Revolut Review — Fees, Rates and Pros & Cons
Neobank with multi-currency accounts, mid-market FX up to monthly limits, and a global Visa/Mastercard.
Read user reviews on TrustpilotNote on data: Revolut is not part of Wise's comparison API, so it doesn't appear in our live corridor comparison tables. This profile is based on publicly available information. For the current rate, check Revolut directly.
Money transfer operator
Founded
2015
Headquarters
London, UK
Status
Private (~$45B valuation, Bank of Lithuania licensed)
Fee structure
Free tier + premium subscriptions
Revolut's Standard tier offers free FX up to a monthly limit (£1,000 in the UK; varies by region). Above that, 0.5–1% conversion fee. Weekend FX adds a 0.5–1% surcharge. Premium ($10/mo) and Metal ($17/mo) tiers raise the free FX cap and add travel insurance, premium cards, and other benefits.
Pros and cons
Pros
- Hold balances in 30+ currencies in a single account
- Mid-market FX up to monthly free limit — best for occasional travel and small transfers
- Strong mobile app with budgeting, savings, and crypto features
- Free SEPA transfers within Europe, often free Faster Payments in UK
- Useful as a travel card with no foreign transaction fees on debit
Cons
- Free FX limits cap usefulness — heavy users hit the cap quickly
- Weekend FX surcharge (0.5–1%) is annoying for active users
- Customer support has historically been chat-only and slow
- Some account-freeze stories on Trustpilot when Revolut's AML triggers
- Not designed primarily as a remittance product — better as a travel/multi-currency account
- Not in Wise's comparison API
Licenses and regulation
Revolut is regulated as a money services business or licensed bank in the following jurisdictions:
| Country / Region | Regulator |
|---|---|
| UK | FCA + Bank of England (banking licence in progress) |
| EU | Bank of Lithuania (full banking licence) |
| USA | FinCEN MSB + state licenses |
| Australia | AUSTRAC |
| Singapore | MAS |
Top corridors
Revolut is most competitive on these currency pairs:
Compare Revolut against others
Side-by-side fee, rate and recipient amount comparison with verdict from live Wise data.
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Frequently asked questions about Revolut
Profile based on publicly available company information. For pricing, KYC requirements and current promotions, always check Revolut's official site.