Great news – receiving USD to your UK account is more cost-effective than ever, for both personal accounts and businesses. Select UK-based customers can now use their own US account details issued via our partner bank in the US.
Find out how it all works below.
What are the benefits?
Until now, the only way to receive USD transfers has been via the SWIFT network, which can be inconvenient and costly for people who send you money.
By using your new US account details, it’s easier and cheaper for US-based friends and family to send you money from their US bank. Or, if you're a business, you can use these details to receive payments from US-based customers and online marketplaces.
What account details are used in the US?
Your US account details include the following:
- ACH routing number (similar to a UK sort code)
- Account number
What payment types are supported?
Your account details can only be used for local inbound transfers via the ACH network. For UK-based customers, we don't currently support direct debits, outbound ACH transfers or wire transfers.
Are there any limits?
Yes, there’s a limit of $100,000 per transfer for personal customers. Any transfers over this amount will be returned to the sender. All other standard Revolut and ACH scheme limits also apply.
How long do local USD transfers take?
Local USD transfers usually take up to three business days to reach Revolut.
What will happen to my current USD IBAN?
Your current IBAN details can still be used to receive USD payments via SWIFT.
Where can I find my new account details?
- Go to the Revolut app
- Select the ‘Accounts’ drop-down showing all your active currencies
- Select USD
- Click on the three dots to get more options on your USD account
- Select ‘Details’
- Go to the ‘Home’ menu > Dashboard
- Create a USD pocket
- Tap the USA flag and tap ‘Local’
This will show you the account details that can be used to pay money into this account.
How can I start using my new account details?
Provide your new account details to anyone who sends you money, friends and family (if you're a personal account customer) or customers, payment apps and online marketplaces (if you're a Revolut Business customer).
Are there any fees involved?
There are currently no fees for receiving any inbound USD transfers.
Does this mean I have an account in the US?
No, your electronic money account will remain in the UK and you'll still be a customer of our UK entity.
Your new account details are unique, but they don't represent a real bank account. You can still use them to receive payments, similar to a bank account.
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