Abound vs Revolut

Live fee, exchange rate and recipient amount comparison for USDINR. Pros, cons and licensing in one view.

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USA→India remittance combined with a cashback/rewards ecosystem. Backed by The Times of India Group.

Live data unavailable.

Founded 2023
USA (Times Internet spin-out)

Pros

  • Zero transfer fee on USD→INR
  • Rewards/cashback model can offset transfer costs over time
  • Backed by The Times of India Group — strong India brand recognition

Cons

  • USA → India only — no other corridors
  • Trustpilot rating is low (~2.0) with reports of slow transfers and customer support issues
  • Newer company, less established than incumbents
Try Abound

Neobank with multi-currency accounts, mid-market FX up to monthly limits, and a global Visa/Mastercard.

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Founded 2015
London, UK

Pros

  • Hold balances in 30+ currencies in a single account
  • Mid-market FX up to monthly free limit — best for occasional travel and small transfers
  • Strong mobile app with budgeting, savings, and crypto features

Cons

  • Free FX limits cap usefulness — heavy users hit the cap quickly
  • Weekend FX surcharge (0.5–1%) is annoying for active users
  • Customer support has historically been chat-only and slow
Try Revolut

Side-by-side comparison

SpecAboundRevolut
Fee modelZero fee, FX margin + rewards-based revenueFree tier + premium subscriptions
HeadquartersUSA (Times Internet spin-out)London, UK
Founded20232015
StatusPrivate (~$24M raised, Times Internet + Y Combinator)Private (~$45B valuation, Bank of Lithuania licensed)
Live USD→INR fee
Live USD→INR rate
Recipient gets (USD 1,000)
Typical speed
Top corridorsUSD→INRGBP→EUR, USD→EUR, GBP→USD

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