Top 5 Revolut alternatives: Find the best option for your business

Key takeaways

• The top Revolut alternatives for Australian businesses are Airwallex, Wise, Payoneer, Worldfirst, and OFX, each with different strengths depending on what you need.

• Features and fees vary a lot – compare global reach, local banking details, multi-currency cards, FX fees, access to features on each account tier, and fees charged for access to certain features.

• Airwallex gives Australian businesses the most complete package for going global, with local accounts in 20+ currencies, free transfers to 120+ countries, Yield returns on USD and AUD funds, and Expense Management built in.

If you're running a business in Australia and moving money across borders, the platform you use matters. Revolut has become a familiar name for international payments, but different businesses need different things. What works for a freelancer might not be enough for a company with expanding teams and needs.

In this guide, we'll compare fees, features, and trade-offs across five Revolut alternatives in Australia so you can choose the right platform for your business.

What is Revolut?

Revolut is a UK-based fintech company that offers digital financial services to consumers and businesses. It has over 75 million global customers.¹

The platform works well for freelancers, gig workers, and micro businesses that handle domestic payments and simple international transfers. You can open a Revolut Business account online, pick from plan tiers (Basic, Grow, Scale, or Enterprise), hold balances in 30+ currencies, and exchange funds at interbank rates within your monthly allowances. Revolut also issues prepaid Visa or Mastercard debit cards, depending on location, for team spending and integrates with accounting software like Xero and QuickBooks.

Revolut holds an Australian Financial Services Licence (AFSL) and is regulated by ASIC, so your funds are protected under Australian financial regulations. But if you're a larger business with more complex cross-border needs, Revolut's plan-based allowances and fee structure can start to feel limiting. That's why a lot of growing companies look for alternatives.

Revolut alternatives compared: Fees, features, and coverage

In-depth: The best alternatives to Revolut

Airwallex

Airwallex is a global payments platform that helps companies operate globally. We offer multi-currency accounts for like-for-like currency settlement in 20+ currencies, FX transfers with transparent rates, and the ability to receive payments from 70+ countries directly into your account. You can access all of our products and features through one dashboard – Expense Management, Corporate Cards, a Global Account, payment acceptance, and more.

What fees does Airwallex charge?

Airwallex's Explore plan has no monthly fee when you hold a minimum of A$10,000 in the account or deposit A$5,000 per month. International transfers are free to over 120 countries via local payment networks, and you'll pay just 0.5% above interbank rates for major currencies (1% for others). When accepting customer payments with our various checkout options, domestic card processing is 1.65% + A$0.30, and international cards are 3.40% + A$0.30. See our full pricing.

Pros

• All-in-one platform combining global payments, multi-currency accounts, Yield returns, Corporate Cards, Expense Management, and more

• Operate like a local by opening foreign currency accounts in 20+ currencies, accepting 70+ currencies, into your multi-currency wallet, and paying out to over 200 countries

• Save up to 80% on FX fees compared to traditional providers

• Multi-currency cards that you can instantly issue to 60+ markets

Cons

• No physical branches, just a digital-only platform and service

• Physical POS system coming soon

Payoneer

Payoneer is a global payments platform popular with freelancers, marketplace sellers, and businesses managing cross-border payouts. It supports receiving funds from 190+ countries in 70+ currencies and connects to major platforms including eBay, Upwork, and Fiverr. But its fee structure is complex and varies significantly by payment method and currency corridor, which can make costs difficult to predict. It also lacks expense management tools and advanced spend controls.

What fees does Payoneer charge?

Payoneer's fees depend on how you receive and send money. Receiving via a local currency account is free, but non-local currency receiving accounts attract a 1% fee, and receiving credit card payments costs up to 3.99% + US$0.49. Withdrawals to a bank account cost USD$1.50 in your own currency and 1.2–4% with currency conversion. Moving funds between your own Payoneer balances costs 0.50%. An annual account fee of US$29.95 applies if the account receives less than US$6,000 in any 12-month period.

Pros

• Well-suited to freelancers and marketplace sellers, with integrations to platforms including eBay, Upwork, and Fiverr

• Free to receive payments from other Payoneer users and via local currency receiving accounts

• Available in 190+ countries – broad reach for businesses paying or receiving globally

Cons

• Complex, corridor-dependent pricing makes costs difficult to forecast upfront

• Currency conversion on card spend costs up to 3.5% – high for businesses with regular international expenses

• No expense management tools or advanced spend controls beyond basic card usage

WorldFirst

WorldFirst's World Account is a multi-currency platform built for Australian importers, exporters, and eCommerce sellers. It lets you hold and receive funds in 20+ currencies, collect from 130+ marketplaces, and pay suppliers in 90+ currencies, with solid FX risk management tools including forward contracts and firm orders. But it doesn't offer expense management features, has limited accounting integrations, and doesn't support online payment processing for accepting customer payments.

What fees does WorldFirst charge?

WorldFirst charges no ongoing account fees, and domestic AUD payments are free. Cross-border payments and local payments in non-AUD currencies cost from 0.4%, capped at A$15. The FX margin is up to 0.6% for major currencies (USD, EUR, GBP, CAD, JPY) and from 0.67% for minor currencies. Forward contracts attract an additional margin of up to 0.2% per month. There are no monthly account fees.

Pros

• Competitive FX rates for major currencies – up to 0.6% margin – with no ongoing account fees

• Strong for ecommerce sellers, with free collection from 130+ marketplaces across 20+ currencies

• FX risk management tools including forward contracts and firm orders for businesses trading across currencies

Cons

• No expense management tools or granular spend controls on cards

• Accounting integrations limited to Xero and NetSuite

• No payment processing or checkout capabilities for accepting customer payments

OFX

OFX is an Australian-founded company that specialises in international money transfers and foreign exchange. Its account supports 30+ currencies and it also offers FX tools including spot transfers, forward contracts, and limit orders – which can be useful for businesses that want to lock in exchange rates. Business accounts come with corporate cards and spend management tools. However, OFX doesn't offer online payment processing or checkout capabilities, and its FX margins aren't publicly listed on its website, which can make upfront cost comparisons difficult.

What fees does OFX charge?

OFX charges no fees for a limited number of local transfers – 20 for the base level account. You can also receive domestic payments into your Global Account for A$0. Business Platform clients using SWIFT pay A$10 per payment. Rather than a stated currency conversion fee, OFX applies an FX margin above the mid-market rate depending on the currency pair and transfer amount. Business plans start from A$0/month and there are no foreign transaction fees on card purchases.

Pros

• Strong FX tools, including forward contracts and limit orders for managing exchange rate risk

• Limited free domestic transfers included in each plan

• 24/7 support with dedicated account managers for business clients

Cons

• FX margins aren't publicly listed, making it harder to compare costs before you sign up

• No payment processing or checkout tools — you'll need a separate provider to accept customer payments

• No API access for enterprise clients

Wise

Wise is a UK-based fintech company focused on international money transfers. It offers businesses multi-currency accounts where you can hold and convert funds in 40+ currencies and transfer to over 140 countries. Wise also offers virtual debit cards, batch international transfers, and accounting software integrations. While Wise works well for individuals and small businesses, it doesn't offer the full range of tools that growing companies usually need, like embeddable checkouts for payment acceptance, forward contracts and hedging tools, purchase orders, Bill Pay, and more.

What fees does Wise charge?

Australian businesses using Wise Business can expect to pay fees that vary by currency for sending money (from 0.63%) and converting money (from 0.63%). Receiving wire and SWIFT payments incurs a fixed fee (e.g., US$6.11, £2.16, or €2.39). ATM withdrawals over A$400 per month incur a fee of 2.69% per withdrawal.

Pros

• Transparent pricing with mid-market exchange rates

• Simple interface for individuals and businesses

• Integrates with major accounting software

Cons

• Per-transaction fees can add up at higher volumes

• Limit checkout options and expense management

• Fees for Wise Interest and a fee to access local banking details

Why businesses are considering Revolut alternatives

If your business is processing higher volumes or expanding into new markets, you may be running into some of Revolut's limits. These are the main pain points Australian businesses tend to hit:

• Monthly fees and capped allowances. Every Revolut Business plan comes with a monthly fee, starting at A$15 for the Basic plan, and each tier limits how much you can exchange or transfer for free. The Basic plan does not offer fee-free international transfers, but with the Scale plan, available for A$150/month, you receive 25 fee-free international transfers. Outside the monthly allowance, a A$10 fee applies.

• FX markups outside market hours. Revolut charges an extra 1% on currency exchanges made outside standard market hours. That can catch you out if you're dealing with suppliers or customers in different time zones.

• Limited local account details. Revolut offers local account details in only two currencies (EUR and AUD). Competitors like Airwallex provide local details in 20+ currencies, which lets you receive payments like a local business in more markets.

• Customer support limitations. Support is mainly through in-app chat. If you want phone support, you'll need to pay extra for a higher-tier plan.

None of these will be a dealbreaker for every business. But if you're scaling internationally, they can add up. So, here's how the main alternatives compare.

Airwallex vs Revolut: A head-to-head comparison for Australian businesses

If you're comparing Revolut vs Airwallex for your growing business, here's how they compare on the features that matter most.

Both platforms offer global payment services and multi-currency accounts at competitive rates. The main difference is scale and scope. Revolut works well for solopreneurs and startups with specific needs, while Airwallex is built for companies growing across borders that need enterprise-level features and tools now or in the future.

Why business choose Airwallex over Revolut alternative

If your business is expanding internationally and you need more than just cards and transfers, Airwallex gives you a more complete solution. You can hold balances in 70+ currencies, open local accounts in 20+ countries, and move money instantly with real-time oversight, all from a single Business Account.

Where Revolut starts charging fees once you go over monthly plan allowances, Airwallex offers free international transfers to 120+ countries via local payment networks. You'll also save up to 80% on FX fees compared to traditional providers, with over 90% of transactions arriving same day and around 45% instantly.

Unlike Revolut, Airwallex also lets you earn competitive returns on idle AUD and USD funds through our Yield product, so your cash can keep working whilst you wait to deploy it.

Frequently asked questions

Is Revolut regulated in Australia?

Yes, Revolut holds an Australian Financial Services Licence (AFSL) and is regulated by ASIC. That means your funds are protected under Australian financial regulations.

What's the best alternative to Revolut for Australian businesses?

Airwallex is the strongest alternative for Australian businesses that need multi-currency accounts, international payments, and spend management in one platform. You get accounts in 20+ countries, free transfers to 120+ countries, and features like Yield that Revolut doesn't offer.

Is Wise or Revolut better in Australia?

It depends on what you need. Wise focuses on transparent international transfers with mid-market rates, whilst Revolut offers a broader range of features, including cards and budgeting tools. Both have limitations for growing businesses. Airwallex fills gaps that both leave, including Expense Management, Corporate Cards, and payment acceptance.

What do Australians use instead of Revolut?

The most popular Revolut alternatives in Australia are Airwallex, Wise, OFX, WorldFirst, and Payoneer. The right choice depends on your use case, whether you're focused on business payments, personal transfers, or eCommerce.

Which Revolut alternative has the lowest fees?

Airwallex offers the lowest fees for international business payments, with free transfers to 120+ countries via local payment networks and FX rates from 0.5% above interbank. Wise charges from 0.63% per transaction.

Sources 

• https://www.revolut.com/en-AU/about/

• https://www.ofx.com/en-au/legal/fee-schedule/01-04-2026/

• https://www.ofx.com/en-au/business/pricing/

• https://www.payoneer.com/about/pricing/

• https://www.worldfirst.com/au/pricing/

• https://wise.com/au/pricing/business

Disclaimer: The information in this article is based on our own online research. Airwallex was not able to manually test each tool or provider. The information is provided for educational purposes only and a reader should consider the specific requirements of their business when evaluating providers. This research is reviewed annually. If you would like to request an update, feel free to contact us at [[email protected]].

The Airwallex Yield Liquidity Fund (Yield) is issued by K2 Asset Management Limited (K2) (ABN 95 085 445 094, AFSL No 244393), a wholly owned subsidiary of K2 Asset Management Holdings Limited. This information doesn’t take into account your objectives, financial situation, or needs. Read the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for Yield, available at www.airwallex.com.au/terms from Airwallex Capital Pty Ltd (ABN 37 609 653 312, AFSL No. 549026). All investments carry risk.