10 Different: TransferWise Vs Revolut

Transferwise and Revolut are two of the most popular money transfer services out there. They both offer a range of services for individuals and businesses who need to send money abroad. But which one is better? In this article, we’ll compare the two and see how they stack up against each other. We’ll look at 10 different aspects, such as fees, exchange rates, speed of transfers and more. By the end, you should have a much better idea of which service is best for your needs. So let’s get started!


Transferwise and Revolut are both financial services that offer international money transfers. Transferwise has a fee structure based on the amount of money being transferred, while Revolut charges a percentage of the transfer amount. Transferwise’s fees are usually lower than those of Revolut.

Transferwise works by using the mid-market exchange rate and does not add any extra markup, whereas Revolut adds a markup to the exchange rate. This means that when transferring with Transferwise, customers will get more foreign currency for their money, compared to using Revolut.

In addition, Transferwise also offers different types of transfers such as bank transfers and card payments which can be used to send or receive money from other countries. On the other hand, Revolut only allows you to transfer funds through bank transfers and does not allow card payments.

Overall, Transferwise offers better value for money when it comes to international transfers compared to Revolut due to its lower fees and better exchange rates.

Exchange Rates

Transferwise and Revolut both offer competitive exchange rates. Transferwise’s rates are often lower than the rates offered by banks, while Revolut’s can be slightly higher. However, both services provide a fair deal in comparison to other money transfer services on the market.

The fees associated with each service can vary depending on the amount of money being transferred and the countries involved. Transferwise typically has lower fees for smaller amounts but charges a fixed fee for international transfers. Revolut also offers low fees but charges a percentage fee for international transfers, so it might be more expensive depending on how much you’re transferring.

When considering which service to use, it is important to compare exchange rates and fees from both providers before making a decision. This will ensure that you get the best value for your money when sending money abroad.

Speed Of Transfers

The speed of transfers between Transferwise and Revolut can be likened to a footrace. Transferwise crosses the finish line first, offering an average transfer time of one business day. On the other hand, Revolut takes its time, with an average transfer duration of two to three business days.

Transferwise is the clear winner when it comes to fast transfers. Exchange rates are updated every five minutes and transfers are processed quickly and securely within their system. Additionally, customers are able to track their progress within their account for maximum transparency. On the other hand, Revolut’s exchange rate updates take a bit longer as they are only updated once per day.

Although Transferwise is faster than Revolut, both provide users with secure and reliable transfer services that make managing international money transfers easier than ever before. Both maintain strict safety protocols to ensure user data is kept safe from unauthorized access and malicious intent. With either service, customers can rest assured they will receive their funds in a timely manner with minimal risk or hassle.

Payment Methods

Transferwise and Revolut are two popular digital money transfer services. When considering which one to use, the speed of transfers is an important factor to consider. Transferwise offers transfers that are almost instantaneous and in some cases, the funds can be available in seconds. On the other hand, Revolut takes a bit longer with its transfers usually taking 1-3 business days before they are reflected in the recipient’s account.

Another key difference between Transferwise and Revolut is their payment methods. Transferwise allows users to pay with bank accounts or debit/credit cards while Revolut only accepts payments from bank accounts. With Transferwise you can also pay with Apple Pay and Google Pay which is a very convenient option for people who want to send money quickly without having to enter their card details each time.

In terms of fees, both Transferwise and Revolut charge a fee for transferring money abroad but generally Transferwise tends to have lower fees than Revolut. Additionally, if you choose to use Apple Pay or Google Pay as your payment method with Transferwise you won’t have to pay any additional charges for using those services. So depending on your needs, either option could be a good choice when it comes to sending money abroad.


Transferwise and Revolut are two of the most popular international money transfer services available today. Both offer fast, reliable transfers at competitive rates, but there are some key differences in the limits imposed by each service. Transferwise allows users to send up to £2 million per transaction, with a maximum of £4 million per day. Revolut has a lower limit of £60,000 per day and £250,000 per year. For those looking to transfer large amounts of money across borders quickly and securely, Transferwise is the clear choice. However, for smaller transfers, Revolut can be just as effective. Both services allow users to make multiple transfers within their respective limits without incurring additional charges. In addition, both services have excellent customer support teams who can help resolve any issues that may arise during transactions. Taking into account the different limits imposed by each service as well as their customer support capabilities, it is easy to see why both Transferwise and Revolut remain popular choices for international money transfers.


Transferwise and Revolut are two of the most popular services for international money transfers. Both offer a range of features that make sending funds abroad easy and secure, but they also have their differences. Here is an overview of how they compare when it comes to security:


  • All transfers are protected by FCA regulations
  • 128-bit encryption ensures all data is secure
  • Two factor authentication available
  • 24/7 customer support


  • Data encrypted using SSL technology
  • PIN protection for online account access
  • Fingerprint recognition added for extra security
  • Emergency cash access in case of lost or stolen cards

Both Transferwise and Revolut provide a variety of features to keep transfers secure. However, while Revolut offers an emergency cash service, Transferwise provides 24/7 customer support that can help resolve any issues quickly. Ultimately, both services offer great security measures to ensure users’ funds remain safe.

Customer Service

Transferwise and Revolut both provide secure services, but they differ in their customer service. Transferwise offers 24/7 customer support through various channels such as email, phone and social media. They also offer a ‘Help Center’ with support documents, FAQs and tutorials. Revolut, on the other hand, provides 24/7 customer service through its app or website. Customers can access help documents, contact the support team via email or chatbots and get answers to their queries quickly.

The response time for Transferwise is typically slower than Revolut’s due to the complexity of its services. This could be an issue for customers who need quick solutions to their problems. On the other hand, Revolut’s customer service is fast and efficient; customers receive responses within minutes of making a query.

Both companies have user-friendly websites that make it easy to navigate around and find the answers needed. However, Transferwise’s website may be more difficult to use for first-time customers due to its complexity compared to Revolut’s straightforward approach. The difference in customer service between the two companies is clear – Transferwise offers comprehensive customer support while Revolut’s offering is more focused on fast solutions and ease of use.

User Reviews

TransferWise and Revolut are both popular money transfer services, but they have some notable differences. TransferWise is a peer-to-peer service that can be used to send and receive payments from abroad. It is also able to convert currencies and offers tools for business customers. Revolut, on the other hand, is a digital bank account with a built-in currency exchange feature, as well as budgeting and saving tools.

When it comes to user reviews, TransferWise generally has favorable reviews with customers citing its fast transfers and competitive fees as major benefits. Revolut also has many positive ratings with users praising its easy setup process and convenient features such as spending notifications. However, some customers have reported experiencing issues when trying to use their service or had trouble getting customer support when needed.

Overall, both TransferWise and Revolut offer similar services but have different features that make them suitable for different needs. Depending on what you’re looking for in a money transfer service, one may be more beneficial than the other. Taking into consideration user reviews can help inform your decision on which one best fits your needs.

Global Reach

Transferwise and Revolut are two popular international money transfer services. Transferwise facilitates transfers to over 70 countries while Revolut allows transfers to more than 200 countries. In addition, Transferwise offers a Borderless account with multi-currency capabilities, enabling users to hold and exchange up to 28 currencies in their wallet. On the other hand, Revolut also provides a range of different currency options with competitive exchange rates, allowing users to hold and convert up to 24 currencies.

When it comes to transfer fees, both services offer competitive prices for international transfers. However, Transferwise’s Borderless account does not charge any transfer fees for its customers when sending money abroad from one of the 42 supported currencies. Additionally, they provide low fixed fees on overseas payments that fall outside of their free or discounted rate list. On the other hand, Revolut only charges a fee when exchanging between different currencies within the app but doesn’t charge any extra fee when sending money abroad in an unsupported currency.

Overall, both companies provide great global reach and competitive prices for international money transfers. With that said, it is important to consider all of the features offered by each service before deciding which one is right for your needs.

Mobile App

The convenience of money transfer apps is undeniable. Transferwise and Revolut offer just that, making it easier than ever to manage your finances quickly and securely. Let’s take a look at how they compare in terms of their mobile app offerings.

Transferwise has an easy-to-use mobile app available on both Android and iOS devices. It allows users to transfer money abroad quickly, easily and securely. The app also offers a range of features such as currency exchange rates, international payments, multi-currency accounts and more. Additionally, its ‘borderless’ account allows users to hold up to 28 different currencies in one place – ideal for those who frequently travel overseas or do business with customers in other countries.

Revolut has a similar offering but with a few extra features. Its app is also available on both Android and iOS devices and makes it easy to make international transfers with low fees. It also offers its own currency exchange rates as well as the ability to set up virtual or physical cards for use overseas – perfect for travelling abroad without having to worry about carrying cash around with you.

Both Transferwise and Revolut offer great options for managing your finances on the go, so you can rest assured that your money will always be safe and secure no matter where you are in the world.


In conclusion, it’s clear that both Transferwise and Revolut offer a great service when it comes to international money transfers. Both companies have plenty of pros and cons, but the key difference lies in their fees and exchange rates. Transferwise tends to be more cost-effective for larger payments, while Revolut offers more affordable options for smaller amounts. Ultimately, deciding which one is best for you will depend on your needs and preferences. I’ve used both services myself and can say that they both provide a reliable way to manage my finances across borders.