Revolut vs Wise
short answerRevolut is a hybrid neobank and Wise is traditional. Revolut holds its own banking license and is the larger platform (~50M users); Wise is built for travel & digital nomads. Compare custody, license, FX markup and fees field by field below.
Revolut: 50M+ users; crypto trading; stablecoin in FCA sandbox 2026.
Wise: Mid-market-rate FX; 16M+ customers.
Side by side
| Revolut | Wise | |
|---|---|---|
| Category | hybrid | traditional |
| Audience | general | travel & digital nomads |
| HQ | London, UK | London, UK |
| Founded | 2015 | 2011 |
| Custody | Custodial | Custodial |
| Regulation | Licensed bank | E-money institution |
| License detail | UK banking license (2024); EU license (Lithuania) | E-money/payment licenses globally |
| Card | Visa/MC · Debit + credit | Visa/MC · Debit |
| Cashback | Perks by tier | — |
| Yield | Savings vaults | Interest on balances (region) |
| FX markup | Interbank rate; free to £/$1,000/mo on weekdays, 0.5% over; +1% weekend markup (2026-07) | Mid-market rate + conversion fee, typically ~0.33–1.5%; free if you hold the currency (2026-04) |
| Services | crypto on-ramp, crypto off-ramp, fiat pay-in (bank rails), fiat pay-out (bank rails), own IBAN / account no., multi-currency hold, virtual cards, crypto-settled card | fiat pay-in (bank rails), fiat pay-out (bank rails), own IBAN / account no., multi-currency hold, virtual cards |
| Stablecoins | Yes | No |
| KYC | Yes | Yes |
| Regions | Europe, North America, Oceania, Asia, Latin America | Europe, North America, Asia, Oceania, Latin America, Africa, MENA |
| Reported users | 50M customers (2025) | 19M customers (FY26) |
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.