In order to transfer money to your Revolut account from the Bank, just open the Revolut app or go to the Revolut website. Then tap the “Add Money” option and Choose “Currency” in which you want to receive money/funds. After that tap on “Change” and choose the “Regular Bank Transfer” option.
Now give the required bank details and complete the transfer process. Though it seems straightforward, if you are new, here you might face several issues. So continue reading this article to know how to do it properly.
Ways Of Adding Money To Revolut Account?
Revolut basically is a British Neobank and one kind of financial technology company which offers reliable banking services at low cost. Basically Revolut becomes popular because of its flexibility to add money.
It offers accounts featuring currency exchange, debit cards, crypto, stock trading virtual cards, Apple Pay and other services.
Here are some of the most popular ways to add money to the Revolut account:
Amongst the simplest and most common ways to add money to a Revolut account is through a transfer from a bank account. Revolut offers a unique IBAN and BIC to transfer money from your banks.
This method allows users to send/transfer money seamlessly from their regular bank account to their Revolut account. Currently Revolut (banking) is available in 36 countries and they support 27 currencies.
You can also transfer money in your Revolut account through a debit /credit card. HereRevolut accepts a variety of cards: including Mastercard, Visa and American Express.
To add money using these cards – open the Revolut app and go to the “Add Money” section. After that enter your card details (Card number, CVC code, expiry date) correctly. Now choose the currency and enter the amount you’d like to transfer and then tap ‘Add money securely’.
**N.B.: The funds/money/currencies added through credit card and prepaid card cannot be used for transfers or ATM withdrawals. These funds are only usable for card payments (i.e. shopping).
With Apple Pay or Google Pay
If you have an Android device or iPhone you can easily add money to your Revolut account using Google Pay or Apple Pay. Additionally you can transfer funds to your account using Apple Watch.
To do this – go to the balances screen in the Revolut app and tap the ‘( )’ button. Once you’ve selected the amount, quickly press/click the side button twice to confirm.
**N.B.: In Apple Pay and Google Pay, American Express and credit cards are not supported.
With money from other Revolut users
Revolut offers a seamless peer to peer transaction system between its users. To request money from another Revolut user – go to the ‘Transfer’ section and select the user whose name has an “R” next to it.
Besides, you can share a payment link with people who don’t have the Revolut app. Using this link they can easily transfer cash to you via credit or debit card.
**N.B.: Your request will expire after 10 days and is limited to £250.
With linked accounts
Revolut allows you to link external bank accounts to your Revolut account. This will allow you to automatically transfer money/funds from your bank to your Revolut account on a regular basis.
To use this method – tap “Transfer to Revolut” or select “Linked account” in the ‘Add Money’ section.
With direct deposit and Early Salary
Your Revolut account can be credited with direct deposits if you do a job. They also offer a feature called Early Salary.
Here you have to provide your Revolut account details (IBAN and BIC) to your employer, and they will initiate direct deposits to your Revolut account.
Generally when Early salary payment is set up you won’t need to do anything. Another best thing is that Revolut doesn’t take a penny for advancing your payment.
**N.B.: Early payments have 2 conditions:
- An individual payment cannot exceed £5000
- You cannot receive more than £76000 within 30 days
In recent years Revolut has become amongst the most popular digital banking solutions because of its convenient international transfer and cost effective services.
It offers an easy method for transferring money from any user’s bank account to their Revolut account.
Though it’s a quite easy and straightforward process, still as a newbie you might face several problems. Follow the steps mentioned below to learn how to do it successfully:
- Step 1: Open the Revolut application and tap on the “Add Money” option.
- Step 2: Now select the currency (in which currency you want to add money) and enter the amount you want to transfer.
- Step 3: Next from the below section, tap the option called “Change” and then select the “Regular Bank Transfer” option.
- Step 4: Here this page will ask for some of the necessary information (your account number, sort code etc.) about your Bank Account. So give them correctly and review them again.
- Step 5: After that tap on “Confirm” to complete the transfer.
** If you would like to receive or transfer from an external bank account or another Revolut account follow these steps:
- Step 1: First tap on your account balance and choose the currency based on your expected transfer currency.
- Step 2: After that tap on the “Three(3) Dots” and tap on “Details”
- Step 3: Now share your account details with your clients or customers. By using this account information they will be able to send you the money.
**N.B.: Here remember these two things:
- First: For receiving or transferring from other countries and currencies, always use your ‘International’ account details. You can find this information in the ‘International’ tab of your account details. This includes SWIFT transfers and requires IBAN and BIC/SWIFT code.
- Second: Whenever you’re sending or receiving money within the same country and countries main currency, use the ‘Local’ account details. This includes SEPA transfers. This transaction requires account details from the ‘Local’ tab of your currency account.
Generally Revolut’s fund/money transferring fees depend on the currency, location, account type, and membership level and these are not fixed. The following table gives you an idea of how much they charge.
|Add money||Using bank transfer or domestic personal debit card||Free|
|Using debit card which issued outside of the USA and commercial debit card||3% of the transaction.|
|ATM Withdrawals||In-Network ATMs||Free|
|Out-of-Network ATMs||Free ($400 for each month) but 2% for additional amounts.|
|Transferring fund to other Revolut users||Free|
|Inbound or Outbound U.S. Domestic Wire||$10.00 for each transfer|
|Non-USD Domestic and International Transfers||$200 or greater||5% on the transferring amount|
|Less than $200||10% on the transferring amount|
Yes. Mercury and Revolut are both considered to be safe Neobanks. Besides they both offer FDIC or FSCS protection for customer deposits. But Mercury isn’t available to sole proprietors.
Here if you are looking to buy a Mercury Account from a reliable and trusted seller, then Merchantta should be your first choice.
They not only provide approved, legitimate and verified Mercury accounts but also they sell it at a reasonable price.
Though we have covered most of it in this article, there might still be some questions in your mind that have not been answered yet. So check out this FAQ section to get those answers.
Which Currencies Does Revolut Support For Inbound Transfers?
For inbound transfers Revolut supports 27 currencies. They are: AED, USD, CHF, CZK, DKK, EUR, GBP, ILS, JPY, MXN, NOK, THB, TRY, ZAR. AUD, BGN, CAD, HKD, PLN, QAR, NZD, RON, SEK, RSD, SAR, SGD, HUF.
How long does it take to process a transfer?
Domestic transfers within the UK are processed instantly. But international transfers within the SEPA zone typically take 1-3 business days and outside the SEPA zone can take up to 3-5 business days.
Is There Any Hidden Charge For Transfering Money To Revolut From A Bank Account?
No. There are no hidden charges for transferring money to Revolut from a bank account. All the required charges and fees are described in Revolut website. Without those you don’t need to pay any money.
Is There Any Limitation To How Much Money You Can Transfer Each Day?
For most currencies they have no limits for adding funds/money to Revolut accounts by bank transfers. But remember that accounts have an annual/yearly top-up limit. This includes all top up methods, including card top ups, internal transfers and Apple/Google Pay.
What Are The Countries That Revolut Does Not Support For Inbound Transfers?
For inbound transfers Revolut doesn’t support 10 countries. They are: Belarus, Iran, Korea (North), Cuba, Russia, Venezuela (Bolivarian Republic), Syria, Libya, Zimbabwe and Myanmar.
The company Revolut is a fintech company which offers an alternative to traditional banking services.
It was founded in 2015 to make money management affordable and streamlined.
So if you’re looking for an easier way to manage your finances while traveling abroad or want to send money to friends or family overseas, Revolut has got you covered.