Revolut Review Verdict
Revolut gives you the real exchange rate and, within your monthly allowance on a weekday, often charges nothing to convert. It is one of the cheapest ways to spend and send in euros, and since March 2026 it is a licensed UK bank with FSCS cover.
The catches live in the small print: a £1,000 monthly free-exchange allowance on the free plan, a weekend markup, a variable fee on routes outside Europe, and support that turns sour the moment an account is frozen.
Best for
- Everyday spending and travel on a multi-currency card
- Euro and Revolut-to-Revolut transfers, which can cost nothing
- Holding and switching between 30-plus currencies in one app
Look elsewhere if
- You need to fix a rate for a large one-off payment (personal accounts get no forwards)
- Your recipient collects cash
- You regularly exchange more than £1,000 a month on the free plan
How Much Does Revolut Cost to Send Money?
Revolut's exchange rate and margin
On a weekday, within your plan's allowance, Revolut converts at the interbank rate, the same mid-market rate Wise uses. That is as good as it gets.
Two things change it. Exchange more than your monthly allowance and a fair-usage fee kicks in. Convert at the weekend and a markup applies, because the wholesale market is shut.
On the free Standard plan those two stack. A weekend exchange over your allowance can cost 1% plus 1%, a 2% margin in all.
Revolut transfer fees
The plan you hold sets the price. Allowances run per rolling month, then a fair-usage fee hits the excess.
| Plan | Monthly cost | Free FX allowance | Over-allowance fee | Weekend markup |
|---|---|---|---|---|
| Standard | £0 | £1,000 | 1% | 1% |
| Plus | £3.99 | £3,000 | 0.5% | 0.5% |
| Premium | £7.99 | Unlimited | None | 0% |
| Metal | £14.99 | Unlimited | None | 0% |
| Ultra | £55 | Unlimited | None | 0% |
Transfers within Europe (SEPA) are free. Send outside it, say to India, and a variable transfer fee shows in the app; paid plans discount it (Premium 20%, Metal 40%, Ultra 100%).
Sending £1,000 to India with Revolut
Free plan, weekday, within the £1,000 allowance. Rates are illustrative on the mid-market rate of 24 June 2026; the India transfer fee is set live in the app.
| Rate | Fee | Recipient gets | |
|---|---|---|---|
| Revolut, GBP to EUR (SEPA) | ~1.1501 (mid-market) | £0 | ~€1,150 |
| Revolut, GBP to INR | ~126.96 (mid-market) | Variable in-app fee | ~₹126,960 minus the fee |
To euros, Revolut is hard to beat: the real rate, nothing on top inside your allowance. To India the rate is strong, but a transfer fee applies, so read the final figure in the app before you send.
Costs to watch
- The £1,000 monthly allowance on the free plan; cross it and 1% applies
- Weekend conversions carry a markup unless you are on Premium or above
- Non-Europe transfers add a variable fee; on SWIFT, intermediary banks may take more
Where Can You Send Money With Revolut?
Countries and currencies supported
We confirmed you can hold and exchange 36 currencies in-app, and send to over 160 countries across more than 70 currencies.
Payout methods
- Bank deposit, into the recipient's own account
- Revolut-to-Revolut, instant and free, anywhere
- Mobile wallet to a selection of wallets
- No cash pickup; for India, transfers use account number and IFSC, not a UPI ID
Transfer speed and limits
| Revolut-to-Revolut | Instant |
| GBP to EUR (SEPA), such as sending to Spain | Within hours |
| GBP to USD (SWIFT) | 2–5 business days |
| Minimum / Maximum | Low minimum; no maximum on most digital transfers |
Who Is Revolut Best For?
Sending money to family overseas
Good where they are set up for it. A relative who also uses Revolut gets the money instantly and free, and a euro bank account is cheap and fast too.
But there is no cash pickup. If your family collects remittances in person from an agent, Revolut simply cannot do it.
Business and supplier payments
Strong, and better tooled than most. Revolut Business holds 28-plus currencies, runs batch payments by CSV or API, and feeds Xero, QuickBooks, FreeAgent and Shopify.
It also offers FX forward contracts up to 12 months, so a business can lock a rate ahead of a big supplier bill. That tooling earns its keep.
Large one-off transfers
Here is the gap for personal users. Revolut takes no maximum on most transfers, but a personal account cannot lock a rate.
Picture the months between agreeing to buy a flat abroad and completing: only Revolut Business clients get forwards, so a private buyer is left exposed and should use a broker.
When another provider fits better
- You need to fix today's rate for a large future payment on a personal account
- Your recipient needs cash in hand
- You want a named dealer for a high-value transfer
Revolut Pros and Cons
✓Pros
- The real mid-market rate on weekdays, within your allowance
- Free euro and Revolut-to-Revolut transfers
- Now a UK bank, with FSCS cover up to £120,000 on migrated accounts
- An excellent app, a multi-currency card and strong business tooling
- No maximum on most transfers, with very high app-store ratings
✕Cons
- The free plan's £1,000 monthly exchange allowance, then a 1% fee
- A weekend markup unless you pay for Premium or above
- No forward contracts for personal accounts
- A variable fee on transfers outside Europe, and no cash pickup
- The recurring complaint is frozen accounts with slow support
Is Revolut Safe?
How Revolut protects your money
Revolut became a licensed UK bank in March 2026, and eligible deposits in Revolut Bank UK Ltd are now FSCS-protected up to £120,000 per person. We checked the FCA Register.
Not everyone is covered yet. Revolut is moving 13 million UK users across in stages; until your account migrates, it sits under Revolut Ltd (FRN 900562), where funds are safeguarded but not FSCS-protected. Check which entity holds yours.
Account security and fraud protection
The app security is genuinely strong: two-factor authentication, biometric login, disposable virtual cards and instant card freezing. The weak point is human, not technical, and it shows up during an account lock.
Using Revolut: Sign-Up, App and Support
Signing up and verification. Opening an account is fast and entirely in-app, with identity checks. Larger or unusual transfers can trip a compliance review.
App and website. Revolut is app-first and widely rated among the best in fintech, with budgeting, analytics and instant card controls in your pocket.
Customer support. This is the soft spot. Everyday questions are handled in-app, but help gets slow and frustrating exactly when it matters most: when an account or transfer is frozen and your money is stuck.
Revolut Customer Reviews and Reputation
We read the recent reviews, not just the headline score. The pattern is clear.
| Source | Score | Reviews | As of |
|---|---|---|---|
| Trustpilot (UK) | 4.7/5, "Excellent" | 417,076 | 2026 |
| Apple App Store | 4.9/5 | 1m+ | 2026 |
| Google Play | 4.5/5 | 4m+ | 2026 |
What people praise: the app design, the real-time spending analytics, and cheap card use abroad.
What goes wrong: the one-star reviews share a theme, frozen accounts and restricted transfers, with slow resolution while the money sits stuck.
How Does Revolut Compare?
For everyday spending, euro transfers and holding currencies, Revolut and Wise are the two to weigh. Both give the real rate, with different fee small print, and you can put them side by side in our money transfer comparison.
For a large future-dated payment on a personal account, a broker like OFX or TorFX can lock the rate, which Revolut cannot.
For cash pickup, a remittance specialist covers ground Revolut does not. We compared these routes ourselves, and we refresh the live figures daily, so use our live comparison of today's rates and fees for the route you care about.
Final Verdict: Is Revolut Worth It?
Revolut is a default for spending and everyday transfers, not the answer for everything.
For travel, multi-currency holding and euro or Revolut-to-Revolut payments, it is among the cheapest and best, and the new banking licence adds real protection. We rate it 4.4 out of 5.
It loses ground on three honest points: the free-plan allowance, no forwards for personal users, and the frozen-account complaints that dog its support.
Revolut FAQs
On weekdays, within your plan's monthly allowance, yes, it converts at the mid-market rate. Exceed the allowance and a fair-usage fee applies; convert at the weekend and a markup applies unless you are on Premium or above.
Since March 2026 Revolut is a UK bank, and eligible deposits are FSCS-protected up to £120,000 once your account is migrated. Accounts not yet moved sit under Revolut's e-money licence, where funds are safeguarded but not FSCS-protected.
Not on a personal account. Forward contracts are available to Revolut Business customers only. A private buyer who needs to fix a rate should use a currency broker instead.
No. Revolut pays into bank accounts, instantly between Revolut users, and to some mobile wallets, but never cash over a counter. For cash pickup, use a remittance specialist.
Verified 24 June 2026. Provider data cross-checked against the FCA Register, revolut.com and Trustpilot via the Revolut deep-research source set. Live transfer figures are illustrative and refreshed by the Currency Expert comparison engine.
Currency Expert compares money transfer providers and may earn a commission when you use our links. It does not change how we rank providers or what we say below. Rates and fees move daily, so the figures here are dated; confirm the live amount with Revolut before you send.