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Personal Finance · head to head

Revolut vs Spendee

Revolut logo

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
-
Full reviewWebsite
Spendee logo

Spendee

Personal Finance

Budget and money management made easy

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: 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.; Spendee the free Basic plan allows one cash wallet and one budget
  • They diverge on capability: Revolut covers Multi-currency accounts, Spendee covers Expense tracking.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which Revolut and Spendee actually diverge.

Attributes where Revolut and Spendee differ
AttributeRevolutSpendee
Pricing modelFree standard tier; paid plans add higher limits, insurance and perksfreemium
PlatformsiOS, Android, WebWeb, IOS, Android
FoundedUnknown2013

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 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)

Only in Spendee

  • Expense tracking
  • Budget management
  • Shared wallets
  • Financial analytics
  • Bank accounts
  • Web support
  • IOS support
  • Android support

What people use each for

The jobs each tool is most often brought in to do.

Revolut

  • Someone travelling or living across multiple currencies who wants low-cost exchange and spending in one accountnot Spendee
  • A user in the EEA who wants their balance held with a licensed bank covered by a deposit guarantee schemenot Spendee
  • A UK-based user who understands their balance sits under e-money safeguarding rather than FSCS bank protection, and is comfortable with thatnot Spendee
  • An investor wanting stock or crypto trading integrated with everyday spending in a single appnot Spendee

Spendee

  • Tracking personal spending across cash and bank accountsnot Revolut
  • Sharing a budget or wallet with a partner or householdnot Revolut

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

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.

Spendee

  • The free Basic plan allows one cash wallet and one budget
  • Shared wallets are excluded from the free plan
  • Premium at $5.99 a month is triple the $1.99 Plus plan, and the pricing page does not quantify what separates them beyond shared wallets
  • Bank sync depends on a supported bank list rather than being universal

Pricing, plan by plan

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

Spendee

Free
  • FreeFree
    • Expense tracking
    • Budget creation
    • 3 wallets
  • Premium$6.99/month
    • Unlimited wallets
    • Advanced analytics
    • Investment tracking

Which should you pick?

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.
Revolut review

Choose Spendee if

  • You need expense tracking.
  • You want to start without paying.
  • You work on Web, IOS, Android.
  • You also want budget management.
Spendee review

Questions people ask

Is Revolut or Spendee better?
Neither clearly leads. Revolut starts at Free and Spendee at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Revolut or Spendee?
Revolut starts at Free and Spendee at Free.
Does Revolut or Spendee run on more platforms?
Revolut runs on iOS, Android, Web. Spendee runs on Web, IOS, Android.
Can I use Revolut for free?
Both have a free tier, so you can try either at no cost before committing.
What is Revolut best used for?
Revolut is most often used for someone travelling or living across multiple currencies who wants low-cost exchange and spending in one account, a user in the eea who wants their balance held with a licensed bank covered by a deposit guarantee scheme, a uk-based user who understands their balance sits under e-money safeguarding rather than fscs bank protection, and is comfortable with that, an investor wanting stock or crypto trading integrated with everyday spending in a single app. Of those, someone travelling or living across multiple currencies who wants low-cost exchange and spending in one account and a user in the eea who wants their balance held with a licensed bank covered by a deposit guarantee scheme are not what Spendee is typically brought in for.
What can Revolut do that Spendee cannot?
Revolut covers Multi-currency accounts, Revolut Bank EEA deposits, Stock, crypto and commodity trading, Budgeting and spending analytics. Spendee covers Expense tracking, Budget management, Shared wallets, Financial 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.

Spendee: Does Spendee offer free and paid plans?

Yes. Spendee offers both Spendee Premium and Spendee Plus paid tiers. The site does not display pricing amounts on the homepage but directs users to a dedicated pricing page for costs.

Source
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.

Spendee: How much does Spendee cost?

Pricing details are not available on the homepage. Spendee maintains a dedicated pricing page where Premium and Plus subscription costs are listed.

Source
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.

Spendee: Is there a free tier for Spendee?

The site mentions paid tiers but does not specify whether a free tier exists. Full details are available on the pricing page.

Source
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