What is the minimum balance for Revolut?

What are the negatives of Revolut?

It is also important to note that Revolut is a digital only provider, so there are no branches or call centres and customer service is likely to be limited for those with the free account. Revolut's exchange rates may also sometimes be less competitive than other providers.

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.

Is Revolut 100% free?

Revolut doesn't charge any fees for adding money via bank transfer to your account. However, there are non-Revolut fees that can be charged: Your bank might charge a fee for sending a transfer. Contact them if you ever want to know more or clarify anything about their fees.

Why is my Revolut charging me a fee?

We don't charge a fee for using your Revolut card to make purchases in your base currency. However, we may charge fees if you're using your card to withdraw cash or spend in another currency.

Does Revolut give you a German IBAN?

If you opened a Revolut account after the launch of the German branch, it'll come with a German IBAN already — we won't need to migrate your account.

Can I use Revolut like a normal bank account?

Revolut offers the same features as a traditional bank account. You can use it to pay bills, make transfers, keep, budget, and organise your money. Order a physical debit card, or create a virtual card for easy spending on the go.

How to put money into Revolut card?

How to add money with a card

1. Go to 'Home' on the bottom menu.
2. Tap 'Add money'
3. Enter the amount.
4. Under the amount, choose your payment method.
5. Set the currency to your card's local currency to avoid exchange fees.
6. Select a saved card. If you want to add another card, tap 'Debit card'
7. Follow the prompts and tap 'Continue'

How much money can you withdraw from Revolut for free?

If you exceed your no-fee withdrawal limit, you'll be charged 2% of the withdrawal amount or a 400 Ft fee (whichever is greater) for each withdrawal in the rolling month. Here are the free withdrawal limits by plan: Standard: Ft 75,000 (or 5 withdrawals, whichever comes first) Plus: Ft 75,000.

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.

How can I avoid Revolut fees?

If your transfer is in a currency not supported by Revolut, your bank may convert the transfer at their exchange rate, which may lead to a currency conversion fee. That's why to avoid fees, we recommend using local details and supported countries and currencies, which you can check in this article.

Can I use Revolut for free?

Yes, Revolut offers a free Standard plan for basic money management, including free account setup and a free first card (delivery fees may apply), but it has limits and weekend fees for currency exchange. Paid plans (Plus, Premium, Metal, Ultra) offer higher limits, better rates, and perks like travel insurance or lounge access for monthly fees. 

Can I withdraw money from Revolut?

Yes, you can withdraw money from Revolut at ATMs worldwide using your physical or digital card, or by transferring funds to a linked bank account, though fees and limits apply based on your plan and the ATM operator. Ensure your card's ATM withdrawals are enabled in the app, use your PIN, and consider converting funds to the local currency beforehand to avoid higher exchange fees. 

Is Revolut a monthly fee?

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. Compare all plans and benefits side-by-side on our Plans Pricing page.

How long does Revolut take to open an account?

Opening a Revolut account is fast, with sign-up taking minutes, but the crucial part is identity verification, which usually resolves within minutes to 24 hours, though it can occasionally stretch to several business days (up to 5-7) if more info is needed, especially for complex business accounts. You'll fill out forms and provide ID/selfie; once verified, your account is ready to use instantly, with virtual cards available immediately. 

Can I receive euros into my Revolut account?

Can someone transfer money to my Revolut account? With Revolut, receiving money is just as easy as sending it. To receive international transfers, select the currency account you'd like the incoming transfer to go to, tap the SWIFT tab to find your details, and give the sender those details.

Why is Revolut charging me to add money?

Revolut doesn't charge any fees for adding money via bank transfer to your account. However, there are non-Revolut fees that can be charged: Your bank might charge a fee for sending a transfer.

What is Revolut's daily limit?

Revolut has various daily limits: a 24-hour ATM withdrawal limit (around £3,000 or equivalent), automated daily card deposit limits that adjust with your history, and transfer limits (e.g., 50 transfers/24 hours), but many limits, like receiving money or sending large transfers, are often unlimited or partner-defined, with key limits being plan-dependent or settable by the user in-app for spending.