How to Withdraw Money from Revolut

Launched in 2015, Revolut is a popular financial app serving over 70 million users worldwide. Functioning as a digital bank, the platform allows users to move money globally in seconds, supports 36 currencies, and provides multiple budgeting and financial tools, all in one app.

And as with any financial app, ease of access is a major factor you should take into account. How easy is it to get your money off Revolut when you need it? In this guide, we’ll walk you through all the different methods of withdrawing funds from the platform and discuss the specifics of Revolut’s currency conversion, withdrawal limits, and fees.

Ways to Withdraw Money From Revolut

Available for money transfers in over 160 countries, Revolut gives its users full control over their funds wherever they may be. In the same spirit, the platform has several withdrawal options to choose from.

Moving Funds to a Linked Bank Account

Transferring your funds to a connected bank account is perhaps the easiest withdrawal method. Not only does it save you the need to go out in search of the nearest ATM, but it can also save you a lot of money, as bank transfers often bypass ATM withdrawal limits and benefit from reduced fees.

Withdrawing Cash From ATMs With a Revolut Card

When setting up a Revolut account, you can also open a virtual debit card, which operates on Visa and Mastercard payment networks, or even order a free physical card. The card functions just like its traditional counterparts, allowing you to cash out your Revolut balance at ATMs when traveling, in emergencies, or simply when you need some cash in your pocket.

Sending Money to Another Person

You can transfer money to another Revolut user via the instant transfer feature or even move funds to their bank account. This is a great way of splitting bills, paying friends or family, or even transferring money so the recipient can withdraw it for you.

How to Transfer Money From Revolut to a Bank Account

You can use Revolut to withdraw to a bank account domestically or internationally once you’ve installed the app and registered an account. The whole process is as quick and easy as this.

1. Open the app.
2. Go to Payments or Transfers (depending on the app version).
3. Link a bank account by tapping New or Add recipient. Enter the required details, including the account holder’s name, IBAN or account number, bank name, SWIFT/BIC code (for international transfers), and the bank’s country of origin. If you’ve already transferred funds to this account before, you can simply select it from your contact list.
4. Type in how much money you want to send and specify the currency. At this stage, you’ll see all applicable currency conversion fees and the estimated arrival time.
5.  Double-check all details for mistakes.
6. Tap Send to confirm the payment and authorize it using your security method (PIN, fingerprint, or Face ID). The transfer will be processed immediately.

How Long Does It Take to Withdraw Money?

Revolut debit card cash withdrawals at ATMs and transfers between Revolut accounts are both instantaneous, making them preferable if you need money fast.

As for sending money to bank accounts, domestic transfers also take just a couple of seconds in most cases, but with certain banks, the process might take up to one business day. EUR transfers in the SEPA region will also arrive immediately if they qualify for SEPA Instant. Meanwhile, processing SWIFT transfers to other countries can take up to 5 business days, depending on the currency and bank regulations of your recipient.

Revolut Withdrawal Fees and Limits

While withdrawing money from your Revolut account is as simple as from any other financial service, the platform also has withdrawal and transfer fees and limits you should be aware of. Those depend primarily on your subscription plan (Standard, Plus, Premium, Metal, or Ultra) and the withdrawal method. Though entailing a monthly subscription fee, top-tier plans come with benefits like higher withdrawal thresholds, reduced fees, and better exchange rates.

All plans have monthly limits for Revolut ATM withdrawal: 200 EUR for the Standard and Plus plans, 400 EUR per Premium withdrawal, 800 EUR for the Metal plan, and 2,000 EUR for the Ultra plan. Any operations that exceed this monthly allowance incur a 2% fee, not to mention third-party ATM fees that are beyond Revolut's control. For example, if you cash out 180 EUR under the Standard plan, no fee is applied. Yet, if you withdraw 300 EUR, you’ll have to pay 2% for the extra 100 EUR above the 200 EUR limit.

Revolut imposes no limits and charges no fees for local bank transfers in GBP within the UK and international transfers in EUR inside the SEPA region. Outside those territories, the platform may apply small fees, which will be displayed in the app when finalizing the transfer. Besides, if you plan on transferring money overseas, you’ll also have to mind intermediary bank fees.

The fee for transfers from a Revolut account to a bank card varies from 0.70% (0.20 EUR minimum) to 1% (1 EUR minimum) to 2.30% (0.42 EUR minimum), depending on the country.

It’s worth noting that Revolut doesn’t have online transfer limits, allowing its users to send larger amounts in the UK and abroad. However, especially large transfers are subject to daily transfer limits, which usually range between 20,000 and 50,000 EUR, and may attract additional scrutiny.

Revolut Exchange Rates Explained

If you want to withdraw cash or send money in a different currency, Revolut will convert your funds using its own variable exchange rate based on live market data and multiple liquidity sources. You can review the platform’s current exchange rate before finalizing the transaction.

Revolut plans have different monthly limits for currency exchange. Once you exceed your limit, a small percentage fee will be charged for currency conversion.

To make the most of Revolut’s currency exchange features and avoid hidden costs, you should:

• Exchange during weekdays.
• Avoid weekend exchanges as well as other periods when Forex markets are closed, as Revolut may apply additional conversion markups.
• Consider upgrading your plan if you need to regularly convert large sums.
• Hold multiple currencies in your Revolut account.

How to Contact Revolut Support

Despite being a digital bank, Revolut stands out with its excellent customer service, ready to provide support 24/7 via an in-app chat. You can reach out to a support team by tapping your profile icon in the top-left corner and going to the Help section. Revolut support managers speak over 100 languages and can provide prompt and efficient assistance to customers worldwide. High-tier plan users (Premium, Metal, Ultra) can also contact support by calling a representative directly from the app.

Conclusion

With Revolut, your money is easy to reach. If you keep in mind withdrawal methods, limits, and possible Revolut card ATM fees and transfer charges, you will confidently move your money whenever you need to get some cash, perform a bank transfer, or simply send some money to a friend.