Compare Revolut vs TransferWise

Revolut Ltd Logo
Trustpilot Rating
Reviews 62,314 | Excellent
 (4.6)

Revolut Ltd is an electronic money institution focused on offering banking services. Revolut Ltd offers UK current accounts, EURO current accounts with IBAN, prepaid cards, virtual prepaid cards, cryptocurrency exchange, cryptocurrency transfers between Revolut users to individuals, businesses. Incorporated in the United Kingdom, Revolut Ltd is authorized and regulated by the Financial Conduct Authority.

Transferwise Ltd Logo
Trustpilot Rating
Reviews 86,756 | Excellent
 (4.6)

Transferwise Ltd is an electronic money institution focused on international money transfers. Transferwise Ltd offers prepaid cards, international money transfers, virtual accounts with IBAN to individuals, businesses. Incorporated in the United Kingdom, Transferwise Ltd is authorized and regulated by the Financial Conduct Authority.

Revolut Business Focus
offering banking services
Revolut Products
  • UK current accounts
  • EURO current accounts with IBAN
  • prepaid cards
  • virtual prepaid cards
Revolut Services
  • cryptocurrency exchange
  • cryptocurrency transfers between Revolut users
Revolut Clients
  • individuals
  • businesses

View Revolut Profile +

TransferWise Business Focus
international money transfers
TransferWise Products
  • prepaid cards
  • virtual accounts with IBAN
TransferWise Services
  • international money transfers
TransferWise Clients
  • individuals
  • businesses

View TransferWise Profile +

Compare Personal Accounts

Revolut TransferWise
CurrencyUSD, GBP, EUR
and 26 more
EUR, GBP, AUD
and 43 more
Payment Cardsphysical
virtual
physical
virtual
Personal IBAN available (GB IBAN) available (BE, GB IBAN)
UK Account Number available available
Customer Groupsall countriesall countries
Pricing Plans Standard
Premium
Metal
single for all customers
Open Account Open Account
 

Currency

Revolut

Personal Current Account is a multi-currency account, allowing the account holder to have funds in USD, GBP, EUR, PLN, CHF, DKK, NOK, SEK, RON, SGD, HKD, AUD, NZD, TRY, ILS, AED, CAD, HUF, JPY, MAD, CZK, QAR, THB, ZAR, MXN, RUB, SAR, HRK, BGN.

TransferWise

Borderless Account is a multi-currency account, allowing the account holder to have funds in EUR, GBP, AUD, AED, ARS, BDT, BGN, CHF, CLP, CNY, CZK, DKK, EGP, GEL, HKD, HRK, HUF, CAD, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, USD, PEN, PHP, PLN, PKR, RON, RUB, SEK, SGD, THB, TRY, UAH, VND, ZAR.

Payment Cards

Revolut

Revolut Personal Card can be ordered together with Personal Current Account.

TransferWise

TransferWise Personal Card (MasterCard) can be ordered together with Borderless Account. Virtual cards are not available.

Personal IBAN

Revolut

  • available for verified customers
  • appears automatically for EUR balances
  • UK sort code and account number available for GBP balances

TransferWise

  • available for verified customers
  • appears automatically for EUR balances
  • UK sort code and account number available for GBP balances
  • ABA and account number available for USD balances
  • BSB and account number available for AUD balances
  • account number available for NZD balances
  • account number available for PLN balances

IBAN Countries

Revolut

Personal IBANs assigned to Personal Current Account belong to the United Kingdom.

TransferWise

Personal IBANs assigned to TransferWise Borderless accounts belong to:

  • Belgium for EUR balances
  • the United Kingdom for GBP balances

Account Security

Revolut

n/a

TransferWise

TransferWise uses HTTPS encryption, and two-factor authentication to protect all customer transactions and make sure everything is secure. TransferWise will never misuse or sell customer data.

Pricing Plans

Revolut

Personal Current Account is offered with several pricing plans for different customer groups, namely Standard, Premium, Metal.

  • Standard
  • offered to: all countries
  • Monthly Fee 0.00 EUR
  • Free UK account
  • Free Euro IBAN account
  • Spend in over 150 currencies at the interbank exchange rate
  • No fee exchange in 30 fiat currencies up to €6,000 per month
  • No fee ATM withdrawals up to €200 per month
  • Open Account
  • Premium
  • offered to: all countries
  • Monthly Fee 7.99 EUR
  • Free UK account
  • Free Euro IBAN account
  • Spend in over 150 currencies at the interbank exchange rate
  • Unlimited exchange in 30 fiat currencies - no monthly limit
  • No fee ATM withdrawals up to €400 per month
  • Instant access to 5 cryptocurrencies
  • Premium card with exclusive designs
  • Disposable virtual cards
  • Open Account
  • Metal
  • offered to: all countries
  • Monthly Fee 13.99 EUR
  • Free UK account
  • Free Euro IBAN account
  • Spend in over 150 currencies at the interbank exchange rate
  • Unlimited exchange in 30 fiat currencies - no monthly limit
  • No fee ATM withdrawals up to €600 per month
  • Instant access to 5 cryptocurrencies
  • Exclusive Revolut Metal card
  • Disposable virtual cards
  • 0.1% cashback within Europe and 1% outside Europe on all card payments
  • Open Account

TransferWise

Borderless Account is offered with a single pricing plan for all customers.

  • Borderless Account
  • offered to: all countries
  • Initial Fee 0.00 EUR
  • SEPA Outgoing 0.60 EUR
  • SEPA Incoming 0.00 EUR
  • SWIFT Outgoing 0.60 EUR
  • SWIFT Incoming 0.00 EUR
  • Low conversion fees
  • Zero transaction fees
  • Free ATM withdrawals up to £200 per 30 days
  • Open Account

How to Open Revolut Account

Opening Personal Account
1.
Provide your details online
2.
Upload your proof of identity
3.
Account is ready to use in a few minutes
Revolut Personal Accounts are available to residents of all countries except for several sanctioned countries and territories.
Proof of Identity. To verify his/her identity, a private customer should take a picture of a valid government-issued ID and a picture of him/her-self.
Identity Verification. Revolut doesn't require a customer to verify his/her identity when opening an account, however to activate a Revolut card, the customer will have to verify his/her identity. Revolut will ask to submit a government-issued photo ID, a selfie, and sometimes a proof of your residency. The whole process normally takes less than 5 minutes.
Other Documents. Revolut doesn't require a proof of address, however upon reaching a certain account balance, the account holder will be asked about proof of funds.


How to Open TransferWise Account

Opening Borderless Account
1.
Provide your details online
2.
Upload your proof of identity
3.
Upload selfie with your proof of identity
4.
Account is ready to use in 2 days
Proof of Identity. Depending of the client's country, TransferWise accepts the following documents: passport, national ID card, driver's licence.


Compare Personal Cards

Revolut TransferWise
Revolut Ltd CardTransferwise Ltd Card
Card Typedebit
physical, virtual
contactless
debit
physical
Currencymulti currency
as per account
multi currency
as per account
Card ProviderVisa, MasterCard, MaestroMasterCard
Order Card Order Card
 

Card Type

Revolut

Revolut cards are debit cards, rather than prepaid cards. Revolut cards are issued as both physical (plastic) and virtual cards; plastic cards are delivered to the customer's address.

TransferWise

TransferWise cards are debit cards, rather than prepaid cards. TransferWise cards are issued only as physical (plastic) cards and are delivered to the customer's address.

Currency

Revolut

Revolut Personal Card is a multi-currency card, the funds can be held in different currencies at the same time. Revolut Personal Card can hold funds in any as the corresponding account, namely in USD, GBP, EUR, PLN, CHF, DKK, NOK, SEK, RON, SGD, HKD, AUD, NZD, TRY, ILS, AED, CAD, HUF, JPY, MAD, CZK, QAR, THB, ZAR, MXN, RUB, SAR, HRK, BGN.

TransferWise

TransferWise Personal Card is a multi-currency card, the funds can be held in different currencies at the same time. TransferWise Personal Card can hold funds in any as the corresponding account, namely in EUR, GBP, AUD, AED, ARS, BDT, BGN, CHF, CLP, CNY, CZK, DKK, EGP, GEL, HKD, HRK, HUF, CAD, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, USD, PEN, PHP, PLN, PKR, RON, RUB, SEK, SGD, THB, TRY, UAH, VND, ZAR.

Customer Group

Revolut

Revolut cards are available to verified Revolut customers globally, except for several countries and territories.

Up to 5 virtual cards can be connected to Revolut account.

Disposable virtual cards (suitable for one-time, online transactions) are available only to Revolut Premium customers.

TransferWise

TransferWise cards are currently available for the holders of TransferWise borderless accounts in the United Kingdom, United States, Switzerland and the European Economic Area (with the exception of Greece), Gibraltar (British Overseas Territory) and the UK Crown Dependencies: Guernsey, Isle of Man, and Jersey.

Card Loading

Revolut

Revolut card does not have a separate balance from Revolut e-wallet. So, topping up a Revolut e-wallet actually loads the Revolut cards connected to the e-wallet.

TransferWise

TrnaferWise card does not have a separate balance from TransferWise borderless account. So, topping up a TransferWise borderless account actually loads the TransferWise cards connected to the account.

Card Security

Revolut

Revolut provides a number of security settings which can be applied for each Revolut card separately:

  • location security
  • magstripe payments
  • contactless payments
  • ATM withdrawals
  • e-commerce transactions

TransferWise

3D Secure Payments. For some online payments, a TransferWise cardholder can be asked to approve the payment from his/her TransferWise app, or by using a code sent by SMS or voice call. This is called a 3D Secure online payment, and is an added level of security some websites ask for. At the moment, 3D secure payments are only supported for cards issued in the UK and the European Economic Area (EEA).

Pricing Plans

Revolut

Card Fees and Limits
StandardPremiumMetal
Card Issuance Feefreefreefree
Card Delivery FeeRegular: 4.99 GBP
Express: 19.99 EUR
Free Express DeliveryFree Express Delivery
Virtual Card FeeFirst Virtual Card: free
Extra Virtual Card: 4.99 GBP
freefree
ATM Withdrawal Feeup to 200 EUR: free
above: 2.00%
up to 400 EUR: free
above: 2.00%
up to 600 EUR: free
above: 2.00%

TransferWise

Card Fees and Limits
UK/EUAPACUS
Card Issuance Fee5 GBP/6 EUR10 AUD/10 NZD/10 SGD7 USD
Currency Exchange Fee0.24–3.69%0.24–3.69%0.24–3.69%
ATM Withdrawal Feeup to 200 GBP: free
above that: 2.00%
up to 350 AUD/350 NZD/350 SGD: free
above that: 2.00%
up to 250 USD: free
above that: 2.00%
ATM Withdrawal Daily Limit1,500 GBP2,700 AUD/NZD/SGD1,000 USD
ATM Withdrawal Monthly Limit4,000 GBP7,000 AUD/NZD/SGD4,000 USD
Contactless Payment Daily Limit1,000 GBP1,750 AUD/NZD/SGDn/a
Contactless Payment Monthly Limit4,000 GBP7,000 AUD/NZD/SGDn/a
Magnetic Stripe Daily Limit6,000 GBP10,500 AUD/NZD/SGD6,000 USD
Online Purchase Daily Limit10,000 GBP17,500 AUD/NZD/SGD2,000 USD
Online Purchase Monthly Limit30,000 GBP52,500 AUD/NZD/SGD10,000 USD

Compare Business Accounts

Revolut TransferWise
CurrencyUSD, GBP, EUR
and 26 more
EUR, GBP, AUD
and 43 more
Payment Cardsphysical
virtual
physical
virtual
Personal IBAN available (GB IBAN) available (BE, GB IBAN)
UK Account Number available available
Customer GroupsEEA, Switzerlandall countries
Pricing Plans Free
Grow
Scale
Enterprise
single for all customers
Open Account Open Account
 

Currency

Revolut

Business Current Account is a multi-currency account, allowing the account holder to have funds in USD, GBP, EUR, PLN, CHF, DKK, NOK, SEK, RON, SGD, HKD, AUD, NZD, TRY, ILS, AED, CAD, HUF, JPY, MAD, CZK, QAR, THB, ZAR, MXN, RUB, SAR, HRK, BGN.

TransferWise

Business Account is a multi-currency account, allowing the account holder to have funds in EUR, GBP, AUD, AED, ARS, BDT, BGN, CHF, CLP, CNY, CZK, DKK, EGP, GEL, HKD, HRK, HUF, CAD, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, USD, PEN, PHP, PLN, PKR, RON, RUB, SEK, SGD, THB, TRY, UAH, VND, ZAR.

Payment Cards

Revolut

Revolut Business Card can be ordered together with Business Current Account.

TransferWise

TransferWise Business Card (MasterCard) can be ordered together with Business Account. Virtual cards are not available.

Personal IBAN

Revolut

  • available for verified customers
  • appears automatically for EUR balances
  • UK sort code and account number available for GBP balances

TransferWise

  • available for verified customers
  • appears automatically for EUR balances
  • UK sort code and account number available for GBP balances
  • ABA and account number available for USD balances
  • BSB and account number available for AUD balances
  • account number available for NZD balances
  • account number available for PLN balances

IBAN Countries

Revolut

Personal IBANs assigned to Business Current Account belong to the United Kingdom.

TransferWise

Personal IBANs assigned to TransferWise Borderless accounts belong to:

  • Belgium for EUR balances
  • the United Kingdom for GBP balances

Account Security

Revolut

n/a

TransferWise

TransferWise uses HTTPS encryption, and two-factor authentication to protect all customer transactions and make sure everything is secure. TransferWise will never misuse or sell customer data.

Pricing Plans

Revolut

Business Current Account is offered with several pricing plans for different customer groups, namely Free, Grow, Scale, Enterprise.

  • Free
  • offered to: EEA, Switzerland
  • Monthly Fee 0.00 EUR
  • 2 free team members; €5 per user per month above free allowance
  • 5 free local transfers; €0.2 per transfer above free allowance
  • 0 free international transfers; €3 per transfer above free allowance
  • €0.00 allowance of FX at the real rate; 0.4% markup on FX above free allowance
  • Hold and exchange 28 currencies
  • Local accounts in GBP and EUR
  • IBAN for global transfers
  • Prepaid debit cards
  • Virtual cards
  • Open Account
  • Grow
  • offered to: EEA, Switzerland
  • Monthly Fee 25.00 EUR
  • 10 free team members; €5 per user per month above free allowance
  • 100 free local transfers; €0.2 per transfer above free allowance
  • 10 free international transfers; €3 per transfer above free allowance
  • €10,000.00 allowance of FX at the real rate; 0.4% markup on FX above free allowance
  • Hold and exchange 28 currencies
  • Local accounts in GBP and EUR
  • IBAN for global transfers
  • Prepaid debit cards
  • Virtual cards
  • Priority 24/7 support
  • Bulk payments
  • Expense management
  • Open Account
  • Scale
  • offered to: EEA, Switzerland
  • Monthly Fee 100.00 EUR
  • 30 free team members; €5 per user per month above free allowance
  • 1000 free local transfers; €0.2 per transfer above free allowance
  • 50 free international transfers; €3 per transfer above free allowance
  • €50,000.00 allowance of FX at the real rate; 0.4% markup on FX above free allowance
  • Hold and exchange 28 currencies
  • Local accounts in GBP and EUR
  • IBAN for global transfers
  • Prepaid debit cards
  • Virtual cards
  • Priority 24/7 support
  • Bulk payments
  • Expense management
  • Open Account
  • Enterprise
  • offered to: EEA, Switzerland
  • Monthly Fee 1000.00 EUR
  • ∞ free team members
  • ∞ free local transfers
  • ∞ free international transfers
  • ∞ allowance of FX at the real rate
  • Hold and exchange 28 currencies
  • Local accounts in GBP and EUR
  • IBAN for global transfers
  • Prepaid debit cards
  • Virtual cards
  • Priority 24/7 support
  • Bulk payments
  • Expense management
  • Open Account

TransferWise

Business Account is offered with a single pricing plan for all customers.

  • Business Account
  • offered to: all countries
  • Initial Fee 0.00 EUR
  • SEPA Outgoing 0.60 EUR
  • SEPA Incoming 0.00 EUR
  • SWIFT Outgoing 0.60 EUR
  • SWIFT Incoming 0.00 EUR
  • Batch payments
  • Xero integration
  • Open API
  • Monthly statements
  • Open Account

How to Open Revolut Account

Opening Business Account
1.
Provide your details online
2.
Upload your proof of identity
3.
Upload your company details
4.
Upload your proof of operating address
5.
Account is ready to use in 1-7 days
Revolut Business Accounts are available to companies registered and having physical presence in the EEA and Switzerland.
Company Details. A client needs to fill an application form online (including documents for a normal personal account, incorporation details of the company, a short description of the company and its directors and primary shareholders).
Proof of Operating Address. Physical presence in the EEA or Switzerland is an essential prerequisite for opening a Revolut account. Revolut accepts, for example, the following documents as such a proof: rental agreement for the office, utility bills, Employee payslip with proof of the employee's address.
The application is put into a waiting queue, and Revolut's team will contact the customer back to clarify additional details.
It usually takes between 1-7 days to open a business account.


How to Open TransferWise Account

Opening Business Account
1.
Provide your details online
2.
Upload your company details
3.
Upload your proof of identity
4.
Account is ready to use in 4-7 business days
Company Details. To open a TransferWise Business Account, a client needs to provide company details, including business registration, the industry which the company operates in, any online or social presence, name, date of birth, and country of residence for all legal business owners and directors.
Personal Details. Customer applying for opening TransferWise Business account, should provide his/her personal details and describe the role in the business.
The application is submitted for review, and TransferWise team will contact the customer back to clarify additional details.
It usually takes between 4-7 days to open a business account.
Country-Specific Requirements. If the business is registered in the United States, Singapore, Japan, Hong Kong, or New Zealand, there may be additional things TransferWise needs before having the account verified.


Compare Corporate Cards

Revolut TransferWise
Revolut Ltd CardTransferwise Ltd Card
Card Typedebit
physical, virtual
contactless
debit
physical
Currencymulti currency
as per account
multi currency
as per account
Card ProviderVisa, MasterCard, MaestroMasterCard
Order Card Order Card
 

Card Type

Revolut

Revolut cards are debit cards, rather than prepaid cards. Revolut cards are issued as both physical (plastic) and virtual cards; plastic cards are delivered to the customer's address.

TransferWise

TransferWise cards are debit cards, rather than prepaid cards. TransferWise cards are issued only as physical (plastic) cards and are delivered to the customer's address.

Currency

Revolut

Revolut Business Card is a multi-currency card, the funds can be held in different currencies at the same time. Revolut Business Card can hold funds in any as the corresponding account, namely in USD, GBP, EUR, PLN, CHF, DKK, NOK, SEK, RON, SGD, HKD, AUD, NZD, TRY, ILS, AED, CAD, HUF, JPY, MAD, CZK, QAR, THB, ZAR, MXN, RUB, SAR, HRK, BGN.

TransferWise

TransferWise Business Card is a multi-currency card, the funds can be held in different currencies at the same time. TransferWise Business Card can hold funds in any as the corresponding account, namely in EUR, GBP, AUD, AED, ARS, BDT, BGN, CHF, CLP, CNY, CZK, DKK, EGP, GEL, HKD, HRK, HUF, CAD, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, USD, PEN, PHP, PLN, PKR, RON, RUB, SEK, SGD, THB, TRY, UAH, VND, ZAR.

Customer Group

Revolut

Revolut cards are available to verified Revolut customers globally, except for several countries and territories.

Up to 5 virtual cards can be connected to Revolut account.

Disposable virtual cards (suitable for one-time, online transactions) are available only to Revolut Premium customers.

TransferWise

TransferWise cards are currently available for the holders of TransferWise borderless accounts in the United Kingdom, United States, Switzerland and the European Economic Area (with the exception of Greece), Gibraltar (British Overseas Territory) and the UK Crown Dependencies: Guernsey, Isle of Man, and Jersey.

Card Loading

Revolut

Revolut card does not have a separate balance from Revolut e-wallet. So, topping up a Revolut e-wallet actually loads the Revolut cards connected to the e-wallet.

TransferWise

TrnaferWise card does not have a separate balance from TransferWise borderless account. So, topping up a TransferWise borderless account actually loads the TransferWise cards connected to the account.

Card Security

Revolut

Revolut provides a number of security settings which can be applied for each Revolut card separately:

  • location security
  • magstripe payments
  • contactless payments
  • ATM withdrawals
  • e-commerce transactions

TransferWise

3D Secure Payments. For some online payments, a TransferWise cardholder can be asked to approve the payment from his/her TransferWise app, or by using a code sent by SMS or voice call. This is called a 3D Secure online payment, and is an added level of security some websites ask for. At the moment, 3D secure payments are only supported for cards issued in the UK and the European Economic Area (EEA).

Pricing Plans

Revolut

Card Fees and Limits
FreeGrowScaleEnterprise
First Card per Team Memberfreefreefreefree
Subsequent Cards DeliveryStandard: 4.99 GBP
Express: Varies by country and address
Standard: 4.99 GBP
Express: Varies by country and address
Standard: 4.99 GBP
Express: Varies by country and address
Standard: 4.99 GBP
Express: Varies by country and address
ATM Withdrawal Fee2.00 %2.00 %2.00 %2.00 %
Physical Cardstwo per team membertwo per team membertwo per team membertwo per team member
Virtual Cards20 per month20 per month20 per month20 per month
Monthly Card Spendunlimitedunlimitedunlimitedunlimited
Monthly Top-upunlimitedunlimitedunlimitedunlimited
ATM Withdrawal Limit3,000 GBP per day3,000 GBP per day3,000 GBP per day3,000 GBP per day

TransferWise

Card Fees and Limits
UK/EUAPACUS
Card Issuance Fee5 GBP/6 EUR10 AUD/10 NZD/10 SGD7 USD
Currency Exchange Fee0.24–3.69%0.24–3.69%0.24–3.69%
ATM Withdrawal Feeup to 200 GBP: free
above that: 2.00%
up to 350 AUD/350 NZD/350 SGD: free
above that: 2.00%
up to 250 USD: free
above that: 2.00%
ATM Withdrawal Daily Limit1,500 GBP2,700 AUD/NZD/SGD1,000 USD
ATM Withdrawal Monthly Limit4,000 GBP7,000 AUD/NZD/SGD4,000 USD
Contactless Payment Daily Limit1,000 GBP1,750 AUD/NZD/SGDn/a
Contactless Payment Monthly Limit4,000 GBP7,000 AUD/NZD/SGDn/a
Magnetic Stripe Daily Limit6,000 GBP10,500 AUD/NZD/SGD6,000 USD
Online Purchase Daily Limit10,000 GBP17,500 AUD/NZD/SGD2,000 USD
Online Purchase Monthly Limit30,000 GBP52,500 AUD/NZD/SGD10,000 USD