Revolut vs Wise: Fees
Depositing money into your Wise account is always free. Wise won't charge you for holding funds in your wallet unless you exceed the €15,000 mark. Above that, Wise sets a 0.4% fee annually on your funds. Revolut has a no-fee policy on deposits. Every cent you deposit goes into your Revolut account.
When it comes to withdrawals, Wise offers two free withdrawals up to £200. For every ATM withdrawal over the £200 limit, there's a 1.75% fee. From your 3rd withdrawal onwards, you will also be charged a flat 50p per transaction. Revolut has a more straightforward plan; you will be charged 2% for every ATM withdrawal no matter the amount you selected.
As far as money transfers, Wise's fees vary from country to country. Depending on the currency you'll be using, Wise you charge between a flat rate of $1 and up to 1% of the transfer amount.
If you want to make a payment using a Wise card, expect no fees, excluding the midmarket Exchange rate.
Revolut doesn't commission money transfers but has a similar payment policy. Unless you're a premium member, expect a small fee to be charged according to the currency you're using, excluding the exchange rate that is usually applied.