In today’s interconnected world, business people, digital nomads, and globetrotters often find themselves needing to transfer money across borders. Whether it’s paying freelancers, receiving payments from clients, or simply managing personal finances, international money transfers have become an integral part of modern life. To make this process more seamless and cost-effective, online accounts tailored to international money transfers have gained popularity. Among these, Wise (formerly TransferWise) is a well-known name, but there are other viable options worth considering.

In this article, we will explore some of the best online accounts for international money transfers, catering specifically to the needs of business people and nomads.

1. Wise


  • Competitive exchange rates with lower fees compared to traditional banks.
  • Multicurrency account for holding and managing multiple currencies.
  • Easy-to-use platform with a transparent fee structure.
  • Debit card available for easy access to funds.
  • Wise Business for business accounts with additional features.


  • Some fees may still apply, depending on the transaction type and currency.
  • Not available in all countries.

Why Choose Wise: Wise is a well-established player in the international money transfer market, offering transparency, competitive rates, and a user-friendly interface. Their multicurrency account is a great tool for managing finances across borders, making it a top choice for business people and digital nomads alike.

2. Revolut


  • No hidden fees on foreign currency transactions.
  • Multiple currency accounts with exchange at interbank rates.
  • Sleek mobile app with budgeting and spending analytics.
  • Revolut Business for corporate accounts.
  • Debit card with excellent travel perks.


  • Limited free withdrawals per month, with fees after the limit.
  • Some services are subscription-based.

Why Choose Revolut: Revolut is an innovative fintech company that offers a wide range of financial services, including international money transfers. Its user-friendly app and competitive exchange rates make it a solid choice for digital nomads and business travelers.

3. Payoneer


  • Global payment platform supporting businesses and freelancers.
  • Multicurrency receiving accounts for easy collection of international payments.
  • Integration with major freelance and e-commerce platforms.
  • Debit card for easy access to funds.


  • Fees can vary depending on the type of transaction.
  • Exchange rates may not be as competitive as some other options.

Why Choose Payoneer: Payoneer is a trusted name in the world of online payments, particularly among freelancers and businesses engaged in international trade. Its versatile platform and multicurrency receiving accounts make it an ideal choice for those needing to receive payments from abroad.

4. PayPal


  • Widely accepted and recognized globally.
  • Offers a multicurrency feature.
  • Easy integration with online stores and platforms.
  • Debit card available for spending.


  • Exchange rates and fees can be less favorable than dedicated transfer services.
  • Limited customer support.

Why Choose PayPal: While PayPal may not offer the most competitive exchange rates, it remains a convenient option for international transactions, especially for businesses and individuals already familiar with the platform. Its global recognition is an advantage when dealing with clients and customers worldwide.

5. N26


  • Offers a multicurrency account and debit card.
  • Transparent fee structure.
  • Easy-to-use mobile app for managing finances.
  • N26 Business for business accounts.


  • Limited availability in certain countries.
  • May not be as feature-rich as some competitors.

Why Choose N26: N26 is a European-based online bank that provides a straightforward way to manage finances across borders. It’s a great choice for those who want a simple, no-nonsense approach to international money transfers.


The choice of the best online account for international money transfers ultimately depends on your specific needs and preferences. While Wise (now Wise) remains a popular and reliable option, other platforms like Revolut, Payoneer, PayPal, and N26 offer unique features and advantages that may better suit the requirements of business people and digital nomads.

Before making a decision, it’s essential to consider factors such as fees, exchange rates, availability in your country, and the types of transactions you frequently perform. Additionally, reading user reviews and seeking recommendations from peers can help you make an informed choice that best serves your international financial needs.