Does Revolut work in Hong Kong?

If you're planning to live or travel in Hong Kong, you might be curious about whether Revolut works in the region. Revolut, known for offering a range of innovative financial services, is available in many countries around the world. However, the situation is different when it comes to Hong Kong. Currently, Hong Kong residents cannot sign up for Revolut, although visitors who already have an account can still use the service.

In this article, we'll explore whether you can use a Revolut card in Hong Kong, the fees associated with using Revolut in the region, and whether Hong Kong residents can open an account. Read on to find out how you can make the most of Revolut's features while in Hong Kong.

Does Revolut work in Hong Kong?

If you're living in or travelling to Hong Kong, you may be wondering if Revolut works in the region. Revolut, the popular financial technology company, has been expanding its services worldwide. However, when it comes to Hong Kong, the situation is a bit different. Currently, Hong Kong residents cannot sign up for Revolut.

Despite this limitation, travellers who already have a Revolut account can still use their cards and services within Hong Kong, provided they live in a supported country.

Can I use a Revolut card in Hong Kong?

Yes, if you are an existing Revolut user, you can use your Revolut card in Hong Kong. The card works just like a standard debit card, allowing you to make payments at various locations, both online and in physical stores. Many merchants in Hong Kong accept Visa and Mastercard, which are the payment networks supported by Revolut cards.

However, it is advisable to check with the merchant beforehand to confirm if they accept cards, as some smaller businesses may prefer local payment methods such as AlipayHK and WeChat Pay HK.

In addition to using your Revolut card for in-store purchases, you can also withdraw Hong Kong dollars (HKD) from ATMs. Be cautious, as some ATM providers may charge extra fees for foreign card withdrawals.

Fees for using Revolut in Hong Kong

When using Revolut in Hong Kong, there are a few fees to be aware of, particularly when it comes to currency conversion and ATM withdrawals. Revolut supports multiple currencies, and you can use the app to exchange currencies at competitive rates. However, you may incur a currency conversion fee depending on your plan.

Here’s a breakdown of the fees for Revolut users in Hong Kong:

• Currency Conversion Fees: Revolut’s currency conversion fees vary based on your plan. For users on the Standard plan, there is a £1,000 fee-free limit for currency exchanges during the weekend. Higher-tier plans like Plus, Premium, and Metal offer higher limits and fee-free conversions during the week. Regardless of the plan, all users will be charged a 1% fee on all exchanges made on the weekend.
• ATM Withdrawal Fees: Revolut allows free ATM withdrawals up to a certain limit each month. For Standard users, the free withdrawal limit is £200 or 5 withdrawals, whichever comes first. After that, you'll be charged 2% of the withdrawal amount or a £1 fee (whichever is greater) for each withdrawal in the rolling month. Be sure to check the withdrawal limits to avoid unexpected charges.
• Foreign Transaction Fees: Revolut does not charge extra fees for purchases made in foreign currencies. However, if your account has insufficient funds in the local currency (HKD), Revolut will convert funds from your other balances, and a conversion fee may apply.

Can I open a Revolut account in Hong Kong?

Currently, Hong Kong residents cannot sign up for Revolut. According to Revolut's official website, they are not accepting new users from Hong Kong at this time. This means that if you're a resident of Hong Kong, you will not be able to create a new account directly through Revolut’s platform.

If you are a visitor who already has a Revolut account from another country, you can continue using your account while in Hong Kong.

While Revolut is a great financial tool, it currently does not allow Hong Kong residents to sign up for new accounts. However, if you are an existing Revolut user who has already signed up from a supported country, you can still use your Revolut card and services in Hong Kong. Keep in mind that currency conversion fees, ATM withdrawal fees, and foreign transaction fees may apply.

If you are looking for an alternative to Revolut for sending money abroad from Hong Kong, you should check out Wise. Wise offers a fast, low-cost, and transparent way to send money internationally, with mid-market exchange rates and minimal fees. For residents of Hong Kong seeking an easy and efficient way to handle cross-border payments, Wise is a great option to consider.

Send money with Wise

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