Base currency: CHF (Swiss Franc)
Spending currency: KES (Kenyan Shilling)
TransferWise: Transfer in CHF from Swiss bank account to TransferWise Swiss IBAN = Completely free!
Revolut: Transfer in CHF from Swiss bank account to Revolut GB IBAN = cost me CHF 30 for a transfer of CHF 7,500
TransferWise 1 - Revolut 0
TransferWise: Spend in KES or change CHF to KES at a constant and transparent 0.7% markup on the mid-market rate (as on XE for example). Same markup 24/7.
Revolut: Spend in KES at an arbitrary markup on the mid-market rate of between 1.7% (weekday) and 2.3% (weekend).
TransferWise 2 - Revolut 0
TransferWise: Create a KES account and change when rate is good.
Revolut: Not possible to create a KES account and keep the currency.
TransferWise 3 - Revolut 0
TransferWise: Spend EUR at a constant and transparent markup of 0.35% on real mid-market rate (24/7).
Revolut: Spend EUR at 0% markup on weekdays, and 0.5% on weekends.
TransferWise 4 - Revolut 1
So far, I’m pretty impressed with TransferWise. Let’s see how things develop both there and here.