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Revolut

Change the way you money. Revolut is a financial app, an alternative to the big banks. Think instant spending notifications, built-in budgeting, cryptocurrencies and the ability to spend and transfer money globally with a competitive exchange rate.

Mission Statement

To Simplify All Things Money. Revolut exists to remove all the friction that stands in the way of customer’s money goals becoming their new reality.

 

Key Facts and Figures

  • 35+ Million Personal Users.
  • 500k+ Business Users.
  • 160+ Countries and Regions Supported.
  • 30+ Currencies.

 

Core Services (International Payments and remittances)

  • Bank transfers
  • Card transfers (real-time transfers to a card account)
  • Peer transfers (sending money to friends with another Revolut account)
  • Multi-Currency Accounts

 

Coverage

Coverage in 160+ countries with 30+currencies!!

 

Fees & FX Rate

Revolut believe in transparency and keeping their rates competitive. Fees are displayed in app before every payments.

 

Q&A Section

 Q: “Are there limits for sending a bank transfer?”

A: Limits depend on destination country and currency. Most currencies have no transfer limits. Revolut shows any exceptions in-app before sending money. Regulatory limits apply in Singapore..

 

Q: “Worried about sending a high amount?”

A: When you send a high amount, Revolut might need additional time to perform extra checks. However, there’s nothing to worry about. You can send larger sums of money in the same way you would with smaller amounts.

 

Q: “How can I receive international transfers into my Revolut account?”

A: To receive money via SWIFT in multiple currencies with Revolut:

Go to your ‌Home screen → Select Accounts → select the currency you’d like to receive your money in. If it’s a new currency tap Add new → tap the details on the home screen → select the SWIFT tab to see your details.

Use the provided SWIFT account details (not the local account details) to initiate a transfer from your bank’s website or app, just like a regular transfer. Or share your account details with the person or business who wants to pay you.

You can only receive payments in the currencies supported by your account, so make sure you select the right currency and account details. International SWIFT transfers typically take 3–5 working days.

 

Compliance and Legal Info

  • Revolut Payments Australia Pty Ltd (Revolut Australia) (ABN 21 634 823 180) is a company registered in Australia and is authorised by the Australian Securities & Investments Commission (AFSL & Australian Credit Licence number 517589). Revolut Payments Australia Pty Ltd is not a bank. The electronic money in your Accounts is protected by a bank guarantee. The Bank Guarantee is issued by an Australian authorised deposit-taking institution.
  • Revolut Technologies Singapore Pte. Ltd. (“RTSPL”) is registered in Singapore. RTSPL is regulated as a Major Payment Institution (licence no. PS20200326) by the Monetary Authority of Singapore (“MAS”). RTSPL provides insurance-related products as a registered Corporate Agent with the Agents’ Registration Board (C005604-000). The travel insurance policy is underwritten by Tokio Marine Insurance Singapore Ltd. with assistance services provided by AWP Services Singapore Pte. Ltd. Consumer advisory: Consumers (users) are advised to read the terms and conditions carefully.
  • The Revolut USA Prepaid Mastercard is issued by Metropolitan Commercial Bank pursuant to a license from Mastercard International and may be used everywhere Mastercard is accepted. Banking services are provided by Metropolitan Commercial Bank, Member FDIC. Revolut Technologies Inc. is a technology services provider and administrator of the card program.
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