What is the downside of Revolut?

What are the disadvantages of a Revolut card?

Disadvantages or improvement areas

Revolut is a debit card, not a credit card, so you will not have the benefits of a credit card. You will be able to transfer money abroad in more than 30 currencies at interbank exchange rates. In the standard plan you will not have access to priority chat.

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.

Is there a problem with Revolut now?

According to the official Revolut status page, the service is currently up . For the most recent updates, check the 'Recent Outages and Issues' section above. Whether Revolut is down now or facing minor problems, StatusGator keeps you in the loop with instant alerts on issues.

Is Revolut safe in 2025?

As of September 2025, Revolut has an 'excellent' score of 4.6 out of 5 rating on Trustpilot based on more than 317,000 reviews.

Are there better alternatives to Revolut?

Wise is one of the most versatile Revolut alternatives, especially if you send or spend money abroad often. But each platform has its strengths. Use this guide to compare your options and choose the one that best matches your lifestyle and wallet.

How to not get scammed on Revolut?

Secure your Revolut account

1. Stop communication with the scammer.
2. Freeze your card by tapping the card icon in the top-right corner, selecting the card you want to freeze, and tapping 'Freeze'. ...
3. We recommend reporting the matter to the police.

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 Revolut safe in the USA?

Funds in your Revolut prepaid card account are held at or transferred to Lead Bank, member of the FDIC. Your funds are insured there, up to $250,000 by the FDIC, in the event that the Lead Bank fails, as long as specific deposit insurance requirements are met and your card is registered.

Can Revolut freeze my account?

At Revolut, our top priority is to keep your money safe. And this means we may, very rarely, need to restrict accounts.

Is it safe to keep large amounts of money on Revolut?

While Revolut has been authorised with restrictions as a bank in the UK, your account continues to be an e-money account (not a bank account) and isn't currently covered by the Financial Services Compensation Scheme (FSCS). Nevertheless, Revolut's safeguarding practices are in place to protect your finances.

How do I transfer money from Revolut to my bank account?

To transfer money from Revolut to a bank account, open the app, go to Payments, tap the plus icon, select Bank recipient, enter the recipient's bank details (IBAN, name), input the amount and currency, review, and send. You can add a new recipient or choose from existing ones, with transfers often arriving quickly but sometimes taking up to a business day for SEPA or longer for international SWIFT transfers, depending on the bank and country. 

Why is Revolut blocked?

We may restrict your account for various reasons, such as an incomplete identity verification, unverified source of funds, or outdated tax information.

Why is Revolut crashing?

Older versions of iOS or Android may not work with Revolut. Make sure you have a stable internet connection. To rule out connectivity problems, switch between Wi-Fi and mobile data. While logging in, don't use a VPN because it could mess up Revolut's protection.

Can someone hack my Revolut account?

Please don't provide your login credentials or mobile app passcode to anyone, at any time. If you suspect your account has been compromised, or notice any kind of strange behaviour within your account or any unrecognised transfers, change your password and chat with us.

How do I speak to someone in Revolut?

If you still can't access your account and chat, contact us at support@revolut.com. Revolut will never call you about your personal account without first alerting you via the in-app chat. If you need to block your card, you can call our automated phone line: +37052143608 (fees may apply).

Can someone take money from my Revolut account?

If you're concerned your card has been compromised, freeze your card immediately. If you believe your account has been used fraudulently, fill out a chargeback form and we'll help you resolve the issue.

What is better than Revolut?

Wise is often cheaper for international payments because it consistently uses the mid-market exchange rate with a small, transparent fee. Revolut offers a limited amount of fee-free foreign exchange on its paid plans, but charges markups beyond that allowance and on weekends.

Why is Revolut charging me to withdraw money?

If you exceed your no-fee withdrawal limit, you'll be charged 2% of the withdrawal amount or a £1 fee (whichever is greater) for each withdrawal in the rolling month.

Are you taxed on Revolut?

Depending on your tax residency, you may need to report your Revolut account to the local tax authority. We recommend checking with your tax authority, accountant, or advisor to confirm if you're required to declare it based on your personal tax situation.