Revolut vs Wise

Revolut is a financial app offering digital banking, currency exchange, and investing in a single account, used by more than 75 million customers globally. Users can hold and exchange 30+ currencies at Revolut's exchange rates, spend abroad in 150+ currencies, and send international transfers, alongside savings and investment products including stocks and a Stocks & Shares ISA in supported markets. The free Standard plan covers core banking, while paid plans (Plus, Premium, Metal, and Ultra) add benefits like fee-free international transfers, better exchange rates, travel insurance, and metal cards. Revolut also offers Joint accounts and a separate Revolut Business product for freelancers and companies.

Wise (formerly TransferWise) is an international money transfer and multi-currency account service that lets individuals and businesses send money abroad using the real mid-market exchange rate. Instead of hiding costs in the exchange rate like many banks, Wise charges a transparent fee starting from around 0.24% that is shown upfront before you send. The Wise account lets users hold and convert balances across 40+ currencies, receive local bank details in multiple countries, and spend internationally with the Wise debit card at no subscription cost. It serves individuals, freelancers, expats, and businesses handling cross-border payments and is regulated in multiple jurisdictions worldwide.

• Free Standard tier covers real multi-currency banking with no monthly fee
• Exchange rates and transfer fees are generally cheaper than traditional banks for travel/international use
• Combines banking, currency exchange, and basic investing in one app
• Large, established user base (75M+) with a mature mobile experience

• Transparent, usually low fees compared to traditional bank international transfers
• Multi-currency account and local bank details are useful for freelancers and expats
• Wise debit card has no subscription fee and free spending abroad
• Strong regulatory footprint across many countries

• Full banking features and protections vary significantly by country/region
• Customer support has a reputation for being slow to reach for complex account issues
• Best value features (fee-free transfers, better rates) are mostly gated behind paid plans

• Fees still apply and can add up for very frequent small transfers
• ATM withdrawals beyond the free monthly allowance carry a noticeable fee
• Not a full bank account in most countries, so it lacks some traditional banking features