Quick question to gather a couple of opinions. I am an extreme pro-Monzoer and wish I could do all this through Monzo but they seem to be a little bit away from the currency exchange functionality. So…
Transferwise seems to charge 0.3% per transaction.
Revolut seems to be free up to £5000 a month.
In your experience does Transferwise have better exchange rates or why would Revolut not be everyone’s preferred choice? Maybe I am missing something in the small print.
(assuming for this particular issue all exchanges will be less than £5000 per month so don’t need to worry about bigger transfers)