Revolut Australia
- Account keeping fee
- $0
- ATM withdrawal fee
- $0
- Overseas ATM withdrawal fee
- $0
Summary
Revolut offers an everyday account for global fee-free spending.
Revolut offers a transaction account and a card that allows for international transfers and simple global spending with low fees. You can also trade stocks and cryptocurrencies.
Pros
-
Low-cost global spending
-
Buy, hold, trade and transfer multiple fiat currencies plus cryptocurrencies
-
Receive spending notifications and insights into your transactions
-
Insurance options
Cons
-
Low fee-free ATM limits
-
No free express delivery
-
No interest earned on savings
Details
Key details
| Product Name | Revolut Account |
| Monthly account fee | $0 |
| Card access | Visa and Mastercard |
| Own network ATM fee | $0 |
| International ATM Fee | International ATM fee $0 |
| International transaction fee | 0% |
| Monthly deposit required to waive account fee | N/A |
| Contactless Payments | Apple Pay, Google Pay |
Eligibility
| Minimum Age | 18 |
| Minimum opening deposit | N/A |
Key features
Revolut Standard Account
The Revolut standard account allows you to spend your money all around the world without paying the exchange or ATM fees that most banks charge.
You can also add a Revolut Junior account for 1 child.
ATM withdrawal fees
ATM withdrawals are free up to $350 a month. After that there's a 2% charge with a minimum charge of $1.50.
Currency exchange
Transfer up to $2,000 a month between 30+ currencies with no exchange fees. Note that exchange fees may apply between Friday 5pm (New York time) and Sunday 6pm (New York time).
Stock and crypto trading
You can buy and sell 100+ cryptocurrencies and invest in over 2,000 stocks.
Other account tiers
Revolut also has 2 other account tiers: Premium and Metal.
| Premium: $9.99 per month | Metal: $24.99 per month |
|---|---|
| Transfer up to $20,000 a month between 30+ currencies with no exchange fees (fees may apply on weekends) | Unlimited money transfers between 30+ currencies |
| Withdraw up to $700 a month with no ATM fees (Revolut charges no fee but the local ATM may charge a fee) | Withdraw up to $1400 a month with no ATM fees (Revolut charges no fee but the local ATM may charge a fee) |
| Invest in over 2,000 stocks | Exclusive Revolut Metal card |
| 60% discount on international payment fees | 80% discount on international payment fees |
| You can add a Revolut Junior account for up to 2 children | Invest in over 2,000 stocks |
| You can add a Revolut Junior account for up to 5 children | |
| Up to 1% cashback on overseas spending (capped monthly) |
What are Revolut's features and benefits?
The following features are on offer from Revolut:
- Simple spending while overseas. Revolut allows you to spend and transfer money around the world without charging you exchange fees.
- Buy, hold and exchange multiple currencies. You can hold and exchange 30+ fiat currencies in your Revolut account.
- Set up recurring payments. If you have regular payments such as rent, utility bills, credit card bills or anything that isn't automatically direct debited from your account, you can set up recurring payments in Revolut so you don't forget to pay.
- Send and request money within the app. Revolut allows you to send money as well as request it from your friends directly within your revolut app. You can also attach notes, images and gifs when you ask to get paid or make a payment.
- User-friendly app. The app is intuitive and you can manage all of your card and account needs in it. It will automatically categorise your spending, send you instant payment notifications and give you a detailed view of your transactions.
- Security. You can "freeze" and "unfreeze" your card instantly in your Revolut app if it is lost or stolen. You're also able to turn on location-based security, so your card's payments will be blocked if your card is used in a different location to where you are.
How to apply
You can join Revolut by clicking through the "Get the App" button on its website. The app is available for download on both Apple and Android devices.
Your reviews
Elizabeth Finder
Lead Editor
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Sarah Megginson Finder
October 26, 2023
Hi Shankar,
Yes, Revolut cards are Visa or MasterCard, so they will be accepted anywhere that a Visa or MasterCard are accepted in Fiji.
Gavin
November 27, 2022
Travel insurance for Australian costumers ?
Looks like we don’t have travel insurance as one of our benefits ?
IS this going to change ?
Alison Banney Finder
December 02, 2022
Hi Gavin,
Since you have reached Finder, a comparison site, we can’t say for sure when Revolut will start offering travel insurance to their Australian users. It would be best to contact them directly to confirm it. If you have an existing Revolut account, you can reach out to them via in-app chat in the Revolut App through your Profile (circle in the upper left corner) -> Help -> New chat.
Thanks,
Alison
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Siddhardha BOBBA
October 25, 2022
Does applying to revolut effect my credit score ?
Alison Banney Finder
November 11, 2022
Hi Siddhardha,
No, applying for a Revolut account doesn’t affect your credit score.
Regards,
Alison
Slim
August 17, 2021
Hi, kindly whats the daily atm withdrawal limit for the metal cards.? And also for the standard premium cards
Alison Banney Finder
August 21, 2021
Hi Slim,
Revolut’s ATM withdrawals per 24 hours are limited to £3,000 or currency equivalent.
You can withdraw up to A$350, A$700, and A$1400 at no cost on the Standard, Premium and Metal plans respectively each month. A 2% fair usage fee will be applied thereafter.
Thanks,
Alison
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Jean Claude Aber
February 26, 2020
Can I transfer funds from Commonwealth Bank app to Revolut AUD account via bank transfer? What fees are included apart from the sender’s bank? Thanks!
Ash
February 27, 2020
Hi Jean,
Thank you for contacting Finder.
Yes, you may transfer funds using your Commonwealth Bank app to your Revolut AUD account. In transferring funds, make sure that the destination currency on your Revolut account is the default currency of your Commonwealth Bank account. For example AUD to AUD transfer.
There will be a $6 fee for every transaction for transferring funds using the Commonwealth Bank app.
I hope this helps.
Cheers,
Ash
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Shankar
October 25, 2023
Can revolut can be used in Fiji