Veem vs Wise Business (2026): which should you pick?
As of Nov 13, 2026, Veem and Wise Business share a 2.2 GPA, and only Veem has a free plan.
Checked Nov 13, 2026 · graded Nov 13, 2026 by ToolGPA
Veem grades higher on the free plan. Wise Business grades higher on value for money and features. They get the same grade on ease of use and platforms.
Price, platforms and features side by side. The table says where each price was read and when.
Veem
Cross-border and domestic business payments with a wallet
Free plan · from $24.99/mo
Wise Business
Multi-currency business account for international payments
From $31 one-time
Which one is for you
Pick Veem if
- Fits if you pay overseas suppliers or contractors by wire, check or card
- Works for businesses that want a virtual card and a multi-currency wallet
Look elsewhere if
- Tight if you stay on Basic: US and Canada bank transfers cost $1 each
- Pricey if you pay by card, at 3.5% with a $3.50 minimum on business US credit cards
- Watch out: mass pay, user roles, reminders and accounting integrations need Premium
- Watch out: Veem's main site showed a bot check, so these prices come from its help center pages dated 2025
Pick Wise Business if
- Fits if you pay suppliers or contractors abroad and want to see the fee before sending
- Works for businesses that get paid in several currencies and want local account details
Look elsewhere if
- Skip it if you want a monthly flat price, as fees depend on the currency and amount
- Tight if you receive USD wires or Swift payments: each costs a fixed $6.11
- Pricey if you use ATMs a lot: free up to $250 a month, then $1.95 plus 1.95% each
- Watch out: Wise says it isn't an FDIC-insured bank, and pass-through cover applies only to interest-earning funds
- Watch out: a volume discount only starts once conversions pass $25,000
How we grade them
| 2.2GPAVeemFair | 2.2GPAWise BusinessFair | |
|---|---|---|
| Value for money | CPremium is $24.99 a month ($34.99 CAD). That's between the expense category's middle at $12 and its dearer quarter at $29.90, and each payment carries its own fee on top. | BA $31 one-time set-up fee is under a year of the category's middle subscription, but the fees on every transfer and conversion are where the real cost sits. |
| Free plan and trial | CBasic is free, but US and Canada bank transfers cost $1 each and card payments cost 3.5%. New users get Premium free for 30 days. | FNo free plan or trial. Opening the account is free, but account details in 22 currencies need the $31 fee. |
| Features | CInternational payments, a virtual bank account and wallet, a virtual card, invoicing and recurring payments. Mass pay, user roles and accounting integrations need Premium. | BInternational transfers, account details in 22 currencies, team cards, accounting sync and interest on balances. Nothing in the listing shows a gap in the core work. |
| Ease of use | CNo store rating on record. You set up a business account and add payees. | CNo store rating on record. You open the account, verify the business and set up currencies. |
| Platforms and integrations | BWeb, with QuickBooks, NetSuite, Xero and Zapier. No phone or desktop app listed. | BWeb, iPhone and Android, with QuickBooks, Xero and Sage. No desktop app. |
| Best for | sending business payments across borders | paying and getting paid in other currencies |
The GPA is the average of the five grades: an A is 4 points, an F is none. The full reasons are on each tool's page: Veem and Wise Business. How we grade
Where they differ
- Veem also covers workflow automation, invoicing and bill pay.
In commonWebCompany cards
At a glance
| Veem | Wise Business | |
|---|---|---|
| Pricing | Free plan | Paid |
| Starts at | $24.99 per month | $31 one-time set-up fee, then per-transaction fees |
| Free plan | Basic plan: free platform fee, but domestic bank transfers cost $1 each and some features are Premium only. | None |
| Free trial | New users get Premium free for 30 days (users who joined on or after Jan 1, 2025). | None listed |
| Web | ||
| iOS | ||
| Android | ||
| Made by | Veem | Wise Payments Limited |
| Price read from | help.veem.com | wise.com |
| Checked | Nov 13, 2026 | Nov 13, 2026 |
Worth knowing
Veem
- Veem's main site returned a bot check when read, so prices and fees come from its help center pages, which date from 2025 updates.
- Per-payment fees apply: business US credit card payments cost 3.5% (minimum $3.50), and same-day bank transfers cost 0.5%.
- Basic-plan bank transfers cost $1 each, and Basic users paying by card pay 3.5%.
- Several features, including mass pay, user roles and accounting integrations, need Premium.
Wise Business
- Wise says it is not an FDIC-insured bank; pass-through FDIC cover of up to $250K applies only to interest-earning funds held at program banks.
- Receiving a USD wire or Swift payment costs a fixed $6.11; domestic non-wire payments in nine currencies are free.
- ATM withdrawals are free up to $250 a month; after that each one costs $1.95 plus 1.95%.
- Sending and converting fees differ by currency, and a volume discount starts once conversions pass $25,000.
Key features
Veem
- International payments
- Send by international wire in local currency, by bank transfer, by check in the US, or by card, in 1 to 6 business days depending on the country.
- Virtual bank account and wallet
- A local bank account in your name and a wallet that holds funds in up to 15 currencies, with FDIC insurance as described in the help center.
- Virtual card
- A virtual card for spending funds, which the help center says is accepted by over 150 million merchants.
- Invoicing and recurring payments
- Request payments, create invoices and schedule recurring payments and invoices, with payment tracking and reports.
- Accounting integrations
- Premium syncs and reconciles payments with bookkeeping partners and supports Zapier, QuickBooks, NetSuite and Xero.
Wise Business
- International transfers
- Send money to other countries with fees that vary by currency and start from 0.23%. The site says BatchTransfer can pay up to 1,000 contractors at once.
- Account details in 22 currencies
- Receive payments from abroad in USD, EUR, GBP and other currencies. Receiving USD wire and Swift payments carries a fixed fee.
- Multi-Currency Cards for the team
- Physical and digital cards for staff, with custom spending permissions and team access settings.
- Accounting software sync
- Connects the account to accounting software, including QuickBooks, Xero and Sage Business Cloud Accounting, for reporting in each currency.
- Interest on balances
- An opt-in feature that pays a variable rate on USD, GBP and EUR balances. The page quotes 3.4% variable APY on USD.
Plans
Veem
Basic$0
Pay and get paid by international wire, check, card and wallet, with recurring payments and invoices. No free bank transfers in the US and Canada.
Premium$24.99
per month
Adds free ACH/EFT bank transfers in the US and Canada, mass pay, user roles, payment reminders and accounting integrations. $34.99 CAD for Canadian clients.
Wise Business
Wise Business account$31
one-time set-up fee
Opening the account is free; the one-time fee unlocks account details in 22 currencies. Transfers and conversions are charged per use.
Common questions
Which is cheaper, Veem or Wise Business?
As of Nov 13, 2026, Veem starts at $24.99 per month, and Wise Business starts at $31 one-time set-up fee, then per-transaction fees.
Which has a free plan, Veem or Wise Business?
As of Nov 13, 2026, only Veem has a free plan. Wise Business does not.
Which platforms do Veem and Wise Business run on?
As of Nov 13, 2026, only Wise Business lists iOS and Android apps. Both list a web app. A platform missing from a listing is one its maker's pages did not mention.
More comparisons
How this page was made
- The verdict at the top follows a fixed rule. When both tools are in the same category and either is in our top three for it, the verdict follows that ranking: the higher-placed tool is our pick. The top three weigh who each tool suits as well as its grades, so a pick can go against the GPA. Otherwise the page does not pick one and says which grades higher: the higher GPA first; on a tie, the one with a free plan, then the one that starts cheaper in dollars a month, counted the same way for both; if they are still level, what the choice depends on.
- The grades are our own, from each tool’s review or report card. The GPA is their average.
- Prices, plans and platforms come from each tool’s listing. The table above says where each price was read and when.
- The differences and the answers to the questions are worked out from those listings.