How long do international bank transfers from the UK take?
How long do international transfers take? Find out in our helpful guide, covering average transfer times for SWIFT and SEPA.
Revolut limits UK: transfers, currency exchange, withdrawals and more
If you’ve recently started using Revolut, you’re likely still trying to remember the limits of your account. Depending on the plan you’ve chosen, there are different amounts you can spend, withdraw or exchange.
To help you out, we’ve prepared a guide on Revolut limits you should be aware of. We’ll cover everything you need to know to avoid unnecessary fees or uncomfortable situations.
Also, if you’d like to look at Revolut alternatives, check out the Wise account from the money services provider Wise. It’s not a bank account but offers many similar features. It lets you send, spend and convert money in 40+ currencies for low, transparent fees* and the mid-market exchange rate 24/7.
Learn more about the Wise account 💰
Overview of Revolut limits in the UK
Let’s take a look at some Revolut limits you should know about, so you could avoid paying fees:
| Daily and monthly transfer limits¹ | Usually none |
|---|---|
| Exchange and fair usage limits² | Standard plan: £1,000 Plus plan: £3,000 Premium, Metal and Ultra plans: none |
| Contactless limits³ | £100 per transaction, £300 in total |
| Withdrawal limits⁴ | £3,000 |
| Cash deposit limits⁵ | £2,250 per month, £10,000 per year |
Revolut local and international daily and monthly transfer limits
In general, there aren’t any Revolut limits when it comes to transfers. This applies to local and international transfers and you can send large amounts without worrying. However, there might be an exception when it comes to some currencies, but you’ll be able to see that in the app before sending money.¹
Revolut exchange and fair usage limits
The amount of money you can exchange each month depends on the Revolut plan you have.
If you’re a Standard user, you can exchange up to £1,000 per month and pay a fair usage fee of 1% on anything exceeding that. Plus plan users can exchange up to £3,000 and pay a 0.5% fair usage fee on any additional exchange.²
Premium, Metal and Ultra users don’t have a set exchange limit, so they don’t pay any fair usage fees.²
Besides this, Revolut users should also be aware of weekend exchange limits and fees. You can exchange currency fee-free until 5pm on a Friday. However, between 5pm on a Friday and 6pm on a Sunday, there’s an additional weekend exchange fee which adds another 1% to the standard Revolut exchange rate.⁶
| 📚 Read more: Using Revolut abroad: is it the best choice? |
|---|
Revolut debit, credit, virtual and contactless cards’ limits
There’s a £100 contactless Revolut limit per transaction. When it comes to total limits, you can spend £300 altogether before typing in your PIN. However, this doesn’t apply to paying with Apple or Google Pay or for paying at unattended transport terminals, such as paying at the London Tube.³
Revolut cash withdrawal daily and monthly limit (UK and abroad)
You can withdraw cash with Revolut up to £3,000 in 24 hours. This also applies to other currencies equivalents. When it comes to monthly limits, you can set them yourself in the Revolut app.⁴
Revolut cash deposit limit in the UK
If you want a cash top-up for your Revolut account, the limit is £750 per day or 3 top-ups. Then, if you want to make a larger cash deposit, there’s a £2,250 Revolut limit per month. Finally, you can deposit up to £10,000 a year.⁵
| 💡 Read more: 12 alternatives to Revolut in the UK |
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What’s the Revolut’s fair usage policy?
Revolut’s Standard and Plus plans have monthly currency exchange limits. If you exceed them, you’ll have to pay a fair usage fee on the additional amount.
When it comes to the Standard account, you can exchange up to £1,000 per month for free. After that, a fair usage fee of 1% applies to any amount on top. The Plus plan has a higher limit of £3,000 and also a smaller fair usage fee - 0.5%.²
Keep in mind that the monthly exchange limit applies to all types of exchange, not only money. This also includes cryptocurrencies and precious metals.
Discover the Wise account: mid-market exchange rate all day, every day
Want a great exchange rate all the time, not just on weekdays?
Open a Wise account online and you can start managing your money in 40+ currencies (including GBP). It’s not a bank account but offers many similar features.
Here are the main benefits for using Wise: |
|---|
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You can also get a Wise card for a one-time cost of just £7 and use it to spend all over the world in 150+ countries, including the UK.
This clever debit card automatically converts your pounds to the local currency at mid-market exchange rates whenever you spend. There are no foreign transaction fees, only a tiny conversion fee* - or it’s free if you already have the foreign currency in your Wise account.
Sources used:
- Revolut Help - Are there limits for sending a bank transfer?
- Revolut - Personal fees (Standard)
- Revolut Help - Card payment fees and limits
- Revolut Help - Cash withdrawal limits and fees
- Revolut - Limits for Paysafe cash top-ups
- Revolut Help - Currency exchange fees
Sources last checked on date: 02-Sep-2024
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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