Revolut vs Wise Comparison

Founded in the UK, both companies have expanded their services globally, offering solutions that challenge traditional banking by providing more efficient, cheaper, and user-friendly ways to send, receive, and manage money internationally.

Revolut, launched in 2015, has broadened its offerings from a digital banking platform to include investment services and insurance, catering to both individual and business needs.

Wise, established in 2011, focuses on transparency and low-cost international money transfers, boasting a multi-currency account that allows users to hold and convert over 50 currencies.

Customers

Company NameRevolutWise
Logo
revolut new logo
wise new logo
Revolut ReviewWise Review
Customer rating4.4/54.6/5
# Rating Customers109,000 on TrustPilot195,000+ on TrustPilot
Top 3 Pros
  • Great savings on payments
  • Comfortable for travel
  • Utilise funds for investing
  • Best exchange rates
  • No fees on any transfer
  • Easy to use app
Top 3 Cons
  • Customer service could be delayed
  • International payment fees up to 1%
  • Involved in scandals over AML policy
  • Requires large sample size for conclusions
  • Some debit and credit cards not approved
  • Excessive documents required to sign up

Availability

Company NameRevolutWise
Logo
revolut new logo
wise new logo
Office locationsGlobal – 20+ countriesGlobal – 12 offices worldwide
# Currencies30+50+

Security

Company NameRevolutWise
Logo
revolut new logo
wise new logo
Regulated byFCA, European Central BankFCA
HTTPS SecuredYesYes
Segregated Customer AccountsYesYes
2FAYesYes

Limits and Fees

Company NameRevolutWise
Logo
revolut new logo
wise new logo
Min transferΒ£/€/$ 1Β£/€/$1
Max transferNo limit$1 million by wire
Fixed feesVariableYes, varies by currency
See rates before you log in?YesYes

Customer Support

Company NameRevolutWise
Logo
revolut new logo
wise new logo
Dedicated DealerNoNo
EmailYesYes
PhoneYesYes
Live ChatYesYes
24/7YesYes

Ways to Transfer

Company NameRevolutWise
Logo
revolut new logo
wise new logo
Online SystemYesYes
Online AppYesYes
Multi-Currency AccountYesYes
Cash PickupNoNo
Card Top-UpYesYes

Additional Functions

Company NameRevolutWise
Logo
revolut new logo
wise new logo
HedgingNoNo
Mass paymentsYesYes
Cash chequesNoNo
Multi-Currency Debit CardYesYes

Conclusion

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

  • Better exchange rates with transparency on fees.
  • A more user-friendly app for international money transfers.
  • A higher customer satisfaction rating based on Trustpilot reviews.

Wise is better for individuals and businesses looking for the best exchange rates on international transfers and those who prioritize ease of use and transparency in fees.

Revolut is better for those seeking a broader range of banking services beyond money transfers, including access to cryptocurrencies, budgeting tools, and a multi-currency account with a debit card for international spending.