Wise vs Revolut: Which Is Cheaper and Faster?
Wise and Revolut both offer cheap multi-currency transfers, but they take fundamentally different approaches: Wise specialises in cross-border money movement, Revolut bundles transfers into a broader fintech super-app. Pricing varies sharply by currency, day-of-week and amount — always check both at quote time.
Details
Fees — Wise: Wise charges a transparent variable + fixed fee using the live mid-market rate. Cost is visible upfront before you confirm.
Fees — Revolut: Revolut offers a monthly free FX allowance on paid plans (Premium / Metal / Ultra) plus tighter margins on weekdays; weekends typically add a 0.5-1% markup. Free plan has monthly FX limits.
Speed — Wise: Local rails: minutes to same-day. SWIFT-routed transfers: 1-2 business days.
Speed — Revolut: Revolut-to-Revolut: instant. SEPA Instant: seconds. SWIFT-routed: 1-2 business days.
Best for — Wise: Frequent international transfers, business customers needing MT103/UETR for reconciliation, customers wanting transparent fee breakdown.
Best for — Revolut: Customers who want a card + travel + crypto + cross-border bundle in one app, light-to-medium FX usage with weekday timing.
Bottom line: For pure cross-border value, get a same-day quote from both — pricing differences are often small, and the right choice usually depends on which features you need.
Key facts
- Wise: Frequent international transfers, business customers needing MT103/UETR for reconciliation, customers wanting transparent fee breakdown.
- Revolut: Customers who want a card + travel + crypto + cross-border bundle in one app, light-to-medium FX usage with weekday timing.
- Always get a same-day quote from both before committing.
- For any SWIFT-routed transfer (either provider), Ohmyfin shows live GPI status by UETR.
Frequently asked questions
Is Wise or Revolut cheaper for sending money abroad?
It depends on the corridor, amount, day of week, and your Revolut plan. Get a same-day quote from both at the moment of transfer.
Which is faster, Wise or Revolut?
Both are similar — local-rail transfers settle in minutes to same-day, SWIFT-routed transfers take 1-2 business days for either service.
Does Wise or Revolut use SWIFT?
Both use SWIFT sometimes — when the destination currency has no local rail, or for large business transfers. Most consumer transfers use local rails.
Can I track a Wise or Revolut SWIFT transfer on Ohmyfin?
Yes — if it went via SWIFT and you have the UETR. Paste it into Ohmyfin for live GPI status.
Which has better customer support?
Both are app-first with chat support. Wise has a stronger reputation for business support; Revolut for self-service in-app tools.
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