Revolut is a digital banking alternative that aims to make spending in foreign currency as easy and cheap as possible. It was founded in 2013 by Nikolay Storonsky and Vlad Yatsenko. At present you can use Revolut with 25 currencies and it is available on both iOS and Android.
Accounts
Free Trial
Projects
SSL
Storage
Domains
Sub-domains
Your Text
Your Text
Your Text
Your Text
Your Text
Your Text
Your Text
THE REVOLUT CARD
BACKGROUND INFORMATION
FOUNDED: 2013
FCA: 764292
CURRENCIES: EUR, GBP, USD, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NZD, NOK, PLN, RON, SGD, ZAR, SEK, CHF, THB, TRY, AED.
ATM LIMIT: NONE
ATM FEE: £200 Free of charge. 2% above £200
VIP OPTION: YES, £6.99 per month
APP: iOS & Android
CUSTOMER SUPPORT: Live chat
IBAN: YES
MONTHLY FEE: NO
TRANSFERS: FREE
LOADING OPTIONS: Mstercard, Visa and Maestro
CARD DELIVERY CHARGE: £4.99 (FREE FOR VIP MEMBERS)
Quick reference
- What is Revolut
- How does Revolut work
- What are the fees associated with Revolut
- Account charges and delivery costs
- Are there any additional Revolut card charges
- Top-Up Charges
- Revolut Transaction Charges
- Exchange Rates
- The Standard Exchange Rates
- Revolut Card Fees and ATM Withdrawal Fees
- Limits
- FAQs
What is Revolut?
Revolut employs over 350 people at the time of writing. They are aggressively expanding and have offices in locations such as London, Krakow, Moscow, St Petersburg, Berlin, Paris and Barcelona. The ultimate goal of the company is to expand into continents other than Europe. The company is fully verified and regulated by the Financial Conduct Authority. With almost 2 million customers carrying out over 70m transactions, Revolut is proving extremely popular with travelers and holiday makers all over the world.
How does Revolut work?
There are two key components to Revolut. The mobile app and the debit card. The mobile app (which is available on iOS and Android), allows you to top up your balance from your credit or debit card, move money between different currencies, send and receive funds in one of the 25 supported currencies and full management of your card for example adding limits or security features like changing your PIN.
What are the fees associated with Revolut?
If you sign up for a premium revolut account, then the monthly fees are shown below.
| MONTHLY FEE | ANNUAL FEE |
|---|---|
|
|
The monthly fee will be charged in the currency that you selected when you signed up. This is usually the currency of the country where you reside.
Account charges and delivery costs
| Component | Basic User | Premium User |
| Smartphone App | No Charge | No Charge |
| Account Management | No Charge | No Charge |
| User Security | No Charge | No Charge |
| Virtual Revolut
Card Charge |
No Charge | No Charge |
| Physical Revolut Card
Charge |
No Charge | No Charge |
| Physical Revolut Card
Delivery Charge |
There is a £4.99 charge that covers the cost of delivery within UK.
If you want faster delivery, this will cost £11.99. If your home currency is not GBP, then these costs are charged at your currency equivalent. . |
No Charge |
Are there any additional Revolut card charges?
| Item or Service | Basic User | Premium User |
| Additional Premium Revolut Card | N/A | No Charge |
| Additional Virtual Revolut Card
Issuance Charge |
£4.99 | No Charge |
| Additional Physical Revolut Card
Issuance Charge |
£4.99 | No Charge |
| Physical Revolut Card
Delivery Charge |
£4.99 | No Charge |
Top-Up Charges
| Basic User | Premium User | |
| Bank Transfer | No Charge | No Charge |
| Top-Up via Stored Card | Free (Debit Card)
Free (Credit Card) |
Free (Debit Card)
Free (Credit Card) |
Please bear in mind that if you top up using a card that has not been issued inside EEA (for example a USA based card) or you top up with a commercial card, Revolut may charge a fee.
Revolut Transaction Charges
| Service | Standard User | Premium User |
| Instant Transfers | Free | Free |
| Turbo Transfers | £5 / €6 / 6USD / 25PLN / 6CHF / 45DKK / 55SEK / 55NOK / 25RON / 140CZK or currency equivalent | Free |
| Revolut Bank Transfers | As advised prior to entering into Bank Transfer. | As advised prior to entering into Bank Transfer. |
| ATM Withdrawal Fee | ATM Withdrawals up to £200 / €200 / 200USD / 200CHF / 800PLN / 1,500DKK / 2,000SEK / 2,000NOK / 800RON / 4,500CZK or currency equivalent per month are free. Anything over the above limits is charged at 2% of value of ATM Withdrawal. | ATM Withdrawals up to £400 / €400 / 400USD / 400CHF / 1600PLN / 3,000DKK / 4,000SEK / 4,000NOK / 1,600RON / 9,000CZK or currency equivalent per month are free. Anything over the above limits is charged at 2% of value of ATM Withdrawal. |
Exchange Rates
Currencies During FX market hours Outside of FX market hours USD, GBP, EUR, AUD, CAD, NZD, CHF, JPY, SEK, HKD, NOK, SGD, DKK, PLN and CZK only. The interbank rate. 0.5% above the interbank rate on all exchanges. All other currencies except THB, RUB and UAH. The interbank rate. 1.0% above the interbank rate on all exchanges. THB, RUB and UAH. 1.0% above the current interbank rate on all exchanges. 2.0% above the interbank rate on all exchange.
| Standard User | Premium User | |
| Exchange rate for Electronic Money Exchanges and Monetary Exchanges when the value of the Electronic Money Exchanges and Monetary Exchanges in the given month has not yet reached or is equal to: £5,000 / €6,000 / 6,000CHF / 20,000PLN / 40,000DKK / 50,000NOK / 50,000SEK / 20,000RON / 120,000CZK or the equivalent thereof in other currencies | The Standard Exchange Rate
as set out in the table below. |
The Standard Exchange Rate
as set out in the table below. |
| Exchange rate for Electronic Money Exchanges and Monetary Exchanges when the value of Electronic Money Exchanges and Monetary Exchanges in a given month has exceeded: £5,000 / €6,000 / 6,000CHF / 20,000PLN / 40,000DKK / 50,000NOK / 50,000SEK / 20,000RON / 120,000CZK or the equivalent thereof in other currencies | The Non-Standard Exchange rate, being the Standard Exchange Rate, as set out in the table below plus 0.5%. | The Standard Exchange Rate as set out in the table below. |
The billing cycle for all Charges are as follows for users who:
- Calendar month: joined before 16 March 2017;
- Rolling month: joined after 16 March 2017; and
- Rolling month: for any user who upgraded their Revolut Account from Standard to Premium or has downgraded from Premium to Standard.
The Standard Exchange Rates
| Supported Currencies | During FX market hours | Outside of FX market hours |
| USD, GBP, EUR, AUD, CAD, NZD, CHF, JPY, SEK, HKD, NOK, SGD, DKK, PLN and CZK only. | The interbank rate. The interbank rate is provided by financial exchanges and may be subject to a delay.. | 0.5% above the interbank rate on any exchange. |
| All other currencies except THB, RUB and UAH. | The interbank rate. The interbank rate is provided by financial exchanges and may be subject to a delay. | 1.0% above the interbank rate on any exchange. |
| THB, RUB and UAH. | 1.0% above the current interbank rate on all exchanges. | 2.0% above the interbank rate on any exchange. |
Revolut Card Fees and ATM Withdrawal Fees
| Revolut Physical Card
Issuance Charge |
No Charge |
| Revolut Physical Card
Standard Delivery Charge |
£6 |
| Revolut Physical Card
Global Express Delivery Charge |
£12* |
| Revolut Virtual Card
Issuance Charge |
No Charge |
| ATM Withdrawal Fee | 2% of value of ATM Withdrawal |
| Bank Transfers | Depends upon the nature of the transaction. See FAQs for more information. |
*For some countries we charge £18 or £30 for express delivery. This will be presented to you before purchase.
Limits
| Max daily ATM withdrawal | €5,000(or currency equivalent) |
| Max monthly spend | £/€100,000 (or currency equivalent)* |
| Maximum number of physical cards created per month | No limit applied |
| Maximum number of virtual cards created per month | 20 |
*Please note limits are subject to the country a business is registered in.
Revolut FAQs
Does Revolut have an app?
At present Revolut has an app for Android and iOS platforms. It can be downloaded here and is required to get the full benefit of the service. With the app you have full control over your account including important security features like changing your PIN, identifying last use and even limiting use of card to geographical locations.
Topping up, converting and transferring money is all done via the apps smooth and easy to understand interface.
Note: As it stands, you can’t use Revolut with Apple Pay.
Is Revolut safe and secure?
In short yes. Obviously where money is concerned safety and security are paramount and Revolut is dedicated to providing a secure platform for all. It does occasionally suffer from minor issues but these are generally caused by 3rd party card issuer problems rather than the platform itself. Whenever there is an issue with the service, their Twitter account or Blog is usually the best way to keep updated.
Where can Revolut be used?
Revolut can be used worldwide in ATMs or to pay for goods via chip and pin. At present it has support for 26 currencies. To get the full benefit from Revolut, always make sure that you have a balance in the local currency and decline conversion to local currency on ATMs or card readers if prompted.
Here are the currencies that are supported by Revolut:
- Australian Dollars
- British Pounds
- Canadian Dollars
- Czech Koruna
- Danish Krone
- Euros
- Hong Kong Dollar
- Hungarian Forint
- Israeli Shekel
- Japanese Yen
- Mexican Pesos
- New Zealand Dollars
- Norwegian Krone
- Polish Zloty
- Romanian Leu
- Singapore Dollars
- South African Rand
- Swedish Krona
- Swiss Franc
- Thai Baht
- Turkish Lira
- UAE Dirham
- United States Dollars
Not for you? Take a look at these alternatives...
