"WEBVTTKind: captionsLanguage: enin this video we'll be comparing revolutes and whys looking at their different accounts and services as well as their fees and the benefits that they offer by the end of the video you'll be able to decide which one is better for you both revolutes and whys are fintechs not traditional Banks but they are regulated by the FCA and required to store your money with a larger financial institutions like Barclays Lloyds and Wells and Fargo both offer free physical and virtual payment debit cards and multi-currency accounts with different currencies available which brand has lower fees wise customers are given the exact mid-market rate so wise make their profit through added fees these fees vary depending on the currency pairing debit and credit card fees range from 0.15 percent all the way up to two percent wise has a useful pricing tool which allows customers to calculate their related fees before making a money transfer ensuring total trans transparency revolutes money transfer fees defer for personal and business revolute users typical fees include an international payment outside of sepa 30 Pence all the way up to five pounds depending on size of transfer currency exchange between 0.5 to 1 depending on size of transfer transfers conducted on weekends and UK bank holidays incur a one percent charge payments over one thousand pounds per month will incur a 0.5 percent Fair usage fee and so overall wise offers lower fees usually a small percentage of the amount being transferred and they also guarantee the same mid-market rates on both weekends and weekdays revolut has some great tools but their focus on versatile banking services distract from their ability to ensure competitive fees of the same caliber as wise which brand offers better exchange rates wise offers customers the best competitive rate on all standard currencies without adding any kind of of markup to the price this means customers are receiving the exact mid-market rates that the banks use they also allow all customers to lock in a rate for 24 to 96 hours to avoid currency fluctuations revolutes revolutes strongest exchange rates are for sending smaller transfers in standard currencies during the week when the market is Open revolute matches the mid-market rate with no form of markup however on the weekends revolut applies a markup of one percent to all currencies for this reason the exchange rate you receive on a Thursday may have changed when you go to make your money transfer on Saturday revolutes suggests checking the currency exchange rate on the app before making any transfers due to wise transparency and ability to match mid-market rate all day every day regardless of whether the market is open or not why is this FX rates are unmatched many business owners use wise to send and receive International money transfers for this reason which brand covers more locations with wise customers are able to hold and manage over 50 currencies sent to over 60 countries and request money from over 30. conversely revolut allows customers to hold and manage 30 currencies transferring money to bank accounts for free is available to customers in over 150 countries when we compare revolutes and wise both are very well supported all across Europe but revolut wins due to the sheer number of countries they facilitate money transfers between which brand is faster transfers between bank accounts happen in three stages receiving converting and delivering speed of transfer delivery is dependent on a number of factors including payments and transfer types selected by the customer sending country and currencies used for example quicker delivery is available for those using a debit or credit card as payments wise transfer speeds are as follows low cost transfer funds will arrive with recipient within 3 to 24 hours fast and easy transfer funds will arrive with the recipient within three to five hours and Advance transfer funds will arrive within one to three working days revolut as a UK based company revolute can transfer money between UK accounts in under two hours having said that the average time for a standard money transfer is one to two business days depending on the bank an international transfers have been known to take between three to five days faster transfer speeds are available for those with certain monthly memberships and the winner is wise there are simply more options with wise and the fast and easy transfer option typically processes International transfers within three hours revolut is a fast service provider but the fastest speeds are for UK based transfers with International payments typically taking a few days to arrive with beneficiaries which brands offer more transfer and payment options payment options and include bank account Swift ACH or wired transfer debit or credit card and Apple or Google pay in terms of types of transfer options wise offer three different kinds low cost fast and easy and advanced the low-cost option is for those prioritizing price with less concern for delivery speed as the name suggests the fast and easy option is all about convenience and speed the advanced option is for money transfers which require the Swift Network and therefore May incur higher charges revolutes virtually all forms of money transfer methods are supported by revolut via interbank and intra Bank transfers as well as cryptocurrencies which were introduced by the company in 2018. payment options include debit and credit card as well as bank account transfers this incurs lesser fees it is easy to make payments between existing revolut accounts using phone numbers when we compare revolut versus wise in terms of options revolut makes it easy for card holders to send money however wise wins by providing various transfer types and payment options to suit everyone what do users have to say about each brand the inclusive rating from over 113 000 reviews on wise on trustpilot is 4.7 out of 5 which qualifies them as Excellence overall revolut has acquired a 4.3 out of 5 from over 75 000 trust pilot reviews also qualifying them as an excellent service wise comes off better in the Battle of user reviews and is widely revered as the most reasonably priced money transfer provider due to the long-standing reputation and guaranteed mid-market rates having said this despite being five years younger than its counterpart revolute has made a good impression among customers and has received its fair amount of Praise what brand offers better ease of use accessibility transparency and security while revolutes app is accessible safe and easy to use wise has had more time to perfect and optimize their offerings as a money transfer service and can offer customers more wise has a website and smartphone app whereas revolut is solely accessible via their app making it harder to browse Services guide your quote and lock in a guaranteed rate for an international money transfer for anyone who hasn't yet set up an account so whichever option that you would like to go with make sure that you sign up to either revolute or wise using my links down in the description I hope this video was helpful thank you for watching subscribein this video we'll be comparing revolutes and whys looking at their different accounts and services as well as their fees and the benefits that they offer by the end of the video you'll be able to decide which one is better for you both revolutes and whys are fintechs not traditional Banks but they are regulated by the FCA and required to store your money with a larger financial institutions like Barclays Lloyds and Wells and Fargo both offer free physical and virtual payment debit cards and multi-currency accounts with different currencies available which brand has lower fees wise customers are given the exact mid-market rate so wise make their profit through added fees these fees vary depending on the currency pairing debit and credit card fees range from 0.15 percent all the way up to two percent wise has a useful pricing tool which allows customers to calculate their related fees before making a money transfer ensuring total trans transparency revolutes money transfer fees defer for personal and business revolute users typical fees include an international payment outside of sepa 30 Pence all the way up to five pounds depending on size of transfer currency exchange between 0.5 to 1 depending on size of transfer transfers conducted on weekends and UK bank holidays incur a one percent charge payments over one thousand pounds per month will incur a 0.5 percent Fair usage fee and so overall wise offers lower fees usually a small percentage of the amount being transferred and they also guarantee the same mid-market rates on both weekends and weekdays revolut has some great tools but their focus on versatile banking services distract from their ability to ensure competitive fees of the same caliber as wise which brand offers better exchange rates wise offers customers the best competitive rate on all standard currencies without adding any kind of of markup to the price this means customers are receiving the exact mid-market rates that the banks use they also allow all customers to lock in a rate for 24 to 96 hours to avoid currency fluctuations revolutes revolutes strongest exchange rates are for sending smaller transfers in standard currencies during the week when the market is Open revolute matches the mid-market rate with no form of markup however on the weekends revolut applies a markup of one percent to all currencies for this reason the exchange rate you receive on a Thursday may have changed when you go to make your money transfer on Saturday revolutes suggests checking the currency exchange rate on the app before making any transfers due to wise transparency and ability to match mid-market rate all day every day regardless of whether the market is open or not why is this FX rates are unmatched many business owners use wise to send and receive International money transfers for this reason which brand covers more locations with wise customers are able to hold and manage over 50 currencies sent to over 60 countries and request money from over 30. conversely revolut allows customers to hold and manage 30 currencies transferring money to bank accounts for free is available to customers in over 150 countries when we compare revolutes and wise both are very well supported all across Europe but revolut wins due to the sheer number of countries they facilitate money transfers between which brand is faster transfers between bank accounts happen in three stages receiving converting and delivering speed of transfer delivery is dependent on a number of factors including payments and transfer types selected by the customer sending country and currencies used for example quicker delivery is available for those using a debit or credit card as payments wise transfer speeds are as follows low cost transfer funds will arrive with recipient within 3 to 24 hours fast and easy transfer funds will arrive with the recipient within three to five hours and Advance transfer funds will arrive within one to three working days revolut as a UK based company revolute can transfer money between UK accounts in under two hours having said that the average time for a standard money transfer is one to two business days depending on the bank an international transfers have been known to take between three to five days faster transfer speeds are available for those with certain monthly memberships and the winner is wise there are simply more options with wise and the fast and easy transfer option typically processes International transfers within three hours revolut is a fast service provider but the fastest speeds are for UK based transfers with International payments typically taking a few days to arrive with beneficiaries which brands offer more transfer and payment options payment options and include bank account Swift ACH or wired transfer debit or credit card and Apple or Google pay in terms of types of transfer options wise offer three different kinds low cost fast and easy and advanced the low-cost option is for those prioritizing price with less concern for delivery speed as the name suggests the fast and easy option is all about convenience and speed the advanced option is for money transfers which require the Swift Network and therefore May incur higher charges revolutes virtually all forms of money transfer methods are supported by revolut via interbank and intra Bank transfers as well as cryptocurrencies which were introduced by the company in 2018. payment options include debit and credit card as well as bank account transfers this incurs lesser fees it is easy to make payments between existing revolut accounts using phone numbers when we compare revolut versus wise in terms of options revolut makes it easy for card holders to send money however wise wins by providing various transfer types and payment options to suit everyone what do users have to say about each brand the inclusive rating from over 113 000 reviews on wise on trustpilot is 4.7 out of 5 which qualifies them as Excellence overall revolut has acquired a 4.3 out of 5 from over 75 000 trust pilot reviews also qualifying them as an excellent service wise comes off better in the Battle of user reviews and is widely revered as the most reasonably priced money transfer provider due to the long-standing reputation and guaranteed mid-market rates having said this despite being five years younger than its counterpart revolute has made a good impression among customers and has received its fair amount of Praise what brand offers better ease of use accessibility transparency and security while revolutes app is accessible safe and easy to use wise has had more time to perfect and optimize their offerings as a money transfer service and can offer customers more wise has a website and smartphone app whereas revolut is solely accessible via their app making it harder to browse Services guide your quote and lock in a guaranteed rate for an international money transfer for anyone who hasn't yet set up an account so whichever option that you would like to go with make sure that you sign up to either revolute or wise using my links down in the description I hope this video was helpful thank you for watching subscribe\n"