Splitwise vs Revolut: Which is Better?
Splitwise vs Revolut: Which is Better?
Splitwise and Revolut serve different purposes:
- Splitwise is an expense-sharing app that helps users split bills and track expenses among friends, roommates, and groups.
- Revolut is a digital banking app that provides banking, multi-currency accounts, payments, and investing options.
1. Key Differences: Splitwise vs Revolut
| Feature | Splitwise | Revolut |
|---|---|---|
| Main Purpose | Expense tracking & bill splitting | Digital banking & payments |
| Money Transfers | No (only tracks expenses) | Yes (bank transfers & peer-to-peer payments) |
| Multi-Currency Support | No | Yes (30+ currencies) |
| Debit Card | No | Yes |
| Investing & Crypto | No | Yes |
| Cashback & Rewards | No | Yes |
| Best For | Tracking shared expenses with groups | Managing money, banking, and payments |
2. Features Comparison
🔹 Expense Splitting & Tracking
- Splitwise allows users to add, track, and split expenses.
- Revolut has a “Split Bill” feature, but it’s not as advanced as Splitwise.
🏆 Winner: Splitwise (best for expense tracking).
🔹 Payments & Money Transfers
- Splitwise does not process payments, only tracks them.
- Revolut allows instant bank transfers and peer-to-peer payments.
🏆 Winner: Revolut (for payments).
🔹 Multi-Currency & International Use
- Splitwise does not support multi-currency balances.
- Revolut allows users to send, hold, and convert 30+ currencies.
🏆 Winner: Revolut (for international transactions).
🔹 Security & Fraud Protection
- Splitwise does not handle money directly, so security concerns are minimal.
- Revolut offers two-factor authentication, virtual cards, and fraud detection.
🏆 Winner: Revolut (for security).
3. Which One Should You Choose?
| Choose Splitwise if… | Choose Revolut if… |
|---|---|
| You need bill-splitting and expense tracking. | You need a banking app for managing money. |
| You want to track group expenses for trips, rent, or dining. | You need to send money, withdraw cash, or make purchases. |
| You don’t need payment processing, just expense organization. | You want multi-currency support and international transactions. |
4. Conclusion: Which is Better?
✔ For tracking shared expenses → Splitwise is better.
✔ For banking, payments, and money management → Revolut is better.
Overall Winner? ✅ Depends on your needs:
- Use Splitwise for organizing expenses and splitting bills.
- Use Revolut for payments, banking, and international transactions.