Wise vs Revolut Singapore (2026): Fees, features, and which to pick

Key Takeaways:

• Wise is built around one job: sending and receiving money internationally at the mid-market rate, with no monthly fees and a one-time S$99 setup fee for local account details.

• Revolut Singapore offers more variety, with three personal plans (Standard, Premium, Metal) and multiple business tiers. Pricing depends heavily on which plan you pick².

• Many Singapore businesses find Airwallex to be a better option than both Wise and Revolut. With Airwallex, you get free local currency accounts in 20+ currencies, transfers to 200+ countries, a built-in payment gateway, corporate cards — all on one platform.

Choosing between Wise vs Revolut in Singapore? The right choice depends on how you plan to use your multi-currency account.

This guide compares both platforms for personal and business users in Singapore, breaking down the key differences in fees, exchange rates, transfer speeds, card usage limits, and supported features.

We’ll also highlight where each provider falls short—so you can decide which one better fits your spending, travel, or international payment needs.

Wise vs Revolut at a glance

Before we go deeper, here's a quick side-by-side of the two providers for Singapore users.

The information in this table has been reviewed to be accurate as of 11 May 2026.

Both providers are licensed and regulated in Singapore. The big differences come down to how you're charged: Wise is pay-per-use, Revolut bundles allowances into plans.

The next sections break down everything you need to know, depending on whether you’re a personal or business user.

Wise vs Revolut: Personal accounts

If you're an individual comparing Wise and Revolut for travel, overseas spending, or sending money to family abroad, here's how each one works in Singapore.

Wise personal account

The Wise personal account is free to open with no monthly fees¹. You can hold and convert money in 40+ currencies, and get local account details in select currencies to receive payments like a local⁴.

With Wise, you pay per transaction at the mid-market rate, with conversion fees starting from 0.23%¹. Sending money is straightforward: you see the fee and the exchange rate before you confirm. Wise also offers an interest-earning feature with returns on SGD, USD, GBP, and EUR balances⁵.

Revolut personal account

Revolut Singapore has three personal plans². Each plan changes how much you can exchange for free, your overseas ATM allowance, and what perks you get on top.

The information in this table has been reviewed to be accurate as of 11 May 2026.

Standard users pay an additional 1% fee for currency exchanges made outside foreign exchange market hours, which roughly covers weekends². Premium and Metal users skip this fee. Metal also adds 1.5% cashback on card payments and unlimited fee-free international transfers².

For a deeper walkthrough of each Revolut plan, see our full Revolut Singapore review.

For most personal users, the choice comes down to how predictable you want your costs to be. Wise charges a small fee on every conversion but never adds weekend or fair-usage markups. Revolut bundles a monthly FX allowance into each plan, which can work out cheaper if you spend within the limit — and more expensive if you don't.

Wise vs Revolut: Business accounts

Both providers offer dedicated business accounts for Singapore-registered companies. Here's how the two compare for cross-border payments, multi-currency holding, and team spend.

Wise Business

Wise Business is a single-tier product. You pay a one-time S$99 setup fee to unlock local account details in 23 currencies, with no monthly fees after that¹.

You can hold and convert 40+ currencies and send money internationally with fees starting from 0.23%¹.

Wise Business also includes:

• Physical and virtual debit cards for team members¹

• Batch payments for paying multiple recipients at once

• Accounting integrations for syncing transactions

• Wise Interest, with returns on SGD, USD, GBP, and EUR balances from 1.01% on SGD after a 0.68% annual fee⁵

For a full breakdown of Wise Business features and limitations, see our Wise Business account review.

Revolut Business

Revolut Business gives Singapore companies a multi-currency account with global and local account details. There are four plans — Basic, Grow, Scale, and Enterprise — with different monthly fees, transfer allowances, and FX limits.

Which business account fits which need

Both accounts cover the basics: hold multiple currencies, send international transfers, and issue team cards. The main differences:

• Wise Business charges per transaction with no monthly fee. If your transfer volume is unpredictable or you're early-stage, you only pay for what you use.

• Revolut Business trades a monthly fee for bundled allowances. If you send transfers regularly and stay within plan limits, the cost can be lower than per-transaction pricing.

Note that neither account supports CPF contributions, GIRO salary payments, or corporate tax payments — both common requirements for Singapore-registered businesses. On top of that, neither offers a built-in payment gateway in Singapore, so you can't use them to accept card payments from customers online.

Fees and exchange rates compared

Both Wise and Revolut publish their fees upfront, but the way they price currency conversion is very different.

How Wise charges for FX

Wise uses the mid-market rate — the same rate you'd see on Google — and adds a small upfront fee on top¹. Conversion fees start from 0.23%¹. There's no monthly cap, no fair usage fee, and no weekend markup. You see the exact fee and the amount your recipient gets before you confirm the transfer¹.

If you send more than S$30,000 (or equivalent) in a month, Wise applies a volume discount on your remaining transfers for that month⁶.

How Revolut charges for FX

Revolut uses the interbank rate during weekday market hours, with no extra conversion fee, but only up to your plan's monthly limit². Once you exceed the limit, a fair usage fee kicks in pn Standard. Metal users have unlimited FX with no fair usage fee².

There's also a 1% additional fee for currency exchanges made outside foreign exchange market hours, which Revolut defines as Friday 5pm to Sunday 6pm New York time². This applies to all Standard personal users and to all business accounts on exchanges over the FX allowance³.

International transfer fees

For Wise, transfer fees vary by currency and destination, starting from 0.23%¹. There's no monthly allowance — every transfer is priced individually and shown upfront.

For Revolut Business, the cost depends on your plan. Each plan includes a set number of free international outbound transfers per month — for example, 5 on the Grow plan — after which each additional transfer costs S$8³. Domestic SGD transfers outside the allowance cost S$0.20 each on Grow³.

Receiving money

Receiving money on Wise depends on the currency and method. Domestic (non-SWIFT) inbound payments in AUD, CAD, EUR, GBP, HUF, NZD, PHP, SGD, and USD are free¹. SWIFT inbound payments are charged per currency — for example, US$6.11 per USD wire, £2.16 per GBP SWIFT payment, and €2.39 per EUR SWIFT payment¹.

For Revolut Business, USD, GBP, EUR, and CHF inbound transfers aren't charged by Revolut and don't count toward your plan allowance, though correspondent bank fees may still apply³. Other currencies and routes vary by plan.

Which is cheaper?

It depends on how you use the account.

• Pay-per-use, low to medium volume: Wise tends to be cheaper because there's no monthly fee and no fair usage cap.

• High monthly transfer volume that fits inside a plan: Revolut can be cheaper, since you get bundled allowances for a flat monthly fee.

• Weekend or after-hours FX: Wise wins, since it doesn't apply weekend markups.

• Receiving USD, GBP, EUR, or CHF on a business account: Revolut Business is competitive because these inbound transfers aren't charged³.

Cards and ATM withdrawals

Both Wise and Revolut offer debit cards linked to your account that let you spend in foreign currencies and withdraw cash overseas. Here's how they differ.

Wise card

The Wise card is a single debit card available to personal and business account holders. You can spend in 40+ currencies, and when you pay in a currency you already hold, there's no fee¹. If you don't hold the currency, Wise converts from your balance using the mid-market rate plus a fee from 0.23%¹.

ATM withdrawals are not available in Singapore on the Wise card¹. Overseas, you can withdraw up to S$100 per month for free, after which a 1.75% fee applies on the amount over S$100¹. Topping up external e-wallets in certain currencies attracts a 2% fee¹.

Revolut cards

Revolut offers a different card depending on your plan². On personal accounts:

• Standard comes with a basic card delivered for S$4.99²

• Premium includes a personalised Premium card with free express delivery²

• Metal includes a personalised Metal card with free express delivery and 1.5% cashback on card payments²

On Revolut Business, all plans include physical and virtual corporate cards. The first physical card per Authorised Person is delivered free, with additional cards starting from S$9.99³. Grow and above include complimentary metal cards³.

ATM withdrawals are not available in Singapore on Revolut cards either³. Overseas withdrawals come with plan-based free allowances — for example, S$350 per month or 5 withdrawals on the Standard personal plan — after which a 2% fee applies².

Transfer speed and country coverage

How fast your money arrives — and where you can send it — depends on the provider, the currency, and the route. Here's how each platform handles it.

Wise

Wise transfers run on a hybrid model. Where Wise has local accounts in both the sending and receiving country, payments settle locally and tend to arrive faster. Where local rails aren't available, transfers route through SWIFT, which is slower¹.

Pricing is pay-per-use: every transfer is priced individually based on currency, destination, and amount. Wise applies an automatic volume discount once you send more than S$30,000 or equivalent in a calendar month — and that discount applies to the rest of your transfers that month, regardless of currency⁶.

Revolut

For Revolut Business, international transfer speed depends on the route. The platform shows you an estimated arrival time in the app before you confirm a payment.

What's different from Wise is the pricing structure: each business plan comes with a set number of free international outbound transfers per month — for example, 5 on the Grow plan — and you pay S$8 per transfer once you exceed that allowance³. So the cost per transfer isn't fixed by route; it's fixed by whether you're inside or outside your monthly limit.

What to consider

If your transfer pattern is bursty or hard to predict, Wise's pay-per-use model means you only pay for what you send. If you have a steady, predictable monthly volume — and most of your transfers stay inside a Revolut plan's allowance — Revolut Business can work out cheaper per transfer.

For specific country lists and transfer time estimates, check each provider's own send-money calculator before committing.

Wise vs Revolut: Which should you choose?

There's no universal answer to which one is better. The right pick depends on what you actually do with the account:

Pick Wise if you…

• Want a single, predictable account with no monthly fees¹

• Mostly send and receive international transfers and want pricing you can read at a glance

• Value the mid-market exchange rate without weekend or fair usage markups¹

• Need to receive USD, GBP, EUR, or other major currencies via local account details⁴

• Don't want to manage plan tiers or worry about hitting an FX cap

Pick Revolut if you…

• Send a steady, predictable monthly volume of international transfers and can stay within a plan's allowance³

• Want bundled features like cashback (on Metal²) or higher overseas ATM allowances²

• Receive a lot of inbound USD, GBP, EUR, or CHF transfers on a business account, since these don't count toward your Revolut plan allowance³

• Like the flexibility of upgrading plans as your usage grows

• Don't mind paying a monthly subscription in exchange for fewer per-transaction fees

Why Singapore businesses choose Airwallex over Wise and Revolut

Wise and Revolut both work well if your main need is moving money across borders. Wise is the go-to for cheap, transparent transfers. Revolut bundles transfers, cards, and FX into plan-based pricing.

But most Singapore businesses need more than that. You're paying overseas suppliers in different currencies. You're accepting payments from international customers. You're managing team spend across markets. And you want all of it in one place, not stitched together across two or three platforms.

That's where Airwallex comes in. It's built as a single platform for the full range of financial operations a growing business needs — collections, payouts, corporate cards, expense management, and bill pay. Here’s what you get with Airwallex:

Send money to 200+ countries

With Global Accounts, you can open local currency accounts in 20+ currencies for free and receive funds as if you were a local. When you send money out, FX & Transfers covers 200+ countries — far beyond what Wise or Revolut offer for outbound coverage. You also get free transfers to 120+ countries via local rails.

Accept payments in 180+ countries

Airwallex includes a full payment gateway you can use to accept customer payments in 180+ countries through 160+ payment methods, including local options like PayNow. Neither Wise nor Revolut offers this in Singapore — so for any business selling online, this closes a major gap on its own.

Issue corporate cards with zero FX fees

With Airwallex Corporate Cards, you and your team get physical and virtual cards with zero foreign transaction fees. You set spend limits, track receipts in real time, and run approvals — all without buying separate expense management software.

Automate your accounts payable

Airwallex Bill Pay lets you upload supplier invoices, schedule payments, and run approval workflows from inside the same platform. Revolut doesn't offer this in Singapore, and Wise has no equivalent.

Earn returns on idle cash

Rather than letting balances sit idle, Airwallex Yield lets you earn competitive returns on SGD and USD balances, with no lock-in period and no minimum balance. Funds are invested in institutional-grade money market funds.

Scale without paying for what you don't use

Airwallex's core features — multi-currency accounts, global transfers, and corporate cards — are all included in the free Explore plan. You add advanced functionality only when you need it, with no monthly subscription forcing the decision.

Frequently asked questions (FAQs)

Is Wise or Revolut cheaper in Singapore?

It depends on how you use the account. Wise tends to be cheaper for low to medium volume, since you only pay for what you send and there's no monthly fee¹. Revolut can work out cheaper if your monthly transfers and FX usage stay within your plan's allowance² ³. There's no universal answer — it comes down to your usage pattern.

Are Wise and Revolut safe to use in Singapore?

Yes. Both Wise and Revolut are licensed and regulated in Singapore. Customer funds are held separately from the providers' own funds in line with Monetary Authority of Singapore safeguarding requirements.

Can I use Wise or Revolut to pay CPF or GIRO in Singapore?

No. Neither Wise nor Revolut supports CPF contributions, GIRO salary payments, or corporate tax payments. If these are part of your regular operations, you'll need a separate solution to handle them.

Which has better exchange rates, Wise or Revolut?

Wise uses the mid-market rate on every conversion, with a small upfront fee from 0.23%¹. Revolut uses the interbank rate during weekday market hours with no extra fee, but only up to your plan's monthly FX limit² ³. Beyond the limit, fair usage fees apply, and Standard personal users also pay an extra 1% on weekend exchanges². For predictable rates with no markup conditions, Wise is more straightforward.

Does Wise or Revolut offer a payment gateway in Singapore?

No. Neither provider offers a payment gateway you can use to accept card payments from customers in Singapore. If you need to accept online payments, you'll need a separate provider — or a platform like Airwallex that includes payment acceptance as part of its business account.

Which is better for business in Singapore, Wise or Revolut?

Wise is better if you want simple, transparent transfer pricing with no monthly fee. Revolut is better if your monthly transfer and FX volume fits inside a plan's allowance, since the bundled pricing can work out cheaper. For businesses that also need to accept customer payments, manage team spend, or pay suppliers globally in one place, Airwallex is worth comparing alongside both.

Sources:

1.  https://wise.com/sg/pricing/business

2.  https://www.revolut.com/en-SG/our-pricing-plans/

3.  https://www.revolut.com/en-SG/legal/business-grow-fees/

4.  https://wise.com/sg/pricing/business/receive

5.  https://wise.com/sg/business/interest

6.  https://wise.com/sg/pricing/business/send-money

This publication does not constitute legal, tax, or professional advice from Airwallex, nor does it substitute seeking such advice, and makes no express or implied representations / warranties / guarantees regarding content accuracy, completeness, or currency. If you would like to request an update, feel free to contact us at [[email protected]]. Airwallex (Singapore) Pte. Ltd. (201626561Z) is licensed as a Major Payment Institution and regulated by the Monetary Authority of Singapore.