Both Wise and Revolut are popular international money transfer services. But which one is better?
Below we compare them on their fees and reviews.
Fees
Wise | Revolut | |
Homepage | ![]() | ![]() |
Transfer Fee | Variable fee – 0.4% – 0.6% of total amount (on average) Fixed fee – £0.2 – £0.3 on average. | 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% |
Average Exchange Rate Markup | No markup | 0.5% – 2% |
Minimum Transfer Amount | $1 | $1 |
Maximum Transfer Amount | $6,000,000 USD $1.8 million AUD $1.5 million CAD €6,000,000 EUR £5,000,000 GBP | Depends on the selected plan, the sending country, and the recipient country. |
Top Rated Money Transfer Service
Currencies Direct are the top rated International Money Transfer Service on our list.
- 4.9 out of 5 on Trustpilot based on over 8,000 reviews
- No transfer fees
- Bank-beating rates
- Award-winning service
- Exclusive Amazon gift card offer for users of MoverDB.com
Reviews
Wise | Revolut | |
Trustpilot Rating | 4.3 | 4.3 |
Number of Trustpilot Reviews | 193,700 | 138,000 |
iOS App Rating | 4.6 | 4.7 |
Number of iOS App Reviews | 29,500 | 37,000 |
Android App Rating | 4.7 | 4.5 |
Number of Android App Reviews | 503,000 | 2,400,000 |
Features
Wise | Revolut | |
App Transfers | Yes | Yes |
Online Transfers | Yes | Yes |
Phone Transfers | No | No |
In-person Transfers | No | No |
Available Countries | 170 | 200 |
Number of Currencies | 50 | 29 |
Payment Methods | Bank account Debit card Credit card Direct debit Apple Pay Google Pay iDeal Trustly SOFORT POLi PayPal | Bank account Debit card Credit card |
Receiving Methods | Online wallet Bank account | Bank account Debit card |
Cash Pickup Option | No | No |
Payments Flexibility | Web platform Mobile app | Web platform Mobile app |
Supported Languages | English, Spanish, French, Portuguese, Italian, German, Chinese, Japanese, Indonesian, Hungarian, Ukrainian, Polish, Romanian, Turkish, and Russian | English, German, Spanish, French, Portuguese, Dutch, Italian, Japanese, Chinese, Croatian, Greek, Czech, Danish, Russian, Hungarian, Polish, Slovak, Romanian, Swedish, Bulgarian, Latvian, and Lithuanian |
Transfer Speed | 0-2 days (within minutes for over 50% of transfers). | Instant for Revolut users 1-2 days for the rest |
Dedicated Dealer | No | No |
Instant Custom Quote | Yes | Yes |
Business Features | Recurring transfers Batch payments Invoicing Multi-user access Digital multi-currency wallet Rate alerts API integration | Forwards contracts Stop-loss orders Limit orders Analytics Payroll automation Spending management Digital multi-currency wallet Rate alerts API integration |
Debit Card | Wise multi-currency debit card | Many including: Standard, Plus, Premium, Metal, Ultra, Business and Revolut <18 |
Cancellation Policy | Users can cancel a transfer as long as they’re able to see the “cancel transfer” option on their transfer | Cancellation is available as long as the transfer hasn’t been completed. Refunds may take up to 10 days. |
Suitability | Small money transfers | Small money transfers |
Top Rated Money Transfer Service
Company Comparison
Wise | Revolut | |
Year Founded | 2011 | 2015 |
Headquarters | London, UK | London, UK |
Other Office Locations | London (UK), Austin, Dallas, Tampa, and New York (USA), Bangkok (Thailand), Dubai (UAE), Riyadh (Saudi Arabia), Hong Kong (Hong Kong), Shanghai (China), Singapore (Singapore), Tokyo (Japan), Seoul (South Korea), Jakarta (Indonesia), Kuala Lumpur (Malaysia), Manila (the Philippines), Mumbai (India), Brussels (Belgium), Budapest (Hungary), Cherkasy (Ukraine), Tallinn and Tartu (Estonia), Zürich (Switzerland), São Paulo (Brazil), Mexico City (Mexico), Cape Town (South Africa), Sydney and Melbourne (Australia) | 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) |
Annual Trading Volume | £76.4 billion | $140 billion |
Number of Employees | 4500 | 8000 |
Number of Clients | 16 million | 30 million personal users 500,000 business users |
Regulatory Institutions | FinCEN in the USA FINTRAC in Canada FCA in the UK ASIC in Australia National Bank of Belgium in the EU | FCA in the UK ASIC in Australia The Bank of Lithuania in the EU MAS in Singapore Kanto Local Finance Bureau in Japan |
Awards | Best European Startup Under 3 Years Old (Europas, 2013) One of The World’s Top 10 Most Innovative Companies in Finance (Fast Company Magazine, 2014) Boldest Smaller Company (FT’s Boldness in Business Awards, 2014) Ernst and Young UK Entrepreneurs (2015) Top 20 out of 50 on Glassdoor’s Best Places to Work in the UK (2022) Made it in the FinTech50 list (in 2013, 2014, 2017, 2018, 2019, and 2021) | 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) |
Wise Pros & Cons
Wise Pros
- No markups on exchange rates
- Comprehensive global service reach
- Impressive currency support
- Widespread local presence with branches in more than 28 countries
- Custom quotes are available without signup
- Diverse payment methods encompassing bank accounts, debit and credit cards, PayPal, and more
- Highly rated on Trustpilot
- In-depth knowledge repository
- Ideal for small transactions
- Fast money transfers, with half of all transactions completed in minutes and the rest within 0-2 days
- Outstanding web platform and mobile app experience
Wise Cons
- Some Challenges with customer service
- Cash pickup isn’t an option
- Lack of dedicated currency dealers
- Less-frequented countries and currencies might incur high transfer fees
- Inadequate for large monetary transfers
- No support for lesser-traded currencies
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
Top Rated Money Transfer Service
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