Has anyone used both Revolut and Wise to transfer money abroad? I have a few questions:

  1. I see that Revolut shows better exchange rates, especially if you are sending a larger amount, which could save a lot of money, whereas Wise’s exchange rate is good but not as competitive.
  2. Are there any hidden charges with Revolut? I haven’t used it before. Will it transfer the exact amount shown on the screen? Also, in Revolut, do I have to first load money into the app before sending it?
  3. What is the purpose of buying a subscription in Revolut? Is it required when sending larger amounts at once?
  4. Are there different tax filing requirements for using Revolut versus Wise? The tax details I’ve seen for Revolut on one side and Wise on the other are confusing. Could you clarify this?

https://preview.redd.it/7zf99egkg9pd1.jpg?width=750&format=pjpg&auto=webp&s=0c6da721f17c5e26897f63814a3c5e0b279bcc9d

https://preview.redd.it/3i9ijdikg9pd1.jpg?width=750&format=pjpg&auto=webp&s=58a69a00cd80e3b1db5860d6f2cf775a52fd6d37

https://preview.redd.it/vry8xegkg9pd1.jpg?width=869&format=pjpg&auto=webp&s=7531b3141aaff8fab4cfd44cb8f42aade92d8a21

by Due-Dinner-9153

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