American Express Business Checking vs Wise Business: which one fits your business?
Side-by-side comparison of American Express Business Checking and Wise Business — fees, features, ease, support, and which one fits your business. Scored on the same rubric.
Short answer: Wise Business wins on our scorecard (7.8/10 vs 7.7/10).
| Scored on | American Express Business Checking | Wise Business |
|---|---|---|
| Right fit for small biz | 7 | 8 |
| Ease of use | 8 | 7 |
| Fees & pricing | 9 | 9 |
| Customer support | 7 | 6 |
| Features | 7 | 8 |
| Monthly Maintenance Fee | $0 | — |
| Domestic ACH | $0 | — |
| Incoming Wires | $0 | — |
| Minimum Opening Deposit | $0 | — |
| Account Opening | — | $31 |
| Monthly Fee | — | $0 |
| Currency Conversion | — | From 0.43% |
| Receive USD Wires | — | $4.14 |
| Send USD Wires | — | $6.11 |
American Express Business Checking in one paragraph
A powerhouse for existing Amex loyalists who want to earn passive interest on their cash without the headache of monthly maintenance fees.
Skip it if: You need to deposit physical cash regularly or require Zelle to pay your contractors.
Wise Business in one paragraph
The most cost-effective way for global-facing small businesses to move money across borders without the typical 3% bank markup.
Skip it if: You only do business within the U.S. and need to deposit physical cash at a branch.
Frequently asked questions
Which is better, American Express Business Checking or Wise Business?
On our five-axis scorecard, Wise Business scores higher (7.8/10 vs 7.7/10). The most cost-effective way for global-facing small businesses to move money across borders without the typical 3% bank markup.
Who should skip American Express Business Checking?
You need to deposit physical cash regularly or require Zelle to pay your contractors.
Who should skip Wise Business?
You only do business within the U.S. and need to deposit physical cash at a branch.