We’ve got some new and important changes in the pipeline so keep reading!
We’ve recently updated our terms and conditions and Fair Usage policy for big spenders (currency exchange transactions over £5,000 per month). We’ve worked hard to ensure that the change is fair and, rest assured, most users will not be affected.
Cross-currency transactions (Send, Spend, Transfer, Exchange) are free up to £5,000 / €6,000 / $6,000 (or equivalent) per month. A 0.5% fee will apply to further cross-currency transactions performed during the same calendar month.
For example, if you have £6,000 on your account, and you exchange £5,000 into Euros, this is FREE. Then, if you decide to exchange the remaining £1,000, there will be a £5 charge. This only applies to cross-currency transactions, so if you transfer £6,000 to a GBP account, it will still be FREE.
These updates apply immediately to new users and will come into effect on the 9th November 2016 for existing users. Check out our website for more information on our Fair Usage Policy.
Update to Revolut 3.0.1 from the iOS or Google Play App store to check our the details of your new Price Plan under ‘Profile’ and to receive push notifications when you’re about to reach your monthly free use limit.
On another note, we’re lining up some new features for our Android and iOS apps! Here’s a teaser below 😉
By the way, have you tried our new Apple Watch app? If so, we’d love to hear what you think! Let us know on Twitter.
Thanks for your continued support and all the great travel stories that you’ve been sending us; we’re proud to help you beat those insane exchange rates on holidays!
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