Which scores better when comparing TransferGo vs Revolut? See how each provider scores and who wins when comparing their services, fees, supported countries and customer service.
TransferGo
Overall score:
52
52
Revolut
Overall score:
56
56
Personal Features
Business Benefits
Fees & Exchange Rates
Ease of Use
Support & Countries
Trust & Transparency
25
25
You can sign up as a personal customer with TransferGo from most European countries.
50
50
Revolut provides digital banking and international money transfer services for personal customers from different countries.
13
13
TransferGo's business services are fairly limited.
56
56
Businesses signing up with Revolut can receive multiple benefits.
25
25
TransferGo fees vary based on the location of the sender and the desired transfer speed.
TransferGo adds a markup of 0% - 3.3% on existing mid-market rates.
12
12
When you use your Revolut card to make international transactions, you could benefit by getting existing interbank rates. Revolut fees depend on the type of account you open and where you live. As you will see to get the best out of Revolut for international transactions, you need to choose a monthly subscription plan to match your forecasted monthly international money transactions volume, and most importantly.. don't use Revolut on the weekends for currency conversions! Read on to see why…
| Region | Account type | Monthly subscription fee |
| The US | Standard | $0 |
| Premium | $9.99 | |
| Metal | $16.99 | |
| The UK | Standard | £0 |
| Premium | £6.99 | |
| Metal | £12.99 | |
| Australia | Standard | $0 |
| Premium | $10.99 | |
| Metal | $24.99 |
Fees for ATM withdrawals
| Account type | Fees |
| Standard | No fee up to $300 per month, then a 2% fee applies. |
| Premium | No fee up to $600 per month, then a 2% fee applies. |
| Metal | No fee up to $1,200 per month, then a 2% fee applies. |
| Account type | Fees |
| Standard | No fee up to $6,500 per month, then a 0.5% exchange rate margin applies. |
| Premium | No fee up to $20,000 per month, then a 0.5% exchange rate margin applies. |
| Metal | Unlimited free transfers. |
For example, you have an Australian Revolut account but have a USD balance. You may have converted your AUD balance to USD and are holding it in your Revolut multi-currency account. Since early 2021, a new fee is applied. The fee for same currency international money transfers from your Revolut account to a non-Revolut bank account is 0.3% of the transfer amount. The minimum charge is $0.30 and the maximum charge is $8.
Same currency transfers between Revolut customers internationally still does not cost anything.
Revolut provides interbank exchange rates when processing international money transfers involving major currencies, provided they fall within a customer's monthly allowance limit. Transfers that involve THB (Thailand) and UAH Ukraine) come with markups, as do cryptocurrency exchanges. The markup depends on the type of account you hold.
Fees for foreign exchange outside market hours (weekends)
| High-frequency Standard customers | Premium customers | Metal customers | |
| Major currencies | 1% | 1% | 1% |
| THB and UAH | 1.5% | 2% | 2% |
| Cryptocurrencies | 3% | 1.5% | 1.5% |
Using Revolut on the weekend (GMT), incurs high exchange rate fees of 1%. This is not highlighted very well when signing up and can mean surprise costs for weekend international travellers or travellers on extended trips.
iCompareFX Top Tip: It pays to not use Revolut on the weekends!
You don't have to pay any fees to receive money into your Revolut multi-currency accounts. However, the sender might need to pay intermediary bank fees. For example, a sender transferring EUR from Ireland into your EUR-denominated account in the UK might still need to pay intermediary bank fees. This is because the multi-currency accounts offered by Revolut are physically located in the UK.
82
82
Payment options:
Multilingual website - You can use the TransferGo website in different European languages.
Transfer speed - Most transfers process in 1 - 2 working days. TransgerGo also provides 30-minute and Same Day transfers in some countries.
Signing up - Sign up using the TransferGo website or app.
Phone transfers - You can not carry out transfers over the phone.
Mobile app - Available for iOS and Android. However, a number of Android users have highlighted functionality-related problems.
Transfer limits - A maximum limit of £2,500 applies on card payments.
71
71
Sign up process - Create a new account with ease by using the Revolut app.
Payment options - Bank account transfers, debit cards and credit cards..
Apple Pay and Google Pay - Link your Revolut account to Apple Pay or Google Pay to make fast and easy payments.
Mobile app - Available for iOS and Android.
Website access - Customers can not use the Revolut website to access their accounts or send money. They need to use the Revolut app.
75
75
Supported destination countries for bank transfers - Send money to local bank accounts in more than 65 countries.
Supported destination countries for card transfers - Send money to Mastercard and Visa cards in 25 countries.
30-minute delivery - Use this option to send money to over 35 countries.
Customer support - Get multilingual support over the phone or via email.
Registration countries - TransferGo only accepts customers within Europe.
50
50
Supported currencies for transfers - Use Revolut to send money in 28 currencies.
Customer support - Local phone support in different countries and 24/7 chat support.
Supported registration countries - Revolut can improve by increasing the number of registration countries outside of Europe.
44
44
TransferGo is a reliable money transfer company.
Regulated - TransferGo is regulated by government bodies in the UK and Lithuania.
Safety of funds - Segregated bank accounts used for holding clients' funds.
Trustpilot - Rates as Excellent.
Transparency in rates - TransferGo exchange rates come with markups, which can be up to 3.3% in some cases. The company does not notify customers of the markups it adds.
44
44
Addressing customer complaints - Some Revolut reviews on Trustpilot mention customers' accounts being locked and their money going missing. Quick resolution of such complaints would work well in increasing trust levels.
Both equally compare in the Trust and Transparency category.
WinnerIt's TransferGo by a hair, or three points! Revolut dominates with its business and individual services but TransferGo nudges them out with their cheaper fees and exchange rates and quality services. Both tie in the Trust and Transparency category.
