Wise vs Cash App
For spending abroad FX markup matters, and Wise does better (0.47% vs 3%). Neither wins across the board: weigh the points above against your use case before choosing between Wise and Cash App.
| Wise | Cash App | |
|---|---|---|
| Tier | A | A |
| Rating | ★ 4.5 | ★ 4.4 |
| Estimated net annual cost | €0 | €0 |
| Account fee | Free | Free |
| IBAN | dedicato · BE · BE, GB, US, AU, NZ, SG, HU, RO, TR | condiviso |
| Deposit guarantee | None (e-money account) | — |
| Multi-currency | Yes · 40 currencies | No (single currency) |
| Outbound transfers to third-party IBANs | Yes | Yes |
| Utility direct billing | No | No |
| SEPA direct debit (SDD) | Yes | No |
| On-chain crypto withdrawal | No | Yes |
| SEPA transfer | €1 | — |
| Card included | Carta Mastercard (€7 una tantum) | — |
| Interest on balance | 1.75% | 3.25% |
| Network | Mastercard | — |
| ATM withdrawal | 2.69% | not declared |
| Free ATM limit | £250/month free, then 2.69% | — |
| Fund custody | Custodial (platform holds funds) | Custodial (platform holds funds) |
| KYC | Full | Full |
| Supported countries | EEA, UK, US, APAC, LATAM · 160+ countries | US · 1+ countries |
| Regulator | FCA, NBB | FinCEN / OCC / SEC |
| OAM Italy registration | No | No |
| Segment | B2C | B2C |
| Regions | EU/EEA, UK, US, APAC, LATAM | US |
| Licences & safety | EMI, FCA, FinCEN MSB | Money Transmitter + Banking partner (Wells Fargo, Sutton Bank) |
Frequently asked questions
Wise vs Cash App: which is better?
For spending abroad FX markup matters, and Wise does better (0.47% vs 3%). Neither wins across the board: weigh the points above against your use case before choosing between Wise and Cash App.
Which is cheaper, Wise or Cash App?
On the standard spending profile Wise has the lowest net annual cost: €0 versus €0 for Cash App.
Is Wise custodial or self-custody?
Wise is custodial: funds are held by the platform, while Cash App is custodial.
Which is better for spending abroad?
For foreign-currency spending Wise wins, with the lowest FX markup: 0.47%.