Wise
Pros
- Mid-market exchange rate with a transparent, low FX fee
- Real local account details in 9+ currencies
- Holds and converts 40+ currencies in one balance
Cons
- Safeguarded e-money, not deposit-guarantee protected
- No physical branch or overdraft
Neobank comparison
Wise vs ZEN
Compare Wise and ZEN side by side: fees, regulation, platforms.
Wise
Best for multi-currency and FX
Wise is the benchmark for cross-border money: the lowest published FX markup we track and genuine local accou…
VS
ZEN
Best for cross-border shoppers
ZEN leans into rewards and multi-currency spending for cross-border shoppers, with a money-back guarantee tha…
Head-to-head comparison
| Feature | Wise | ZEN |
|---|---|---|
| Monthly fee | Free | Free |
| FX markup | 0.43% | 0% |
| Savings APY | 3.39% | - |
| Currencies | 40 | 32 |
| Card network | Mastercard | Mastercard |
| Deposit protection | Safeguarded (FCA-authorised e-money) | Safeguarded (Lithuanian EMI licence) |
| Regulators | - | - |
| Best for | Best for multi-currency and FX | Best for cross-border shoppers |
| Markets & account | ||
Pros & cons
ZEN
Pros
- Purchase money-back rewards on card spending
- Holds and converts 30+ currencies
- Quick onboarding for shoppers and small businesses
Cons
- Safeguarded e-money rather than a banking licence
- No in-app savings interest
Wise
Wise is the benchmark for cross-border money: the lowest published FX markup we track and genuine local account details make it the account to hold foreign currency in.
Confirm current fees and rates on the provider's site. T&Cs apply.
ZEN
ZEN leans into rewards and multi-currency spending for cross-border shoppers, with a money-back guarantee that few rivals match.
Confirm current fees and rates on the provider's site. T&Cs apply.
Not the right match?
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