Revolut vs TransferWise

Compare features, pricing, and capabilities to find which solution is best for your needs.

Revolut

Revolut is a comprehensive financial super app offering global money transfers, currency exchange, budgeting tools, and investment opportunities, including cryptocurrencies, all accessible through a user-friendly mobile interface. by Revolut Ltd

Commercial

Platforms: Android iPhone Apple Watch Android Wear

Screenshots:

Alternatives Details Website

TransferWise

Wise (formerly TransferWise) is a multi-currency account and international money transfer service offering cheap, fast, and transparent ways to send and receive money globally. It provides real mid-market exchange rates, unlike traditional banks, and allows users to hold and manage balances in over 50 currencies. by TransferWise LTD

Commercial

Platforms: Online Android iPhone iPad

Screenshots:

Alternatives Details Website

Comparison Summary

Revolut and TransferWise are both powerful solutions in their space. Revolut offers revolut is a comprehensive financial super app offering global money transfers, currency exchange, budgeting tools, and investment opportunities, including cryptocurrencies, all accessible through a user-friendly mobile interface., while TransferWise provides wise (formerly transferwise) is a multi-currency account and international money transfer service offering cheap, fast, and transparent ways to send and receive money globally. it provides real mid-market exchange rates, unlike traditional banks, and allows users to hold and manage balances in over 50 currencies.. Compare their features and pricing to find the best match for your needs.

Pros & Cons Comparison

Revolut

Analysis & Comparison

Advantages

Excellent for international money transfers and currency exchange.

Offers a wide range of financial services in one app (banking, investing, budgeting).

Competitive exchange rates close to the interbank rate.

Strong security features, including virtual cards and instant card freezing.

Generally user-friendly and intuitive mobile interface.

Limitations

Customer support can sometimes be challenging to access and slow.

Fee structures can be complex depending on the plan and usage.

Some advanced investment features are limited compared to dedicated platforms.

The app can feel a bit crowded with the increasing number of features.

TransferWise

Analysis & Comparison

Advantages

Uses the real mid-market exchange rate, saving money on conversions.

Transparent fee structure displayed upfront.

Fast transfer speeds for many corridors.

Multi-currency account with local bank details simplifies receiving international payments.

User-friendly web and mobile interface.

Wise debit card is useful for international spending.

Limitations

Fees for very small transfers can be proportionally higher.

Does not support all countries or currencies.

Customer support is primarily online.

Identity verification can sometimes cause initial delays.

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