Wise vs Revolut Comparison (2026): Fees, FX Rates & Features

Key Takeaways

• Wise and Revolut are two popular financial platforms that offer multi-currency accounts with competitive FX rates and global spending support
• Wise uses the mid-market exchange rate with transparent fees, while Revolut applies its own rates (with weekend markups)
• Wise supports 40+ currencies and provides local account details, while Revolut offers more lifestyle features like crypto and insurance
• Revolut has tiered plans, while Wise is largely pay-as-you-go with no subscription fee
• The better option depends on whether you prioritise low fees (Wise) or extra features (Revolut)

When comparing Wise vs Revolut, both platforms stand out as go-to names for anyone who needs to manage money across borders. They are widely known for their competitive exchange rates, low fees, and broad currency support, making them popular alternatives to traditional banks.

Whether you’re a digital nomad, an overseas worker sending money home, or just someone who hates getting ripped off by bank exchange rates and FX charges, you’re probably wondering which multi-currency card is the best on the market.

In this guide, we’ll break down Wise vs Revolut, comparing their fees, supported currencies, exchange rates, and key features to help you decide which card best suits your needs.

Side note: neither Wise nor Revolut is a bank; instead, they are fintech platforms that provide financial services such as currency exchange, international transfers, and debit cards.

Overview: Wise vs Revolut

What Is Wise?

Wise (formerly TransferWise) is a global fintech platform founded in 2011 and launched in Singapore in 2016. It is best known for offering low-cost international money transfers and multi-currency accounts.

With Wise, users can:

• Hold 40+ currencies
• Send money internationally at a low cost
• Spend in 160+ countries and territories conveniently using the Wise debit card
• Receive money using local account details (e.g. SGD, USD, EUR)
• Use the Wise debit card to withdraw money internationally with ease

One of Wise’s biggest advantages is that it uses the mid-market exchange rate—the same rate you see on search engines—with a small, transparent fee and zero hidden markups.

Wise also allows 2 free withdrawals per month from overseas ATMs of up to S$350, with a 1.75% fee + S$1.50 for any withdrawals after that.

Is Wise Safe to Use in Singapore?

Yes. While Wise isn’t a bank, it’s regulated in Singapore by the Monetary Authority of Singapore (MAS) and holds a Capital Market Services Licence. Wise is also regulated globally.

Customer funds are safeguarded. They are held in a segregated account, separate from company funds, ensuring that they’re kept safe at all times.

To further protect users, Wise incorporates several security features, including:

• Two-step authentication (2FA)
• Biometric login and encryption
• Customisable security controls, such as hiding currencies, location permissions, and auto log-out
• Real-time transaction notifications
• Digital cards with unique card details
• Instant card freezing
• 24/7 customer support in English and 14 other languages

What Is Revolut?

Revolut burst onto the scene in 2015 and entered Singapore in 2019. It started as a travel card that offered fee-free currency exchange, but has grown into a “financial super-app”. Beyond just moving money around swiftly, Revolut lets you trade stocks, dabble in crypto, and purchase insurance policies, all within the same app.

Similar to Wise, Revolut offers multi-currency accounts where you can:

• Hold and swap multiple currencies
• Spend abroad with a Revolut physical or virtual debit card
• Withdraw cash from overseas ATMs

Revolut also offers tiered subscription plans:

• Standard (Free): Fee-free currency exchange on weekdays (up to a limit), but there’s that annoying 1% weekend markup, and free ATM withdrawals of up to S$350/month (or 5 withdrawals, whichever comes first).
• Premium (S$10.99/month or S$109/year): Better ATM withdrawal limits (first S$700/month), no weekend exchange fees on weekends, global travel insurance, 24/7 customer support, and free access to popular lifestyle, news, and productivity subscriptions such as NordVPN Standard, Super Duolingo, Piscart Pro, Freeletics, and more
• Metal (S$21.99/month or S$219/year): Every perk from Premium, plus 1.5% cashback on spending, fee-free overseas ATM withdrawals of up to S$1,050/month, exclusive personalised metal card, unlimited fee-free international transfers, unlimited exchange with no additional fees in 30+ currencies, and free additional subscriptions worth S$2,735 a year

Below are the bundled subscriptions included in Revolut Premium and Revolut Metal plans:

• Revolut Premium plan: NordVPN Standard, Super Duoling, Tinder Plus, Headspace, Freeletics, Piscart Pro, Sleep Cycle Premium, Flo Premium, Laundryheap, Lovable Lite
• Revolut Metal plan: NordVPN Plus, Financial Times, ClassPass, MasterClass, Super Duolingo, Tinder Gold, Headspace, Sleepcycle, Piscart Pro, Freeletics, The Athletic, WeWork, Laundryheap, Flo Premium, Lovable Lite

Is Revolut Safe to Use in Singapore?

Yes. In Singapore, Revolut is regulated by MAS as a major Payment Institution. It also operates under regulatory frameworks across multiple jurisdictions, and user funds are safeguarded in segregated accounts held by licensed partners under the Payment Services Act set by MAS. This means that in the event of insolvency, customers can claim their funds from these accounts.

As Revolut is not a bank, it does not lend or invest customer deposits, which further reduces risk exposure.

Furthermore, Revolut also implements sophisticated security features, including:

• Strict identity verification checks
• Biometric authentication
• Customisable in-app security settings of more than 10 features
• AI algorithms to flag suspicious activity
• A dedicated 24/7 Financial Crime team to help resolve issues
• Two-factor authentication for sensitive transactions

Wise vs Revolut: Fees

Wise vs Revolut: International Transfers and Exchange Rates

One of the key differences between Wise and Revolut lies in how they handle exchange rates.

Wise uses the mid-market rate—the actual exchange rate you’d see on search engines or XE.com—plus a small, transparent fee (starting at around 0.26%) to convert. The fee changes depending on which currencies you’re swapping, with no hidden markups.

On the other hand, Revolut uses its own exchange rate. While this rate is generally close to the mid-market on weekdays, a markup applies on weekends. Although you don’t have to pay an additional fee if you’re a Premium or Metal Revolut customer, fair usage limits may still apply.

To give you a clearer picture, let’s take a look at Wise vs Revolut based on converting S$100 to different currencies (as of 15 April 2026):

Overall, Revolut offer better exchange rates, though the differences are negligible. Wise and Revolut offer very similar exchange rates, so you won’t go wrong with either platform, as both are generally competitive.

That said, if you’re using the Revolut Standard plan, it’s important to factor in the 1% weekend markup, which can make conversions slightly more expensive (though you can most certainly convert in advance during market hours on weekdays). With Wise, there’s more consistency as there’s no weekend markup!

It’s also worth noting that Revolut doesn’t support holding MYR at the time of writing. In cases like this, Revolut will automatically convert your balance to the currency you’re paying in. You could also use their currency converter to monitor exchange rates before making a transaction.

Pros and Cons of Wise

Pros

• Uses mid-market exchange rate
• Transparent and low fees
• Supports 40+ currencies, and the card can be used in 160+ countries and territories
• Provides local account details
• No subscription fees

Cons

• No premium lifestyle features
• Debit card issuance fee
• Free overseas ATM withdrawals capped at S$100 per month from 1 May 2026

Pros and Cons of Revolut

Pros

• Feature-rich app (crypto, stocks, insurance)
• Free debit card
• Tiered plans with added perks
• Competitive FX rates (weekday)
• Free access to subscriptions such as NordVPN, ClassPass, Financial Times, The Athletic, MasterClass, Pissart Pro, WeWork, and more (Premium and Metal plans only)

Cons

• Weekend FX markup
• Limits on free currency exchange
• Some features are locked behind paid plans

Summary: Revolut vs Wise

When comparing Wise vs Revolut, both platforms offer strong features that let you transfer funds to multiple countries and keep and hold multiple currencies for your convenience.

• Go with Wise if you want:
  • More currency support
  • More straightforward option with no subscription fees
  • No weekend markups
  • To hold accounts in different countries
• Choose Revolut if you want:
  • A feature-rich app with extra perks such as crypto, stock, and travel features
  • Higher cash withdrawals from overseas ATMs
  • Subscription-based benefits, such as higher overseas ATM withdrawals, cashback, and bundled subscriptions
  • To hold more virtual cards

Ultimately, the best choice depends on your priorities—whether it’s saving on fees or accessing additional features in one single app.

If you’re still exploring your options, see how Wise and Revolut stack up against the best multi-currency cards in Singapore, or check out our Wise vs YouTrip and Revolut vs YouTrip comparisons.

If you’re into cashback, consider the Mari Credit Card, which offers 1.5% cashback on overseas spending, no foreign currency transaction fees and pretty competitive exchange rates.

Looking for extra financial flexibility? Explore personal loan options on our Personal Loan page and apply today.