Quick Summary
Revolut is a digital banking app that has revolutionized international money transfers by offering fee-free exchanges at the mid-market rate on weekdays (for supported currencies). With a multi-currency account that holds 30+ currencies and an international transfer capability to 150+ countries, Revolut is the modern choice for frequent travelers and international transferors. The app goes beyond transfers to offer full banking, crypto trading, and stock investing.
Score Breakdown
What We Like
- ✓ Fee-free exchange at mid-market rate (weekdays)
- ✓ Multi-currency account with 30+ currencies
- ✓ Instant transfers between Revolut users
- ✓ Comprehensive financial app
- ✓ Virtual and physical debit cards
What Could Improve
- ✗ Weekend exchange rate markup (0.5-1%)
- ✗ Monthly free exchange limits on basic plan
- ✗ Customer support can be slow
- ✗ Not a traditional bank in all markets
Features
Revolut offers multi-currency accounts, fee-free exchange on weekdays (up to plan limits), international transfers to 150+ countries, virtual and physical cards, crypto trading, stock investing, and savings vaults. Disposable virtual cards for online security. Spending analytics and budget tools. Group bills and payment splitting.
Pricing
Standard plan is free with £1,000/month fee-free exchange. Plus at £3.99/month increases limit. Premium at £7.99/month offers unlimited exchanges. Metal at £14.99/month adds exclusive perks. Weekend exchanges add 0.5-1% markup. International transfers to bank accounts outside Revolut may incur small fees depending on destination.
Usability
Revolut's app is among the best-designed financial apps available. Currency exchange is instant — just swipe between currency balances. International transfers are as simple as domestic ones. The spending analytics, budgeting tools, and investment features make it a complete financial ecosystem. Onboarding takes minutes with ID verification.
Key Specifications
| Transfer Fee | Free (plan limits apply) |
| Exchange Rate Markup | 0% weekday / 0.5-1% weekend |
| Transfer Speed | Instant to 3 days |
| Sending Countries | 35+ |
| Receiving Countries | 150+ |
| Delivery Methods | Bank transfer, Revolut-to-Revolut |
| Maximum Transfer | Varies by plan |
Final Verdict
Revolut is the best option for frequent international transfers and multi-currency spending. The fee-free weekday exchanges at mid-market rates are unbeatable for supported currencies. The comprehensive app goes far beyond just transfers. For traditional remittances to specific countries, Remitly may offer better last-mile delivery. But for overall international financial management, Revolut leads the pack.