Wise Business vs Personal in Europe – Which Account is Right for You?

Wise simplifies international money management for individuals and businesses across Europe, offering a fast, transparent, and cost-effective way to send, spend, and receive funds globally.

With a single platform, you can hold and convert 40+ currencies, make international transfers at the mid-market exchange rate, and manage both personal and business expenses—without hidden fees. A key advantage of these accounts is their transparency and low fees for international transfers.

Whether you're traveling, working remotely, or running a business, Wise provides a transparent, cost-effective solution to handle your finances across borders. This article will cover the main differences between the Wise Business vs personal account in Europe, so you can decide which one you need.

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What is the difference between Wise Business and Wise Personal in Europe?

With Wise, you can manage both personal and business finances in one app, without any ongoing subscription costs. Wise provides a cost-effective, transparent, and flexible solution. But there are some key differences between the two accounts.

• The personal account is perfect for use as a consumer - Whether you're traveling, sending money to family abroad, or buying international items.

• Wise Business is designed for business use, and comes with features and tools that help businesses save time and money.

Wise Business vs Wise Personal in Europe

Wise provides a flexible, all-in-one financial solution for individuals and businesses across Europe. Whether you're managing personal expenses or handling international business transactions, Wise ensures transparent, low-cost, and multi-currency payments.

With Wise, you can seamlessly send, receive, and hold money in 40+ currencies, all within a single platform designed to meet European financial needs. However, there are some key differences between them.

The Wise Personal account is perfect for individuals who need to manage international finances—whether for travel, remote work, or sending money abroad. It allows users to hold 40+ currencies and convert funds at the mid-market exchange rate. Account holders can also obtain a Wise Multi-Currency Card, which can be used in 160+ countries. 🌍

The Wise Business account is tailored for European businesses, offering an efficient and cost-saving alternative to traditional banks, especially for companies dealing with multiple currencies and cross-border payments. Conversions are also done at the mid-market exchange rate. This account includes a host of free business-specific tools to help manage finances, reduce costs, and improve transaction control. You won't find these tools in the personal account.

One App for Personal & Business Needs – No Monthly Fees

One of the biggest advantages of a Wise Business account is its cost-effectiveness over time. Unlike many traditional business accounts that charge monthly fees, Wise Business only requires a one-time registration fee of 50 EUR, or 45GBP if you're UK based.

How this saves you money in the long run for your business?

• No ongoing subscription costs – You won't have to worry about monthly charges eating into your business budget.
• Access to all business features at no extra cost – Enjoy batch transfers, multi-user access, invoicing tools, and API integrations without paying extra fees.
• Pay only for what you use – No hidden charges or forced upgrades to premium plans.
• Low transaction costs – Save on international transfers and conversions, especially when operating across multiple currencies.

By choosing Wise Business, you invest in a one-time setup that keeps saving you money while providing all the tools you need to manage international finances efficiently. 🚀

Key Features of Wise Business in Europe

These are just some of the features that make Wise Business different from the Wise personal account:

• Free invoicing tool: Generate and send invoices directly from your account or download them as PDFs.

• Integration with accounting software: Compatible with Xero, Zoho Books, Odoo, FreeAgent, Fintecture, and more. (QuickBooks is not available in France).

• Wise Business Card: Spend internationally with no hidden fees and manage expenses with limits for team members.

• Wise API: Automate and optimize payment management.

• Multi-user access: Assign different access levels to team members.

• Batch Transfers: Send up to 1,000 payments in a single transaction.

• Payment requests via reusable payment links: Create reusable payment links that your customers can use, even if they don’t have a Wise account. Request payments online from customers near and far. Simply create a payment link, share your payment link by email, text, WhatsApp, or add to your invoice, and receive directly into your Wise account in 8+ currencies.

Wise Business Integrations: Designed for European Markets

Wise Business integrates with various accounting and financial management tools to streamline operations. Personal users won't be able to take advantage of these tools. Some key integrations available in Europe include:

Accounting Software Integrations

Financial & Payment Integrations

Wise Assets in Europe: Earn a Return with Personal & Business Accounts

Wise Assets Europe AS allows both individuals and businesses in Europe to earn returns on EUR, GBP, and USD by investing in a fund that holds government-guaranteed assets. Whether you're looking to grow your personal savings or enhance your business cash flow, Wise Assets provides a flexible, accessible way to make your money work for you.

How Wise Assets Works for Personal & Business Users?

1. Turn on Interest: Your money is invested in an interest-earning fund that holds government-backed assets.
2. Get Gains Daily: Returns are added to your balance every working day, and you can use them instantly.
3. Spend Anytime: Continue to send and spend your money while earning a return—no need to lock funds away.

Example usecases for Wise personal vs business Wise Assets:

• Personal Account: You may want to save up for a vacation, emergency fund, or future investments. By using Wise Assets, you can grow your savings with daily interest while keeping your money accessible for personal expenses.

• Business Account: If you’re a freelancer or business owner, you might use Wise Assets to earn returns on your idle business funds, ensuring your money is working for you before it’s needed for payroll, supplier payments, or operational expenses.

💡 Why separate? Keeping your business and personal savings in different accounts makes it easier for tax reporting, accounting, and financial tracking. Plus, many countries in Europe require businesses to keep separate financial records for compliance.

💡 Growth is not guaranteed, and capital is at risk if governments default or interest rates go negative.

Personal vs. Business Trips: Switch in one-click

Wise accounts are ideal for travel, whether for personal vacations with family or business trips to conferences and events.

Wise Personal for Family Travel 🏖️

• Spend in local currencies: With the Wise Multi-Currency Card, you can pay in over 160 countries at the real exchange rate.

• Hold and convert 40+ currencies: Avoid unnecessary conversion fees by holding multiple currencies in advance.

• Free ATM withdrawals: Withdraw up to 200 EUR per month for free, perfect for handling expenses while traveling.

• Instant spending notifications: Track your expenses in real time through the Wise app.

• Secure transactions: Use Wise virtual cards for safer payments at unfamiliar locations.

Wise Business for Corporate Travel & Events

• Manage team expenses: Issue multiple Wise Business Cards to employees traveling for conferences and meetings.

• Pay for flights, hotels, and services: Book accommodations in local currencies to avoid unnecessary exchange fees.

• Simplified reimbursements: Track all business expenses in one place for easy accounting.

• Batch transfers for event planning: Pay multiple vendors and service providers efficiently.

• Receive payments globally: If you're attending an international event, you can accept payments in 23+ currencies with local account details.

With Wise, both personal and business travelers can enjoy cost-effective, transparent, and secure international spending while avoiding high conversion fees.

Get Started with Wise Business in Europe

If your business operates internationally from Europe, Wise Business is the ideal solution for managing global payments with ease. No appointments or waiting times—open your account entirely online today.

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Easy to set up, easy to use 🚀