I use both.
In general I think it’s very risky to only have one bank account for your business.
TransferWise is great for receiving and sending all sorts of currencies.
As I use Xolo for accounting it’s only €10 extra per month for LHV.
Cash parked with LHV is insured up to €100,000.
No negative interest rates for large EUR deposits.
There’s no card spend limit with LHV.
You can invest with LHV.
My Xolo accountant can prepare tax payments in LHV and I just have to confirm when I get a push notification.
There’s way less likely that you’ll have problems with larger transactions with LHV than TransferWise (or any fintech).
LHV’s customer support is amazing. If they have any questions about transactions or anything else they’ll just call you and check, then release funds right away (rather than blocking your account, returning the payment to sender, or whatever else might happen with a fintech).
To me it’s easily worth the extra cost, but it may not be for everyone.