Revolut International Transfer: Fee, Limit, Time Duration, Rates

Revolut International Transfer

Revolut is a modern and innovative financial platform that offers seamless and convenient money transfer solutions. With Revolut international transfer service, individuals can effortlessly send and receive internationally, eliminating the complexities and delays associated with traditional banking methods. This digital platform uses cutting-edge technology to provide secure and instant transfers, making it an attractive choice for individuals seeking efficient and cost-effective ways to move their funds. Whether for personal or business purposes, Revolut simplifies the process of transferring money, enhancing financial accessibility and convenience for users across the globe.

Also Read: Cheapest International Money Transfer

How to Make Revoult International Transfer?

Revolut has a seamless way to send money internationally. To make an overseas transfer, an individual must become a member of Revolut. To become a member one has to get her/their/his documents verified. This process usually takes around 5 minutes to 24 hours. After becoming a member, a person can transfer funds via the Revolut app. 

Here is a step-by-step guide on how to send money internationally via Revolut app:

Step 1: Access the Revolut app on your mobile device

Step 2: Click on the ‘Transfer’ option visible on the primary interface

Step 3: Choose the ‘Send International’ option

Step 4: Pick the desired recipient country (from a list of over 200)

Step 5: Specify the sum you wish to send, select the account, and input a reference

Step 6: Proceed to the next step to input your recipient’s details and verify the transfer

Also Read: How To Transfer Money Internationally Between Banks?

Transfer Limit

There is no limit on Revolut international transfer for most currencies. However, recipient banks impose some limitations. Owing to this, Revolut sets some limits on transfers to certain countries and in select currencies. Thus, it is advisable to refer to Revolut employees before making any overseas transfers. 

Also Read: Are There Any Limits To International Money Transfers? Here’s The Answer!

Transfer Fee

Revolut applies varying fees for international money transfers and foreign exchange transactions. Additionally, there are fair usage limits and potential weekend surcharges to consider. Here’s a summary of the details:

Same Currency Money Transfer

When you transfer money to another country for deposit in the local currency (like sending EUR to France), you’ll encounter the following charges:

  • A fee of 0.30%, with a minimum of £0.30 and a maximum of £5, for most currency transfers.
  • For transfers to BRL, CLP, COP, KRW, LKR, NPR, RSD, or VND, the fee varies between 0.45% and 2%, with a minimum of £0.70 and a maximum of £60. This makes transfers to these currencies notably more expensive.

Also Read: Same Currency International Transfer

International Money Transfer in Other Currencies

For international transfers where the received currency isn’t the local one (e.g., sending USD to France), the fees are as follows:

  • There is a fixed fee of approximately £3 if the currency is USD, EUR, GBP, or CHF, paid in your account’s base currency.
  • A fixed fee of approximately £5 if the currency differs, is also paid in your account’s base currency.

Transfer Exchange Rates

When using Revolut to send money internationally, the sole fee incurred will be a set or percentage-based charge. This signifies that there is no additional charge on the exchange rate, and Revolut employs the mid-market exchange rate for currency conversion—making it one of the rare money transfer services to do so. Nevertheless, the application of fair usage limits and a weekend surcharge may vary based on your specific Revolut plan and the day of the week you initiate the money transfer.

Also Read: Top 10 Foreign Exchange Companies In India In 2023

Delivery Time

Revolut is a quick overseas fund transfer platform. Any Revolut international transfer from Greece to other countries usually takes up to 3 to 5 business days. The recipient can use the money immediately after receiving the fund in their bank account. 

FAQs

Q.1. Does Revolut offer international transfers?

Ans: Yes. An individual can use Revolut to send money internationally to and from more than 100 countries. This financial institution allows people to send and receive money all over Asia-Pacific, Europe, Africa, and the Americas.

Q.2. What is the Revolut international money transfer limit?

Ans: There is no defined limit on a Revolut overseas fund transfer. But some payment partners have set a bar on maximum transfers. Thus, customers must consult Revolut before making any transaction.

Q.3. What is the Revolut international transfer fee?

Ans: For the same currency transfer, Revolut charges a fee of 0.30%, with a minimum of £0.30 and a maximum of £5, for most currency transfers. Whereas, for international transfers in other currencies, an individual needs to pay a fixed fee of approximately £3.

For queries related to international money transfers and study abroad loans, please contact Fly Finance experts now!!

About Ankita Singh

Leave a Comment

Top 5 Benefits of SBI Zero Balance Account for Students Eligibility Criteria for Aditya Birla Capital Education Loan to Study Abroad Auxilo Education Loan for Wards of Defence Personnel Steps Involved In Canara Bank Education Loan Processing Time IBDI Education Loan Documents Required Checklist Education Loan Interest Rate Comparisons: Banks vs. NBFCs Indian Army Education Loan to Study Abroad: Know It All Here Process and Ways to Obtain Gap Certificate for Education Loan 10 Fully Funded Scholarships in Canada How To Make Online Discover Bank International Wire Transfer?
×

Send Money Abroad in <15 mins

×

Request a callback

×

Get an education loan at the lowest interest rate

×

Thank you! Your call request has been submitted

Our team will connect with your shortly

aero Want to transfer money abroad at the cheapest rates?