{"slug":"revolut-vs-wise","title":"Revolut vs Wise","url":"https://www.aversusb.net/compare/revolut-vs-wise","faqCount":5,"faqs":[{"question":"Is Wise or Revolut cheaper for international transfers?","answer":"Wise is typically cheaper and more predictable for international transfers. Wise always uses the mid-market exchange rate with a transparent fee (0.4–1.5% depending on currency). Revolut's Standard tier offers mid-market rate transfers up to £1,000/month, then applies fees; it also adds a 1% markup on weekends when currency markets are closed. For large or frequent transfers, Wise's transparent fee structure usually wins; for occasional small transfers within Revolut's monthly limit, Revolut can be equivalent."},{"question":"Is Revolut a bank?","answer":"In the UK and EEA (European Economic Area), Revolut has a banking licence (issued 2021 in Lithuania for EEA; UK banking licence granted 2024). This means EEA/UK deposits are protected under European/UK deposit guarantee schemes (up to €100,000/£85,000). In other countries (US, Australia, etc.), Revolut operates as an e-money institution, not a bank — funds may be safeguarded but not covered by standard deposit insurance. Wise is not a bank anywhere; it is an authorised payment institution with safeguarding obligations."},{"question":"Can I receive money into a Wise or Revolut account?","answer":"Both offer account details for receiving payments. Wise Account provides local bank account details in 9+ currencies (GBP, EUR, USD, AUD, NZD, CAD, HUF, RON, SGD) — ideal for receiving international salary payments or freelance income. Revolut provides IBAN in the EEA and account details in other markets, but local US bank account details are available on all tiers. For receiving payments in multiple currencies without conversion: Wise is more mature and widely accepted."},{"question":"Is Wise better than Revolut for business?","answer":"Wise is generally stronger for business international payments. Wise Business offers transparent batch payments, API integration, invoice payment links, and local account details in multiple currencies — purpose-built for international operations. Revolut Business is also capable but positions itself more as an expense management and banking tool. For e-commerce, freelancer platforms, and businesses with international suppliers: Wise. For companies wanting integrated expense cards, accounting integrations, and business banking features: Revolut Business."},{"question":"Does Revolut charge fees on the free tier?","answer":"Yes — Revolut Standard (free) has limits: currency exchange at mid-market rate is capped at £1,000/month (beyond which a 0.5% fee applies); ATM withdrawals are free up to £200/month (then 2% fee); international transfers to bank accounts incur a small fee (from £0.30). A 1% markup also applies on weekend currency exchanges. Revolut Premium (£6.99/month) removes most limits. Wise has no monthly fee but charges a transparent fee on every transfer regardless of amount."}],"faqPageSchema":{"@context":"https://schema.org","@type":"FAQPage","@id":"https://www.aversusb.net/compare/revolut-vs-wise#faq","url":"https://www.aversusb.net/compare/revolut-vs-wise","inLanguage":"en-US","name":"Revolut vs Wise — FAQ","description":"Frequently asked questions about Revolut vs Wise","dateModified":"2026-10-06T09:00:06.811Z","author":{"@type":"Organization","@id":"https://www.aversusb.net/#organization","name":"A Versus B"},"publisher":{"@type":"Organization","@id":"https://www.aversusb.net/#organization","name":"A Versus B"},"isPartOf":{"@type":"Article","@id":"https://www.aversusb.net/compare/revolut-vs-wise#article"},"license":"https://creativecommons.org/licenses/by/4.0/","speakable":{"@type":"SpeakableSpecification","@id":"https://www.aversusb.net/compare/revolut-vs-wise#faq-speakable","cssSelector":[".faq-answer"]},"mainEntity":[{"@type":"Question","@id":"https://www.aversusb.net/compare/revolut-vs-wise#q1","name":"Is Wise or Revolut cheaper for international transfers?","answerCount":1,"acceptedAnswer":{"@type":"Answer","@id":"https://www.aversusb.net/compare/revolut-vs-wise#a1","text":"Wise is typically cheaper and more predictable for international transfers. Wise always uses the mid-market exchange rate with a transparent fee (0.4–1.5% depending on currency). Revolut's Standard tier offers mid-market rate transfers up to £1,000/month, then applies fees; it also adds a 1% markup on weekends when currency markets are closed. For large or frequent transfers, Wise's transparent fee structure usually wins; for occasional small transfers within Revolut's monthly limit, Revolut can be equivalent.","inLanguage":"en-US","url":"https://www.aversusb.net/compare/revolut-vs-wise","upvoteCount":1,"author":{"@type":"Organization","@id":"https://www.aversusb.net/#organization","name":"A Versus B"}}},{"@type":"Question","@id":"https://www.aversusb.net/compare/revolut-vs-wise#q2","name":"Is Revolut a bank?","answerCount":1,"acceptedAnswer":{"@type":"Answer","@id":"https://www.aversusb.net/compare/revolut-vs-wise#a2","text":"In the UK and EEA (European Economic Area), Revolut has a banking licence (issued 2021 in Lithuania for EEA; UK banking licence granted 2024). This means EEA/UK deposits are protected under European/UK deposit guarantee schemes (up to €100,000/£85,000). In other countries (US, Australia, etc.), Revolut operates as an e-money institution, not a bank — funds may be safeguarded but not covered by standard deposit insurance. Wise is not a bank anywhere; it is an authorised payment institution with safeguarding obligations.","inLanguage":"en-US","url":"https://www.aversusb.net/compare/revolut-vs-wise","upvoteCount":1,"author":{"@type":"Organization","@id":"https://www.aversusb.net/#organization","name":"A Versus B"}}},{"@type":"Question","@id":"https://www.aversusb.net/compare/revolut-vs-wise#q3","name":"Can I receive money into a Wise or Revolut account?","answerCount":1,"acceptedAnswer":{"@type":"Answer","@id":"https://www.aversusb.net/compare/revolut-vs-wise#a3","text":"Both offer account details for receiving payments. Wise Account provides local bank account details in 9+ currencies (GBP, EUR, USD, AUD, NZD, CAD, HUF, RON, SGD) — ideal for receiving international salary payments or freelance income. Revolut provides IBAN in the EEA and account details in other markets, but local US bank account details are available on all tiers. For receiving payments in multiple currencies without conversion: Wise is more mature and widely accepted.","inLanguage":"en-US","url":"https://www.aversusb.net/compare/revolut-vs-wise","upvoteCount":1,"author":{"@type":"Organization","@id":"https://www.aversusb.net/#organization","name":"A Versus B"}}},{"@type":"Question","@id":"https://www.aversusb.net/compare/revolut-vs-wise#q4","name":"Is Wise better than Revolut for business?","answerCount":1,"acceptedAnswer":{"@type":"Answer","@id":"https://www.aversusb.net/compare/revolut-vs-wise#a4","text":"Wise is generally stronger for business international payments. Wise Business offers transparent batch payments, API integration, invoice payment links, and local account details in multiple currencies — purpose-built for international operations. Revolut Business is also capable but positions itself more as an expense management and banking tool. For e-commerce, freelancer platforms, and businesses with international suppliers: Wise. For companies wanting integrated expense cards, accounting integrations, and business banking features: Revolut Business.","inLanguage":"en-US","url":"https://www.aversusb.net/compare/revolut-vs-wise","upvoteCount":1,"author":{"@type":"Organization","@id":"https://www.aversusb.net/#organization","name":"A Versus B"}}},{"@type":"Question","@id":"https://www.aversusb.net/compare/revolut-vs-wise#q5","name":"Does Revolut charge fees on the free tier?","answerCount":1,"acceptedAnswer":{"@type":"Answer","@id":"https://www.aversusb.net/compare/revolut-vs-wise#a5","text":"Yes — Revolut Standard (free) has limits: currency exchange at mid-market rate is capped at £1,000/month (beyond which a 0.5% fee applies); ATM withdrawals are free up to £200/month (then 2% fee); international transfers to bank accounts incur a small fee (from £0.30). A 1% markup also applies on weekend currency exchanges. Revolut Premium (£6.99/month) removes most limits. Wise has no monthly fee but charges a transparent fee on every transfer regardless of amount.","inLanguage":"en-US","url":"https://www.aversusb.net/compare/revolut-vs-wise","upvoteCount":1,"author":{"@type":"Organization","@id":"https://www.aversusb.net/#organization","name":"A Versus B"}}}]}}