8 Best Banks for International Business 2024

The best bank for international businesses should let you send payments overseas to numerous countries in multiple currencies for a reasonable fee. They should support your business when conducting business or traveling abroad. Some of them will also allow you to send currencies in as little as one business day, while others will open foreign accounts in local currencies to save you time and money when conducting international business.

Here are the eight best banks for international business, with links directly to the provider websites:

• Bank of America Member Federal Deposit Insurance Corp. (FDIC) Best overall for overseas payments and international currency orders
• Bluevine Provider is a financial technology (fintech) platform backed by and FDIC-insured through a supporting bank partnership with Coastal Community Bank. : Best business checking account for earning interest with no monthly fees
• Chase Member FDIC : Best for small business banking tools and premium checking
• Novo Provider is a fintech platform backed by and FDIC-insured through a supporting bank partnership with Middlesex Federal Savings. : Best digital-only bank for international ATM fee refunds and rapid access to funds
• Relay Provider is a fintech platform backed by and FDIC-insured through a supporting bank partnership with Thread Bank. : Best for businesses needing multiple accounts and debit cards
• Wise Provider is a fintech platform backed by and FDIC-insured through a supporting bank partnership with JP Morgan Chase. Funds held outside of the United States may not necessarily be insured against loss. See the provider's website for more information. : Best low-cost international transfers via local accounts
• Revolut Provider is a fintech platform backed by and FDIC-insured through a supporting bank partnership with Community Federal Savings Bank (CFSB) and Sutton Bank, Members FDIC. : Best for spending funds in multiple currencies
• Rho Provider is a fintech platform backed by and FDIC-insured through a supporting bank partnership with Webster Bank. : Best flat-rate pricing for foreign exchange transfers

Featured Partner Bluevine has paid for this placement. However, our team of experts approved Bluevine as an appropriate product and our content remains editorially independent.
Earn up to 4.25% APY with Bluevine Business Checking
Unlimited transactions, no overdraft fees, and no fees on ACH & incoming wires Add up to 5 sub-accounts, each with unique account numbers Earn a $300 cash bonus. Terms apply How to earn the bonus: To earn the $300 bonus, customers must apply for a Bluevine Business Checking account anytime between now and 12/31/2024 using the referral code above. After opening the account, customers must add funds within 30 days, then meet at least one of the following eligibility requirements every 30 days for the next 90 days from account funding: Deposit at least $5,000 from eligible merchant services to your Bluevine account, Make at least $5,000 of outbound payroll payments from your Bluevine account using eligible payroll providers, or Spend at least $2,000 with your Bluevine Business Debit Mastercard® and/or Bluevine Business Cashback Mastercard® FDIC coverage up to $3 million Visit Bluevine

Best Banks for International Business at a Glance

	Account Name	Monthly Fee	Free Monthly Transactions	Number of Countries to Send Money	Number of Currencies
	Business Advantage Fundamentals Banking	$16; waivable	200	233	150
	Visit Bank of America
	Bluevine Standard	None	Unlimited	32	15
	Visit Bluevine
	Business Complete Banking	$15; waivable	20	Over 160	Over 120
	Visit Chase
	Business Checking	None	Unlimited	Over 150	50
	Visit Novo
	Relay Standard	None	Unlimited	Over 180	32
	Visit Relay
	Business Checking	None; $31 fee to open account	Unlimited	80	Add money: 23 Hold and convert: 51
	Visit Wise
	Basic Business Account	None	Unlimited	Over 100	Over 25
	Visit Revolut
	Business Checking	None	Unlimited	Over 200	32
	Visit Rho

Bank of America: Best Overall for Overseas Payments & International Currency Orders

What We Like

• Sends payments to 233 countries in 150 currencies
• Can ship foreign currencies ordered by 2 p.m. local on the same day
• Allows 200 free transactions per month

Drawbacks

• Charges cash deposit fees per $100 over monthly allowance
• Doesn’t offer ATM fee reimbursements
• Requires a $100 opening deposit

Read our Bank of America business checking review

Features

• Ability to deposit checks, view accounts, make transfers, and pay bills with the mobile app
• Credit card processing and payroll services through ADP
• Cash Flow Monitor®, a cash management tool, that lets you connect accounting, analytics, and payroll apps to help you make business decisions
• Option for you to check your business credit score through a partnership with Dun & Bradstreet (see our guide on the Dun & Bradstreet Credit Report to learn more)
• Integrations with QuickBooks, TurboTax, and Zelle
• Customer service during business hours in branch and via phone or social media messages
• Other products such as business savings, merchant services, certificates of deposit (CDs), lending products, and financial analysis through Merrill financial advisor

Read our Bank of America business checking review

Visit Bank of America

Bank of America Business Advantage Fundamentals Banking Terms

Required Opening Deposit	$100
Required Balance Minimum	None
Transaction Limit Before Fees	200, then 45 cents per item
Monthly Fees	$16; waivable if conditions are met
Domestic Wire Transfer Fees	Fee varies
International Wire Transfer Fees	Fee varies
ATM Fees	None at over 15,000 ATMs nationwide; $2.50 per transaction on out-of-network ATMs
Cash Deposited	Up to $7,500 per month free, then 30 cents per $100 per statement cycle
APY	N/A

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International Payment Information

Bank of America allows you to send payments to 233 countries in 150 currencies. For complete details on sending funds, see Bank of America’s International Wire Information, and search for the country where you plan to send money.

In addition, you can order foreign currency directly from the bank. If the order is placed by 2 p.m. local time, it will ship the same day. Fees and details are as follows:

• Standard delivery (one to three business days Allow 2 to 3 additional business days for orders shipped to Alaska or Hawaii. ): $7.50 (standard delivery is free for orders $1,000 and up)
• Overnight delivery Overnight shipping to Hawaii and Alaska cannot be guaranteed. (order by 2 p.m.): $20
• Because it does not stock inventories of foreign currency at financial centers, delivery charges apply to orders picked up at a financial center as well as to orders—under $1,000 United States dollars (USD)—sent to your account address.

Your order must be picked up at a financial center for the following cases:

• It is more than $1,000 USD.
• You are a new customer (less than 30 days).
• Your address changed in the last 30 days.

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When to Choose Bank of America

• You need to send payments around the world in multiple currencies: With the ability to send payments to more than 230 countries in 150 currencies, Bank of America is our choice for the best bank for international businesses. If you order foreign currency from the bank before 2 p.m. local time, it will ship the same day. Overnight deliveries cost $20, while standard delivery is $7.50 with currency delivered in one to three business days Allow 2 to 3 additional business days for orders shipped to Alaska or Hawaii. .
• You want a business bank account with outstanding ongoing rewards: With its Preferred Rewards for Business program, you can earn 25% to 75% bonus rewards on credit cards and get up to 20% rate boosts on business savings accounts. Bank of America also offers sign-up bonuses ranging from $100 to $500 if qualifications are met. For specific qualifications, see our guide to the best business bank account promos.
• For businesses that might need to access funds via an ATM during overseas travel: Bank of America’s partner banks will allow you to avoid the $5 out-of-network international ATM fee. It’s one of the reasons why Bank of America is one of our best small business checking accounts.

Bluevine: Best Business Checking Account for Earning Interest With No Monthly Fees

What We Like

• $300 sign-up bonus for new business checking account holders (use referral code: FSM300) How to earn the bonus: To earn the $300 bonus, customers must apply for a Bluevine Business Checking account anytime between now and 12/31/2024 using the referral code above. After opening the account, customers must add funds within 30 days, then meet at least one of the following eligibility requirements every 30 days for the next 90 days from account funding: Deposit at least $5,000 from eligible merchant services to your Bluevine account, Make at least $5,000 of outbound payroll payments from your Bluevine account using eligible payroll providers, or Spend at least $2,000 with your Bluevine Business Debit Mastercard® and/or Bluevine Business Cashback Mastercard®
• Offers interest-earning checking on balances up to $250,000
• Can send payments to 32 countries in 15 currencies
• Has an excellent line of credit product
• Has unlimited 1.5% cash back on business Mastercard

Drawbacks

• Lacks savings, money market, and CD accounts
• Lacks physical branch locations
• Requires fee for depositing cash

Read our Bluevine business checking review

Features

• No monthly maintenance fee
• No minimum balance requirement
• Free debit card and two free checkbook orders per year
• Integration with QuickBooks, Wave, and Xero
• Ability to connect with business payment solutions, including Wise, Venmo, Expensify, Cash App, and Square
• Up to five subaccounts and shared account access
• Reduced standard payment fees for premium plans
• Live customer support from dedicated professionals
• Line of credit and credit card product offered

Read our Bluevine business checking review

Visit Bluevine

Bluevine Standard Checking Terms

Required Opening Deposit	None
Required Balance Minimum	None
Transaction Limit Before Fees	Unlimited
ACH Fees	None
Monthly Fees	None
Domestic Wire Transfer Fees	Incoming: $0 Outgoing: $15
International Wire Transfer Fees	Incoming: $15 Outgoing (USD): $25  Outgoing (non-USD): $25 plus 1.5%
ATM Fees	None at MoneyPass locations nationally; $2.50 plus operator fees for nonnetwork ATM use
Cash Deposited	$1 fee per deposit plus 0.5% of deposit amount at Allpoint+ ATMs $4.95 fee per deposit, available through GreenDot retail locations
APY	1.5% on qualifying balances up to $250,000
Bluevine is a business fintech platform backed by FDIC-insured Coastal Community Bank.

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International Payment Information

Country	Currency
United Kingdom	GBP - British pound; USD
China	CNY - Chinese Yuan, USD
Mexico	MXN - Mexican peso; USD
Canada	CAD - Canadian dollar; USD
India	INR - Indian rupee; USD
Israel	ILS - Israel new shekel; USD
Japan	JPY - Yen; USD
Switzerland	CHF - Swiss franc; USD
Philippines	PHP - Philippine peso; USD
Australia	AUD - Australian dollar; USD
Denmark	DKK - Danish krone; USD
Thailand	THB - Thai baht; USD
Sweden	SEK - Swedish krona; USD
Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, and Spain	EUR - euro; USD

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When to Choose Bluevine

• You want an online interest-earning business checking account with international payment support: With interest-bearing checking and the ability for customers to send international payments, Bluevine is a great choice for international business customers. You can earn 1.5% APY with Bluevine Standard checking on qualifying deposits. In addition, Bluevine allows you to directly send international business payments to 32 countries in 15 currencies from your Bluevine dashboard.
• You need those international payments received in as little as 24 hours: Payments are sent out between 8 a.m. and 5 p.m. Eastern time and can be received in as fast as 24 hours. Payments sent in USD cost $25 per payment, while payments sent in other currencies cost $25 plus 1.5% of the payment amount.
• You want the option of a premium account with higher interest earning: The Bluevine Premier checking account offers a 4.25% APY on balances up to $3 million. Its monthly fee of $95 can be waived by having a minimum balance of $100,000 and spending $5,000 via your Bluevine debit card or credit card. Premier account status also provides reduced fees for same-day ACH and domestic and international wire transfers.

Chase: Best for Small Business Banking Tools & Premium Checking

What We Like

• Can send payments to over 160 countries in more than 120 currencies
• Requires no fee on consumer online foreign currency international wire of greater than $5,000 USD
• Offers up to $300 welcome bonus for new accounts

Drawbacks

• Has limited number of free transactions
• Does not reimburse ATM fees
• Requires much higher fees for some wires; may not have favorable exchange rate on free wires

Read our Chase Business Complete Banking review

Features

• Ability to manage debit, deposit, and ATM card settings for individual employees
• Ability to deposit checks, view account balances, pay bills, and make transfers through the mobile app
• Integration with QuickBooks and other leading accounting software
• Built-in card acceptance with QuickAcceptSM via the Chase Mobile® app
• Free debit card, mailed within 10 business days of application approval
• Chase Payment Solutions
• Live customer support online or in branch during business hours
• Other products such as business savings, CDs, lending products, credit cards, merchant services, and collection services

Read our Chase Business Complete Banking review

Visit Chase

Chase Business Complete Banking Terms

Required Opening Deposit	None
Required Balance Minimum	None
Transaction Limit Before Fees	20, then 40 cents per transaction
ACH Fees	$2.50 per item for first 10 payments & 15 cents for succeeding payments   1% of transaction for same-day ACH or $25 per transaction, whichever is less.
Monthly Fees	$15; waivable if conditions are met
Domestic Wire Transfer Fees	Incoming: $15 Outgoing: Up to $35
International Wire Transfer Fees	Incoming: $15 Outgoing: Up to $50
ATM Fees	$3 at non-Chase ATMs, plus ATM operator fees
Cash Deposited	$5,000 free per month, then $2.50 per $1,000
APY	N/A

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International Payment Information

Chase, through JP Morgan, allows you to send payments to more than 160 countries in over 120 currencies. For complete details on sending funds, see JP Morgan’s Global Payments Guide, and search for the country where you plan to send money.

• Online wires sent to a bank outside the US in foreign currency have no Chase wire fee for amounts of $5,000 USD or more, only a $5 Chase wire fee for amounts below $5,000 USD.
• Wire funds on the go using the Chase Mobile® app or chase.com.
• Send from your Chase checking account.
• Access up to 13 months of outgoing wire transfer history.
• Save details of frequent payees for future transfers.
• Send transfer requests anytime.
• Transfer requests that are initiated by 4:00 p.m. Eastern time for Personal accounts and 5:00 p.m. ET for Business accounts begin processing the same business day.

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When to Choose Chase

• You need to send international payments to more than 160 countries: Chase is another great option for international business thanks to the ability to send money to over 160 countries in more than 120 currencies. Chase offers slightly fewer options than Bank of America, which is why Bank of America edges Chase for international businesses.
• You want free online wires for transactions over $5,000: Chase online wires sent to a bank outside the US in a foreign currency have no Chase wire fees for amounts of $5,000 or more. If the amount of the wire is less than $5,000, a $5 Chase fee applies. Traditional wires are more expensive, so consider an online wire when sending money overseas.
• You want three great business checking options: The bank has three excellent business checking products, all with a waivable monthly fee if specific criteria are met: Business Complete Banking, Performance Business Checking, and Platinum Business Checking. You can read our comparison of Chase’s business checking accounts to see which best suits your needs.

Novo: Best Digital-only Bank for International ATM Fee Refunds & Rapid Access to Funds

What We Like

• Has zero maintenance fees
• Refunds up to $7 in ATM fees monthly, both domestic and international
• Allows faster access to your funds via Novo Boost and Express ACH

Drawbacks

• Can not deposit cash directly
• Doesn’t earn interest through the Checking account
• Has conflicting information about how many countries and currencies are available for international payments

Read our Novo business checking review

Features

• Integration with other business tools, such as QuickBooks, Slack, Xero, Stripe, Square, PayPal, Wise, and Shopify
• Ability to set aside funds for taxes and other large business expenses with Novo Reserves
• Ability to deposit checks directly through the mobile app
• Online banking that includes unlimited invoicing and bill pay
• Faster access to funds via Novo Boost in coordination with Stripe
• Ability to accept or receive same-day ACH payments through Express ACH
• Virtual debit card available immediately, one free physical debit card per user
• Ability to send paper checks straight from the app
• Live customer support from dedicated professionals
• Merchant cash advance through Novo Funding

Read our Novo business checking review

Visit Novo

Novo Business Checking Terms

Required Opening Deposit	None
Required Balance Minimum	None
Transaction Limit Before Fees	Unlimited
ACH Fees	$0 for regular ACH; 1.5% of the transaction amount for Express ACH
Monthly Fees	None
Domestic Wire Transfer Fees	None to receive; cannot send wires domestically but can send fee-free ACH transfers
International Wire Transfer Fees	None to receive, Novo partners with Wise to send international wires for a “low” fee
ATM Fees	None; refunds third-party ATM surcharges up to $7 monthly
Cash Deposited	None; money orders can be purchased and deposited through the app
APY	N/A
Novo is a business fintech platform backed by FDIC-insured Middlesex Federal Savings.

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International Payment Information

Novo partnered with Wise for international wire transfers. See our section on Wise for details.

In addition, Novo refunds up to $7 in ATM fees each month, including international ATM fees.

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When to Choose Novo

• You withdraw funds from ATMs frequently, including internationally: While Novo’s biggest selling point is the ability to send and receive payments faster than most providers, a bonus of the digital-only neobank is ATM fee reimbursement. It refunds up to $7 monthly, including international ATM fees. This helps you save when you withdraw funds abroad. It is one of the reasons why Novo is in our roundup of the best business bank accounts for sole proprietors.
• You need to send international payments: For businesses sending international wires, Novo partners with Wise for low-fee transfers overseas. You can read more about Wise in its section, which comes later in this buyer’s guide. Novo claims that you can send money to over 150 countries in 50 currencies. However, Wise allows its customers to send payments to 80 countries, so this may be the same for Novo.
• You want to send and receive funds faster than with other providers: Novo is part of our list of the best online business banks for its two outstanding services that help you get paid and make payments faster. Novo Boost lets you accept payments from popular online payment processors and receive payments faster than other fintechs on this list, while Novo’s Express ACH enables you to accept or send same-day ACH payments.

Relay: Best for Businesses Needing Multiple Accounts & Debit Cards

What We Like

• Has no minimum balance or opening deposit required
• Offers very inexpensive wire transfers that are free with Relay Pro
• Has no ATM fees charged by Relay, although third-party fees may apply out of network

Drawbacks

• Lacks physical locations
• Lacks interest-bearing checking
• Lacks lending products

Read our Relay business checking review

Features

• Fee-free online banking and money management platform
• Ability to open up to 20 individual business checking accounts
• Ability to issue up to 50 Visa debit cards
• Savings accounts with APY of 1% to 3%
• Cash deposits free at Allpoint+ ATMs
• Deposit cash at over 90,000 Green Dot retail locations (fee applies)
• Ability to send and receive ACH transfers, checks, and wires
• Ability to collect payments from PayPal, Stripe, Square, and more
• Accounting software integrations with QuickBooks, Xero, and Plaid
• Ability to send checks on users’ behalf for free; third-party checks unavailable
• Relay Pro account available, which offers same-day ACH delivery, free wire transfers, and accounts payable support

Read our Relay business checking review

Visit Relay

Relay Standard Business Checking Terms

Required Opening Deposit	None
Required Balance Minimum	None
Transaction Limit Before Fees	Unlimited
Monthly Fees	None
Domestic Wire Transfer Fees	$0 for incoming; $5 for outgoing
International Wire Transfer Fees	$0 for incoming; $10 for outgoing
ATM Fees	None at Allpoint ATMs; Relay doesn’t charge out-of-network ATM fees, although third-party fees will apply
Cash Deposited	$0 through Allpoint+ ATMs and $4.95 per deposit at Green Dot retail locations
APY	N/A
Relay is a business fintech platform backed by FDIC-insured Thread Bank.

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International Payment Information

• Payment Info
• Currencies

Relay Standard, the provider’s free account, charges just $10 for outgoing international wires. Incoming international wires are free. If you upgrade to Relay Pro, all international wires are free.

While the provider doesn’t have a specific list of countries that you can send a wire to, Relay has an updated list of over 180 countries that you can receive international wires from. It also has a list of countries that it cannot send wires to and a list of countries that it cannot receive wires from.

International wires take two to three business days to arrive at the recipient’s bank. Relay refreshes exchange rates every 60 seconds to update the rate based on the foreign exchange market. Relay will apply a competitive exchange rate fee—as little as 1%—when using the new currency exchange feature.

The currencies available are in the table in the following tab.

Available Currencies
Mexican peso (MXN)	Swedish krona (SEK)
European euro (EUR)	Croatian kuna (HRK)
British pound sterling (GBP)	Kuwaiti dinar (KWD)
Canadian dollar (CAD)	Czech koruna (CZK)
Australian dollar (AUD)	Thai baht (THB)
New Zealand dollar (NZD)	Hong Kong dollar (HKD)
Saudi riyal (SAR)	Danish krone (DKK)
Singapore dollar (SGD)	Norwegian krone (NOK)
South African rand (ZAR)	Turkish lira (TRY)
Swiss franc (CHF)	Omani rial (OMR)
Japanese yen (JPY)	Ugandan shilling (UGX)
Chinese yuan (CNY)	Hungarian forint (HUF)
Israeli new shekel (ISL)	Poland złoty (PLN)
Bahraini dinar (BHD)	United Arab Emirates dirham (AED)
Bulgarian lev (BGN)	Qatari rial (QAR)
Kenyan shilling (KES)	Romanian leu (RON)

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When to Choose Relay

• You need to send international wires and seek transparency about what countries are available: Relay offers you the ability to send funds in 32 currencies to more than 180 countries overseas. It also keeps an updated list of countries where you cannot send wires, which is linked in our rubric box above.
• You want to upgrade to a premium service for free international wires: Relay Pro starts at $30 a month. However, if you often send international wires, it may be worth it. Relay normally charges $10 per outgoing international wires, but those are free with Relay Pro. In addition, it provides faster ACH transfers, autoimported bills from QuickBooks Online or Xero, and other advanced payment dashboard features.
• You seek free checking with multiple accounts and debit cards: Thanks to no monthly account fees, up to 20 checking accounts, and 50 Mastercard debit cards, Relay is a great choice for companies looking to categorize their funds in multiple accounts and track company spending easily. Relay Standard is free with no minimum balance, opening deposit, and overdraft or bounced check fees.

Wise: Best Low-cost International Transfers Via Local Accounts

What We Like

• Can hold and convert money in 51 different currencies
• Can send money to up to 80 countries
• Has interest-earning account for US-based businesses

Drawbacks

• Costs $31 to open an account
• Requires ATM fees after $100 or 2 transactions in a month
• May not insure funds outside of US, UK, and EEA accounts

Read our Wise Business Account Review

Features

• Wise debit card that allows you access to more than 50 currencies in more than 170 countries with no foreign transaction fees
• Integrations with Xero, QuickBooks, Sage, FreshBooks, Wave, Oracle NetSuite, and more
• Ability to use Bespoke to set access and permissions to account
• Ability to send money to up to 80 countries
• Ability to hold and convert money in 51 different currencies
• Interest-earning account available with solid APY for US-based businesses

Read our Wise Business Account Review

Visit Wise

Wise Business Checking Terms

Required Opening Deposit	$31 Registering for a Wise account is free. However, a one-time fee of $31 is needed to receive payments into your business account.
Required Balance Minimum	None
Transaction Limit Before Fees	Unlimited
Monthly Fees	None
Domestic Wire Transfer Fees	$6.11 for incoming
International Wire Transfer Fees	Incoming in USD: $6.11 Outgoing: Fees vary depending on exchange rate
ATM Fees	First $100 or 2 transactions free per month; 2% fees plus $1.50 per additional withdrawal
Cash Deposited	Cash deposits not accepted
APY This feature is unavailable to New York and Alaska residents.	4.95% in USD balances (optional)
Note that Wise is a business fintech platform backed by FDIC-insured JP Morgan Chase.

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International Payment Information

• Payment Info
• Currencies

According to Wise, you can add money to your account in these currencies: AUD, BGN, BRL,^[a] CAD, CNY,^[b] CHF, CZK, DKK, EUR, GBP, HUF, IDR,^[c] JPY, MYR,^[d] NOK, NZD, PHP, PLN, RON, SEK, SGD, TRY, and USD.

You can keep 50-plus currencies in your account. You can convert money between any of these currencies in your account, always with the real exchange rate.

These are the currencies you can send to and from your balances on your Wise account:

• AUD within Australia and receive from outside of Australia
• BGN within Bulgaria and receive GBP IBAN from outside of Bulgaria
• BRL within Brazil
• CAD within Canada
• CHF within Switzerland and Liechtenstein
• CZK within Czechia and receive GBP IBAN from outside of Czechia
• DKK within Denmark and receive GBP IBAN from outside of Denmark
• EUR from any from any bank account in the world that’s denominated in EUR
• GBP from any bank account in the UK, or by SWIFT
• HKD within Hong Kong and receive GBP IBAN from outside of Hong Kong
• HUF within Hungary and receive GBP IBAN from outside of Hungary
• IDR within Indonesia
• ILS Israeli nationals not living in Israel can also send from ILS
• INR to INR-denominated accounts in India and receive INR from Indian residents only
• JPY from within Japan and receive GBP IBAN from outside of Japan
• MYR within Malaysia
• NOK within Norway and receive GBP IBAN from outside of Norway
• NZD within New Zealand and receive GBP IBAN from outside of New Zealand
• PLN within Poland and receive GBP IBAN from outside of Poland
• RON within Romania
• TRY can be received and sent to bank accounts within Turkey, denominated in TRY, and received internationally via SWIFT.
• SEK within Sweden and receive GBP IBAN from outside of Sweden
• SGD within Singapore and receive GBP IBAN from outside of Singapore
• USD can be received in USD via ACH bank debit, domestic wire, and international SWIFT payment

To receive money from other people in these currencies, just open a balance in the currency you’re being paid in and give the account details to your friends, company, or customers.

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^[a]You need to be a Brazilian tax resident to add money in BRL.
^[b]CNY: only if you’re eligible to send money from CNY
^[c]IDR can be used to top up any balance except IDR.
^[d]Only Malaysian residents can top up their MYR balance directly by MYR.

Available Currencies: Hold and Convert
GBP - British pound	CAD - Canadian dollar	USD - US dollar
AUD - Australian dollar	HUF - Hungarian forint	PHP - Philippine peso
AED - United Arab Emirates dirham	IDR - Indonesian rupiah	PLN - Polish zloty
ARS - Argentine peso	ILS - Israeli shekel	PKR - Pakistani rupee
BDT - Bangladeshi taka	INR - Indian rupee	RON - Romanian leu
BWP - Botswana pula	JPY - Japanese yen	SEK - Swedish krona
BGN - Bulgarian lev	KES - Kenyan shilling	SGD - Singapore dollar
CHF - Swiss franc	KRW - South Korean won	THB - Thai baht
CLP - Chilean peso	LKR - Sri Lankan rupee	TRY - Turkish lira
CNY - Chinese yuan	MAD - Moroccan dirham	TZS - Tanzanian shilling
CRC - Costa Rican colón	MXN - Mexican peso	UAH - Ukrainian hryvnia
CZK - Czech koruna	MYR - Malaysian ringgit	UGX - Ugandan shilling
DKK - Danish krone	NGN - Nigerian naira	UYU - Uruguayan peso
EGP - Egyptian pound	NOK - Norwegian krone	VND - Vietnamese dong
GEL - Georgian lari	NPR - Nepalese rupee	XOF - West African CFA franc
GHS - Ghanaian cedi	NZD - New Zealand dollar	ZAR South African Rand
HKD - Hong Kong dollar	EUR - euro	ZMW - Zambian kwacha

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When to Choose Wise

• You need to send, receive, and hold international payments: Wise uses the real exchange rate when you either send or receive international payments, which is why it is an excellent choice for businesses wanting to send international payments. It also supports other online-only banks, like Novo, with their overseas transactions and allows you to access funds in over 170 countries in more than 50 local currencies with no foreign transaction fees. You can send funds to 80 countries and hold money in 51 currencies.
• You want to add money to your account in multiple currencies: You can add money to your Wise account in up to 23 currencies, although some of those currencies are limited to foreign-organized businesses. By setting up local account details Wise is temporarily pausing issuing new USD account details. If you already have USD account details, they’ll work as normal. in any one of nine currencies The nine currencies are AUD, CAD, EUR, GBP, HUF, NZD, RON, SGD, and TRY. , overseas customers can pay you as if your account was held in a bank local to them. You can receive nonwire money for free in those nine currencies.
• You want to earn interest from your account: You can opt to earn interest from your USD, GBP, and EUR balances, which will be held by Wise’s partner bank, JP Morgan Chase Bank.

Revolut: Best for Spending Funds in Multiple Currencies

What We Like

• Can hold and exchange 25-plus currencies
• Can spend in up to 150 local currencies
• Has multiple tiers to fit your business needs

Drawbacks

• May not insure funds held outside of US-based account
• Only offers some features in paid plans
• Only offers customer support through online chat

Features

• Up to three physical and 200 virtual cards; first plastic card ships free; delivery fees for each additional card apply
• Four different company accounts and three freelancer accounts
• Local accounts opened up in USD, EUR, and GBP
• Ability to create multiple accounts in over 25 currencies to hold, exchange, and transfer money
• Integration with Xero and QuickBooks
• Business online and mobile banking app
• 24/7 live in-app chat support
• Perks for paid plans include metal cards and better exchange rates
• Cash deposits accepted at Green Dot retail locations

Visit Revolut

Revolut Free Business Checking Terms

Required Opening Deposit	None
Required Balance Minimum	None
Transaction Limit Before Fees	Unlimited transfers between Revolut accounts
Transfer Fees	Local transfers: 20 cents each after 5 free local transfers International Transfers: $5 each Foreign Exchange fees: 0.6% markup after the $1,000 fee-free FX allowance Transfers between Revolut accounts are free Current transfers to Ukraine are free and do not count against allowances
Monthly Fees	None
Domestic Wire Transfer Fees	$10 for incoming and outgoing
Monthly Domestic ACH Transfers Allowance	5 free
ATM Fees	2% of the amount withdrawn, plus third-party ATM fees
Cash Deposited	$4.95 per transaction, available through Green Dot retail locations
APY	N/A
Note that Revolut is a business fintech platform backed by FDIC-insured Community Federal Savings Bank (CFSB) and Sutton Bank, Members FDIC.

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International Payment Information

• Payment Info
• Currencies

Revolut allows you to hold and exchange 25-plus currencies and spend up to 150 local currencies. The complete list of exchangeable currencies is in the table in the second tab.

The company notes that the cost of converting currencies will depend on the currency you want to exchange and how much you want to exchange. A 0.6% fee is applied to any exchange above the available allowance according to your plan; a 1% fee is applied for exchanges outside market hours. Depending on the currencies you want to exchange, an additional fee may be charged.

All transfers between Revolut accounts are free and instant (both Business and Personal).

Expected time frames per transfer type:

• Local Transfers
  • For GBP local transfers: Up to three working days.
  • For EUR transfers to a bank account domiciled in SEPA: Up to two working days

If you add USD from a bank domiciled in the US using your USD local details, the transfer can usually take up to 5 working days. If your Revolut account was created after February 15, 2024, you won’t have access to USD local details. If this is the case, you’ll need to transfer the funds via a SWIFT international transfer.

As for Indian Rupee (INR), Indonesian Rupiah (IDR), Malaysian Ringgit (MYR), and Philippine Peso (PHP), they may take up to one day to be processed.

• International Transfers (other than specified above): Up to five working days.

Available Exchange Currencies
UAE Dirham (AED)	Mexican Peso (MXN)
Australian Dollar (AUD)	Malaysian Ringgit (MYR)
Bulgarian Lev (BGN)	Norwegian Krone (NOK)
Canadian Dollar (CAD)	New Zealand Dollar (NZD)
Swiss Franc (CHF)	Philippine Peso (PHP)
Czech Koruna (CZK)	Polish Zloty (PLN)
Danish Krone (DKK)	Qatar (QAR)
Euro (EUR)	Romanian Leu (RON)
British Pound Sterling (GBP)	Saudi Riyal (SAR)
Hong Kong Dollar (HKD)	Swedish Krona (SEK)
Hungarian Forint (HUF)	Singapore Dollar (SGD)
Israeli New Shekel (ILS)	Thailand Baht (THB)
Indonesian Rupiah (IDR)	Turkish Lira (TRY)
Indian Rupee (INR)	US Dollar (USD)
Japanese Yen (JPY)	South African Rand (ZAR)

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When to Choose Revolut

• You need multiple currency accounts: Revolut is a very solid choice for businesses needing to send payments internationally in multiple currencies. When you open an account, you receive three local accounts: USD, GBP, and EUR. Those allow you to send payments locally in those currencies. In addition, you can exchange over 25 currencies with Revolut and spend 150 currencies locally out of your accounts.
• You seek multiple account options: There are seven different accounts with Revolut, including four business accounts The Basic Plan is free, Grow costs $30 monthly, Scale costs $119 monthly, and Enterprise has a custom price. (Basic, Grow, Scale, and Enterprise) and three freelancer accounts The Basic Plan is free, Pro costs $9.99 monthly, and Ultimate costs $39.99.  (Basic, Pro, and Ultimate). The free business account has no opening deposit or minimum balance requirements, but some of the high fee-free allowances and best features are only available in the paid business accounts.
• You want to use free transfers to keep funds insured: One major potential drawback of Revolut is that funds held overseas may not be insured if the local accounts fail. Since transfers between Revolut accounts are free, it’s best to keep funds in your US-based account, which is backed by FDIC-insured banks.

Rho: Best Flat-rate Pricing for Foreign Exchange Transfers

What We Like

• Has no monthly fee and FX transfers at a flat 1% for 32 currencies
• Offers fee-free domestic and international SWIFT wires, ACH, and bill pay
• Offers up to 1.25% cash back on corporate cards

Drawbacks

• Lacks APY for checking product
• Lacks business debit card
• Lacks direct cash deposits

Read our Rho business checking review

Features

• Customizable account permissions
• Integration with Oracle NetSuite, QuickBooks, and Sage Intacct
• Streamlined accounts payable
• Cost-saving global payments
• Discounts on business software, such as Google Cloud, QuickBooks, Slack, Salesforce, and Stripe
• Free and unlimited virtual and physical corporate cards for employees
• Business account open to all US incorporated businesses, except sole proprietors
• Business savings accounts^ⓘ with up to $75M in FDIC insurance
• High-yield Treasury account
• Daily customer service through chat and phone support

Read our Rho business checking review

Visit Rho

Rho Business Checking Terms

Required Opening Deposit	None
Required Balance Minimum	None
Transaction Limit Before Fees	Unlimited
ACH Fees	None
Monthly Fees	None
Domestic Wire Transfer Fees	None
International Wire Transfer Fees	Varies International wires in USD can be subject to additional fees set by recipient, correspondent, or intermediary banks, in addition to the SWIFT network.
ATM Fees	Unavailable; no debit card issued
Cash Deposited	Cash deposits not accepted
APY	N/A
Note that Rho is a business fintech platform backed by FDIC-insured Webster Bank.

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International Payment Information

• Payment Info
• Currencies

In partnership with banks, payments can be sent to over 200 countries and territories with Rho. You can see Rho’s list of supported countries. Rho remains compliant with applicable regulations and provides a list of restricted countries and international payment types.

Australian Dollars: AUD	Georgian Lari: GEL
Bulgarian Lev: BGN	Hungarian Forint: HUF
Swiss Francs: CHF	Indian Rupee: INR
Czech Korunas: CZK	Japanese Yen: JPY
Denmark Krone: DKK	Norwegian Krone: NOK
Egyptian Pound: EGP	Polish Zlotys: PLN
Euros: EUR	Romanian Leu: RON
Bangladesh: BDT Only to personal accounts	Swedish Krona: SEK
British Pound: GBP	United States Dollars: USD

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When to Choose Rho

• You seek flat rates on international payments: You can send unlimited SWIFT wires to over 200 countries with a flat FX rate of just 1% across 32 currencies, the best rate in this buyer’s guide. While Rho doesn’t charge for international wires, there may be fees involved with using the SWIFT network in addition to intermediary and receiving bank fees—but those fees will be consistent with any international provider you use.
• Your business is incorporated in the US: Rho is a great option for international business, save for sole proprietorships and unincorporated businesses. Small companies, startups, middle-market companies, and enterprises across industries can open an account.
• You want free domestic wires and ACH payments: For companies that can meet Rho’s requirements, you get the benefit of free domestic wires and ACH payments.

How We Evaluated the Best International Business Bank Accounts

We considered hundreds of domestic and international bank and neobank products when compiling this buyer’s guide. When we evaluated the best international business bank accounts, we considered the following:

• Number of countries and currencies funds that could be sent in a wire or transfer
• Fees for international wires and transfers
• Fees for currency exchange and purchase
• International in-network ATM availability and fees
• International acceptance for a domestic bank account
• Multicurrency options
• Which accounts had no monthly fees or easily waivable monthly fees
• Required opening deposit and balance minimums
• Transaction limits before fees
• Cash deposit fees and availability
• Interest yield, if applicable
• Other checking account perks
• Software integrations
• Other business services provided
• Lending products provided
• Customer service
• Customer reviews

What to Know About Doing Business Internationally

In addition to finding the right bank account for international business, there are some other things you may want to consider if you plan on having customers overseas. Here are some guides compiled by other experts here at Fit Small Business that can help your company thrive in business abroad.

• Payroll: Check out our article on how to pay international employees for a complete guide on how to set up your overseas payroll. And check out our buyer’s guide to the best international payroll services to choose the right provider.
• Contractors: If you plan to have contractors working for you abroad, see our guide on how to pay international contractors to avoid any potential issues.
• Merchant Services: When doing business overseas, it’s important to have a provider that can help you sell your products and services to an international audience. See our list of the leading international merchant accounts.
• Hiring: It’s essential to hire the right people when conducting business overseas. See our guides on how to hire international employees and how to hire international contractors for assistance.
• Shipping: Once you’ve sold your product overseas, you must ship it to the customer. That can present its own challenges. See our article on international fulfillment and cross-border shipping for assistance.
• Credit Cards: Besides a great bank account for international business, it helps to have a credit card with no foreign transaction fees. See our top-recommended no foreign transaction fee credit cards.

What You Need to Open a Business Bank Account

Though each provider on this list may require different documents to open a business bank account, here is a general list of what you will need the following:

• EIN or Social Security number if you’re a sole proprietor
• Fictitious business name certificate or doing-business-as (DBA) certificate
• Business formation documents
• Organization documents, including your ownership agreements
• Business licenses
• Government-issued photo ID, such as a passport or driver’s license

Frequently Asked Questions (FAQs)

Which bank is best for international banking?

Why do I need a specific bank for international business?

What banks offer international accounts?

Bottom Line

If your business is global, your business bank account needs to be able to support the demands of international banking. The providers on this list offer international transfers to and from customers, clients, and employees outside the US. Each offers different lists of countries and currencies, different products and services, and varying fees for those services. Compare each provider and choose the one that best aligns with the international business needs of your company.