Rates, Fees & Business Fit: Wise vs RBC
Check how Wise and RBC differ on rates, fees, and which payment model each one actually fits for international business.
For international flows, the useful comparison is not generic features — it is cost, reliability, and which system fits the way your treasury actually runs.
Wise typically offers better FX rates; RBC offers Canadian banking relationship.
Before we show you a single number, know this: we are regulated, audited, and transparent. Our pricing is published. Our client funds are segregated. These aren't marketing claims — they're regulatory requirements we meet daily.
These aren't marketing claims — they're regulatory requirements we meet daily.
Quick comparison
| Feature | Wise | RBC | Unicorn Currencies |
|---|---|---|---|
| Currencies | 40+ | Multiple | 35+ |
| FX / Fees | Mid-market rate + 0.33–0.57% fee | Check with bank for current FX 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 | 2–5 business days | Same-Day |
| Local accounts | 9 currencies | Yes (Canada) | with a local US bank account |
| Regulation | FCA authorised, FinCEN registered | OSFI, Canadian banking | FINTRAC registered · Bank of Canada RPAA registered |
| Best for | Freelancers and SMEs wanting transparent mid-market rates | Canadian businesses with RBC relationship | B2B import/export, £1M++ annually |
Verdict
Wise typically offers better FX rates; RBC offers Canadian banking relationship.
Frequently asked questions
Can I get better FX than my bank with a B2B specialist?
Yes. Specialist B2B FX providers like Unicorn Currencies offer institutional-grade rates — typically up to 70% cheaper than high-street banks — while providing the compliance, security, and dedicated support that banks offer. Unlike consumer platforms, Unicorn Currencies is purpose-built for treasury teams managing cross-border supplier payments.
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.