Select UK-based customers have been offered US account details issued via our partner bank in the US.
We know that you probably want to know more about this, so we've tried to answer the most common questions in this post.
What are the benefits?
Up 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 will be 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, international ACH transfers or wire transfers.
Are there any limits?
Yes, there is a limit of $25,000 per transfer for personal customers and $50,000 per transfer for Business customers. Any transfers over this amount will be returned to the sender. All other standard Revolut limits also apply.
How long do local USD transfers take?
Local USD transfers usually take up to 2 business days to reach Revolut.
What will happen to my current USD IBAN?
Your current USD account details can still be used to receive US SWIFT payments.
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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