Finom vs Revolut UK

Finom

Who it suits

• Freelancers and sole traders who need local IBAN details and can move money the same day it arrives.
• Small businesses paid in euros by clients abroad who want several currencies in one place.
• Readers who want a set rate on working money rather than the highest variable rate on the table.

Who should look elsewhere

• Anyone ranking purely on the headline figure, since Plazo ES lists 24.19% and AXI Card Tarjeta y Credito 21.59%.
• Variable rate savers, since 79% of the brands in this group pay a variable rate and the Finom rate is fixed.
• Readers happy with a wallet and a smaller return, since PayPal Colombia lists 3.3%.

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%.

Finom