Personal Finance · head to head
Expense Manager vs Revolut
Revolut
Personal Finance
Multi-currency financial app operating as a licensed bank in parts of the EU and as an e-money institution elsewhere
- From
- Free
- Rated
- -
The short version
- Each has a real cost: Expense Manager the Internet Archive's capture from 23 January 2022 shows expensemanagerapp.com already redirecting to a Dan.com 'domain name is for sale' listing rather than a product page, confirming the app's original domain has been abandoned and offered for resale.; Revolut uK customer balances have historically been held under an e-money institution licence, meaning they are not covered by the Financial Services Compensation Scheme the way a traditional UK bank deposit is, even though Revolut was granted a restricted UK banking licence in 2024.
- They diverge on capability: Expense Manager covers Expense tracking, Revolut covers Multi-currency accounts.
- Prices and features above were last checked on 1 September 2026.
Where they differ
Only the attributes on which Expense Manager and Revolut actually diverge.
| Attribute | Expense Manager | Revolut |
|---|---|---|
| Pricing model | freemium | Free standard tier; paid plans add higher limits, insurance and perks |
| Platforms | IOS, Android | iOS, Android, Web |
| Founded | 2011 | Unknown |
Identical on both: starting price (Free), free tier (Yes), user rating (Not yet rated), category (Personal Finance).
What each one covers
Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.
Only in Expense Manager
- Expense tracking
- Shared expenses
- Bill splitting
- Budgeting
- Cloud backup
- IOS support
- Android support
Only in Revolut
- Multi-currency accounts
- Revolut Bank EEA deposits
- Stock, crypto and commodity trading
- Budgeting and spending analytics
- Virtual and disposable cards
- Business accounts (Revolut Business)
What people use each for
The jobs each tool is most often brought in to do.
Expense Manager
- Budget Managementnot Revolut
- Expense Trackingnot Revolut
- Investment Trackingnot Revolut
Revolut
- Someone travelling or living across multiple currencies who wants low-cost exchange and spending in one accountnot Expense Manager
- A user in the EEA who wants their balance held with a licensed bank covered by a deposit guarantee schemenot Expense Manager
- A UK-based user who understands their balance sits under e-money safeguarding rather than FSCS bank protection, and is comfortable with thatnot Expense Manager
- An investor wanting stock or crypto trading integrated with everyday spending in a single appnot Expense Manager
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
Expense Manager
- The Internet Archive's capture from 23 January 2022 shows expensemanagerapp.com already redirecting to a Dan.com 'domain name is for sale' listing rather than a product page, confirming the app's original domain has been abandoned and offered for resale.
Revolut
- UK customer balances have historically been held under an e-money institution licence, meaning they are not covered by the Financial Services Compensation Scheme the way a traditional UK bank deposit is, even though Revolut was granted a restricted UK banking licence in 2024.
- Regulatory status differs by country of use, EEA versus UK versus other markets, so the actual protection on a given balance depends on where the account is domiciled, not on the brand alone.
- Customer service has been a recurring complaint, with account freezes for fraud checks sometimes leaving customers unable to access funds for extended periods with limited direct human contact.
- The free tier caps fee-free currency exchange at a monthly allowance, after which a fair usage fee applies, so heavy multi-currency users may need a paid plan to avoid extra charges.
- The breadth of features, banking, trading, crypto and business accounts, spans multiple regulatory regimes and legal entities, which makes the overall structure harder for a typical customer to fully understand than a single-licence traditional bank.
Pricing, plan by plan
Expense Manager
Free- FreeFree
- Expense tracking
- Shared expenses
- Pro$2.99/month
- Budget tracking
- Analytics
- CSV export
Revolut
Free- StandardFree
- Free multi-currency spending up to a monthly exchange allowance
- Basic budgeting tools
- UK balances held under e-money safeguarding, not FSCS-protected as a standard bank deposit
- Premium$7.99/month
- Higher free exchange allowance
- Travel insurance and card delivery perks
- Priority customer support
- Metal$14.99/month
- Cashback on card spending
- Higher limits across features
- Metal card and additional insurance cover
Which should you pick?
Choose Expense Manager if
- You need expense tracking.
- You want to start without paying.
- You work on IOS, Android.
- You also want shared expenses.
Choose Revolut if
- You need multi-currency accounts.
- You want to start without paying.
- You work on iOS, Android, Web.
- You also want revolut bank eea deposits.
Questions people ask
- Is Expense Manager or Revolut better?
- Neither clearly leads. Expense Manager starts at Free and Revolut at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Expense Manager or Revolut?
- Expense Manager starts at Free and Revolut at Free.
- Does Expense Manager or Revolut run on more platforms?
- Expense Manager runs on IOS, Android. Revolut runs on iOS, Android, Web.
- Can I use Expense Manager for free?
- Both have a free tier, so you can try either at no cost before committing.
- What is Expense Manager best used for?
- Expense Manager is most often used for budget management, expense tracking, investment tracking. Of those, budget management and expense tracking are not what Revolut is typically brought in for.
- What can Expense Manager do that Revolut cannot?
- Expense Manager covers Expense tracking, Shared expenses, Bill splitting, Budgeting. Revolut covers Multi-currency accounts, Revolut Bank EEA deposits, Stock, crypto and commodity trading, Budgeting and spending analytics.
Answered from the vendors’ own pages
Revolut: Is my money safe with Revolut?
It depends on your country. EEA balances are held with a Lithuanian-licensed bank and generally covered by deposit guarantee up to 100,000 euro; UK balances have historically sat under e-money safeguarding rather than FSCS bank protection, though Revolut has been working toward full UK banking status since gaining a restricted licence in 2024.
Revolut: Is Revolut a bank?
In the EEA, yes, through Revolut Bank UAB, licensed in Lithuania. In the UK, it has historically operated as an e-money institution and was granted a restricted banking licence in 2024, with full UK banking status pending completion of a mobilisation period.
Revolut: Does Revolut charge for currency exchange?
Exchange is free up to a monthly allowance on the standard tier, after which a fair usage fee applies; paid plans raise or remove that allowance.
Related pages
More on Expense Manager
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