Revolut vs Moneycorp Comparison

Revolut, a fintech startup founded in 2015, has quickly risen to prominence with its innovative app-based platform, offering users a modern approach to banking and currency exchange. With a focus on cutting-edge technology, Revolut caters to a global audience, providing a seamless way to manage money across borders.

On the other hand, Moneycorp, established in 1979, brings decades of experience to the table. As a veteran in the foreign exchange industry, Moneycorp combines traditional banking reliability with modern financial services, offering a wide range of currency solutions to both individual and corporate clients.

Both companies have carved out significant niches in the market, appealing to users with their distinct approaches to international money transfers.

Customers

Company NameRevolutMoneycorp
Logo
revolut new logo
Revolut ReviewMoneycorp Review
Customer rating4.4/5 (Trustpilot)4.3/5 (Trustpilot)
# Rating Customers138,000 (Trustpilot)6,300 (Trustpilot)
Top 3 Pros
  • Great exchange rates
  • Easy to use app
  • Neo bank capabilities
  • Industry veteran
  • High profile business customers
  • Personal service
Top 3 Cons
  • Involved in scandals
  • Partly regulated
  • Complaints about customer service
  • Negative reviews for mobile app
  • “Oldschool” compared to fintechs
  • Fees for phone transfers

Availability

Company NameRevolutMoneycorp
Logo
revolut new logo
Office locationsGlobalUK, EU, USA, Australia, NZ, Canada
# Currencies29120+

Security

Company NameRevolutMoneycorp
Logo
revolut new logo
Regulated byFCA, partlyFCA, FinCEN, and others
HTTPS SecuredYesYes
Segregated Customer AccountsYesYes
2FAYesYes

Limits and Fees

Company NameRevolutMoneycorp
Logo
revolut new logo
Min transfer$0Β£50
Max transferDepends on planNo limit
Fixed feesVariableNo fee online, Β£15 phone
See rates before you log in?YesYes

Customer Support

Company NameRevolutMoneycorp
Logo
revolut new logo
Dedicated DealerNoYes
EmailYesYes
PhoneNoYes
Live ChatYesYes
24/7YesNo

Ways to Transfer

Company NameRevolutMoneycorp
Logo
revolut new logo
Online SystemYesYes
Online AppYesYes
Multi-Currency AccountYesYes
Cash PickupNoNo
Card Top-UpYesNo

Additional Functions

Company NameRevolutMoneycorp
Logo
revolut new logo
HedgingYesYes
Mass paymentsYesYes
Cash chequesNoNo
Multi-Currency Debit CardYesNo

Conclusion

On MoneyTransferComparison, Moneycorp has received a higher editorial score. The advantages of Moneycorp over Revolut are these:

  • Moneycorp is an industry veteran with decades of experience, providing a sense of reliability and trustworthiness.
  • It offers dedicated dealer support, ensuring personalized service for each customer.
  • Moneycorp provides a broader range of currencies, making it suitable for more diverse international money transfer needs.

Moneycorp is better for large transfers and business-related transactions, where personalized service and a wide range of currencies are crucial. Revolut, on the other hand, is better for everyday users who need a multi-currency account for travel, small transfers, and those who appreciate a modern app experience.

Revolut‘s strengths lie in its innovative banking services, including instant transfers among Revolut users, a user-friendly app, and the ability to hold and exchange multiple currencies at attractive rates. It’s particularly appealing to tech-savvy individuals and those looking for a modern alternative to traditional banking.