Revolut Fees Australia Standard Plan
ATM withdrawals
Revolut Card ATM Withdrawal
- Free Up to A$350 per monthly billing cycle or 5 ATM withdrawals per monthly billing cycle, whichever occurs first
- 2% of the value of the ATM withdrawal for any amount over the Standard ATM Withdrawal Allowance. Subject to a minimum charge of A$1.50
Pay All Transfer Recipient's Fees feature
When sending an eligible international transfer you can choose the Pay All Fee feature (A$45 at the time of writing) to ensure the recipient receives the full amount you sent.
Fair Usage Limits
- The Standard Exchange Allowance for a Standard Customer is A$2,000 per monthly billing cycle. The Standard Exchange Allowance is a combined limit that includes all types of exchanges, including Cryptocurrencies and Precious Metals.
- For exchanges above the Standard Exchange Allowance, a 0.5% fee will apply in addition to the exchange specific fees listed above.
Currency Transfer Fees (March 2024)
For Revolut international payments in the local currency of the recipient country, like when you send USD to the USA, you will be charged a fixed percentage fee of the total transfer amount (subject to minimum and maximum fee caps).
Revolut Transfers Fees and Caps - Standard Plan (Popular Australian Currencies)
|
Recipient currency
|
Fee
|
Minimum fee, AUD
|
Maximum fee, AUD
|
|
CAD
|
0.30%
|
A$0.50
|
A$45.00
|
|
CHF
|
0.35%
|
A$0.50
|
A$45.00
|
|
EUR
|
0.30%
|
A$0.50
|
A$45.00
|
|
GBP
|
0.30%
|
A$0.50
|
A$45.00
|
|
HKD
|
0.35%
|
A$0.90
|
A$45.00
|
|
IDR
|
0.35%
|
A$0.50
|
A$895.00
|
|
INR
|
0.35%
|
A$0.50
|
A$895.00
|
|
JPY
|
0.40%
|
A$1.80
|
A$179.00
|
|
MYR
|
0.35%
|
A$0.50
|
A$895.00
|
|
NZD
|
0.30%
|
A$0.50
|
A$45.00
|
|
PHP
|
0.35%
|
A$0.90
|
A$895.00
|
|
SGD
|
0.30%
|
A$0.50
|
A$45.00
|
|
THB
|
0.40%
|
A$0.90
|
A$179.00
|
|
USD
|
0.30%
|
A$0.50
|
A$45.00
|
|
ZAR
|
0.50%
|
A$3.60
|
A$179.00
|
What Australian Customers Think about Revolut
Customers are discovering that Revolut is a Super Charged Travel Card; Shopping internationally is a breeze using Revolut’s multi-currency travel card which grants free overseas ATM withdrawals up to AU$350 per month (AU$700 for Premium accounts).
From Revolut’s multi-currency wallet, “Standard” account holders can send money to bank accounts around the world in 110 currencies at the interbank exchange rate — that’s an exchange rate without the usual markups — and without transaction fees, subject to a monthly transaction limit of AU$9,000.
For higher-value payments, Revolut offers a “Premium” account, costing AU$10.99 per month, for which no-fee international transfers are unlimited.
Since banks usually apply costs worth 3–5 percent on such transfers, money saved with Revolut and other cheap foreign transfer providers can be substantial.
From the Revolut app, users can make instant transfers to phone contacts, can target improved exchange rates using Auto Exchange and can receive card payments from non-Revolut users by way of payment links.
Perhaps the most disliked feature of Revolut is the customer support, which comes in the form of in-app text chat — Revolut offers no phone or email support, not even for business customers.
Revolut Customer Reviews
Revolut generally receives positive feedback from users, especially for its user-friendly app, competitive exchange rates, and low-cost international spending. Customers appreciate the ease of setting up an account, the ability to hold and exchange multiple currencies, and helpful budgeting features.
Pros highlighted in reviews:
- Intuitive and feature-rich mobile app
- Real-time spending notifications and analytics
- Competitive exchange rates and low fees on currency conversions
- Easy international money transfers
- Virtual and disposable cards for added security
Common complaints include:
- Slow or unresponsive customer support, especially on free plans
- Occasional account freezes due to security checks
- Fees for certain services (e.g. ATM withdrawals beyond limits or weekend FX markups)
Overall, Revolut is well-rated for day-to-day money management and travel, though users seeking traditional banking features or robust customer service may find limitations.
What is the
best Send Money conversion rate for AUD to ZAR?
The best AUD to ZAR exchange rate is 11.6 from OFX . This is -0.51% compared to the mid-market rate 11.66.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Australian dollar (AUD) to South African rand (ZAR) rates from different sources before making a conversion.
The above
Revolut - Aussie to Rand comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Revolut and other foreign exchange providers against the latest AUD-ZAR mid-rate and the possible savings of using various providers.
How do Revolut AUD-ZAR rates compare between providers?
Looking at the full
AUD to ZAR - Send Money comparison table the provider with the best AUD to ZAR exchange rate is OFX at 11.6, -0.51% from the latest mid-market rate 11.66.
The next best is XE at 11.59, -0.6% from the mid-rate.
Then Wise at 11.48, which is -1.5% from the mid-rate.
The Western Union rate is 11.48 which is -1.5% from the mid-rate.
Among the banks the Commonwealth Bank rate is 11.3 at -3.1% the ANZ Bank rate is 11.2 at -3.9% and the ING Bank rate is 10.78 at -7.5% compared to the mid-rate 11.66.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
like Revolut or platforms that offer rates closer to the mid-market rate.
