldFirst, Airwallex and Payoneer
- WorldFirst provides access to 20+ local currency accounts with competitive exchange rates and no monthly fees
- Airwallex supports 20+ currencies for a monthly fee, offering payment links and integration with checkout solutions
- Payoneer’s multi-currency account supports 9+ currencies
Wise is an international payment provider that lets users send and receive funds in multiple currencies. Businesses get a multi-currency account with Wise Business for a one-time fee of AU$65.1 You get local bank account details for 23 currencies, including AUD, USD, CAD, EUR and GBP.
The multi-currency account lets you collect payments from customers, send payments to business partners and hold funds in your account.
While it does not cost anything to receive local payments, you’re charged for CAD SWIFT and USD wire transfers. There are also separate fees for sending payments, funding your account and converting currencies. For a more detailed look, check our Wise Business account review.
If you’re unsure about Wise, here are the top alternatives to Wise, so you can choose the right foreign currency account for your fast-growing global business.
1. WorldFirst
As an authorised and regulated payment provider, WorldFirst helps businesses send, receive, hold and convert international payments. A World Account is a multi-currency account that gives you access to 20+ local currency accounts, including USD, GBP, EUR, JPY, CNH, HKD, AUD, SGD, CAD, NZD and MXN, with no overseas address needed.
With your World Account, you can receive customer payments, send payments to suppliers, tax authorities or business partners, and hold funds in your account. Withdraw your funds to your bank account any time. You get access to competitive exchange rates and can even lock in exchange rates for up to 24 months using forward contracts.
A part of Ant Group, WorldFirst helps businesses manage international payments and expand globally while protecting their profit margins.
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*Fees checked in August 2026
2. Airwallex
Airwallex is an international payment provider that supports cross-border payments, marketplace collections and core APIs to streamline financial operations. You can open local currency accounts in 20+ currencies for a monthly fee of AU$29.2 Fees for sending payments can be up to AU$30, depending on the currency and payment method.
The Airwallex account also comes with corporate cards, which are multi-currency VISA cards for business expenses.4 Cards can be issued instantly, used online or in stores, and linked to held currency balances.4 They have 0% foreign transaction fees, support Apple Pay and Google Pay, and include spending controls, limits and real-time transaction tracking.4
→ Take a look at our detailed Airwallex review and head-to-head comparison of WorldFirst vs Airwallex.
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*Fees checked in August 2026
3. Payoneer
Payoneer is a payment platform that lets users add funds, pay business partners, and receive payments from customers.6 There are different multi-currency accounts available for businesses and freelancers. Receiving payments from non-Payoneer accounts can attract a fee of up to 3.99%.6 There are also separate fees for Payoneer accounts that haven’t been used in over 12 months.6
→ Take a look at our detailed Payoneer review
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*Fees checked in August 2026
4. Revolut Business
Revolut Business is a digital business account designed for companies that manage domestic and international finances from one platform.10 It combines multi-currency balances, currency exchange, international payments and business cards.10 Australian businesses can hold and exchange 30+ currencies, receive AUD through local account details and use corporate cards for spending in 150+ currencies.10
Revolut’s Standard account has a AU$0 monthly fee. Currency exchange is fee-less up to A$2,000 per rolling month during market hours, while exchanges above this limit incur a 0.5% fee.11 Businesses can also issue physical and virtual cards and apply controls based on spending limits, merchant categories, currencies and time periods.12
→Take a look at our complete Revolut Business review
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*Fees checked in August 2026
5. OFX Global Business Account
The OFX Global Business Account is a multi-currency business account designed for companies that receive, hold and make international payments.14 Businesses can hold funds in 30+ currencies and use those balances to pay suppliers or make purchases without converting funds unnecessarily.14
The account also supports batch payments, recurring transfers and accounting integrations, while the linked OFX Corporate Card lets businesses spend directly from available currency balances.15 It allows companies to make purchases from available balances in 30+ currencies.15 It supports both company and employee cards, with controls for budgets, approvals and individual spending limits.15
→ Take a look at our in-depth OFX Global Business account
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| Trustpilot rating17 | 4.2 out of 5 stars |
*Fees checked in August 2026
Choose the right Wise alternative for your business
The right multi-currency account for business will depend on your specific requirements and the type of currencies you usually send and receive payments in. Fees, number of supported currencies and speed are the three most important factors you can consider when choosing a payment service provider. Ideally, your payment provider can offer competitive exchange rates to help you protect your profit margins.
To help you make the right decision, here’s a detailed fee comparison of the most popular multi-currency accounts in Australia.
| Feature | Wise1 | WorldFirst | Airwallex2 | Payoneer6 | Revolut11 | OFX16 |
| Monthly fee | Zero | Zero | AU$29 (Zero if conditions met) | Zero | AU$0 Standard | AU$0 Standard; AU$75 Full Suite; Custom pricing |
| Accessing local currency accounts | AU$65 | Zero | Zero | Zero | Not specified | Not specified |
| Account maintenance fee | Zero | Zero | Zero | US$29.95 if conditions are not met | Not specified | Not specified |
| Receiving funds | Zero for selected currencies; fees apply to USD wire/CAD SWIFT | Zero | From AU$0.30 for local payment methods | Zero from Payoneer customers; up to 3.99% from non-Payoneer customers | Not specified | AU$0 domestic; AU$5 international |
| Holding funds in multiple currencies | Zero | Zero | Zero | Zero | Not specified | Not specified |
| Sending payments to users in the same network | Zero and instant | Zero and instant | Instant; regular fees apply | Zero | Not specified | Not specified |
| Sending payments to other accounts | From 0.19% | From 0.4%, capped at AU$15 | From 0.4% for eligible local/cross-border payments | Up to 3% | Zero | AU$10 per Wire/SWIFT; domestic AUD: 20–200 included, then AU$1 each |
| Getting a debit/physical card | Not specified | Zero | Not specified | Not specified | First card: AU$0; additional: AU$8.99 + delivery | AU$10 one-off per physical card |
*Fees as checked in August 2026
FAQs
1. What is the best Wise Business alternative?
The best option depends on a business’s currencies, transaction volume and international payment needs. Compare supported currencies, local receiving accounts, transfer fees, exchange rates and payment speed to find an account that fits regular cross-border transactions.
2. Are Wise Business alternatives cheaper?
Costs vary by provider and usage. Some accounts charge monthly or setup fees, while others charge for transfers, currency conversion or receiving funds. Comparing the total cost across common transactions gives a clearer picture than comparing one fee alone.
3. Can businesses receive payments in multiple currencies?
Yes, many multi-currency business accounts provide local account details for receiving payments in different currencies. However, supported currencies, receiving methods and fees vary. Businesses should check whether their key markets and currencies are covered before opening an account.
4. Are multi-currency accounts useful for international businesses?
Yes. Multi-currency accounts can help businesses receive, hold and convert funds in different currencies without converting every payment immediately. They can also simplify supplier payments and international transfers, depending on the account’s supported currencies and transaction features.
Sources
- https://wise.com/au/pricing/business
- https://www.airwallex.com/au/pricing
- https://www.airwallex.com/au/payments
- https://www.airwallex.com/au/spend-management/cards
- https://au.trustpilot.com/review/airwallex.com
- https://www.payoneer.com/about/pricing/
- https://www.payoneer.com/multi-currency-account/
- https://www.payoneer.com/commercial-card/
- https://au.trustpilot.com/review/www.payoneer.com?page=3
- https://www.revolut.com/en-AU/business/
- https://www.revolut.com/en-AU/legal/standard-fees/
- https://www.revolut.com/en-AU/business/cards/
- https://www.trustpilot.com/review/www.revolut.com
- https://www.ofx.com/en-au/business/international-payments/
- https://www.ofx.com/en-au/business/corporate-cards/
- https://www.ofx.com/en-au/business/pricing/
- https://www.trustpilot.com/review/ofx.com
Disclaimer: The information contained is general only and largely our views. Before acting on the information you should consider whether it is appropriate for you, in light of your objectives, financial situation or needs. Although information has been obtained from and is based upon multiple sources the author believes to be reliable, we do not guarantee its accuracy and it may be incomplete or condensed. All opinions, estimates, mentioned products/services and referenced material constitute the author’s own judgement as of the date of the briefing and are subject to change without notice. WorldFirst shall not be responsible for any losses or damages arising from your reliance of such information.
