Wise (formerly known as TransferWise) and Revolut are two popular mobile banks that offer innovative digital financial services to their customers. While both companies provide a range of features and benefits, they have different areas of focus and target audiences.
Wise is primarily focused on international money transfers and currency exchange, offering transparent fees and exchange rates for its users. Additionally, Wise provides multi-currency accounts, debit cards, and other financial services to its customers.
Revolut, on the other hand, offers a broader range of services, including current accounts, debit cards, and cash withdrawals, with no hidden fees and competitive exchange rates. In addition, Revolut offers features such as budgeting tools, insurance, and access to cryptocurrencies.
In terms of pricing, both Wise and Revolut offer low-cost accounts, with additional fees for certain services. Revolut also offers premium accounts with additional features and benefits, such as higher withdrawal limits, airport lounge access, and cashback rewards.
Overall, both Wise and Revolut offer unique digital banking solutions that appeal to different customer segments. Wise may be more attractive to users who frequently send money internationally or need multi-currency accounts, while Revolut may be a better fit for users who want a broader range of financial services, such as budgeting tools and access to cryptocurrencies.
175 countries. 50 currencies. Get the account built to save you money round the world. Save up to 6x when you send, spend and withdraw 50 currencies, all in one account.
Exchange money with no hidden fees. Buy crypto, gold and manage your money with spending analytics. Join over 12 million Revolut customers.