How to Use Revolut Abroad

Revolut Abroad: A Comprehensive Guide

Are you planning a trip abroad and wondering how to use your Revolut card? Look no further! This guide will walk you through everything you need to know about using Revolut abroad, from opening an account to making payments and withdrawals.

Understanding Revolut’s Multicurrency Accounts

Revolut is a multicurrency account that allows you to hold money in 29 currencies without any conversion fees. You can open a free account with Revolut, which includes features such as contactless payments, ATM withdrawals, and currency exchange. The Standard plan costs nothing per month, while the Plus, Premium, and Metal plans offer additional benefits.

Choosing The Right Plan For Your Needs

Revolut offers several subscription plans to suit different needs:

• Revolut Standard: This is the free account option that includes features such as contactless payments, ATM withdrawals, and currency exchange. The monthly fee is zero euros.
• Revolut Plus: This plan costs 3.99 Euros per month and includes unlimited spending without commissions on transactions up to 3000 euros.
• Revolut Premium: This plan costs 9.99 Euros per month and includes features such as global medical insurance, free international transfers, and a cashback of 20% on international transfers.
• Revolut Metal: This is the highest-tier plan that costs 15.99 Euros per month and includes benefits such as unlimited spending without commissions, cashback on purchases abroad, and travel insurance.

Opening an Account With Revolut

To use Revolut abroad, you’ll need to open an account first. You can download the Revolut app for Android or iOS/iPadOS devices and follow the instructions to sign up.

Adding a Multicurrency Account

When traveling to a country that uses a different currency than euros, you may need to add a multicurrency account to your Revolut account. This will allow you to convert your money to the local currency without any fees.

Converting Money With Revolut

To convert money within the app, go to the “Accounts” tab and select the account in the currency you want to exchange. Choose the amount you want to change and the destination currency. The conversion will be done automatically, avoiding additional commission fees.

Using Your Card Abroad

When using your card abroad, Revolut will automatically take the funds from the multicurrency account associated with that currency. You won’t need to perform any extra operations to access your money.

Revolut Business: A Guide For Entrepreneurs

If you’re a business owner, you may be interested in Revolut’s business accounts. These include features such as accepting payments in over 150 currencies and managing expenses. The different plans available are:

• Revolut Basic: This is the free account option that includes features such as unlimited spending without commissions on transactions up to 1000 euros.
• Revolut Grow: This plan costs 19 euros per month and includes benefits such as unlimited spending without commissions, local transfers, and international transfers.
• Revolut Scale: This plan costs 79 euros per month and includes features such as unlimited spending without commissions, local transfers, and international transfers.
• Revolut Enterprise: This is a customized plan designed for larger businesses.

Making Payments Abroad With Revolut

When making payments abroad, it’s essential to avoid additional commission fees. To do this, you can convert your money within the app before making the payment. Alternatively, you can withdraw cash from an ATM or make contactless payments using your card.

Tips And Tricks For Using Revolut Abroad

• Always add money to your Revolut account in euros to avoid conversion fees.
• Consider opening a multicurrency account when traveling abroad to convert your money at a favorable rate.
• Use the Revolut app to exchange currencies within the app, avoiding additional commission fees.

Conclusion

Revolut is an excellent choice for individuals and businesses looking to manage their finances abroad. With its multicurrency accounts, contactless payments, and competitive exchange rates, you can enjoy stress-free travels and business transactions. By following this guide, you’ll be well-equipped to make the most of your Revolut card and stay on top of your finances while exploring new horizons.

Faqs

1. What is The Cost of Using Revolut Abroad?
   Revolut’s fees vary depending on the plan you choose, but there are no monthly fees for the Standard plan.
2. Can I Open a Multicurrency Account With Revolut?
   Yes, you can add a multicurrency account to your Revolut account when traveling to a country that uses a different currency than euros.
3. How do I Convert Money Within The App?
   To convert money within the app, go to the “Accounts” tab and select the account in the currency you want to exchange. Choose the amount you want to change and the destination currency.
4. Can I Use my Revolut Card Abroad?
   Yes, you can use your Revolut card abroad without any additional fees.
5. What is The Cost of Using Revolut Business?
   The costs vary depending on the plan you choose, but the Basic plan is free, while the Grow and Scale plans cost 19 and 79 euros per month, respectively.
6. How do I Make Payments Abroad With Revolut?
   To make payments abroad with Revolut, use your card to make contactless payments or withdraw cash from an ATM.
7. Can I Add Multiple Accounts in Different Currencies?
   Yes, you can add multiple accounts in different currencies within the Revolut app.
8. What is The Commission Fee For Using Revolut Business?
   The commission fee varies depending on the plan you choose, but it’s usually 2% of the transaction amount.

I hope this comprehensive guide has helped you understand how to use Revolut abroad. Remember to always add money to your account in euros to avoid conversion fees and consider opening a multicurrency account when traveling abroad. Happy travels!