GoDutch
Wise
Business Account
Dutch IBAN
✅
Belgian IBAN
Extra (virtual) IBANs
Unlimited
❌
Free virtual card
✅
✅
Free physical card
✅
✅
Free customer and company research
✅
✅
Open account / onboarding
Fully digital registration process
✅
✅
Registration time
3 minutes
5-10 minutes
Processing time KYC/KYB
3 hours
3 to 10 working days
Costs
Fixed costs p/m (starting price)
£0
£0
Cost per SEPA payment
€0.12
€0 to €1
Cost of additional payment account (IBAN)
Free
£60 one-off
Cost of additional payment card
Free
£4 per extra card
Features
Real-time balance insight
✅
✅
Automated invoice processing
✅
❌
Automatic VAT recognition
✅
❌
Access for accountant / bookkeeper
✅
✅
Accounting integrations
✅
✅
Team card and expenditure management
✅
✅
International
Currency exchange at mid rate
At cost
~0.47% storage
Countries available
150+
70+
Currencies available
20+
40+
Security & Support
Deposit guarantee (covered up to)
£100,000
❌
24/7 telephone emergency support
✅
❌
Multilingual customer support
✅
✅
Rewards
Cashback on card transactions
Unlimited up to 1.0%
❌
This comparison is based on publicly available information as of 10 October 2025. Prices, features, and conditions may change. Always consult the provider's website for the most up-to-date information.
Why choose GoDutch?
The comparison shows that GoDutch is more attractive to entrepreneurs who value speed, automation, and cost savings on multiple essential points. While the business account from Wise mainly focuses on international transactions and currency management, our business account offers a complete platform where banking, administration, and collaboration come together seamlessly.
Quick onboarding process
The onboarding process at GoDutch is significantly faster than at Wise. While Wise mentions a verification process that can take several days to ten working days, your business account at GoDutch is fully active within three hours. Entrepreneurs can therefore get started immediately, without delays due to lengthy checks or manual processing. The registration process itself takes only three minutes and is fully digital.
Costs
In terms of costs, GoDutch remains transparent and advantageous. There are no monthly fixed costs, no surcharges for additional IBANs or payment cards, and SEPA payments only cost €0.12 per transaction. Wise, on the other hand, charges a one-time activation fee of €60 for using multiple currencies and small extra costs for additional cards. Moreover, as an entrepreneur at GoDutch, you benefit from unlimited cashback of up to 1.0% on all business card payments, something that Wise does not offer at all.
Features
Functionally, GoDutch provides more automation for daily administration. The account automatically recognizes VAT amounts, processes incoming invoices, and links directly to almost all Dutch accounting packages.
Wise does have connections with some international accounting platforms like Xero, but does not offer automatic invoice processing or VAT recognition. This makes GoDutch more practical for Dutch entrepreneurs who want to save time on their bookkeeping.
Open your business account in 3 minutes
Ready to bank smarter? Open your business account with GoDutch today and experience how easy business payments and collaboration can be. The entire process is fully digital and takes just three minutes. You fill out a short application online, verify your identity, and receive your Dutch IBAN and payment card within three hours.
With GoDutch, you manage your administration, payments, and accounting from one clear platform. You can immediately transfer money, process invoices, and invite your team to collaborate. Discover how GoDutch makes business banking smarter, faster, and more profitable by opening a business account today.