Revolut Review 2026: UK Plans, Fees, FX Limits and Savings
- Suitable for: UK residents who travel, pay in other currencies or want a second app-based account. In this Revolut review I would start on Standard and treat paid plans as an upgrade; if you only spend in pounds, the paid plans rarely pay for themselves.
- Plans: Standard is free; Plus is £3.99, Premium £8.99, Metal £16.99 and Ultra £60 a month on Revolut’s UK pricing page (checked 25 October 2026).
- Free on Standard: £200 or 5 ATM withdrawals a month, then 2% (minimum £1); currency exchange up to £1,000 a month, then a 1% fair-usage fee; weekend exchanges add 1%.
- When Plus pays off: the £1,000 limit rises to £3,000 and the weekend fee halves to 0.5%. On fee savings alone you break even at roughly £1,400 exchanged a month.
- Savings and opening: variable rates of 2.9% AER on Standard and Plus, up to 4% AER on Ultra, FSCS £120,000 per person as Revolut words it; to open an account, download the app, sign up with your phone number and verify your identity there.
- Main catch: public reviews keep returning to account restrictions that lock funds for a while and slow support, so keep a second account for rent and salary.
What is Revolut, and who can open an account in the UK?
Revolut is a banking app: a current account with a debit card, currency exchange, savings, stocks and crypto in one place. For UK customers the account sits with Revolut Bank UK Ltd, which the UK account page describes as authorised by the Prudential Regulation Authority and regulated by the FCA and PRA (register number 981170). Crypto is a separate service from Revolut Ltd, a different company registered with the FCA to offer cryptocurrency services under the money-laundering rules.
You can open an account if you live in a country on Revolut’s official sign-up list:
- The UK and the European Economic Area
- Switzerland, the US, Australia, New Zealand, Singapore and Japan
- Brazil (Mexico is a waiting list only)
Plan prices differ by country: this guide uses the UK pages. If you live in the EEA, open Revolut’s country selector first, because euro prices and the bank entity are different there.
Older guides still call Revolut a prepaid card without a banking licence. That wording predates the bank entity shown on the official UK page above, so check the date of any review you rely on, including the pricing in it.
Revolut plans, fees and monthly cost in the UK
Prices below come from the UK pricing page and the standard fees page. Revolut changes plan prices from time to time, so treat any older figure in other guides with caution.
| Plan | Per month | Free ATM cash | Free exchange (Mon-Fri) | Weekend exchange fee | Savings (AER, variable) |
|---|---|---|---|---|---|
| Standard | Free | £200 or 5 withdrawals | £1,000, then 1% | 1% | 2.9% |
| Plus | £3.99 | £200 | £3,000, then 0.5% | 0.5% | 2.9% |
| Premium | £8.99 | £400 | No limit | None | 3.25% |
| Metal | £16.99 | £800 | No limit | None | 3.4% |
| Ultra | £60 | £2,000 | No limit | None | 4% up to £200,000 (3.51% above) |
After the free allowance, ATM withdrawals cost 2% with a £1 minimum. The exchange limit is shared across currencies, crypto and commodities, so a £300 crypto purchase uses up part of the same £1,000 on Standard.
Which plan is worth paying for?
Start from your own monthly numbers rather than the perks list. Say you exchange £1,500 into euros in one month on Standard: £500 is above the £1,000 limit, so the 1% fair-usage fee is £5. Plus would charge nothing extra on the same amount and costs £3.99, so it saves about £1. The break-even on fees alone is where 1% of everything above £1,000 equals £3.99, which is roughly £1,400 a month.
Weekends are the other trap. A £500 exchange on a Saturday on Standard adds 1%, so £5; on Plus it is £2.50; on Premium and above it is zero. If you often top up foreign currency at the weekend, that matters more than the monthly limit. The comparison also ignores the market spread shown in the app, which you should read before confirming any exchange.
- Standard: occasional foreign spending, one small exchange a month, a second account.
- Plus: regular exchange above £1,400 a month or frequent weekend exchange.
- Premium and above: only if you want unlimited exchange or the extras; check the perk list and cancel if you stop using them.
Cards, ATMs and adding money
Virtual cards are free. The first physical card is free but a delivery fee applies, shown in the app before you order; an extra card costs £5. Adding money by bank transfer in your home country is free, and a UK or EEA-issued card is free except for cash, per the fees page. Local payments and euro SEPA payments are free; other international payments show a fee in the app before you send.
If you want Revolut as your main account, the Current Account Switch Service can move your salary and payments across for free, according to the UK account page. Whether your employer, council or landlord accepts the new details is something to test with a small payment first.
Revolut savings: what the rates really are
Instant Access Savings opens from the app (Add new, then Savings) with no minimum deposit, as described on the savings page. The rates are variable and depend on your plan: 2.9% AER on Standard and Plus, 3.25% on Premium, 3.4% on Metal and 4% on Ultra up to £200,000. On £1,000, 4% would mean £1,040 after 12 months, but only if the rate stays put, and Ultra costs £60 a month.
Is Revolut safe? What the official pages say
Revolut’s safety page says accounts at the bank are protected by the FSCS up to £120,000 per person, and that savings held through ClearBank are also covered up to £120,000. The limit is shared across eligible deposits, and the full exclusion list sits with the FSCS and ClearBank, so read it before putting large sums in. This guide does not rate the bank beyond that official wording, and crypto, which runs through a different company, is not covered by that statement.
The downsides to plan for
- Account restrictions: a platform-generated summary of recent public reviews praises the app and FX but lists unexpected account restrictions that temporarily locked funds. Do not make it your only account.
- Support: independent UK reviews and the same summary keep flagging slow dispute and support handling. Chat is 24/7 but resolution times vary.
- Weekend and fair-usage fees: 1% on Standard is easy to miss because it sits on top of the exchange fee shown in the app.
How to open a Revolut account
- Check you live in a supported country and have your phone and ID ready; the app guides the ID check.
- Download the app and sign up for Revolut with your phone number, then confirm your identity in the app.
- Start on Standard and add money by bank transfer or card.
- Order a physical card only if you need cash; the virtual card works with Apple Pay and Google Pay straight away.
- Optionally open an Instant Access Savings pot, or start a CASS switch for your salary.
Revolut or Wise?
Revolut is the broader app; Wise is built around transfers and multi-currency balances. If you mainly send money abroad, the Wise vs Revolut comparison breaks down the cost by route. If you want to see Wise first, start with the Wise UK guide or the general Wise account explainer. Readers interested in crypto cards can compare options in our best crypto cards for the UK.
Frequently asked questions about Revolut
Is Revolut a real bank in the UK?
Revolut’s UK page says Revolut Bank UK Ltd is authorised by the PRA and regulated by the FCA and PRA (register number 981170). Crypto is offered by a separate company, Revolut Ltd.
How much does Revolut cost a month?
Standard is free. Plus is £3.99, Premium £8.99, Metal £16.99 and Ultra £60 a month on the UK pricing page.
Is Revolut worth it for UK residents?
The free Standard plan suits travel and occasional foreign payments. Paid plans only pay off if you exchange more than about £1,400 a month or often exchange at weekends, or use the extra perks.
Are my Revolut savings protected?
Revolut says savings held through ClearBank and your bank account are each covered by the FSCS up to £120,000 per eligible person. Check the FSCS and ClearBank exclusion lists.
What is the weekend exchange fee?
On the UK pricing page it is 1% on Standard and 0.5% on Plus; Premium, Metal and Ultra pay none.
Can I use Revolut outside the UK?
You can open an account if you live in a supported country such as the UK, the EEA or Brazil. Prices and the bank entity depend on that country, so use the pages for yours.
Affiliate disclosure: this article contains Revolut referral links. If you open an account through them you pay nothing extra and this website may receive a reward. All figures are from the official Revolut UK pages, checked 26 October 2026. Last updated: 26 October 2026.
