Banks Like Revolut

Banks Like Revolut. Revolut is a leading hub in the online banking space. As a challenger bank, it tries to expand the company by introducing quality services. This ranges from creating a marketplace for crypto investment for its customers to leverage to giving metal cards to top-tier members.

Banks Like Revolut

Are there other banks like Revolut out there? Revolut has been offering a lot that gives it an edge over traditional banks. With their services, you can save lots of money using foreign currency exchange, including commissions in the form of cashback by the bank.

But even with its great offerings, they still have competitors. Continue reading to find out the five best online banks like Revolut available now. And if you are planning on banking with any digital banking services, you should consider opening an account in any of these.

Best Online Banks Like Revolut

  1. N26

N26 is a German startup bank that has been a top online banking platform for all the states that are members of the European Union. Unfortunately, N26 is not available for UK residents, so customers from the UK cannot use this online banking app. The bank was founded in 2013 and received its operating license to run as a regular bank. N26 uses an app supported by mobile and PC plus a user-friendly interface.

You can use any card on N26, namely a personal card, black card, or business card. N26 keeps making sure that online transfer is easy across nations.

They have made a collaboration with Tansferwise to facilitate foreign currency exchange. N26 transfers are almost free, plus you can make ATM withdrawals for free, so people who love to travel will benefit from it.

2. Wise

One of the other online banks, like Revolut, is Wise. Residents from different parts of the world, like Europe, Japan, Singapore, Australia, and America, can access it. Customers can open personal or business accounts.

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Wise doesn’t have a paid account type like Revolut. You can open your account for free. You also get a virtual card to shop online and make transactions for free too. However, getting a physical card comes with a fee in case you need one.

With Revolut, there are over 30 currencies you can hold in a single account for your online transactions and transfer, but with Wise, it’s on a larger scale. First, you can save and transfer using 54 currencies in a single account plus ten local account details

Wise also gives a backend to companies that use their services. They allow the customers of these companies to make international transfers at lower fees.

With Wise, making transfers abroad is done at a reasonable exchange rate, and you can send money to over 80 countries at the lowest fees without unnecessary markups and margins. Other features include Mastercard, Xero integration system, management team, and part payments.

3. Monzo

Monzo is an online bank founded in the United Kingdom. This online service which caters to the UK audience, became licensed in 2017 and expanded its operations and services.

Monzo currently boasts over 5 million customers with different active accounts like savings and current accounts. Monzo keeps expanding its horizon to add more services to customers.

It uses Mastercard as the exchange rate, and like Revolut, you have a free and paid version of their current accounts.

They also offer teen accounts and joint accounts. Even though Monzo has fewer features, you can’t miss out on goodies like savings and budgeting planning, credit trackers, customer updates, travel reports, etc.

4. Monese

If you want a UK-based banking service that makes money transfers, then Monese is one of the best online banks like Revolut that you should use. You can open an account on Monese with only a selfie, which is a good thing for a new migrant who doesn’t have proper documents yet. They have accumulated a large customer base since their appearance in the online space in 2013.

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Monese also extends its service to other EU countries and countries like Iceland, which is not an EU country. Just like Revolut, transfers between accounts come with a fee, but if it’s a Monese account, transfers are free.

5. Varo Bank

Varo Bank is a US-based online-only bank that offers a range of financial products and services, including checking and savings accounts, debit cards, and credit builder accounts. One of the main advantages of Varo is that it has no monthly fees, no minimum balance requirements, and no foreign transaction fees. They also offer a high-yield savings account with an annual percentage yield (APY) of up to 2.80%.

Varo also offers a range of budgeting and savings tools, such as the ability to set savings goals and track your spending. Additionally, they have a mobile app that allows you to deposit checks, pay bills, and transfer money easily. They also offer a credit-builder account that helps you to build or rebuild your credit score by reporting your account activity to the three major credit bureaus.

Varo Bank is FDIC-insured, so customers’ deposits are insured up to $250,000. They are also a member of the Federal Reserve System, and all transactions are processed through The Bancorp Bank.

It’s important to note that Varo Bank is only available to customers in the United States, and their services are not yet available to customers in all 50 states.


Using Revolut to make an online payment is an excellent option for customers in the US, and like most challenger banks, it’s creating more opportunities for faster payments.

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But still, it might not be a perfect fit for you, so you can always get other banks like Revolut that will fit your needs. Before looking for another option to settle for, you can check the different online banks like Revolut we have written in this article.

So whether you want to make international transfers or low fees payment, there is a better alternative to pick.

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