OCTIS vs Revolut Business vs Wise Business in the UK
A monthly plan with allowances, or pay-as-you-go. Which costs less depends on how many payments you make.
Last checked · 7 sources
Otty's short answer
Choose Wise Business if you send money abroad often and want no monthly fee, only £50 once. Choose Revolut Business if you make few payments, want a UK-regulated account with cards and savings, and can use a monthly plan's allowances. Revolut starts at £10 per month on Basic. Wise charges from 0.24% per transfer.
Side by side
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| What matters | OCTISHong Kong company + OCTIS global plan | Revolut Business | Wise Business |
|---|---|---|---|
| Monthly fee | Set by our licensed partner; quoted before you commit | £10 / £35 / £125 | £0 |
| Set-up fee | Set by our licensed partner; quoted before you commit | Not published | £50 one-time (Advanced) |
| FX / conversion | Foreign exchange via licensed partners | Free to allowance, then 0.6% | From 0.24% |
| Out-of-hours FX | Set by our licensed partner; quoted before you commit | Extra 1% out of hours | No surcharge listed |
| International transfer | Sending payments via licensed partners | £5 beyond plan allowance | From 0.24% of amount |
| Local UK transfer | Set by our licensed partner; quoted before you commit | 10 free (Basic), then £0.20 | Not published here |
| Receive GBP, EUR, USD | Collecting payments and multi-currency account via licensed partners | Free for GBP, USD, EUR, CHF | Free local; wire fees apply |
| USD wire received | Set by our licensed partner; quoted before you commit | Up to £8 by plan | US$6.11 per payment |
| ATM withdrawals | Set by our licensed partner; quoted before you commit | 2% fee | Free to £250 a month |
| Currencies held | Multi-currency; ask OCTIS for the currency list | Up to 30 | 40+ |
| Regulation | OCTIS is not a bank; accounts sit with licensed partners | UK bank, FSCS to £120,000 | FCA e-money, safeguarded |
| Company from Hong Kong or Malaysia | A Hong Kong company is the OCTIS route; account opening via licensed partners | Not confirmed, check list | Business accounts licensed in HK, MY |
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 hold and move money in several currencies and want your account next to your company, accounts and CRM.
Revolut Business
Choose Revolut Business if you make few payments, want a UK-regulated account, cards and savings in one app, and your company sits in a supported country.
Wise Business
Choose Wise Business if you pay suppliers abroad often, hold many currencies and want no monthly plan.
What the table does not show
How the pricing models differ
Revolut sells plans. Basic is £10, Grow is £35 and Scale is £125 per month on monthly billing, per Revolut's February 2026 guide, with lower prices on annual billing (its main page shows 'from' £30 and £90 for Grow and Scale). Check the live UK page. Each plan includes some free local transfers and an interbank FX allowance, then charges 0.6%. Wise has no monthly fee and charges per payment: conversion from 0.24%, and a one-time £50 fee for the Advanced account that adds local account details in several currencies. Volume discounts start above £20,000 a month.
Protection and regulation
Wise Payments Ltd is authorised by the FCA as an e-money institution, so funds are safeguarded. A Wise-published comparison says Revolut Bank UK received a full UK banking licence in March 2026, with eligible deposits protected by the FSCS up to £120,000. We could not read Revolut's own page, so confirm the status on Revolut's site. Wise is a competitor of Revolut, which is why that source is flagged.
Asia-based companies
Revolut says the applicant company must be registered in a supported country and show a physical presence there, and one third-party review says Hong Kong companies are not accepted. Check Revolut's eligibility list for your country before you apply. Wise holds licences for business accounts in Hong Kong and Malaysia, per a Statrys review. Whether a Hong Kong or Malaysian company can get GBP account details depends on Wise's current rules, so check inside the app.
Where OCTIS fits
Whichever account you open, your books still need doing. OCTIS bookkeeping can reconcile statements from a UK Revolut or Wise account alongside your Hong Kong or Malaysian bank accounts, and the built-in CRM keeps UK customers and invoices in one place. OCTIS is not a bank and holds no money. Moving your accounting work to OCTIS can take 10–30% off your current bill.
Frequently asked questions
Is Wise Business cheaper than Revolut Business?
For frequent international payments, usually yes, because there is no monthly fee and conversion starts at 0.24%. For businesses that make few payments, Revolut's Basic plan at £10 per month can be cheaper once its free allowances cover your use.
Does Revolut Business charge a monthly fee?
Yes. Basic is £10, Grow is £35 and Scale is £125 per month on monthly billing. Annual billing lowers the price. Enterprise is custom. Some sources quote £30 and £90 for Grow and Scale on annual billing.
Is my money safe in Wise or Revolut?
Wise safeguards customer funds as an FCA-authorised e-money institution, which is not the same as FSCS protection. A Wise comparison reports Revolut Bank UK gained a UK banking licence in March 2026 and offers FSCS cover to £120,000. Check each provider's current terms.
Can a Hong Kong company open a Revolut Business account?
Revolut requires the company to be registered in a supported country. A third-party review says Hong Kong companies are not eligible, but we could not confirm this on Revolut's own list. Check Revolut's eligible countries page before you apply.
Sources
Checked on the date above. Links open the provider's or regulator's own page.