Need to send money internationally? See how Revolut compares to traditional providers

Revolut Australia

 · 10/07/2021  · 10/07/2021

We’ll always aim to bring you world-class services when it comes to all things money. With revolutionary products like our disposable virtual cards, crypto exchanges and Revolut Junior, it’s easy to see why over 16 million customers, from all over the world, have signed up to use Revolut. But when it comes to sending or spending your money overseas, Revolut really rises to the top of the list. Here’s why:

Our exchange rates are competitive… really competitive 💰

When you exchange money with us, you’re getting the interbank exchange rate, not the marked-up prices that traditional providers have been using for so long. We also pride ourselves on having some of the most competitive fees around when sending money from Australia.

But, as they say, the proof is in the pudding, so let’s take a closer look. This table shows the rates for exchanging 1,000 Australian Dollars (AUD) to British Pounds (GBP) on a typical Wednesday. Compare our rates against high bank spread charges and you’ll understand why customers love using Revolut to send money around the world.

Company

Exchange rate
(For every A$ 1.00)

What you get in GBP (£), excluding fees

Revolut 

0.5304

530.47

Citibank

0.5212

521.20

Commonwealth Bank

0.5044

504.40

National Australia Bank

0.5094

509.38

Westpac

0.5103

510.30

And here’s what you get when you compare our rates against other remittance providers:

Company

Exchange rate
(For every A$ 1.00)

What you get in GBP (£), excluding fees

Revolut 

0.5304

530.47

Western Union

0.5245

524.49

Travelex

0.5152

515.20

XE

0.5280

528.00

But the best part is, if you’re sending money to another Revolut customer, transfers are instant and free, regardless of where they are and when you send it. Amazing, right?

Spend anywhere like a local 🌎

If you’re travelling abroad, using Revolut is fast, secure, and gives you more for your money. You can also exchange and hold your money in a wide range of currencies, with no hidden fees. We’ve put together this quick comparison so you can see for yourself:

Account

No. of currencies you can hold and exchange 

Revolut 

27

Commonwealth Bank Travel Money Card 

13

Westpac Worldwide Wallet 

11 

National Australia Bank Foreign Currency Account 

16

Citibank Global Currency Account 

10

Plus, Revolut allows you to spend in 150+ currencies. Now you really can shop from anywhere!

Honestly, we’re the full package 🤑

Innovation is in our blood, it’s what sets us apart from traditional providers.

We’re building the world’s first truly global financial super app, which is why you can also access Crypto and Commodities exchanges from your Revolut app. And we’ve built tools to help you smash your financial goals, like Budgeting and Analytics and saving Vaults, as well as other fun features like shopping Rewards and Gifting (complete with GIFs and personalised messages, of course). And if you have children aged 6 to 17, they’ll be able to get a headstart in financial literacy with Revolut Junior. See? The full package.

We might do a lot already, but we’re not slowing down. We’re constantly working to bring you new products and features, so get more from your money every day. Ready to get started? Just click here.


Revolut respects our competitors and aims to provide fair information to our readers. All information is accurate at the time of writing on 24 September 2021, 5.30 - 6pm GMT+10. Fees, currencies and other products/features may change with time. Fees may apply including transfer fees and fair usage fees (above plan limits). Further details can be found here.

The information above is presented with brevity; please do your own research on the official websites by Revolut, Citibank, Commonwealth Bank, National Australia Bank, Westpac and Western Union.