Revolut vs WorldRemit: Fees & Reviews Compared

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

Below we compare them on their fees and reviews.

Fees

	Revolut	WorldRemit
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%	$0.99 – $3.99 depending on the transfer amount and the selected countries and payment methods.
Average Exchange Rate Markup	0.5% – 2%	1% – 1.6%
Minimum Transfer Amount	$1	$1
Maximum Transfer Amount	Depends on the selected plan, the sending country, and the recipient country.	Depends on the selected countries and method of payment (ranges between $1,400 and $60,000).

Reviews

	Revolut	WorldRemit
Trustpilot Rating	4.3	4.1
Number of Trustpilot Reviews	138,000	78,800
iOS App Rating	4.7	4.8
Number of iOS App Reviews	37,000	172,000
Android App Rating	4.5	4.6
Number of Android App Reviews	2,400,000	179,000

Features

	Revolut	WorldRemit
App Transfers	Yes	Yes
Online Transfers	Yes	Yes
Phone Transfers	No	No
In-person Transfers	No	No
Available Countries	200	145
Number of Currencies	29	70
Payment Methods	Bank account Debit card Credit card	Bank account Debit card Credit card Apple Pay Interac iDeal Trustly Klarna SOFORT POLi
Receiving Methods	Bank account Debit card	Online wallet Bank account Cash pickup Home delivery
Cash Pickup Option	No	Yes
Payments Flexibility	Web platform Mobile app	Web platform Mobile app
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, French, German, Danish, Dutch, and Spanish
Transfer Speed	Instant for Revolut users 1-2 days for the rest	0-2 days (within minutes in 95% of cases).
Dedicated Dealer	No	No
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	N/A
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.	Only when the transfer hasn’t been paid out. Bank and mobile wallet transfers may be refunded even after the transfer is completed if the recipient agrees to the refund.
Suitability	Small money transfers	Small money transfers

Company Comparison

	Revolut	WorldRemit
Year Founded	2015	2010
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)	Poland (Krakow), USA (Denver), Philippines (Cebu), Australia (Sydney), Belgium (Brussels), Japan (Tokyo), Kenya (Nairobi), Malaysia (Kuala Lumpur), Rwanda (Kigali), Singapore, South Africa (Johannesburg), Somaliland (Hargeisa), Tanzania (Dar Es Salaam), Uganda (Kampala), and Canada (Toronto)
Annual Trading Volume	$140 billion	$10 billion
Number of Employees	8000	1800
Number of Clients	30 million personal users 500,000 business users	5.7 million
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	FinCEN in the USA FINTRAC in Canada FCA in the UK ASIC in Australia National Bank of Belgium in EU FSPR in New Zealand FSA in Japan
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)	Best Practice in Remittances for Development by IFAD (United Nations Agency, 2015) Technology Fast 50 (Deloitte, 2015, 2016, and 2017) Tech Track 100 (Sunday Times, 2016, 2017, 2018, and 2019) Excellence in Transformational Business (FT/IFC Transformational Business Awards, 2017) EY Entrepreneur Of The Year (2016) Bronze Award (European Contact Centre & Customer Service Awards, 2019) The Powerlist (BBC, 2020) Best for International Transfers (Best Money Transfer Apps – Investopedia, 2021 and 2023)

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

WorldRemit Pros & Cons

WorldRemit Pros

• Many payment methods
• Competitive foreign exchange rates
• Small transaction fees
• Excellent policy for transfer cancellations
• Instant, personalized cost estimates
• Cash pickup services available
• Mobile digital wallet features
• Comprehensive global service availability
• Strong coverage of over 70 unique currencies
• Wide local presence with offices in 15 nations
• Quick funds transfers
• Comprehensive and informative knowledge base

WorldRemit Cons

• Not ideal for transferring large sums of money
• No personal account managers available
• Lacks business solutions like forward contracts and limit orders
• Numerous criticisms pertaining to customer service

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