Is Wise or SumUp Business Account better for your small business?
Below we look at both Wise and SumUp Business Account reviews on Trustpilot along with their App reviews from Apple and Google.
We then look at typical fees, business savings rates, foreign currency options and a whole bunch of other account features to help you make up your mind.
Wise vs SumUp Business Account Trustpilot Reviews
| Wise | SumUp Business Account | |
| Trustpilot Review Score (out of 5) | 4.2 | 4.2 |
| Percent 5-Star Reviews | 83% | 64% |
| Percent 1- Star Reviews | 7% | 22% |
| Total Number of Reviews | 207,506 | 18,247 |
https://www.trustpilot.com/review/wise.com
https://www.trustpilot.com/review/sumup.com
Wise vs SumUp Business Account App Reviews
| Wise | SumUp Business Account | |
| iPhone Review Score (out of 5) | 4.8 | 4.8 |
| Number of iPhone Reviews | 85,400 | 12,400 |
| Android Review Score (out of 5) | 4.8 | 4.7 |
| Number of Android Reviews | 762,000 | 84,500 |
https://apps.apple.com/gb/app/wise/id612261027
https://apps.apple.com/gb/app/sumup/id514879214
Wise vs SumUp Business Account Account Fees & Charges
| Wise | SumUp Business Account | |
| Free Business Bank Account | No | Yes |
| Free Business Account Term Length | NA | No Limit |
| Cheapest Monthly Account Fee | Free | No |
| Most Expensive Monthly Account Fee | Free | No |
| Electronic Payment Cost (in/out) | 0.42% | Free |
| Cash Payments Cost (in/out) | 2% / 1.75% | Free |
| Cheques (in/out) | Unknown | Free |
| CHAPS Payments Cost | £25 | No |
| SEPA Payments Cost | No | No |
Wise vs SumUp Business Account Business Savings Rates
| Wise | SumUp Business Account | |
| Types of Business Savings Accounts | BlackRock ICS Sterling Government Liquidity Fund | None |
| Lowest Savings Rate (AER) | 4.67% | NA |
| Maximum Savings Rate (AER) | 4.67% | NA |
| Minimum Savings Amount | £1 | NA |
| Interest Paid On Foreign Currencies | Yes | No |
Wise vs SumUp Business Account Account Opening Times
| Wise | SumUp Business Account | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 2 Working days | 10 minutes |
| Do They Check Your Credit? | No | Yes |
| Current Account Switch Service | No | No |
Wise vs SumUp Business Account Features & Account Types
| Wise | SumUp Business Account | |
| Business Current Account | Yes | Yes |
| Business Savings Account | No | No |
| Business Credit Card | No | No |
| Business Overdraft | No | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | No | No |
| Card Type | Visa/Mastercard | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | None, online only | None, online only |
Wise vs SumUp Business Account Customer Support Options
| Wise | SumUp Business Account | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | No |
Wise vs SumUp Business Account Foreign Currency Accounts
| Wise | SumUp Business Account | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From Wise and SumUp Business Account
| Wise | SumUp Business Account | |
| Business Loans | No | No |
| Commercial Mortgages | No | No |
| Invoice Financing | No | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | No | Yes |
| Free Accounting Software | Yes | No |
Wise vs SumUp Business Account Banking Basics
| Wise | SumUp Business Account | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | No, unless money is held in assets | No |
| FCA Number | 900507 | 900700 |
| Website | Wise Website | SumUp Business Account Website |
Common Comparison Questions
Does Wise or SumUp Business Account have better customer reviews?
Wise scores 4.2 out of 5 based 207,506 Trustpilot reviews. Of these reviews 83% are 5-star and 7% are 1-star.
Whereas, SumUp Business Account scores 4.2 out of 5 based 18,247 Trustpilot reviews. Of which 64% are 5-star and 22% are 1-star.
Does Wise or SumUp Business Account have a better App?
Wise’s iPhone App is rated 4.8 out of 5 based on 85,400 reviews. And it’s Android App is rated 4.8 out of 5 based on 762,000 reviews.
In comparison, SumUp Business Account’s iPhone App is rated 4.8 out of 5 based on 12,400 reviews. And it’s Android App is rated 4.7 out of 5 based on 84,500 reviews.
Does Wise or SumUp Business Account have better business savings rates?
Wise offers the following types of business savings accounts: BlackRock ICS Sterling Government Liquidity Fund with interest rates ranging from 4.67% to 4.67%. (AER)
In contrast, SumUp Business Account offers None accounts with interest rates ranging from NA to NA (AER).
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For other business bank accounts see our guide here.