How to Transfer Money from Revolut UK to Bank Account

How to Transfer Money from Revolut UK to Bank Account & Others

Looking for how get transfer money from your Revolut UK account to a bank account and other options?

Revolut offers easy transfer of money to a bank account in the UK and internationally. Other transfer options include debit cards, credit cards and Revtag. Generally, sending money on the Revolut app is free however, some transfers come with a fee.

Therefore, find out in this post the process, limit and related topics.

Read: How to Open Revolut Account UK


Can you Transfer from Revolut to a Bank Account?

Can you Transfer from Revolut to a Bank Account?

When you open a Revolut account in the UK, you get a bank account number. With this bank account, you can send money domestically and internationally. Also, someone can send money to your Revolut bank account.

On the Revolut app, you can send money to any UK bank account. To send money to these UK banks, you would need these account details: account number, account name and sort code. With these, you can send transfer money from Revolut to a UK bank account for free. Such as Monzo, Barclays, Santander and so on.

Likewise, On the Revolut app, you can transfer money internationally to a bank account. The app supports over 200 countries across the continent. Examples include the USA, Canada, China, and South Africa.

Although Revolut can transfer money to over 200 countries, it only supports 41 currencies. So, you cannot send money to some countries in their currencies but popular ones like USD, GBP and EUR. For instance, you cannot send Naira to Nigeria on a Revolut account instead send it in USD. This means the beneficiary must have a domiciliary account to receive USD currency.

Of course, you must add money to your Revolut account to transfer money to a bank account. Below are some posts that can guide you.


How to Transfer Money from Revolut UK to Bank Account

Indeed, sending money from your Revolut account to a bank account in the UK is quite easy and free.

Here is how to transfer money from Revolut to a UK bank account:

  1. Open Revolut app.
  2. Tap Transfer at the app bottom.
    Revolut app transfer
  3. On the next page, tap New.
  4. Select Bank Recipient option.
    How to Transfer Money from Revolut UK to Bank Account
  5. Fill in the details: Sort code, Account number, Name.
  6. Lastly, confirm the transaction with your PIN.

How to Transfer Money from Revolut UK to International Bank Account

Another benefit of opening a Revolut account is you can send money abroad.

Follow these steps to transfer money from Revolut to an international bank account:

  1. Open Revolut app
  2. Tap Transfer at the app’s bottom
  3. Next, tap New at the top.
  4. Select Send International option.
    Revolut international transfer option
  5. Choose the destination country.
  6. Enter the currency amount and tap Continue.
  7. Next, tap New or Create a Beneficiary.
  8. Fill in the details: Sort code, Account number, Name.
  9. Lastly, confirm the transaction with your PIN.

To check for international transfer fees and exchange rates on the Revolut app is quite easy. When you enter the currency amount to send, you will see the fee below the amount. Click on it and view the breakdown charges which include the exchange rates and transfer charges.

Exchange rates vary across different platforms and some do not charge a fee for sending money abroad.

Some apps that offer free international transfer fees with competitive exchange rates include:


Transfer Money from Revolut to Bank Account Fee

It can be free or attracts a fee to transfer money from the Revolut account to another bank account. This depends if it is a domestic transfer or an international transfer.

It is free to transfer money from a Revolut account to a UK bank account. Domestic transfers to any UK bank like Monzo, Halifax and others are free on the app.

However, there is a fee for the international transfer of money from a Revolut UK account to a bank account. This fee depends on the currency type and amount. For instance, the transfer fee for sending $100 abroad is different to €100.

To check for the current international transfer fee on Revolut, follow these steps:

  1. Go to the Revolut transfer section.
  2. Choose the Send International option.
  3. Select the destination country and enter the amount.
  4. Below the amount, you would see the fees Revolut will charge you.
  5. Tap to also see the current exchange rate.

How long does it take for Revolut to Transfer Money to Bank Account?

Depending on some factors, the transfer of money from Revolut to a bank account takes between a few seconds to a few days to reflect.

On the Revolut app, domestic transfers in the UK takes a few seconds to hours. However, over £250,000 can take up to 1 working day.

International transfer on Revolut takes is within a day. Some transfers could take a few hours for the beneficiary to receive. But, sending money to some countries may take the next working day.

However, Revolut international transfers on the SWIFT network can take up to 5 days to get delivered. SWIFT is used to transfer money when the currency is not the country’s currency.


Other Revolut Transfer Options

Apart from sending money to bank accounts, Revolut has other ways of transferring from the account. These include using the recipient’s card or Revtag.

1. Card Recipient

Revolut accepts transfers of money to one’s or someone’s else card. This can be a debit or credit card. You can send the money locally and internationally as Revolut supports over 70 countries including the UK.

Here is how to send money from Revolut to a debit/credit card:

  1. Open Revolut app.
  2. Tap Transfer at the app’s bottom
  3. Next, tap New at the top.
  4. Select Card recipient option.
    Revolut card recipient
  5. Check Available destinations to confirm.
  6. Choose between My card or Someone else’s.
  7. Next, enter the Card number and tap Continue.
  8. Enter the amount to send.
  9. Lastly, confirm the transaction with your PIN.

2. Revolut tag

With the Revolut tag, you could send money to a quickly Revolut account holder. Every Revolut account user has a unique tag same as you.

Here is how to send money to a Revolut user on your contact:

  1. Open Revolut app.
  2. Tap Transfer at the app bottom
  3. Next, tap the search box showing Name, @Revtag, phone, email.
    how to transfer money from revolut using Revtag
  4. Select the user from the list of Revolut friends
  5. Enter the amount to send.
  6. Lastly, confirm the transaction with your PIN.

Follow these steps to send money to a Revolut user not on your contact list:

  1. Open Revolut app.
  2. Tap Transfer at the app bottom
  3. Next, tap the search box showing Name, @Revtag, phone, email.
  4. Next, tap the Add new recipient.
  5. Enter the Name and Phone number.
  6. Enter the amount to send.
  7. Lastly, confirm the transaction with your PIN.

Alternatively, you could add the person’s phone number to your phone contact. This will display the user’s Revolut tag on the app.


Can you Withdraw Money from Revolut in UK?

There are 2 broad ways to withdraw money from your Revolut UK account. The first one is by using your Revolut physical card. Another option is through bank transfer.

You can withdraw cash from your Revolut UK account using a physical debit card. The debit card allows you to withdraw from ATMs both at home and abroad. With the card, you withdraw up to £200 or withdraw 5 times per month (whichever comes first) for free. But, you will pay a 2% fee on every withdrawal when you exceed this limit.

Likewise, you could withdraw money from Revolut account through a bank transfer. Here, you transfer the money to another bank account in the UK or other countries. This is another method of withdrawing from the Revolut account especially if you don’t have the physical card.


Can Someone Transfer Money to your Revolut Account

Since Revout works as a UK bank account, someone can transfer money to your Revolut account. Just as you transfer money to someone else bank account, you can receive money into your Revolut account.

In addition, you can use your Revolut account as your main account. For instance, you can use Revolut as your salary account.


Revolut Transfer to Bank Account limit

There is no transfer limit on the Revolut app except for a few cases.

Revolut transfer limit in British Pounds (GBP) to a UK bank account is as follows: £250,000 per transaction, £500,000 per day, and £1,000,000 per week. Also, note that sending up to £80,000 can raise a red flag to check for fraud. Of course, the money will be sent to the recipient once it is cleared.

Revolut international transfers limit varies by country. Although most countries do not have an amount limit, Japan and SEPA Zone countries place restrictions.

In Japan, the transfer limit is 1,000,000 Yen per transaction. While the transfer limit is €100,000 in SEPA Zone of EU countries.


Why Revolut can’t Send Money to Bank Account

The following may be the reason why you cannot send money from your Revolut account to a bank account:

  1. Insufficient Money: Obviously, you cannot send money from your Revolut account to a bank account if you have insufficient funds. If the issue is for international transfer, send a lesser amount to confirm.
  2. Unsupported Account: The account may be backlisted to receive transfers such as cryptocurrency. Also, it can be a wrong account number.

Conclusion

In summary, Revolut has different methods to transfer money from your account in the UK. Examples include a bank transfer, debit card, credit card and Revtag. You choose whichever one is more convenient.

I hope you find this information helpful.

Therefore, try it and let me know your experience by leaving a message in the comment section below.

About The Author

1 thought on “How to Transfer Money from Revolut UK to Bank Account & Others”

Leave a Comment

Your email address will not be published. Required fields are marked *