What is a Revolut 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 does Revolut card work?

Just like a traditional bank card, it contains a 16-digit card number, a 3-digit CVV code, and an expiry date that you can enter for online purchases. It's stored right in your Revolut app, so just pull out your phone, tap, and pay.

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 do you put money on a Revolut card?

What is the difference between a Revolut card and a debit card?

Although Revolut has a UK Banking Licence, it isn't yet operating as a bank. This means their card is a prepaid card, instead of a standard debit card. If you're using their Standard plan, you'll get your Revolut prepaid debit card for free. The Plus, Premium, Metal and Ultra plans all require a subscription.

Watch This Before You Get Revolut | Revolut Card Review 2023

Is Revolut a bank account or just a card?

Revolut offers banking services including GBP and EUR bank accounts, debit cards, credit cards, currency exchange with over 25 fiat currencies, stock trading, cryptocurrency exchange and peer-to-peer payments. Revolut's mobile app supports spending and ATM withdrawals in 120 currencies and transfers in 36 currencies.

Which is better, Monzo or Revolut?

The best digital bank account depends on your needs. For budgeting and everyday spending: Monzo's budgeting tools and early salary access make it a decent choice. For frequent travellers: Revolut's multi-currency features and fee-free international spending provide plenty of flexibility.

Can I put cash into my Revolut account in the UK?

Currently, you can deposit cash into Lloyds, Halifax, Bank of Scotland, Monzo and Revolut accounts.

How do I pay for something on Revolut?

Revolut Pay is an online checkout method that lets customers pay quickly and directly from their personal Revolut account balance. People can also pay by card if they don't have a Revolut account. To use this method, customers just need to click the Revolut Pay button at checkout and confirm the payment.

Is Revolut dodgy or not?

And is Revolut legit? Absolutely. The company is authorised and regulated by the Financial Conduct Authority (FCA) here in the UK. It also operates globally, and is regulated in the countries it operates in.

Should I link my bank account to Revolut?

Link external bank accounts to your Revolut account for easier transfers and visibility across all of your balances from within the Revolut app.

Is Revolut free to use abroad?

Revolut is a good option for spending abroad because they don't charge any fees for foreign transactions. You can enjoy your travels without worrying about extra expenses. Keep in mind that merchants can add their own charges at any time, but they're not defined by Revolut.

How do I use my Revolut card for the first time?

Does Revolut automatically know which currency to use?

How Revolut determines the currency you'll be charged in. We automatically convert your balance to the currency you're paying in, so there's no need to buy or exchange currency before your trip. We won't combine multiple currencies to complete a transaction. Read more about our exchange rates in this FAQ.

Is there a fee for adding money to Revolut?

Add Money. We will charge a fee of up to 1% of the transaction amount charged for loading your Card Account via domestic personal debit card. This fee will be deducted from the transaction amount.

Do I need a physical Revolut card?

When you complete your ID verification in-app, you'll be able to order your first Revolut card. You can choose a physical or virtual card, depending on your needs. Or, if you want the best of both worlds, choose both!

How much money can you deposit in Revolut?

Fees, limits, and timeframes

Cash deposits are limited to: £500 per deposit. £750 per calendar day.

Do you have to pay monthly for Revolut?

Revolut customers can enjoy our Standard plan for no monthly fee.

How long does it take to get a Revolut card?

Your card order may take up to 5 business days to process before being shipped. Once your card is ready for shipping, you'll see an estimated delivery date in the cards section.

Should I get Monzo or Revolut?

Choosing between a Revolut and Monzo account comes down to the features you want to better manage your money. Both are expanding their offerings for 2025, but if you want an account with international payment features and investment and savings options, then explore Revolut's plans.

What is the downside of Revolut?

Conclusion: Is Revolut a good choice for you? However, one of the downsides of Revolut is the weekend exchange rate markup, which can be inconvenient. On top of their own exchange rate, Revolut charges customers a 1% fee for currency conversion during the weekend.

Is Revolut Visa or MasterCard?

We offer two types of cards: physical (plastic or metal) and virtual. All our cards are Visa or Mastercard, so they're likely to be accepted worldwide.

How many bank accounts should someone have?

For example, if you need a checking account for everyday spending and separate savings accounts for your emergency fund, your new car fund, and your downpayment fund (to keep you from spending money for one goal on another), then four bank accounts might be the right amount.