Wise vs. Revolut

O

OxygeN

Active member
Hi all.
I've still got an account both with Wise and with Revolut - I was thinking about cancelling Revolut, simply because it's the one I'm using less (and also because the only physical credit card I have is with Wise).
Do you see anything wrong in leaving Revolut for good?
What are the factual differences between these two banks?
I think I remember that Wise doesn't offer the "single usage" virtual credit cards...

TIA
 
Max said:
Have you already checked the blog?

Wise vs Revolut: Which Is Best in 2025?
Click to expand...
Thank you - that's super.
I think I will somewhen cancel Revolut. I don't use Wise for currency exchange, because mainly I do CHF-->EUR and that I do either with fiat currency at the gas stations on the borders, or with www.cambiavalute.ch
Thus, I see no advantage using Revolut over Wise - I just remember the reason for opening a Revolut account was that Wise somewhen in the past introduced some limits on the amount of cash you could have on your account (which was exceeding my cash amount). But I think that's about it.
Thanks!
 
OxygeN said:
Wise somewhen in the past introduced some limits on the amount of cash you could have on your account (which was exceeding my cash amount)
Click to expand...
Do you remember this limit? I know some Asian countries have limits for digital banks like these, but I don't remember a global holding limit at Wise.
 
You're welcome.
BTW: what's it all about Revolut "forcing" me to get a Swiss IBAN? I didn't find any clear information if this is mandatory to be able to continue using Revolut or not. Does anybody know?
 
OxygeN said:
BTW: what's it all about Revolut "forcing" me to get a Swiss IBAN? I didn't find any clear information if this is mandatory to be able to continue using Revolut or not. Does anybody know?
Click to expand...
Revolut recently changed how they operate in Switzerland. As a a result, you will get a personal CH IBAN and your money will be insured in case of bankruptcy (it was previously not). But they do a very slow rollout on old accounts.

As far as I know, there is no disadvantage, only advantages. But I have no idea if that's mandatory, I would think yes since they likely want all their Swiss clients on the same system eventually.
 
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