Wise vs Emirates NBD — Which is better for your business?
Wise vs Emirates NBD for international payments. Compare digital platform vs UAE bank.
Quick comparison
| Feature | Wise | Emirates NBD | Unicorn Currencies |
|---|---|---|---|
| Currencies | 40+ | Multiple | 35+ |
| FX / Fees | Mid-market rate + 0.33–0.57% fee | Check with bank for current pricing | Up to 70% cheaper vs traditional US banks |
| Monthly fee | $0 (one-time setup fee may apply) | Account fees apply | No monthly fee |
| Settlement | 1–2 business days | 1–3 business days | Same-Day |
| Local accounts | 9 currencies | Yes (UAE) | with a local US bank account |
| Regulation | FCA authorised, FinCEN registered | UAE Central Bank | FINTRAC registered · Bank of Canada RPAA registered |
| Best for | Freelancers and SMEs wanting transparent mid-market rates | UAE and Gulf businesses | B2B import/export, £1M++ annually |
Verdict
Wise offers digital and often better FX; Emirates NBD offers UAE presence and relationship.
Frequently asked questions
Which is best for UAE businesses making international payments?
Both Wise and Emirates NBD serve UAE businesses. For dedicated B2B cross-border payments, Unicorn Currencies offers a local UAE bank account so you can receive and convert without intermediary fees. FINTRAC registered, operating through FCA-authorised partners.
Which platform is best for businesses processing £1M+ in annual FX?
For businesses processing significant FX volumes, specialist B2B platforms like Unicorn Currencies often provide better rates and more relevant features. Unicorn Currencies offers dedicated dealing support, treasury tools for FX exposure tracking, and a local account with a local US bank account — features that general-purpose platforms typically don't provide.
Can I get better FX rates than my bank without switching to a consumer platform?
Yes. Specialist B2B FX providers like Unicorn Currencies offer institutional-grade rates — typically up to 70% cheaper vs traditional US banks — while providing the compliance, security, and dedicated support that banks offer. Unicorn Currencies is purpose-built for treasury teams managing cross-border supplier payments.
Looking for a B2B alternative to both?
Unicorn Currencies is purpose-built for importers and exporters. Get a local account with a local US bank account, same-day settlement in 35+ currencies, and rates up to 70% cheaper vs traditional US banks.
FINTRAC registered · Bank of Canada RPAA registered.