What commissions does Revolut have?
What commissions does Revolut have? Revolut is a digital platform that offers banking and financial services without the need for a bank account traditional. With Revolut, you can send and receive money in different currencies, get debit and credit cards, and make international payments quickly and securely. But, before starting to use this platform, it is essential to know the commissions associated with its services. Fortunately, Revolut offers a transparent and competitive commission structure, making it an attractive option for those looking to avoid unnecessary fees. In this article, we'll explore the most important fees to look out for when using Revolut and how you can minimize them to maximize your savings and profits.
Step by step -- What commissions does Revolut have?
- What commissions does Revolut have?
Revolut is a financial services platform that offers a wide range of banking and financial services, including bank accounts, debit and credit cards, international payments and cryptocurrencies. Although Revolut offers many advantages and benefits, it is important to know the fees associated with its services to make informed financial decisions. Next, we show you Step by Step The most relevant commissions that Revolut has:
1. Card issuance fee: When you open a Revolut account, you will receive a physical or virtual debit card for free. However, if you need a replacement card or premium debit card, an additional issuance fee may apply.
2. Cash withdrawal fee: When using your Revolut card to withdraw cash from ATMs, it is important to note that a withdrawal fee will apply under certain conditions. This fee may vary depending on the amount of cash you withdraw and the country you are in.
3. Money transfer fee: Revolut allows you to send and receive money quickly and easily through its app. However, please note that some transfers may be subject to fees, especially if they are international transfers or if a currency other than the base currency of your account is used.
4. Currency exchange fee: One of the main advantages of Revolut is its ability to perform currency conversions at real exchange rates and without hidden fees. However, it is important to note that there are daily limits on free currency conversions. If you exceed these limits, a currency exchange fee will be applied.
5. Commission for card payments in foreign currency: When using your Revolut card to make payments at establishments that operate in a currency other than that of your account, a foreign currency payment fee will be applied. This fee may vary depending on the currency and country in which the transaction is made.
In short, Revolut has fees associated with services such as card issuance, cash withdrawals, money transfers, currency exchanges and foreign currency card payments. It is important to keep these fees in mind when using Revolut services to manage your finances. efficiently and avoid unpleasant surprises. Always remember to check the specific fees for your account, as they may vary depending on your location and account type.
FAQ
What are Revolut's fees?
- Currency exchange fee: Revolut charges a 0,5% fee on currency conversions over the weekend. However, users with a premium subscription do not pay this commission.
- Cash withdrawal fee: If you withdraw cash from an ATM and you have reached your monthly free limit, Revolut charges a 2% fee up to a maximum of €600 per month.
- Commission for Bank transfers: Bank transfers on Revolut are free within the limits set by the subscription plan you have chosen.
- Commission for cryptocurrency deposits: There is no fee for depositing cryptocurrency into your Revolut account, but exchange fees may apply when purchasing or sell cryptocurrencies.
- Commission for card payments abroad: There is no fee for paying with the Revolut card abroad, as long as the transaction is made in the local currency.
- Commission for physical card: The physical Revolut card It has a cost sole issue and shipment X euros.
- Commission for using the virtual card: The Revolut virtual card is free and can be created and used instantly via the mobile app.
- Premium subscription cancellation fee: There is no fee for canceling your Revolut premium subscription. However, you will need to ensure that you comply with the cancellation terms and conditions.
- Commission for cryptocurrency transactions: Revolut charges a small commission when you buy or sell cryptocurrencies. The commission varies depending on the type of cryptocurrency and the subscription plan you have.
- Commission for sending money to Other users from Revolut: Payments between Revolut users are free and can be made instantly using the internal transfer feature.