Revolut has become a popular choice for UK users seeking multi-currency accounts, global transfers, and crypto features. However, it’s not the only option. Whether you want lower fees, faster transfers, or a fully licensed bank with the Financial Services Compensation Scheme (FSCS) protection, there are excellent alternatives.
This guide explores the best Revolut alternatives, each catering to different financial needs—crypto trading, everyday banking, or international money transfers.
Table of Contents
8 Best alternatives to Revolut in the UK
Gemini
Gemini is a cryptocurrency exchange and financial platform that provides a secure way to buy, store, and trade digital assets. It is FCA-regulated, ensuring compliance with UK financial laws and offering additional security measures for users.
Gemini is known for its insurance coverage on users' digital assets and its user-friendly interface that makes trading simple for beginners and experienced investors. Its focus on security and compliance makes it a trusted option for those looking to engage with crypto in a regulated environment.
Pros
- Supports cryptocurrency
- User-friendly interface suitable for beginners
- FCA regulated and therefore complaint with local financial laws
- Strong security features, including insurance coverage for all digital assets
Cons
- High fees
- Limited customer support options
Pricing
Transaction fee: 0.00% - 0.40% depending on your trading volume and whether you're a Maker or Taker.
No monthly fees on accounts
Best For: Secure crypto-trading and storage
Wirex
Wirex is a financial platform that blends traditional banking with cryptocurrency support, allowing users to manage both fiat and digital currencies in one account. It provides a debit card that lets users spend crypto just like traditional money, making it a convenient option for those who want to integrate digital assets into their daily transactions.
One of its standout features is its Cryptoback rewards program, which gives users a percentage of their purchases back in crypto. The platform also supports multiple currencies and offers seamless conversions between fiat and crypto, making it a versatile financial tool.
As one of Revolut’s biggest competitors in the crypto-banking space, Wirex offers a strong alternative for those looking for multi-currency and digital asset management.
Pros
- Supports multiple fait and cryptocurrencies
- Offers crypto rewards when users make purchases
- Competitive exchange rates
- User-friendly interface
Cons
- Limited customer support options
- Monthly ATM withdrawal fees
Pricing
Standard: €0 per month
Premium: €9.99 per month
Elite: €29.99
Best For: Users who wish to integrate crypto with everyday financial activities seamlessly
Wise
Wise, formerly TransferWise, is a financial company known for international money transfers. It offers a cheap and easy way for users to hold, move, and manage assets in different currencies.
It also offers highly competitive real-time exchange rates with low and transparent fee structures, making international transactions convenient and cost-effective. Its user-friendly platform makes it easy to manage multiple currencies, and its security measures help protect users' funds.
Pros
- Real-time exchange rates
- Strong security measures
- Low and transparent fees
- User-friendly interface
Cons
- Limited banking features compared to traditional banks
- No cryptocurrency support
Pricing
Money transfer: 0.33%
No monthly fees for personal accounts
Best For: Affordable international money transfers
Monzo
Monzo is a UK-based online bank founded in 2015. It is well-known for its vibrant community and customer centric approach to banking. Monzo boasts over 11 million personal and business accounts, a testament to reliability and excellent user experience.
It offers features such as budgeting tools and real-time spending notifications for both business and personal accounts. It also offers incredible features for personal accounts such as saving pots and fee-free spending when abroad. The platform provides its users good investment opportunities from as low as £1.
Pros
- Built-in budgeting tools
- Real-time spending notification
- Zero transaction fees when spending abroad
- Easy to set up with a user-friendly interface
Cons
- No cryptocurrency support
- Daily withdrawal and spending limit
Pricing
Basic account: Free
Monzo Extra: £3 per month
Monzo Perks: £7 per month
Monzo Max: £17 per month
Best For: Users who prefer a digital banking experience
Monese
Monese is a digital banking alternative launched in 2015. It is an easy-to-use platform that offers instant mobile-only current account openings without the hassle of a credit check or proof of address.
It is known for its fast transactions and banking services and also offers multi-currency accounts. It is equipped with budgeting features and enables users to track their spending patterns easily. It provides a referral program where users earn up to £10 for each friend they invite.
Pros
- No credit check or address verification required
- Instant account setup
- Supports multiple currencies
- User-friendly app
Cons
- Limited customer support
- No cryptocurrency support
Pricing
Simple: £0 per month
Classic: £7.95 per month
Premium: £14.95 per month
Best For: Expats without UK credit history and for freelancers
Starling Bank
Starling is a UK-based digital bank offering current and business account services. Founded in 2014, It has set a standard for online mobile banking and user-friendly financial services. The platform requires no monthly fees and also offers fee-free spending abroad, making it a good choice for holiday expenses.
Starling also offers budgeting tools and real-time notifications that allow users to track their spending effectively. Additional features include Interest on balances, Virtual cards, and strong customer support.
Pros
- User-friendly app
- No monthly fees required
- Real-time notifications
Cons
- Limited international transfer option
- No cryptocurrency support
Pricing
No monthly fee
Best For: Users who prefer digital banking services
Skrill
Skrill is a digital wallet for quick and easy online transactions, money transfers, and cryptocurrency trading. Founded in 2001, it is one of the oldest and most established digital payment systems in the world.
It offers over 40 cryptocurrencies, allowing users to make transfers and expenses with fiat and digital assets. It also offers strong security measures, with user funds protected by Secure Socket Layer (SSL) technology and high-security 128-bit encryption.
Pros
- Supports cryptocurrency
- Offers Loyalty points with rewards
- Fast and easy online payments
Cons
- Limited banking features
- High fees
Pricing
No monthly fees as long as a user logs in or makes a transaction at least once every 6 months. Otherwise, inactive accounts are charged a monthly cost of €5 (£4.19)
Best For: Quick online payments and international transfers
Remitly
Remitly is a money transfer service designed for international transfers. Founded in 2011, It has built a reputation of excellence and trust by providing a secure and convenient means of international money transfers.
It offers two primary transfer options: Express transfers, which are processed instantly, and Economy transfers, which take longer but provide a cost-effective way to send money internationally. Currently, it supports over 100 currencies, making it a versatile option for international transfers.
Pros
- Transparent fees and competitive exchange rates
- Fast transfers features
- Easy-to-use app
Cons
- No banking features, somewhat limited to money transfers
- No multi-currency accounts
Pricing
Fees vary based on currency, amount sent, and whether the transfer was sent via Express or Economy transfers
Best For: Sending money to family and friends overseas
Choosing the best Revolut alternative: 3 factors to consider
Fees and Exchange rates
Different platforms charge varying fees for transactions, currency conversions, and account maintenance. Some alternatives offer more transparent fee structures and better options than Revolut for cost-conscious users.
Features and Usability
Consider platforms with innovative features such as budgeting tools, crypto support, and business banking. Some Revolut competitors offer features like virtual cards, interest-earning accounts, or cashback on purchases. Also, ensure the app is user-friendly to avoid confusion and wasted time navigating complex menus.
Security and regulation
Ensure the platform is FCA-regulated and offers strong security measures. The best alternative to Revolut depends on balancing security, usability, and costs.
FAQs
Is there an objectively better alternative to Revolut?
No single "best" alternative exists, as the right choice depends on your needs. If you prioritize crypto features, Gemini and Wirex are strong options. Monzo and Starling Bank are good choices if you need budgeting and banking tools. Wise and Remitly excel in international transfers.
Why should I consider alternatives to Revolut?
Revolut alternatives often offer unique features that may meet your personal needs. Exploring other options ensures you find the best fit for your financial lifestyle, goals, and preferences.
Which alternative to Revolut offers the lowest fees?
Wise is known for its low and transparent fees, making it a good option for international transfers.
Which Revolut alternative has the fastest transfer speed?
Remitly has one of the fastest transfer speeds, completing transactions within minutes.
Conclusion
These Revolut alternatives offer greater flexibility depending on your needs. Wise is best for transfers, Monzo is best for banking, and Gemini is best for crypto. Starling competes directly with Revolut on banking, while Skrill and Remitly cater to global payments. You can find the best option to manage your finances by weighing costs, features, and security.
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