How to close your Revolut account

No longer use your Revolut account? Perhaps you no longer need to send and receive money internationally, or you’ve switched to a new solution like the Wise multi-currency account.

Whatever the reason, we’ve put together a handy guide to help you close your Revolut account. This includes a step-by-step guide to the process, plus anything else you need to know along the way. So let’s get started.

How to close your Revolut account - a step-by-step guide

First things first, you’ll need the Revolut app. If you are (or were) a regular Revolut user, you’ll already have this - as it’s how Revolut accounts are managed.

Now, to close your account, follow these steps:¹

1. Make sure your app is upgraded to the latest version
2. Navigate to the ‘Dashboard’ and in the top-right corner, ‘Settings’
3. Scroll down until you find ‘Close Account’
4. Follow the instructions to close your account.

You may need to speak to a Revolut live agent or customer service representative before you can close your account².

This is because there are certain things you need to do, such as withdrawing all currency balances from your account. All transfers will need to be completed, and no money left in the account. Once the account is closed, all debit cards linked to it will be cancelled - which means you wouldn’t be able to access any funds left in the account.

Do I have to close my Revolut account?

Even if you no longer use your account, you don’t necessarily have to close it. According to Revolut, it can be tricky to open a new one with the same phone number in the future¹, if you should change your mind.

Revolut doesn’t charge for inactive accounts¹, so if you’re on the free Standard plan, you could just leave your account open.

If your current plan is too expensive, you can downgrade to a cheaper plan - or the free Standard plan.

However, there is another thing to consider - the security of your personal and financial data. Revolut keeps customer data for as long as 6 years¹, in line with anti-money laundering rules and other regulatory requirements.

Need a new way to send and receive money internationally? Try Wise

No matter the reason for leaving Revolut, it’s good to know that there are other cheap solutions out there for making international transfers.

Open a Wise multi-currency account and you can send, receive and spend all over the world for low fees and the real, mid-market exchange rate. There’s no monthly fee to pay, and you can manage your transfers on the handy Wise app.

You can also get a contactless international debit card that automatically converts currency at the fairest exchange rate whenever you spend.

Join Wise today

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After reading this guide, you should have all the info you need to close your Revolut account. There may be a few hoops to jump through (such as withdrawing your currency balances) but it should be reasonably straightforward.

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Sources used for this article:

1. Revolut - closing account
2. Windows Report - delete Revolut account

Sources checked on 16-August-2021.