OCTIS vs Mercury vs Wise Business for a US company owned from Asia
A US business account against a multi-currency account. Many founders end up using both.
Last checked · 4 sources
Otty's short answer
Mercury is a US business account for a US-formed company: US$0 per month and free USD international wires. Wise Business is a multi-currency account: US$31 one-time, no monthly fee, and currency conversion from 0.23%. Use Mercury to be paid by US customers and Wise to hold and convert other currencies. Many US LLC owners use both.
Side by side
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| What matters | OCTISHong Kong company + OCTIS global plan | Mercury | Wise Business |
|---|---|---|---|
| Set-up fee | Set by our licensed partner; quoted before you commit | US$0 | US$31 one-time |
| Monthly fee | Set by our licensed partner; quoted before you commit | US$0 base plan | None listed |
| Receive USD by wire | Collecting payments via licensed partners | Domestic wires free | US$6.11 per wire or SWIFT |
| Send USD abroad | Sending payments via licensed partners | US$0 USD international wire | Not published on page |
| Currency conversion | Foreign exchange via licensed partners | 1% on non-USD wires | From 0.23% |
| Card foreign-currency fee | Corporate card via licensed partners | 3% on non-USD card use | Varies by transaction |
| ATM withdrawals | Set by our licensed partner; quoted before you commit | Not published | US$250 per month free |
| Company must be US-formed | No, a Hong Kong company | Yes | Not stated on page |
| Savings yield | Not an OCTIS product | Treasury up to 4.25% | Not published |
| Account type | International multi-currency business account via licensed partners | Fintech, partner banks | Multi-currency account |
If you have staff, premises or local sales in this country, its own registration and tax rules still apply. OCTIS can help you arrange them.
Data sources & disclaimer: Comparison data was compiled from publicly available sources — including the competitors' own published pricing and feature pages — captured on 9 November 2026. Figures reflect the typical or advertised pricing at that time and may have changed since; plans, inclusions and prices vary by provider, region and promotion. OCTIS is independent and not affiliated with the named companies; all trademarks belong to their respective owners. This comparison is provided in good faith for general information only and is not professional, legal or financial advice — please verify current details with each provider before deciding.
Which one fits you
OCTIS · Hong Kong company + OCTIS global plan
Choose OCTIS if you want a Hong Kong company with multi-currency banking via licensed partners, plus accounts and CRM in one place.
Mercury
Choose Mercury if you own a US LLC or C-corp and want a free US account for customers and platforms.
Wise Business
Choose Wise Business if you hold several currencies and convert often, or your company is not US-formed.
What the table does not show
Where each one is cheaper
Mercury's banking is free and USD international wires cost US$0, but non-USD wires carry a 1% fee and non-USD card spending carries 3%. Wise charges US$31 once, then US$6.11 to receive a USD wire or SWIFT payment, and converts from 0.23%. If you move large amounts between currencies, the Wise conversion fee is lower. If you only hold and send USD, Mercury costs less.
Why people open both
A US account gives you routing and account numbers that US customers and platforms expect. A multi-currency account lets you receive in other currencies and convert at a lower cost. Mercury says it is a fintech, not an FDIC-insured bank, so read both providers' deposit terms before you hold large balances.
Where OCTIS fits
If you use Mercury for US dollars and Wise for other currencies, you have several statements to reconcile each month. OCTIS bookkeeping for Hong Kong and Malaysian companies reconciles statements from multiple accounts into one set of books. OCTIS is not a bank and holds no money. Ask about 10–30% off your current accounting bill.
Frequently asked questions
Is Wise Business cheaper than Mercury?
For USD only, Mercury is cheaper: US$0 monthly and free USD international wires. For converting currencies, Wise is cheaper: from 0.23% against Mercury's 1% on non-USD wires. Match the account to the money you move.
Can I use Wise instead of a US bank account?
For many online businesses, yes. Wise gives you USD receiving details. Some US platforms and customers still want a US-bank-style account in a US company name, which is where Mercury helps.
Do I need a US company for Mercury?
Yes. Mercury says the company must be formed and registered in the US or a US territory. You do not need to be a US citizen, but Mercury cannot serve founders living in some countries.
What does Wise Business cost per month?
The Wise US page lists a one-time set-up fee of US$31 and no monthly fee. Transfers, conversion and card use are charged separately.
Sources
Checked on the date above. Links open the provider's or regulator's own page.