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Revolut vs Wise: Which one to choose?

Compare Revolut and Wise to make an informed decision for your financial goals.
Whether you’re interested in mobile banking, unique features, or specific benefits, this comparison will help you!
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Features, Benefits and How they work

Revolut and Wise are both fintech platforms offering mobile banking solutions, but they cater to different needs and audiences with their unique features and services.

Revolut is a global financial technology company known for its broad range of services, including international money transfers and currency exchange. It allows users to hold and manage multiple currencies through its multi-currency accounts and offers competitive exchange rates with minimal fees. Revolut’s debit card can be used worldwide, and its app includes budgeting tools to help users track their expenses.

Additionally, Revolut provides the ability to buy, hold, and trade cryptocurrencies. For those seeking enhanced features, Revolut offers paid plans with benefits such as higher withdrawal limits, travel insurance, and exclusive offers. With its presence in over 35 countries, Revolut is particularly suited for frequent travelers and expatriates.

Revolut home page
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On the other hand, Wise, formerly known as TransferWise, is a UK-based financial technology company founded in 2011. It specializes in providing low-cost international money transfers and multi-currency accounts, allowing users to send, spend, and receive money globally with minimal fees.
Wise’s transparent fee structure and real exchange rates make it a popular choice for individuals and businesses needing reliable cross-border financial services. The company is known for its commitment to transparency and efficiency in the financial sector.
Wise home page
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Regarding pricing, Revolut and Wise provide free basic accounts, though additional fees may apply for certain services. BRevolut has multiple paid subscription plans that offer extra benefits, such as increased cashback rewards and access to premium features.

In summary, Revolut is well-suited for users looking for a versatile financial app that combines everyday banking with advanced features like cryptocurrency trading and premium travel benefits. Wise, on the other hand, is the go-to platform for individuals and businesses who prioritize low-cost, transparent international money transfers and multi-currency management. Your choice between the two will depend on whether you need a broad range of banking services or a specialized solution for managing international transactions.

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