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Personal Finance · head to head

Quicken vs Wise Business

Quicken logo

Quicken

Personal Finance

Take control of your finances

From
$3.99/month
Rated
-
Full reviewWebsite
Wise Business logo

Wise Business

Accounting

The smart way to send and receive business payments

From
$29/month
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Quicken promotional pricing available only for annual billing; higher rates apply for monthly billing; Wise Business opening a Wise Business account in the UK carries a one off setup fee of 50 GBP
  • They diverge on capability: Quicken covers Budget creation, Wise Business covers Multi-currency accounts.

Where they differ

Only the attributes on which Quicken and Wise Business actually diverge.

Attributes where Quicken and Wise Business differ
AttributeQuickenWise Business
Starting price$3.99/month$29/month
Pricing modelsubscriptionusage-based
PlatformsWeb, iOS, Android, Windows, macOSWeb, Ios, Android, Api
CategoryPersonal FinanceAccounting
Founded19832011

Identical on both: free tier (No), user rating (Not yet rated).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Quicken

  • Budget creation
  • Bill management
  • Investment tracking
  • Tax planning
  • Bank accounts
  • Investment accounts
  • Credit cards
  • Windows support

Only in Wise Business

  • Multi-currency accounts
  • International transfers
  • Batch payments
  • API access
  • Team management
  • Xero
  • QuickBooks
  • Various

What people use each for

The jobs each tool is most often brought in to do.

Quicken

  • Individuals managing personal finances via Quicken Simplifi cloud app for budgeting and savings trackingnot Wise Business
  • Freelancers and self-employed managing business and personal finances via Quicken Business & Personal plannot Wise Business
  • Users preferring local data storage via Classic desktop editionsnot Wise Business

Wise Business

  • Holding and converting multiple currencies as a businessnot Quicken
  • Paying international suppliers and contractors at the mid market ratenot Quicken
  • Receiving payments into local currency account details in several countriesnot Quicken

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Quicken

  • Promotional pricing available only for annual billing; higher rates apply for monthly billing
  • Subscriptions auto-renew at current rates unless manually cancelled

Wise Business

  • Opening a Wise Business account in the UK carries a one off setup fee of 50 GBP
  • Volume discounts on transfers start only above 20,000 GBP equivalent sent per month

Pricing, plan by plan

Quicken

$3.99/month
  • Quicken Simplifi$3.99/month
    • Billed annually at promotional rate
    • Regular price $6.99/month
    • Mobile and web access
  • Quicken Business & Personal$4.99/month
    • Billed annually at promotional rate
    • Regular price $8.99/month
    • Mobile and web access

Wise Business

$29/month
  • StandardFree
    • Multi-currency account
    • Real exchange rate
    • Batch payments

Which should you pick?

Choose Quicken if

  • You need budget creation.
  • You work on Web, iOS, Android, Windows, macOS.
  • You also want bill management.
Quicken review

Choose Wise Business if

  • You need multi-currency accounts.
  • You work on Web, Ios, Android, Api.
  • You also want international transfers.
Wise Business review

Questions people ask

Is Quicken or Wise Business better?
Neither clearly leads. Quicken starts at $3.99/month and Wise Business at $29/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Quicken or Wise Business?
Quicken starts at $3.99/month and Wise Business at $29/month.
Does Quicken or Wise Business run on more platforms?
Quicken runs on Web, iOS, Android, Windows, macOS. Wise Business runs on Web, Ios, Android, Api.
What is Quicken best used for?
Quicken is most often used for individuals managing personal finances via quicken simplifi cloud app for budgeting and savings tracking, freelancers and self-employed managing business and personal finances via quicken business & personal plan, users preferring local data storage via classic desktop editions. Of those, individuals managing personal finances via quicken simplifi cloud app for budgeting and savings tracking and freelancers and self-employed managing business and personal finances via quicken business & personal plan are not what Wise Business is typically brought in for.
What can Quicken do that Wise Business cannot?
Quicken covers Budget creation, Bill management, Investment tracking, Tax planning. Wise Business covers Multi-currency accounts, International transfers, Batch payments, API access.

Answered from the vendors’ own pages

Quicken: How much does Quicken cost?

Quicken Simplifi starts at $3.99/month (billed annually) or $6.99/month (monthly billing). Quicken Business & Personal costs $4.99/month (annual) or $8.99/month (monthly). Annual billing offers savings versus monthly subscriptions.

Source
Wise Business: How fast are international transfers with Wise Business?

Wise Business offers fast global payments with 70% arriving in 20 seconds and 95% arriving in under 24 hours. You can also pay up to 1,000 contacts in a single batch transfer.

Source
Quicken: What is the difference between Quicken Simplifi and Quicken Business & Personal?

Quicken Business & Personal includes the ability to run up to 10 businesses at no extra cost, making it suitable for freelancers and small business owners. Quicken Simplifi is designed for personal finance and couples. Both are available on mobile and web.

Source
Wise Business: Does Wise Business offer volume discounts?

Yes, volume discounts are available on monthly transfers over 20,000 GBP or equivalent.

Source
Quicken: Can I cancel my Quicken subscription anytime?

Subscriptions auto-renew at then-current rates unless cancelled. The page indicates cancellation is possible but does not specify the cancellation process or any early termination fees.

Source
Wise Business: How does Wise Business keep funds secure?

Wise customers move over AED60 billion monthly with systems built to keep funds safe. The company runs over 7 million daily fraud checks (80 per second), keeps funds diversified with secure financial institutions, and offers 24/7 customer support.

Source
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