Been using Wise for years to send USD overseas.
Just used Revolut for the 1st time for the same international transfer. Same bank and country.
Wise took 2-3 days normally.
Less than 2 hours!!! Swift transfer.
Metal so got 40% off the fee also.
Wise always claimed the delay was on the receiving bank side.
Not true.
Nothing against wise. They have always provided good services and will continue to maintain my account.
But looks like revolut avoid intermediate banks due to the speed
International Transfers are complicated.
Wise and Revolut even use the same 3rd party providers on some paths.
So the experiences is always a bit… specific to a certain transaction an may even be only a snapshot in time.
So providing more info’s about the source and destination (country, currency…) in that such cases could help others in the future!
In general all entities in the money transfer business aim to for cheaper and faster outcome than, say, a SWIFT transfer. That’s the whole point.
Bottom line: Your milage may vary! Always good to check your options depending on your needs though! This community can be helpful if more users share their (specific) experiences!
I am some to high jack thos thread but new here so not quite sure where to ask questions.
I live in Denmark and have just set a a revolut account, private not business, i want to transfer funds from my local bank in Denmark to my revolut account how long should the transfer take ? Is it instantly or does it take days ?
If it’s anything like in the UK. Domestic fast transfers are instant. We use a sort code and account number.
Fast payment system.
Event their international transfers are fast
Sent some USD to family in South America and it was in the bank in less than 2 hours!