Revolut vs CurrencyTransfer: Fees & Reviews Compared

Both Revolut and CurrencyTransfer are popular international money transfer services. But which one is better?

Below we compare them on their fees and reviews.

Fees

	Revolut	CurrencyTransfer
Homepage
Transfer Fee	No fee for transferring to other Revolut users Card transfers: 0.7% (if you’re in Europe), 2.3% (outside Europe) Bank transfers: fees can range between 0.35% and 1%	No fee
Average Exchange Rate Markup	0.5% – 2%	0.007
Minimum Transfer Amount	$1	£5,000 (or currency equivalent)
Maximum Transfer Amount	Depends on the selected plan, the sending country, and the recipient country.	No limit

Reviews

	Revolut	CurrencyTransfer
Trustpilot Rating	4.3	4.8
Number of Trustpilot Reviews	138,000	900
iOS App Rating	4.7	N/A
Number of iOS App Reviews	37,000	N/A
Android App Rating	4.5	N/A
Number of Android App Reviews	2,400,000	N/A

Features

	Revolut	CurrencyTransfer
App Transfers	Yes	No
Online Transfers	Yes	Yes
Phone Transfers	No	No
In-person Transfers	No	No
Available Countries	200	170
Number of Currencies	29	28
Payment Methods	Bank account Debit card Credit card	Bank account
Receiving Methods	Bank account Debit card	Bank account
Cash Pickup Option	No	No
Payments Flexibility	Web platform Mobile app	Web platform
Supported Languages	English, German, Spanish, French, Portuguese, Dutch, Italian, Japanese, Chinese, Croatian, Greek, Czech, Danish, Russian, Hungarian, Polish, Slovak, Romanian, Swedish, Bulgarian, Latvian, and Lithuanian	English
Transfer Speed	Instant for Revolut users 1-2 days for the rest	1-4 days
Dedicated Dealer	No	Yes
Instant Custom Quote	Yes	Yes
Business Features	Forwards contracts Stop-loss orders Limit orders Analytics Payroll automation Spending management Digital multi-currency wallet Rate alerts API integration	Spot contracts Forwards contracts Market orders Batch payments FX derivatives Rate alerts API integration
Debit Card	Many including: Standard, Plus, Premium, Metal, Ultra, Business and Revolut <18	None
Cancellation Policy	Cancellation is available as long as the transfer hasn’t been completed. Refunds may take up to 10 days.	Booked currencies can be bought back from the selling provider with the costs falling on the customer
Suitability	Small money transfers	Large money transfers

Company Comparison

	Revolut	CurrencyTransfer
Year Founded	2015	2015
Headquarters	London, UK	London, UK
Other Office Locations	Berlin (Germany), Dublin (Ireland), Krakow and Silesia (Poland), Madrid (Spain), Mexico City (Mexico), Porto (Portugal), São Paulo (Brazil), Bangalore, Chennai, Gurgaon, Indore, and Mumbai (India), Singapore, Tokyo (Japan), and Vilnius (Lithuania)	Tel Aviv (Israel)
Annual Trading Volume	$140 billion	$500 million
Number of Employees	8000	23
Number of Clients	30 million personal users 500,000 business users	20000
Regulatory Institutions	FCA in the UK ASIC in Australia The Bank of Lithuania in the EU MAS in Singapore Kanto Local Finance Bureau in Japan	FCA and HRMC in the UK
Awards	Top Startups (LinkedIn, 2018, 2019, 2020, 2021, 2022) Fintech Company of the Year (City AM Awards, 2018) Europe’s Allstar Company (Investor Allstars Awards, 2018) Top 10 Fastest Growing Startups To Work For (Otta, 2019) Top 10 Companies Hiring Like Crazy (Glassdoor, 2019) Top Spot at Deloitte’s Tech Fast 50 (Deloitte, 2019, 2020) Top Spot at The Startups 100 (Startups, 2019) Top 10 in Tech Track 100 Companies (The Sunday Times, 2019) Featured in The Best London Startups to Work (Rocket List, 2020) Lithuania’s TOP Employers (CV Online, 2020) Innovation of The Year (British Bank Awards, 2020) Featured in Best Startups To Watch (Seedtable, 2020, 2023) Best Talent Acquisition Team (LinkedIn Talent Awards, 2021) Featured in 150 Fastest Growing Companies to Work for in America (Otta, 2021) Best FinTech Employer of the Year (SFF Global FinTech Awards, 2021) Featured in Employer Branding Stars (EBstars Awards, 2022, 2023)	Top 9 Startups (Swift Innotribe Startup Challenge, 2014) Presented at FinovateEurope – a FinTech-based conference (2014)

Revolut Pros & Cons

Revolut Pros

• Offers a full range of banking features
• Exceptional customer support
• User-friendly debit card services
• Zero transfer fees for smaller transfers
• Attractive foreign exchange rates
• Comprehensive suite of business-oriented features
• Option to trade in cryptocurrencies
• Virtual cards for secure online transactions
• Broad coverage of services globally
• Wide range of supported currencies for travelers
• Fast money transfers

Revolut Cons

• Not designed for large-scale money transfers
• Complex fee structure
• Limited scope of in-app currency support
• No cash pickup options
• A relative newcomer in the financial industry

CurrencyTransfer Pros & Cons

CurrencyTransfer Pros

• Real-time personalized quotations
• Excellent client support
• Strong rating on Trustpilot
• Zero fees on transfers
• Attractive foreign exchange rates
• Worldwide service availability
• Wide range of options for businesses
• Speedy transfer of funds
• Notifications for exchange rate fluctuations

CurrencyTransfer Cons

• Not suitable for small money transfers
• High minimum transfer limit
• No multi-language support
• Limited payment options
• No mobile app
• Limited currency coverage
• No local coverage

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