Can I use Revolut like a normal bank account?
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Yes, you can use Revolut like a normal bank account for daily spending, bills, transfers, and budgeting, with features like direct debits and standing orders, plus local IBANs in some countries for core needs, though it's a digital-first service with no physical branches, offering similar functionality to traditional banks with added fintech perks.
Can I use Revolut as my main bank account?
We're authorised under the UK Electronic Money Regulations and regulated by the Financial Conduct Authority (FCA). Being an e-money institution allows us to provide you with an everyday account that you can use to manage your money in a range of ways, but Revolut is not a bank.
Is Revolut legal in Germany?
Yes, Revolut is available in a wide range of countries in the European Economic Area (EEA), including Germany. ¹ This means you can download and use the mobile app, transfer money, open an account and use your Revolut card to spend throughout Germany. Head to the Revolut Germany website for all the details.
What are the disadvantages of using Revolut?
Cons
- Less competitive exchange rates.
- Large transactions mean higher fees.
- Doesn't offer full banking services (no overdraft)
Can I use Revolut for everyday banking?
Yes, you can use Revolut to pay bills. It works like a normal bank account. You can set it up to pay bills automatically with direct debits and standing orders.
Discover This About Revolut's Savings Account Before You Invest
Is Revolut an actual bank account?
Revolut's Transition to a Licensed Bank (2022–2023)
After having secured bank licences, Revolut started moving away from being an e-money institution to a bank. In January 2022, it started operating as a bank in 10 European countries.
How much money is safe to keep in Revolut?
Protected funds
As an authorised financial institution compliant with Electronic Money Regulations, 100% of your main account balance is safeguarded.
Why is Revolut declining?
The account associated with the payment method used doesn't have sufficient funds to make the payment. The customer's bank doesn't allow the cardholder to make the payment. The transaction has been declined due to high risk. This can be a trigger from both the issuing bank and internal Revolut tools.
Is there a monthly fee for a Revolut card?
Revolut customers can enjoy our Standard plan for no monthly fee. You can also choose to upgrade to a paid plan to unlock improved limits and partnership benefits on Premium, Metal, or Ultra.
Does Revolut give German IBAN?
German IBAN: New customers receive a German IBAN, Deposit protection: Revolut offers deposit protection up to €100,000 through the Lithuanian banking deposit guarantee scheme. Spending analytics: Revolut provides spending analytics and budgeting tools.
What is the minimum balance for Revolut?
There is no minimum required balance to open an account You can pay in any amount up to the maximum balance of £200,000.
Does Revolut pay taxes in Germany?
As required by German tax law, we'll deduct taxes from any interest we pay to you. We do this before it's credited to your Instant Access Savings. Revolut withholds the applicable taxes and pays it to the tax office.
How do I put cash into my Revolut?
All you need to do is find an available Cash Deposit location at a Participating Retailer near you within the Revolut app and present the Participating Retailer with your physical Revolut card as well as the amount of cash that you wish to add, along with the retail service fee.
Can my salary be paid into Revolut account?
The process of getting your salary paid into your Revolut account is straightforward, whether you're a new or existing customer. You simply need to provide your employer with your Revolut account details, including your sort code and account number.
Can I transfer money from my Revolut to my bank account?
Yes, you can easily transfer money from your Revolut account to any bank account by using the Revolut app to add your bank's details (like IBAN/account number, sort code) as a new recipient, entering the amount, choosing the currency, and hitting send, with transfers typically arriving within minutes to a few business days.
Where is Revolut banned?
You can make card payments with your Revolut Business cards in most countries that accept Mastercard or Visa. Countries we don't support payments in include, but aren't limited to: Belarus, Crimea, Cuba, Iran, North Korea, Libya, Myanmar, Russia, Syrian Arab Republic, and Venezuela.
What's wrong with Revolut today?
According to the official Revolut status page, the service is currently up .
Is Revolut a debit card?
The Revolut card is a prepaid debit card so you won't receive an account number or sort code but you will be able to make transactions online. You can receive instant updates on your phone for the spending on your account as well as manage and budget your income.
How much cash can you put in Revolut?
Fees, limits, and timeframes
Cash deposits are limited to: £500 per deposit. £750 per calendar day. £2250 per calendar month.
Will Revolut refund me if I get scammed?
However, Revolut still follows a structured process to evaluate fraud reports and may issue refunds depending on the circumstances of the case. If you've been scammed, it's crucial to report it to Revolut as quickly as possible.
Can people see your name on Revolut?
For personal or Joint accounts, your name is only displayed to others if the details entered are a match or close match. Your name will not be displayed to others if the details they enter don't match.
What is the richest bank in Germany?
Top 10 Bank Trusts in Germany | 2025 Key Insights
- Deutsche Bank AG. AUM: $1.25T. ...
- Hamburg Commercial Bank. AUM: $746B. ...
- DZ Bank Group. AUM: $627B. ...
- Commerzbank. AUM: $507B. ...
- KfW Banking Group. AUM: $506B. ...
- DekaBank. AUM: $404B. Metro: Frankfurt. ...
- Hauck AufHauser Lampe. AUM: $272B. Metro: Frankfurt. ...
- Landesbank Baden-Württemberg.
Is Revolut safe in Germany?
Yes, Revolut is generally considered safe in Germany because its European entity, Revolut Bank UAB, holds a banking license in the EU, is regulated by the Bank of Lithuania and ECB, and deposits are protected up to €100,000 under Lithuania's deposit insurance, plus it uses strong security features like 2FA and virtual cards for fraud protection. While it's a digital service, it's a fully licensed bank in the EEA, offering core banking services with robust security measures.
Which bank has zero monthly fees?
BMO Smart Advantage Checking. Make your money go further with our most popular checking account, with no monthly maintenance fee. Plus, get the flexibility to bank from anywhere with our digital tools and enjoy personalized service in-branch - whenever you need it. Open an online account in 5 minutes!