Compare Revolut Alternatives in Australia: Features and Fees

Revolut Australia¹ is a very popular service offering accounts, cards and international transfers around the world. However, before you sign up, it’s a good plan to compare a few Revolut alternatives to see if it’s the best possible fit for your needs. 

Join us as we explore some great Revolut alternatives in Australia, depending on the specific features and services you’re looking for, including Wise as a smart all round payment and account provider.

What is Revolut?

Revolut launched in 2015 and has now got a broad global reach and a user base of over 65 million personal and business customers. Revolut offers different account plans in Australia which each have their own features and fees. 

Personal customers can choose from various plans—ranging from free to 28.99 AUD per month, which offers a linked debit card, some no fee ATM use, some no fee weekday currency conversion, and ways to hold and exchange 30+ currencies². Higher account tiers offer additional no fee transaction allowances and may waive some other costs such as weekend currency conversion surcharges. You may even qualify for lifestyle perks and benefits like discounted airport lounge access or insurance with some plans.

Revolut also offer Business accounts and custom plans which might suit enterprise level customers³. All accounts offer multi-currency features, linked cards, and business friendly perks like multi-user access, expense management and bill pay features.

Features & Fees:

• Personal and business services available with varying fees monthly - 0 AUD - 28.99 AUD for personal accounts
• Hold and exchange 30+ currencies, and get some no fee exchange with the Revolut rate on weekdays
• All accounts have a linked debit card for spending and withdrawals, with some no fee ATM use monthly
• 2% fee applies on ATM use once plan allowance is exhausted⁴
• Fair usage fee of 0.5% applies on currency conversion above plan limit⁴, plus up to 1% out of hours fee at weekends

Best Revolut Alternatives in Australia

Here’s a roundup of some smart alternatives to Revolut in Australia, for payments, account management, business use and more.

*Details correct at time of research - 14th January 2026

Wise

Best for: Mid-market rate currency conversion, account to hold, send, spend and exchange 40+ currencies

There’s no account opening fee for a Wise personal account. Once you have an account there are no monthly fees and you can hold 40+ currencies, receive payments with account details in 8+ currencies, send to 140+ countries and spend with your linked debit card in 150+ countries.

Features & Fees:

• Both personal and business accounts available
• No ongoing account fees, currency conversion from 0.63%
• Hold 40+ currencies in your account and exchange with the mid-market rate
• Send money quickly or even instantly, to 140+ countries
• Receive payments with local and SWIFT account information in 8+ currencies 
• Get a linked debit card to spend and make cash withdrawals
• Ability to earn returns on your AUD and USD balances for personal account*

*'Interest' is a custody and nominee service offered through Wise Australia Investments Pty Ltd. Capital at risk, growth not guaranteed.

Learn more about the Wise account

Airwallex

Best for: Business owners looking to receive incoming customer payments in 20+ currencies, including options for card payments 

Airwallex serves business customers and is a particularly popular provider for owners of digital businesses and ecommerce stores. Accounts offer support to receive and hold 20+ currencies, and ways to take customer card payments, local payment methods and subscriptions. Ongoing account fees vary, from 0 AUD to 999+ AUD per month for larger businesses.

Features & Fees:

• 3 different account tiers - Explore (0 AUD - 29 AUD/month), Accelerate (99 AUD/month) and Grow (from 999 AUD/month)
• Local account information to receive and hold 20+ currencies
• Process customer card payments - 1.65% + 0.3 AUD for local cards, and 3.4% + 0.3 AUD for international cards
• Currency conversion costs 0.5% for major currencies, and 1% for other currencies 
• Corporate spending cards available for employees
• Billing tools to cut down on administration time

PayPal

Best for: Secure online shopping and domestic payments funded by bank transfer or PayPal balance

PayPal is a giant in the world of ecommerce, having pioneered digital payments back in the early 2000s. With a huge user base, it’s simple to send money from your PayPal account to another PayPal account at home or abroad - but the costs can be high for international transfers, including a 4% currency conversion fee. Accounts can hold 20+ currencies which is great for online spending and payments.

Features & Fees:

• No ongoing account fees - available to both personal and business customers
• Shop online and pay with linked bank account, card or PayPal balance
• Transfer to other PayPal accounts all around the world - 200+ countries and territories supported
• Send payments locally with no fee if you pay with your linked bank or a PayPal balance
• International payments cost up to 5.99 AUD with an additional 2.6% if you pay with card and a 4% currency conversion cost
• Merchant payment options available - very popular, trusted and secure for digital payment processing

Remitly

Best for: Personal payments to friends and family, with the option for cash collection in many countries

Remitly supports over 170 countries globally, with a range of payments you can arrange digitally and receive either to a bank or mobile money account, or for cash collection depending on the country. This makes it a popular choice for people sending money to loved ones, as you can get money where it needs to be fast, even if the recipient does not have instant access to a bank or ATM.

Features & Fees:

• Send money to 170+ countries with a range of payout options including cash collection, bank and mobile money deposit
• Arrange your payment digitally with just your phone or laptop
• No ongoing account fees, and variable costs and rates which depend on the transfer type you’re making
• Promotional offers may apply - especially for new customers - which can drive down price
• Fee refunds if your transfer is not delivered in the promised timescale
• Not suitable for business use

Summary: What’s the Best Alternative to Revolut?

There’s not one single best Revolut alternative in Australia. Which suits you best may depend on what you value from your provider, and the specific transactions you want to make.

If you’re a business customer looking to make card payments, and you want to hold and exchange 20+ currencies in a digital first account, Airwallex might be a good pick. PayPal is also a strong contender for digital merchants, and offers free domestic payments if you use a bank account - but international costs can be pretty high. For sending money home to loved ones, Remitly is a popular choice which has cash collection features which appeal to people needing to get a payment to someone overseas quickly and without using a bank.

Finally, Wise may be best for you if what you’re either a business or personal customer, looking for a flexible all round account and card provider which offers mid-market exchange rates, transparent fees on currency conversion and transfers and no monthly fees to pay.

🚀 Sign up for a Wise account