Remitly vs Revolut

Struggling to choose between Remitly and Revolut? Both products offer unique advantages, making it a tough decision.

Remitly is a Online Services solution with tags like remittance, international-money-transfer, mobile-money-transfer.

It boasts features such as Send money abroad to over 50 countries, Low fees compared to traditional wire transfers, Mobile app and web interface, Receive and send money in local currencies, Track money transfers in real-time, Scheduled and recurring transfers and pros including Easy to use interface, Fast money transfers, Good exchange rates, Low fees, Secure platform.

On the other hand, Revolut is a Online Services product tagged with banking, currency-exchange, cryptocurrency, payments, mobile-app.

Its standout features include Free international money transfers, Fee-free spending, Interbank exchange rates, Cryptocurrency exchange, Peer-to-peer payments, Virtual debit cards, Travel insurance, Stock trading, and it shines with pros like Easy to use mobile app interface, No fees for standard account, Good exchange rates, Supports many currencies, Virtual and physical debit cards, Allows cryptocurrency trading, Offers travel insurance, Provides stock trading.

To help you make an informed decision, we've compiled a comprehensive comparison of these two products, delving into their features, pros, cons, pricing, and more. Get ready to explore the nuances that set them apart and determine which one is the perfect fit for your requirements.

Remitly

Remitly

Remitly is a financial services company that focuses on providing international money transfer services. Its online platform and mobile apps allow users to safely and easily send money abroad with transparent fees and exchange rates.

Categories:
remittance international-money-transfer mobile-money-transfer

Remitly Features

  1. Send money abroad to over 50 countries
  2. Low fees compared to traditional wire transfers
  3. Mobile app and web interface
  4. Receive and send money in local currencies
  5. Track money transfers in real-time
  6. Scheduled and recurring transfers

Pricing

  • Freemium

Pros

Easy to use interface

Fast money transfers

Good exchange rates

Low fees

Secure platform

Cons

Limited country availability

ID verification can be strict

Customer support lacks phone option

Fee for receiving money


Revolut

Revolut

Revolut is a financial services company that offers banking, currency exchange, cryptocurrency exchange, peer-to-peer payments, and other financial services through a mobile app. It aims to provide an alternative to traditional banks by offering free international money transfers, fee-free spending, and interbank exchange rates.

Categories:
banking currency-exchange cryptocurrency payments mobile-app

Revolut Features

  1. Free international money transfers
  2. Fee-free spending
  3. Interbank exchange rates
  4. Cryptocurrency exchange
  5. Peer-to-peer payments
  6. Virtual debit cards
  7. Travel insurance
  8. Stock trading

Pricing

  • Freemium
  • Subscription-Based

Pros

Easy to use mobile app interface

No fees for standard account

Good exchange rates

Supports many currencies

Virtual and physical debit cards

Allows cryptocurrency trading

Offers travel insurance

Provides stock trading

Cons

Limited customer service

Can freeze accounts without warning

Not a full-service bank

Higher fees for premium accounts

Cryptocurrency fees can be high

Stock trading has limited features