Revolut Ltd

Trustpilot Rating
Reviews 19,139 | Good
 (8.9)
Business Focus
offering banking services
Products
  • UK current accounts
  • EURO current accounts with IBAN
  • prepaid cards MasterCard
  • virtual prepaid cards MasterCard
Services
  • cryptocurrency exchange
  • cryptocurrency transfers between Revolut users
Clients
  • individuals
  • businesses

Revolut Ltd is an electronic money institution focused on offering banking services. Revolut Ltd offers UK current accounts, EURO current accounts with IBAN, prepaid cards MasterCard, virtual prepaid cards MasterCard, cryptocurrency exchange, cryptocurrency transfers between Revolut users to individuals, businesses.

Account Opening

Compared to traditional banks, electronic money institutions offer simple, fast and transparent account opening procedures. Revolut offers the following account opening options:

Business Account
Provide your details online
Upload your proof of identity
Upload your company details
Account is ready to use in 1-7 days
 


Personal Account
Provide your details online
Upload your proof of identity
Account is ready to use in a few minutes
 
 


Revolut accounts are offered to both individuals and companies.
Revolut Personal Accounts are available to residents of all countries except for several sanctioned countries and territories.
Proof of Identity. To verify his/her identity, a private customer should take a picture of a valid government-issued ID and a picture of him/her-self.
Other Documents. Revolut doesn't require a proof of address, however upon reaching a certain account balance, the account holder will be asked about proof of funds.
Revolut Business Accounts are available to companies registered in the EEA and Switzerland.
To open a Resolut Business Account, a client needs to fill an application form online (including documents for a normal personal account, incorporation details of the company, a short description of the company and its directors and primary shareholders).
The application is put into a waiting queue, and Revolut's team will contact the customer back to clarify additional details.
It usually takes between 1-7 days to open a business account.

Personal Accounts with IBAN

Revolut offers the following personal accounts with IBAN:

Product Name
Current Account (GB IBAN)
Standard
Premium
Metal
Customer Group
all countries
Payment Cards
physical
virtual
Currency
USD, GBP, EUR
and 26 more
Currency
Current Account is a multi-currency account, allowing the account holder to have funds in USD, GBP, EUR, PLN, CHF, DKK, NOK, SEK, RON, SGD, HKD, AUD, NZD, TRY, ILS, AED, CAD, HUF, JPY, MAD, CZK, QAR, THB, ZAR, MXN, RUB, SAR, HRK, BGN.
Payment Cards
Revolut Personal Card can be ordered together with Current Account. Revolut Virtual cards can be used for online purchases only, up to 5 virtual cards can be connected to Revolut account. Disposable virtual cards (suitable for one-time, online transactions) are available only to Revolut Premium customers.
Personal IBAN
  • available for verified customers
  • appears automatically for EUR balances
  • UK sort code and account number available for GBP balances
IBAN Countries
Personal IBANs assigned to Current Account belong to the United Kingdom.
Personal IBAN Operations
  • sending EUR to a SEPA country
  • receiving EUR from a SEPA country
EMI Banking Details Operations
  • receiving SWIFT transfers
  • sending SWIFT transfers
  • other transfers
Pricing Plans
Current Account is offered with several pricing plans for different customer groups, namely Standard, Premium, Metal.
Standard

offered to: all countries

Spend in over 150 currencies at the interbank exchange rate
No fee exchange in 29 fiat currencies up to €6,000 per month
No fee ATM withdrawals up to €200 per month

Monthly Fee 0.00 EUR
Premium

offered to: all countries

Spend in over 150 currencies at the interbank exchange rate
Unlimited exchange in 29 fiat currencies - no monthly limit
No fee ATM withdrawals up to €400 per month

Monthly Fee 7.99 EUR
Metal

offered to: all countries

Spend in over 150 currencies at the interbank exchange rate
Unlimited exchange in 29 fiat currencies - no monthly limit
No fee ATM withdrawals up to €600 per month

Monthly Fee 13.99 EUR

See Also

Business Accounts with IBAN

Revolut offers the following business accounts with IBAN:

Product Name
Current Account (GB IBAN)
Freelancer
Start
Standard
Professional
Customer Group
all countries
Payment Cards
physical
virtual
Currency
USD, GBP, EUR
and 26 more
Currency
Current Account is a multi-currency account, allowing the account holder to have funds in USD, GBP, EUR, PLN, CHF, DKK, NOK, SEK, RON, SGD, HKD, AUD, NZD, TRY, ILS, AED, CAD, HUF, JPY, MAD, CZK, QAR, THB, ZAR, MXN, RUB, SAR, HRK, BGN.
Payment Cards
Revolut Business Card can be ordered together with Current Account. Revolut Virtual cards can be used for online purchases only, up to 5 virtual cards can be connected to Revolut account. Disposable virtual cards (suitable for one-time, online transactions) are available only to Revolut Premium customers.
Personal IBAN
  • available for verified customers
  • appears automatically for EUR balances
  • UK sort code and account number available for GBP balances
IBAN Countries
Personal IBANs assigned to Current Account belong to the United Kingdom.
Personal IBAN Operations
  • sending EUR to a SEPA country
  • receiving EUR from a SEPA country
EMI Banking Details Operations
  • receiving SWIFT transfers
  • sending SWIFT transfers
  • other transfers
Pricing Plans
Current Account is offered with several pricing plans for different customer groups, namely Freelancer, Start, Standard, Professional.
Freelancer

offered to: EEA, Switzerland

For personal freelance accounts with up to £100K incoming funds per month

Monthly Fee 6.99 GBP
Start

offered to: EEA, Switzerland

Less than £100K of incoming funds per month

Monthly Fee 25.00 GBP
Standard

offered to: EEA, Switzerland

From £100K to £1M of incoming funds per month

Monthly Fee 100.00 GBP
Professional

offered to: EEA, Switzerland

More than £1M of incoming funds per month

Monthly Fee 1000.00 GBP

See Also

Personal Payment Cards

Revolut offers the following personal payment cards:

 Revolut Personal Card
debit; physical, virtual
Card Provider
Visa, MasterCard, Maestro
Customer Type
personal
Customer Group
all countries
Currency
as per account
multi-currency
no separate balance
Issuer
Revolut Ltd
Customer Group
Revolut cards are available to verified Revolut customers globally, except for several countries and territories.
Virtual Cards
Revolut Virtual cards can be used for online purchases only, up to 5 virtual cards can be connected to Revolut account. Disposable virtual cards (suitable for one-time, online transactions) are available only to Revolut Premium customers.
Card Loading
Revolut card does not have a separate balance from Revolut e-wallet. So, topping up a Revolut e-wallet actually loads the Revolut cards connected to the e-wallet.
Card Limits
Card Fees
ATM Withdrawal Fee (up to 200 GBP)
0.00 GBP
ATM Withdrawal Fee (over 200 GBP)
2.00 %
Currency Conversion Fee (major currencies)
interbank rate
Card Load Fee
0.00 GBP
Card Security
Revolut provides a number of security settings which can be applied for each Revolut card separately:
  • location security
  • magstripe payments
  • contactless payments
  • ATM withdrawals
  • e-commerce transactions

See Also

Corporate Payment Cards

Revolut offers the following corporate payment cards:

 Revolut Business Card
debit; physical, virtual
Card Provider
Visa, MasterCard, Maestro
Customer Type
business
Customer Group
all countries
Currency
as per account
multi-currency
no separate balance
Issuer
Revolut Ltd
Customer Group
Revolut cards are available to verified Revolut customers globally, except for several countries and territories.
Virtual Cards
Revolut Virtual cards can be used for online purchases only, up to 5 virtual cards can be connected to Revolut account. Disposable virtual cards (suitable for one-time, online transactions) are available only to Revolut Premium customers.
Card Loading
Revolut card does not have a separate balance from Revolut e-wallet. So, topping up a Revolut e-wallet actually loads the Revolut cards connected to the e-wallet.
Card Limits
Daily ATM Withdrawal Limit
5,000 GBP
Monthly Spend Limit
100,000 GBP
Card Fees
ATM Withdrawal Fee
2.00 %
Currency Conversion Fee (major currencies)
interbank rate
Card Security
Revolut provides a number of security settings which can be applied for each Revolut card separately:
  • location security
  • magstripe payments
  • contactless payments
  • ATM withdrawals
  • e-commerce transactions

See Also

Operations with Cryptocurrencies

Revolut offers the following operations with cryptocurrencies:

  • cryptocurrency exchange
  • cryptocurrency transfers between Revolut users

Supported Cryptocurrencies

  •  Bitcoin
  •  Litecoin
  •  Ethereum
  •  Bitcoin Cash
  •  Ripple

Revolut conducts operations with Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Ripple.

Alternatives to Revolut Crypto Solutions

See Also

Mobile Applications *)

Revolut - Beyond Banking
 5.0, 7,701 Ratings
Revolut Business

*) Based on the information from Apple App Store.

Company Details

Country of Registration
United Kingdom
Company Number
08804411
BIC
REVOGB21
Authorized By
Financial Conduct Authority
Reference Number
900562
Authorized Activities
  • placing cash to a payment account
  • withdrawing cash from a payment account
  • execution of payment transactions on a payment account (not covered by a credit line)
  • execution of payment transactions on a payment account (using a credit line)
  • issuing payment instruments or acquiring payment transactions
  • money remittance
  • execution of payment transactions via telecoms, IT system or network operator
  • account information services

Revolut Ltd is authorized by the Financial Conduct Authority (reference number 900562) for placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions, money remittance, execution of payment transactions via telecoms, IT system or network operator, account information services.

EEA Passport
Yes
Deposit Guarantee
No

Due to EEA passport rules Revolut Ltd, can conduct its activities in any of the 31 EEA member states. Revolut Ltd do not participate in deposit guarantee schemes.

See Also

Contacts

Canada Square 1, Level 39, E14 5AB, London, United Kingdom
020 3963 7778
Website Languages
English

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