Revolut vs Remitly

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

Revolut is a Online Services solution with tags like banking, currency-exchange, cryptocurrency, payments, mobile-app.

It boasts features such as Free international money transfers, Fee-free spending, Interbank exchange rates, Cryptocurrency exchange, Peer-to-peer payments, Virtual debit cards, Travel insurance, Stock trading and pros including 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.

On the other hand, Remitly is a Online Services product tagged with remittance, international-money-transfer, mobile-money-transfer.

Its standout features include 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 it shines with pros like Easy to use interface, Fast money transfers, Good exchange rates, Low fees, Secure platform.

Feature	Revolut	Remitly
Overall Score	N/A	N/A
Primary Category	Online Services	Online Services

Product Overview

Revolut

Description: 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.

Remitly

Description: 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.

Key Features Comparison

Revolut Features

• Free international money transfers
• Fee-free spending
• Interbank exchange rates
• Cryptocurrency exchange
• Peer-to-peer payments
• Virtual debit cards
• Travel insurance
• Stock trading

Remitly Features

• 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

Pros & Cons Analysis

Revolut

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

Remitly

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

Pricing Comparison

Revolut

• Freemium
• Subscription-Based

Remitly

• Freemium