How Do I Withdraw Money From Revolut
Ever since their respective launch in 2011 and 2015, Wise and Revolut are both striving to make information technology easier for people to ship and receive money away, offering both personal and business concern accounts to their customers. They tin can save you a lot of time and coin, and they offering a variety of other cool features too. They are established, trusted, and calculation new features and benefits all the time, but if we compare Revolut vs Wise, which one comes out on top?
Information technology's time to answer the question—this article will help yous make up one's mind.
But before we start, a word.
If transparent fees, more than available currencies and no extra fees on the weekends are important for you—just give Wise a go! You can open up a gratis business relationship in minutes and start saving up to 10x compared to regular banks.
Open a gratis Wise account in minutes 🚀
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Revolut vs Wise: Accounts
Revolut and Wise tin can be used to ship and receive coin all over the globe. They come with their own debit cards—which we'll likewise compare below—and offer cheaper currency conversions and coin transfers than regular banks
Take a await below to see all bachelor Wise and Revolut accounts:
| Account Type | Fees (Paid Monthly) | Currencies to Hold |
|---|---|---|
| Revolut Standard | Free¹ | 28² |
| Revolut Premium | $9.99¹ | 28² |
| Revolut Metal | $16.99¹ | 28² |
| Wise | Gratis | 56 |
For a fee of $nine.99 per month, yous tin can gain admission to features such as a higher annual per centum yield (APY) on your savings, disposable virtual cards, and premium debit cards with Revolut Premium. Plus, for a monthly fee of $sixteen.99, Revolut offers you Metallic, a menu made of steel.¹ Also, for those betwixt 12 and 17, the company offers a feature called Revolut Inferior.
Wise offers one account without any monthly fees and will give y'all access to a wider variety of currencies to hold as you can hold 28 currencies with Revolut accounts¹ and 56 currencies with Wise.
| A plus of Wise is that you tin become local bank details with your multi-currency business relationship in EUR, GBP, CAD, AUD, USD, NZD, SGD, HUF and Try. Yous can share these bank details with anyone – and go paid like a local. |
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Get a Wise multi-currency account for complimentary 💰
Revolut vs Wise: Money Transfer
Traditionally, if you lot wanted to make an international money transfer, you had to go through your bank – and pay hefty bank transfer fees for sending money abroad.
Revolut and Wise were both established to provide a solution to this problem, and they work by assuasive users all over the world to transport and receive money in almost currencies and at whatsoever time of the day or night—offering great alternatives to regular bank accounts.
| Account Blazon | Transfers to Other Users | Exchange Inside Exchange Hours | Exchange Exterior of Exchange Hours |
|---|---|---|---|
| Revolut Standard | Gratis³ | Mid-market rate (+ 1.0% for RUB, THB and UAH)³ | Mid-marketplace Rate + 0.5% - 2%³ |
| Revolut Premium | Free³ | Mid-market rate (+ one.0% for RUB, THB and UAH)³ | Mid-market Rate + 0.5% - 2%³ |
| Revolut Metal | Gratuitous³ | Mid-market rate (+ 1.0% for RUB, THB and UAH)³ | Mid-marketplace rate + 0.5% - two.0%³ |
| Wise | Free | Mid-market place rate | Mid-market charge per unit |
Equally you can see, both Revolut and Wise use the mid-market exchange rate. 1 difference with Revolut that at that place is an extra 1.0% fee if you lot'd similar to motion RUB, THB or UAH. Revolut also charges a fee outside exchange hours, which tin can range between 0.five% - 2.0%.² This tin can be a potential dealbreaker if y'all don't like such limitations.
With Wise, you'll always pay the mid-market rate and a small-scale, transparent fee – doesn't matter which currency you'd like to utilise and when.
Join Wise for free and first saving 👀
Revolut vs Wise: Cards
Wise and Revolut offer their users debit cards that can be used to pay for products and services in a number of currencies. These cards tin can also be used to withdraw money in most countries.
If you've ever been caught brusk on vacation and have needed a few bucks to pay for a meal, attraction, or gift, you'll empathize how nice is to have a multi-currency carte with you. Instead of relying on local currency exchanges or banks, which could accuse yous extortionate rates, you can merely use your Wise card or Revolut card.
To see the fees, let'due south have a look at this table:
| Account Type | Currencies Available to Pay With | ATM Withdrawal Fees | Menu Order Fees |
|---|---|---|---|
| Revolut Standard | 150+ Currencies¹ | Up to $300 per month is free. 2% thereafter.³ | $4.99 Standard Delivery ($19.99 for Express Commitment)³ |
| Revolut Premium | 150+ Currencies¹ | Up to $600 per calendar month is free. 2% thereafter.³ | Gratuitous³ |
| Revolut Metal | 150+ Currencies¹ | Up to $i,200 per month is gratuitous. ii% thereafter.³ | Free³ |
| Wise | 150+ Currencies | two complimentary withdrawals up to $100. $ane.50 and two% thereafter. See full terms and weather hither. | $9 |
Open up a free Wise account right now 🙌
In terms of available currencies to spend in, there is no divergence between Revolut vs Wise as both offer 150+ currencies.While the Revolut Standard card is costless of charge, keep in listen at that place is a $4.99 commitment cost and this jumps to $19.99 if you desire express delivery. Plus, you can get 2 costless carte du jour replacements with a Revolut Standard account (subject to delivery charges) but all boosted ones price $12.99.
For Revolut Premium, the visitor offers free limited commitment and the same is true for the Revolut Metal, but with the latter, yous'll only get one free replacement, and it costs $70 thereafter.
Wise charges a flat and transparent $9 for ordering a card plus $five for a replacement carte. For more information nearly pricing in the US, run across full terms and conditions hither.
Both of these services offer virtual cards, though Wise currently runs the characteristic in beta at the moment. They work just like physical cards but exist entirely nigh and can be created and used at no extra cost.
When it comes to paying with your phone, both Revolut and Wise offers Apple Pay and Google Pay integration to their customers.
Revolut vs Wise: Customer Support
Both Revolut and Wise have very capable support sections and many of their 5-star reviews praise the companies for their efforts in this department.
You volition find extensive FAQs and help sections on both websites, and these are substantial enough to comprehend whatsoever possible question. There are also Live Chat features, and these will connect you to an amanuensis following a very short await.
Ane of the biggest benefits of these services is that the support teams actually know what they are doing and are able to help. Many Live Chat services are outsourced to low-level staff members who don't have access to accounts, have a tenuous connection to the service and are unable to offering whatsoever technical assistance. That is not the case hither – both Revolut and Wise are exceptional when information technology comes to client back up.
| 1 divergence between the 2 products is that Revolut offers Priority customer support for Revolut Premium and Revolut Metal customers.¹ Wise practise not differentiate between customer and client—anybody gets the aforementioned degree of quality back up. |
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Verdict: Is Revolut Ameliorate Than Wise?
It really depends on what you're looking for and why you need the service.
If you're looking to invest in cryptocurrency and stocks while making international money transfers, so Revolut is a good option as it offers these investment opportunities.
Plus, Revolut and Wise too offering budgeting features which tin can be accessed in their mobile applications—Wise calls the feature Jars while in the Revolut app it'southward chosen Vaults.
If yous are looking for purely a currency commutation and money transfer service—a borderless account that you tin can use for sending and receiving coin, transferring money, and using your debit card away with ease—Wise can be a great choice.
Wise offers completely transparent fees, covers a wider range of currencies, and doesn't accuse fees for transactions made during the weekend. There are as well absolutely no account fees. Every user has a free account—and it takes just a few minutes to open up one.
Find out more virtually Wise 👍
Sources:
All sources checked on 26 March 2021
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Source: https://wise.com/us/blog/revolut-vs-wise
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