Revolut vs Transferwise

Is Revolut better than Transferwise?

Both companies offer online banking and money transfer services and both are well-regulated, secure and customer-oriented, giving banks a good run for their money. When transferring smaller amounts, the two services rate evenly, however, for higher transfer amounts — Revolut takes the lead since there are fewer limitations on the amount you can send. In addition, if you plan to use the service while traveling overseas – Revolut is a better option, offering a range of features for use while abroad.

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Established
Established
2010
  • Low-cost transfers for studying abroad
  • Low-cost transfers for studying abroad
  • Low-cost transfers for studying abroad
2012
TrustPilot Rating
TrustPilot Rating
4.5 out of 5 |
4.5 out of 5 |
Available for Registration From
Available for Registration From
EEA, CA, US, AU, SG, CH
  • Low-cost transfers for studying abroad
  • Low-cost transfers for studying abroad
  • Low-cost transfers for studying abroad
US, AU, EAA, UK, NZ
REGULATION
SAFETY
Money Transfer
FEES & CHARGES
Spending & Withdrawals
CUSTOMER SUPPORT
Features
ONBOARDING SIMPLICITY

Revolut Ltd is a British financial technology company that offers banking services including GBP and EUR bank accounts, a prepaid debit card, fee-free currency exchange, stock trading, cryptocurrency exchange, and peer-to-peer payments

Transferwise is a money transfer service established by two Estonian professionals working between their native country and the UK. The company’s concept known as peer-to-peer transfers is similar to the one CurrencyFair uses and means matching people’s transactions going the opposite ways. They also charge a small commission while using the inter-bank mid exchange rate, unlike making money on the exchange rates, like traditional currency transfers companies do. TransferWise’s net profit reached $8 million in 2018 with a customer base of over 4 million people.