Wise and Revolut both work well for life in the Canary Islands. Wise is usually the simpler choice for transparent conversions and paying rent by transfer, while Revolut offers more features and plans, with fee-free limits that depend on your plan and on weekends. Many long-stayers use one as their main card and the other as a backup.
Side by side
| Feature | Wise | Revolut |
|---|---|---|
| Exchange rate | Mid-market with a visible fee | Interbank-style rate within plan limits |
| Weekend conversions | Same pricing | Extra markup may apply on some plans |
| Euro account details (IBAN) | Yes | Yes |
| Free ATM withdrawals | Limited monthly allowance | Limited allowance by plan |
| Paid plans | No | Yes, with extra benefits |
| Best for | Clear transfers and rent | Everyday spending and app features |
Fees and limits change; check each provider’s current pricing.
Paying rent
Both can send euros to a Spanish IBAN quickly. Wise shows the exact fee and amount received before you send.
Everyday spending
Both cards work everywhere cards are accepted in the Canaries. Turn on notifications and freeze the card in the app if you lose it.
Our verdict
Use either, and keep the other or a fee-free bank card as backup. See Best Cards to Use in the Canary Islands Without Fees.