Wise Business Card Review: A Great Card for Singapore Companies?

Singapore’s pro-business setup makes it easy to start and scale, but if you pay for overseas SaaS (Software as a Service), fly for work, or have remote teams, managing card spend in multiple currencies can become complicated quickly.

The Wise Business account keeps it simple.

Hold and convert 40+ currencies, spend in 150+ countries, and avoid hidden exchange rate markups thanks to mid-market exchange rates and transparent conversion fees¹.

This Wise Business Card review covers how the card works, its features for team control, fees, who it’s best suited for, and the alternatives worth considering in Singapore.

How the Wise Business Card works in Singapore

The Wise Business Card is a debit card that comes in both physical and virtual forms². It’s linked directly to your Wise Business account, so every payment draws from the currencies you hold in your Wise account.

• If you already hold a currency, such as USD, for a software subscription, the card will spend that currency directly.
• If you don’t hold the currency, Wise automatically converts the amount needed at the mid-market exchange rate, adding a small conversion fee (starting from 0.26%, which varies by route).

Unlike traditional business debit or credit cards, there’s no extra foreign transaction fee layered on top of the conversion. The only fee you’ll pay is the transparent conversion cost.

To unlock the full feature set, including the ability to receive payments with local account details in 8+ currencies, Singapore companies pay a one-time setup fee of 99 SGD. There are no ongoing monthly account fees.

Key Wise Business Card features for Singapore SMEs

The Wise Business Card is built to keep company spending simple, transparent, and easy to track. Here are the main features²:

• Physical and virtual cards: Get a physical card for in-store payments, and create virtual cards instantly for secure online transactions. You can also add them to Apple Pay or Google Pay for contactless use.
• Global acceptance: Spend in 40+ currencies across 150+ countries without hidden markups. The card automatically uses the currencies you hold in your account or converts at the mid-market rate.
• Real-time spend alerts: Every transaction triggers an instant notification in the Wise app, helping you track spending as it happens.
• Tight controls: Approve payments, set custom limits per card, and freeze/unfreeze cards with a tap if they’re lost or stolen.
• Team cards: The first card is free. Extra cards for employees cost just 4 SGD each, one-time. Replacement cards are also 4 SGD, and optional express delivery starts from 16 SGD.
• ATM withdrawals: 2 free withdrawals/month per account, provided your monthly total is ≤ 350 SGD. 1.5 SGD + 1.75% after that.
• Transparent foreign exchange fees: Conversions start at 0.26% and vary by route — always at the mid-market exchange rate, with no hidden markup.

Managing team spending with Wise Business cards

For many Small and Medium-sized Enterprises (SMEs), employee expenses are a headache: staff use personal cards, submit late claims, and finance teams scramble to reconcile messy receipts.

The Wise Business Card makes this cleaner by giving each team member their own debit card, tied directly to your Wise Business account.

Wise Business Card fees in Singapore

Here’s a breakdown of the main costs to expect with a Wise Business Card in Singapore²:

Wise Business Card alternatives in Singapore

The Wise Business Card isn’t the only multi-currency option in Singapore. Depending on your priorities (whether it’s cashback, integrated credit, or deeper expense management), these alternatives may be worth considering.

How to get a Wise Business Card in Singapore

Getting a Wise Business Card in Singapore is straightforward. Here’s the process:

1. Sign up for a Wise Business account. Register online and pay the one-time 99 SGD setup fee to unlock full features, including local account details in 8+ currencies.
2. Verify your business. Submit required documents (Accounting and Corporate Regulatory Authority or ACRA registration details, director/shareholder ID, proof of address). Verification usually takes a few business days, depending on the complexity of your company structure.
3. Order your card. Your first physical card is free; additional team cards are 4 SGD one-time each. Delivery in Singapore typically takes about 3 working days. Express delivery is available from 16 SGD.
4. Generate virtual cards instantly. Once your account is approved, you can create a Wise Business virtual card immediately. Add it to Apple Pay or Google Pay for contactless use right away.

Who would benefit from a Wise Business Card in Singapore?

The Wise Business Card is best suited for companies that value transparent global spending over rewards.

If your team pays overseas SaaS subscriptions, books regular travel, or manages spend in multiple currencies, Wise’s mid-market exchange rate and low conversion fees can save you more than a cashback card with hidden foreign exchange markups.

Pros

• Spend at the mid-market rate with conversion fees from 0.26%
• No card foreign transaction fees — unlike traditional business cards that often add 2–3% on top
• First card free, extra team cards 4 SGD one-time each.
• Real-time notifications, per-card limits, and one-tap freeze/unfreeze
• 2 free ATM withdrawals/month per account when your monthly total is ≤ S$350; transparent fees after that.
• No monthly fees

Cons

• No cashback, rewards, or miles
• No credit facility (it’s a debit card tied to your Wise account)

Who it’s best for

• Startups and SMEs paying overseas SaaS in USD, EUR, or GBP
• Remote-first teams that need clean expense management with per-card budgets
• Business travellers who want predictable foreign exchange costs without hidden markups

Less ideal for

• Companies chasing cashback or miles above transparency
• Firms requiring a credit line rather than debit

Wise Business debit card: For global corporate spends

💡Ready to simplify your team's business spending? Give them their own Wise Business Cards and connect them to your Wise Business account. No more using personal cards for business expenditure. No more manually reconciling personal card reimbursements. Wise Business lets you monitor and approve card payments instantly.

Here's what you get with Wise Business:

• Get the first Wise debit card for free when you open a Wise Business account.
• Provide your team with contactless international business debit cards for spending in 150+ countries
• Receive instant spending notifications and track expenses in the Wise app.
• Approve payments, set spending limits, and freeze your card if you've lost it.
• Always get the mid-market rate with transparent conversion fees starting from .
• Say goodbye to monthly fees and foreign transaction fees.

➡️Get your Wise Business Card today

Sources:

1. Wise Business Singapore pricing
2. Wise Business card fees Singapore
3. Aspire pricing
4. Airwallex pricing
5. Airwallex help
6. Revolut Corporate cards
7. Revolut help
8. YouBiz corporate card