Tap ‘Transfer’ on the main navigation screen in the app. Any friend with a Revolut account will have a white ‘R’ on their picture. Select your friend, choose the currency and amount you want to send, and add a note or GIF. Then just press ‘Send’ and the money will appear instantly in their Revolut account!
Can someone send me money to my Revolut account?
If someone else would like to add money to your Revolut account, they can send money to your account instantly via their Revolut app or they can send money via bank transfer.
How do I receive money from Revolut from a friend?
Here’s a step by step guide on how to request money with your Revolut app:
- Tap the ‘Payments’ button in the app.
- Tap ‘Request Money’
- Choose a friend to request money from.
- Select the currency, the amount & tap Request.
How do I accept transaction on Revolut?
Setting up a Payment Approval is as easy as you’d expect from Revolut, too. Simply navigate to Settings > Users > Choose user > Operations with funds > Payment approval rules. Set a value for this specific rule (e.g. £1,000), then choose the roles and number of people required to approve the payments.
How does someone pay me on Revolut? – Related Questions
Why am I not receiving money on Revolut?
Some banks may take a longer time to process transfers. Most banks cannot process transfers with incorrect recipient details, such as account number or IBAN typos. All banks and payment service providers are required to run checks on your payments to comply with regulations, which may cause delays.
Can I receive money from abroad on Revolut?
Transfer without borders
Revolut always offers great exchange rates without hidden fees. Fill in the details of your beneficiary and that’s all you need to do. We’ll take care of the rest.
Can you accept card payments with Revolut?
Once you start receiving card payments, you will be charged a processing fee per transaction that varies based on the country and type of card used by your customer. There are two main types of cards: Consumer cards, issued for personal use, or Commercial cards, issued for a business account.
How do you receive money from Revolut via link?
By sharing a simple link you can receive card payments from anyone, anywhere. You can create the request by adding a description and filling the amount, and a link will be generated that you can share with your customers by email, SMS or any other way. Click here to create a payment link.
Why is a transaction pending on Revolut?
A pending transaction is a payment which has been authorised but is still waiting for the merchant’s confirmation or reversal. The merchant has 8 days to either claim or cancel the payment. It can take up to 16 days for e-commerce pre-authorisation or deposit payments such as hotel reservations and car rental deposits.
How long does it take to receive money on Revolut?
Max 3 working days (usually it is 1 or 2 working days); If the recipient’s bank supports SEPA Instant Credit Transfer scheme, then the transfer should be almost instantaneous.
Do you need a bank account for Revolut?
However, if you want deposit protection and access to personal loans (and more financial services in the future), you will need to open a Revolut Bank account. If you choose not to upgrade, your standard e-money account will still be provided by Revolut Payments.
How much can I transfer to Revolut?
There aren’t any limits on the size or number of transfers you can receive into your Revolut Business account. However, for some transfers, we might need some additional information, in which case, a member of the team will contact you.
What is Revolut bank name?
If you need our bank name and address, it’s REVOLUT BANK UAB, Konstitucijos ave. 21B, Vilnius, LT-08130, Lithuania. How long will the transfer take to reach me? Up to 2 working days.
Is it safe to use Revolut as a bank account?
Yes. As Revolut is a bank its customers are covered by the ‘bank guarantee’. You may be familiar with the Central Bank’s Deposit Guarantee Scheme (DGS).
Is Revolut a real bank account?
Although we do have a banking license, we’re not yet a full-fledged bank in the UK, but an e-money institution (fintech). We intend to acquire a UK banking license in the future, as well as licenses in many of the other regions in which we operate.
How much cash can you withdraw on Revolut?
Cash withdrawals from ATMs are limited to $3,000 per 24 hours. You can withdraw up to $1,200 (see our Fees page) at no cost for out of network ATMs on all plans respectively every month. In network ATMs (Allpoint) are surcharge-free for an unlimited amount of withdrawals.
What are the disadvantages of a Revolut card?
Revolut Cons
- When markets are closed at the weekend, fees are charged of 0.5% and 1% on currency exchange rates.
- Foreign Exchanges over £5000 cost 0.5%
- Free Cash withdrawals are limited to £200 per month.
- No physical bank branches.
Is it free to withdraw cash from Revolut?
Withdrawing cash with the Revolut multi-currency card is generally at no cost. However, to be sustainable, we have to employ a fair usage policy. Cash withdrawals are not charged up to A$350 per month, and anything over is charged 2%.
Can I use Revolut at ATM?
Withdrawing cash from an ATM using your Revolut card is free, up to the limits of your plan. After you hit these limits, we charge a small fee. This is so we can cover our costs and be sustainable.
How much do Revolut charge to withdraw?
Withdrawing cash with the Revolut multi-currency card is generally at no cost. However, to be sustainable, we have to employ a fair usage policy. Cash withdrawals are not charged up to S$350 per month, and anything over is charged 2%.