Banco Pichincha vs Revolut UK

Banco Pichincha

Who it suits

• Ecuadorian teens and freelancers, the audiences named: teen and freelancer.
• People who want interest to build daily but still reach the balance, as easy access describes.
• Senders inside Ecuador who want payouts to a bank account or cash pickup: bank and cash pickup.

Who should look elsewhere

• Skrill and PayPal Colombia, if you convert often, since their fees are 3.99% and 3% to 4% against 1% here.
• bunq, when you want a euro-denominated setup rather than an account from a bank headquartered in Ecuador.
• Anyone who needs a locked rate, since the rate type is variable.

Revolut UK

Who it suits

• Savers who want instant app access and no charge for holding the balance, rather than a card and credit deal such as AXI Card Tarjeta y Credito at 21.59%.
• Travelers, freelancers and teens, the audience named in travelers, freelancer and teen, who want 30 currencies and a conversion fee that runs 0% to 1%.
• Anyone starting out with a wallet, since PayPal Colombia is the listed alternative at 3.3% and this balance pays 4% with iban details.

Who should look elsewhere

• Savers shopping on the headline rate alone: the listed alternative Plazo ES shows 24.19% and AXI Card Tarjeta y Credito shows 21.59%, both far above the 4% paid here.
• People who need the return fixed for a set period, since the rate type is variable and the balance is easy-access by design.
• Customers who want the deposits held by the brand itself: the account licence type is e money and the savings sit with a savings deposit partner, a different structure from the listed wallet alternative PayPal Colombia at 3.3%.

Banco Pichincha