Revolut Review

Revolut positions itself as a broader financial app than Wise — multi-currency accounts, but also budgeting tools, stock and crypto trading, and a more full-featured app experience aimed at being a primary banking relationship rather than a specialized currency-conversion tool.

For nomads, this breadth is a genuine trade-off rather than a straightforward upgrade: more features generally means a more complex fee structure to understand. As of Revolut's current published terms, the Standard (free) plan gets a £1,000/month fee-free currency exchange allowance in the UK/EU (a separate $1,000/month figure applies in the US), with a 1% fee on additional exchange in the UK/EU versus 0.5% in the US — a real regional difference, not just rounding. Plus raises the UK/EU limit to £3,000/month at a 0.5% overage rate; Premium, Metal, and Ultra remove the monthly limit and overage fee entirely. One genuinely easy detail to miss: Revolut also applies a separate weekend markup outside normal weekday trading hours, and confirms this can stack with the fair-usage overage fee on the same transaction if you've already used your monthly allowance — not one or the other, both.

The account tier structure matters more here than with Wise's more straightforward single product — free tiers generally come with meaningful limits on fee-free currency conversion, while paid tiers unlock higher limits and additional features. Confirm which tier actually makes sense for your spending pattern before assuming the free tier covers your needs.

Best fit: nomads who want one app handling more of their financial life beyond just currency conversion, and who are comfortable evaluating a tiered fee structure to find the right plan. See the full banking comparison for the direct three-way breakdown.