Wise vs Revolut in Canada 🇨🇦 [2026 Updated]

Wise and Revolut both provide digital multi-currency accounts and cards for personal and business use.

➡️ Wise is available to customers in Canada and in many other countries globally.

Revolut is not yet available to Canadian customers. ❌

This guide looks at Wise and Revolut features and fees including accounts, cards and transfers, to help you understand and compare your options.

🧭 Summary:

• ✅ Wise accounts can hold and exchange 40+ currencies, and come with debit cards for payments and withdrawals, as well as easy ways to send and receive foreign currencies.

• ❌ Revolut isn’t offered in Canada - but where services are available you’ll be able to pick from different account tiers which all support 25+ currencies, and come with spending cards for ease of use.

Wise Vs Revolut: side by side

Wise and Revolut have some similar features, but aren’t exactly the same in terms of their functions and fees.

Revolut isn’t offered to Canadian residents as yet, but is rolling out services to more countries on an ongoing basis - this guide uses Revolut US account options as an example, to illustrate the services offered.

We will look at Wise vs Revolut features in more depth as we work through this guide. First let’s look at a features overview, using Revolut US as our example:

*Details correct at time of research - 3rd March 2026

So, to summarise:

• Wise offers services to personal and business customers in Canada, Revolut is not available in Canada

• Revolut has 3 different personal account tiers for US customers, as well as 4 different business account options, Wise offers the same account features to all customers (personal vs business account features may vary slightly, though)

• Wise has a multi-currency account to support 40+ currencies - Revolut accounts support 25+ currencies

• Both providers offer payment cards which can be used globally

• Wise offers international transfers to 140+ countries, Revolut US customers can send to 140+ countries

• Both providers are fully regulated and safe to use in the countries where they offer services

💡 The important bits

Let’s walk through a head to head comparison - again we’ve used Revolut US as our example here where discussing things like fees.

*Details correct at time of research - 3rd March 2026 *The speed of transaction claims depends on individual circumstances and may not be available for all transactions

Pros and cons

Wise Vs Revolut: The verdict

Wise and Revolut are both great options for international accounts and cards. You can open a Wise account in Canada, while Revolut is not yet available for Canadian residents.

Wise accounts have no ongoing fees and mid-market rate currency conversion. You can get a debit card, and also send international payments and receive money in foreign currencies. When you use Wise you’ll pay transaction fees based on the services you use, which are transparent and usually pretty low.

Revolut has different account tiers, so you can choose to either pay ongoing fees to get more features, or have a basic account with no monthly charge. This allows you to pick the account type which gives you the best value based on how you transact.

If you’re eligible for both Wise and Revolut accounts it’s worth comparing both options to see which works better for you. This guide will also give you lots more to think about in terms of Wise vs Revolut features, fees and accessibility.

Is Revolut available in Canada? 🇨🇦

❌ At the moment, you can’t open a Revolut account from Canada - but you can if you’re a legal resident of the European Economic Area (EEA), Australia, New Zealand, Singapore, Japan, Brazil, Switzerland, the United Kingdom, or the United States.

Because Revolut isn’t offered in Canada, we can’t show account services or fees for our local area - but to help you see what may be offered when Revolut rolls out further, we’ve used the account options you’d get if you were a US resident instead.

Is Wise available in Canada?

Yes, you can use Wise in Canada.

✅ You can open a Wise account to 40+ currencies including CAD, order a Wise card and send money internationally to 140+ countries with Wise.

About Wise and Revolut 🧭

Wise was founded as TransferWise in 2011, and offers personal and business accounts to hold and manage 40+ currencies, accept payments and spend using a linked Wise debit card. You can also send money to 140+ countries with the mid-market exchange rate and low, transparent fees.

Revolut is a financial technology company which launched in 2015 and is now available in countries and regions including the US, UK, and EEA. It is not yet available in Canada - but is expanding to new markets all the time. Revolut has different account tiers for personal and business use, with multi-currency functions to hold and exchange 25+ currencies.

How do they work? 🤔 

Wise accounts hold and exchange 40+ currencies with the mid-market rate and low, transparent fees. You can order a Wise debit card, which lets you spend any currency you hold in your Wise account.

There’s no fee if you hold enough of the required currency to cover the costs of your purchases, and if you don’t have the currency needed the card can exchange for you with the mid-market exchange rate and low fees from 0.48%. Learn more: How does Wise work?

Wise accounts have no ongoing fees.

Revolut accounts can work a little differently.

You can choose a basic Revolut account which has no monthly fees - but if you transact regularly you may also choose to upgrade to an account with a monthly charge which offers more features and higher no-fee transaction limits. Revolut accounts all offer some no fee weekday currency exchange, with fair usage fees once you exhaust your plan limit.

Wise Vs Revolut: Fees

Let’s examine Wise vs Revolut fees. We’ve taken the Revolut US charges here as an example, as Revolut is not available to Canadian customers just yet.

*Details correct at time of research - 3rd March 2026

Wise Vs Revolut: Which is cheaper for international payments? 

Wise and Revolut both offer variable fees for international transfers. With Wise your CAD payment is converted to the currency needed for deposit with the mid-market rate, and there’s a fee for conversion which starts from 0.48%.

Revolut has a transfer fee of 0.15% when sending a ‘local currency’ payment, such as sending GBP to the UK. You’ll pay 30 USD for foreign currency transfers including payments in a non-local currency, such as EUR to the UK, or within the US - like a transfer of GBP to a US based account.

In both cases you can see the costs of your payment before you initiate it so you can compare it to other options.

Wise Vs Revolut: Exchange rates 💱

Wise and Revolut work a bit differently for currency exchange.

Wise uses the mid-market exchange rate when you switch currencies within your account, when you send a payment, and when you spend with your card. There’s then a conversion fee to pay, which is shown separately for transparency, and which starts from 0.48%.

Revolut accounts have varying levels of no fee weekday currency conversion. In the US, to give an example, a basic plan holder can convert up to 1,000 USD a month on a weekday with no extra fee.

Once you’ve used up this allowance you pay a fair usage fee - usually 0.5%. There’s also a 1% fee to pay for currency conversion if you need to exchange outside of market hours - so at the weekend for example. Out of hours fees may be waived on higher tier accounts.

Wise Vs Revolut: Which is faster for international transfer?

If you’re sending money to a bank account, 70%+ of transfers are Wise instant (completed under 20 seconds), 80%+ are delivered in less than 1 hour*. Revolut has variable delivery times based on the country you’re sending to and from.

Both providers give you a delivery estimate when you set up your transfer so you can get an idea of when your money should be available to the recipient.

*The speed of transaction claims depends on individual circumstances and may not be available for all transactions

Wise Vs Revolut: International transfer limits

Wise international transfer limits can depend on whether you have a personal or business account, and the currencies involved. Usually you can send around 1 million GBP or the currency equivalent - some payment methods have lower limits, which you’ll see in the app or online when you set up a transfer.

If you’re sending from CAD you can send up to 1.5 million CAD per transfer depending on the method you pick.

If you have a Revolut US account you can usually send an unlimited amount to a bank account overseas. However, there are a few exceptions which can depend on the country and currency involved. If your payment is affected you’ll see a message in the app before you initiate the transfer.

Wise Vs Revolut: Payment methods

If you want to use Wise to send an international transfer, or if you’re topping up your account yourself, you can choose from:

• direct debit (EFT)

• online bill payment

• debit/credit card

• wire transfer

• Interac e-Transfer

• Wise account balance

You can add money to a Revolut US account with a bank transfer - such as an ACH - or with a debit or credit card. If you’re sending an international payment with Revolut you’ll see your payment options and the relevant fees on the screen when you set up your transfer.

Wise card Vs Revolut card for travel

Having an international account with a linked debit card is convenient for spending and making withdrawals when you travel. Here’s a quick head to head of the card options for Wise vs Revolut.

Wise Vs Revolut cards: Where can you use them?

Both the Wise card and the various options for Revolut cards can be issued as either a Visa or Mastercard. You won’t be able to choose which network your card is issued on but both are very broadly supported internationally.

Wise Business Vs Revolut Business  💼

Both Wise and Revolut offer business services in many countries around the world. As with personal account services, businesses in Canada can not choose a Revolut account, but Wise is available as an alternative to Revolut Business in Canada.

Here we’ve looked at Revolut’s business account options in the US to give a feel for what’s available.

Ease of use 

Supported currencies 🌐

Wise accounts can hold 40+ currencies and come with local account details for 8+ currencies.

Revolut accounts in the US can hold and exchange 25+ currencies.

Safety 🔐

Both Wise and Revolut are digital first providers which use strong digital security measures on all accounts and transfers.

Wise safety features include 24/7 anti-fraud measures, with both manual and automatic protections in place, comprehensive customer service if you have any questions, and ways to view transactions and freeze your card in-app if you need to.

Revolut also has strong security measures in place including a thorough verification process, 2 factor authentication and in-house anti fraud teams working round the clock/

Regulation in Canada ⚖️

Wise and Revolut are both fully regulated providers.

As we’ve mentioned, Revolut is not available in Canada, but where it offers services, it is properly licensed depending on the local laws and requirements.

In Canada, Wise is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).As a global company Wise is also overseen by a selection of bodies all around the world.

Learn more: How is Wise regulated?

Wise Vs Revolut: Customer service ☎️

Both Wise and Revolut have a self service model which means that most of the information you need to transact is available in the app, through prompts and on screen messages. If you ever have a question you can get individual support from both providers, 24/7 by starting an in app chat. You’ll be connected to the help you need depending on the specific problem you have.

Conclusion: Comparing Wise and Revolut for Canada

Wise and Revolut are both strong options for international accounts and cards. However, if you’re based in Canada you can’t open a Revolut account at the time of writing. Until Revolut rolls out its services to Canada you might want to check out Wise instead.

Wise multi-currency accounts support 40+ currencies and come with debit cards which you can use globally with the mid-market rate, no foreign transaction fee and low currency conversion costs from 0.48%. If you’re looking for easy ways to send, receive, spend and exchange currencies, Wise is well worth checking out.

Useful resources:

• Wise Canada

• Wise pricing

• Wise business

• Revolut US

• Revolut US plans

• Revolut US business plans