Revolut UK Exchange Rates and Fees:
Standard Account (Mainly for Amounts Less Than £5,000 per Month)
Standard (free) account holders can convert funds within the Revolut account, send money overseas and spend via the international debit card at the interbank exchange rate with no fees, subject to a transfer limit of £5,000 per month (that’s 5,000 British pounds or equivalent).
The ability to exchange funds at the interbank rate (the rate at which financial institutions swap currencies with one another) allows for massive savings over money transfers handled by banks. In the majority of cases, users save between 2% and 4% of the transacted amount by exchanging money at the interbank rate.
The exceptions to the no-fee rule are transfers into Thai baht, Russian rubles and Ukrainian hryvnia, for which Revolut charges 1% of the transacted amount.
Weekend transactions are subject to either a 0.5% or 1% charge depending on the liquidity of the currencies in question. For the baht, ruble and hryvnia, the weekend charge will be in addition to the aforementioned charge, for a total of 2.0%.
Revolut transfers might be subject to wire fees where the receiving bank is outside the EU and where sent funds are not in euros, because these transfers are sent via SWIFT. Beneficiary banks might also charge fees for receiving funds (anywhere from £5-£30, or local currency equivalent), but this is out of Revolut’s hands.
If you are a Standard account holder, for each monthly billing cycle (this begins on the day you opened the account, not the 1st of every month), a charge of 0.5% will be incurred on the total exchanged amount that exceeds £5,000.
If, for example, £9,000 was sent to a German (euro) bank account at an exchange rate of €1.16, Revolut would levy a charge worth €23.2 (0.5% 4,000 1.16), or £20.
This means that customers likely to exceed the £5,000 limit should seriously consider signing up for a £6.99 p/m Premium account, which comes with unlimited currency exchange.
Revolut Travel Card Rates & Fees - Compared
The live Foreign Transfer comparison table on this page shows how much you could save on your next trip by using a Revolut card.
Premium and Metal Accounts (Mainly for Amounts Greater Than £5,000 per Month)
Customers likely to exchange more than £5,000 worth of currency per month should consider signing up for a £6.99 p/m Premium account, which comes with unlimited currency exchange. At £12.99 p/m, Metal accounts are also unlimited but are unnecessary for FX purposes (Metal account holders have Premium benefits plus cashback on card transactions).
Premium accounts come with many benefits, including priority customer service, and although you must sign up to a 12-month plan, paid monthly, this can be cancelled at any time by paying the £14 cancellation fee.
In the example of the pound-euro transaction, described under ‘Standard Account’ above, the month’s Premium payment of £6.99 would be easily offset by the £20 saving made from not paying the 0.5% transaction charge (most of the cancellation fee, if needed, is offset too). If you will regularly exceed the £5,000 monthly limit then the savings over time from being a Premium Revolut member are obvious—they are substantial.
With costs so low, we think that a Revolut Premium account offers tremendous value, though be aware that Premium account holders face the same weekend and illiquid-currency markups as Standard account holders.
Auto Currency Exchange:
With the Auto-Exchange feature, Revolut users can choose to convert their funds at improved exchange rates. Within the Revolut app, users can select a rate they’d prefer, and when (or if) the market reaches that level, Revolut will automatically convert funds at the same advantageous exchange rates described above.
Similar functionality has been offered before by payments specialists, but perhaps not so cheaply and conveniently as Revolut’s offering.
Sometimes known as “watch,” “firm” or “limit” orders, what Revolut offers is technically a “market if touched” order, which means that the achievement of an exchange rate will act as a trigger for a transaction; it is not a price guarantee. Since there is a slight delay between the trigger and the transaction taking place, transacted rates might differ from targeted ones when markets are moving rapidly. Revolut is aware of this and has added Auto-Exchange controls to ensure that customers do not change currencies at completely unexpected rates. If the exchange rate would differ by more than 0.75 percent from the targeted rate, Revolut will cancel the exchange and re-attempt the transaction if the market trades again at the targeted level.
By way of Revolut allowing users to configure targets that are both better and worse than current exchange rates (you can choose to sell a currency that has fallen in value or buy a currency after it has risen), Revolut has opened the door with this feature to currency speculation.
Users are allowed up to 30 automatic exchanges per day.
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
Revolut Send Money conversion rate for GBP to AED?
The Revolut GBP to AED exchange rate is 4.8852. This is -0.81% compared to the latest GBP-AED mid-market rate 4.9251.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
British pound (GBP) to United Arab Emirates dirham (AED) rates from different sources before making a conversion.
The above
Revolut - Sterling to United Arab Emirates dirham 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 GBP-AED mid-rate and the possible savings of using various providers.
How do Revolut GBP-AED rates compare between providers?
Looking at the full
GBP to AED - Send Money comparison table the provider with the best GBP to AED exchange rate is Wise at 4.903, -0.45% from the latest mid-market rate 4.9251.
The next best is OFX at 4.9005, -0.5% from the mid-rate.
Then XE at 4.8956, which is -0.6% from the mid-rate.
The Western Union rate is 4.8759 which is -1% from the mid-rate.
Among the banks the Lloyds Bank rate is 4.6551 at -5.5% the Royal Bank of Scotland rate is 4.6847 at -4.9% and the Barclays Bank rate is 4.7527 at -3.5% compared to the mid-rate 4.9251.
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.