Compare
Side by side from each provider's own published terms: who can apply, what it costs, the accounts and cards, and how your money is held. Nobody pays to be listed, and Finzil doesn't rate providers.
Equals Money
Payment institution · UK business account
UK business account with a multi-currency IBAN in 37 currencies, payments out in 60, and Mastercard expense cards with spending controls.
Wise Business
E-money institution · UK business account
Multi-currency business account with no monthly fee, the mid-market exchange rate, balances in 40+ currencies and account details in 22.
From the two provider profiles on Finzil, latest check 8 October 2026: each provider's own website, price list and terms.
The short answer
Side by side
A gap means the provider doesn't publish it; ask before you apply.
| The basics | Equals Money | Wise Business |
|---|---|---|
| Account | UK business account | UK business account |
| Provider type | Payment institution | E-money institution |
| Licence | Payment institution in the UK | E-money institution in the UK; also licensed in Belgium, Australia, Brazil and 10 more |
| Licensed company | Equals Money PLC | Wise Payments Limited |
| Headquarters | United Kingdom | United Kingdom |
| Who can apply | Equals Money | Wise Business |
|---|---|---|
| Legal forms | Companies, Sole traders and freelancers, Charities | Sole traders and freelancers, Limited companies, Public companies, Partnerships |
| Businesses not supported | Not published | 31 kinds on its list |
| What it costs | Equals Money | Wise Business |
|---|---|---|
| Monthly fee | Not published | Free |
| Setup fee | Not published | £50 |
| Plans | Business account: custom | Wise Business: free |
| Currency exchange | Not published | From 0.24% |
| Physical card | £10 | £3 |
| Card spending abroad | 0–1.5% | Not published |
| Accounts and payments | Equals Money | Wise Business |
|---|---|---|
| Currencies | 37 | 40+ |
| Local account details | Multi-currency IBAN | GBP, EUR, USD, AUD, CAD, HKD, HUF, NZD, PHP, SGD |
| Payment networks | SEPA, Faster Payments, SWIFT | SEPA, Faster Payments, SWIFT, ACH |
| Cards | Virtual and physical Mastercard | Virtual and physical cards |
| Opening and safety | Equals Money | Wise Business |
|---|---|---|
| Opening time | 3–5 days | 3–5 days |
| Open remotely | Yes | Yes |
| How money is held | Segregated accounts | Segregated accounts |
| TrustpilotThird-party score, shown for reference. Finzil doesn't rank providers by it. | 4.5 from 444 reviews | 4.5 from 302,000 reviews |
From the profiles
Strong points
Watch out for
Strong points
Watch out for
Our view
Finzil's own opinion, kept apart from the facts above.
Equals Money works well for UK businesses that want one multi-currency IBAN and controlled expense cards for a team, and it takes sectors such as iGaming and digital assets seriously. Account and FX prices are quoted, not published, so get them in writing before you commit. It is a UK-centred product; companies from elsewhere should check eligibility first.
Wise Business is the benchmark for cheap, transparent currency conversion, and for many small businesses it is all they need. There is no monthly fee and the pricing is easy to understand. It is not built for higher-risk sectors: crypto, gambling, tobacco, alcohol and adult businesses are excluded.
It depends on how you use the account. Monthly fee: Equals Money not published, Wise free. Currency exchange: Equals Money not published, Wise from 0.24%. Transfers and cards are priced line by line in the table on this page, from each provider's own price list.
Neither is a bank. Equals Money is a payment institution, licensed in the UK. Wise is an e-money institution, licensed in the UK. Equals Money: segregated accounts. Wise: segregated accounts.
Keep comparing
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Read articleOne Finzil profile
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How this page is built: every row comes from the two provider profiles on Finzil, which are taken from each provider's own website, price list and terms (latest check 8 October 2026). Prices and rules change; check them with the provider before you apply. Meeting a provider's published rules does not mean it will approve a particular application. General information, not legal or financial advice.
