Best Business Forex Rates in the UK: Wise vs Airwallex vs Your Bank (2026)
UK businesses lose billions annually to hidden bank FX margins. A typical UK bank charges 2–3% above mid-market on international transfers. Wise charges 0.45%. On £100,000/year of international revenue, that's a £1,550–2,550 annual saving.
UK business FX rates compared
- Wise Business: 0.45% FX margin. Transparent. Mid-market rate shown. Same rate for £1 and £1,000,000.
- Airwallex: 0.5% FX margin. Full business suite. API access.
- Revolut Business: 0.6% FX margin (outside market hours: +0.5% surcharge). Good for team expenses.
- OFX: 0.5–1% margin depending on amount. Good for large, infrequent transfers. Will negotiate rates on £50,000+.
- Barclays Business: typically 2.5–3.5% above mid-market on international transfers.
- HSBC Business: 2–3% above mid-market. HSBC Global Money Business can reduce this.
- Lloyds Business: typically 2–3% above mid-market.
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ForexFee guides are based on publicly available information and live rate data from Wise's comparison API. For pricing, KYC requirements and current promotions, always check each provider's official site. See our methodology for how we source and rank rates.