ARQ Finance (formerly DolarApp)
Depends
Confidence: Medium
Buy if you're a freelancer or small business in Mexico, Colombia, Brazil, or Argentina getting paid in USD or EUR.
New check
Comparison
ARQ Finance (formerly DolarApp) vs Revolut
ARQ Finance (formerly DolarApp) and Revolut both land on Depends.
Revolut
Depends
Confidence: Medium
Buy it as a free travel and everyday spending card if you keep balances small.
| Compare | ARQ Finance (formerly DolarApp) | Revolut |
|---|---|---|
| Verdict | Depends | Depends |
| Best for | LatAm freelancers paid in USD | Frequent travelers and currency exchangers |
| Who it's not for | US or EU residents wanting a daily bank | Anyone parking large life savings . freeze reports exist |
| Privacy | No known public vulnerabilities found in the sources reviewed.14 | Confirmed 2026 breach: customer data leaked via fake government requests; ~700 accounts affected, $3M ransom reportedly demanded. |
| Support quality | Only a help center exists; no quality evidence | Frozen-fund complaints; security issues reportedly unresolved |
| Public sentiment | Reddit and app-store users discuss using ARQ (ex-DolarApp) to receive USD and centralize payments, with a cited 4.6/5 average rating.⁶ | Users love the app for travel and daily spending, but many report expensive tiers, frozen funds, and ignored security complaints.15 |
| Biggest gotcha | $3 flat transfer fee; trading costs 0.2% . confirm your country's fee page first⁵ | Breach came via fake government requests; 680 high-profile accounts, $3M ransom reportedly demanded |
Pick ARQ Finance (formerly DolarApp) when
- LatAm freelancers paid in USD
- Remote workers needing US/EU payment rails
- Cross-border small businesses in MX/CO/BR
When ARQ Finance (formerly DolarApp) is not a fit
- US or EU residents wanting a daily bank
- Anyone needing loans, credit, or full banking
- Enterprise treasury teams needing ERP integrations
- People outside ARQ's supported countries
Pick Revolut when
- Frequent travelers and currency exchangers
- Mobile-first everyday bankers
- Freelancers invoicing in multiple currencies
- Small businesses wanting multi-currency accounts
When Revolut is not a fit
- Anyone parking large life savings . freeze reports exist
- Privacy-sensitive users wary after the data breach
- Businesses needing compliance-heavy or high-risk payment support
- People wanting branch banking or in-person service
Sources
- ARQ | Modern finance for the global eraarqfinance.comofficial
- Wise or ARQ: Which to choosearqfinance.comofficial
- Revolut vs ARQ: Which is the better option?arqfinance.comofficial
- ARQ costs and fees - Mexicohelp.arqfinance.comofficial
- What fees apply to my trading account?help.arqfinance.comofficial
- ARQ Finance Reviews - Trustpilottrustpilot.comreview
review
- Reddit: DolarApp becomes ARQreddit.comnews
- ARQ Finance funding - Notice.conotice.conews
- ARQ raised $10M+, Sequoia-backedarr.clubnews
- ARQ on Y Combinatorycombinator.comnews
- Terms and Conditions (Virtual Asset Services)cdntest.arqfinance.comsecurity
- Responsible Disclosure Policyarqfinance.comsecurity
- arqfinance.com SSL Server Testssllabs.comsecurity
- Revolut Reviews . Trustpilottrustpilot.comreview