A highly competitive free account offering strong digital features and multi‑currency tools, backed by full banking licenses.
SUMMARY
Revolut Standard is a digital “super app” offering essential banking tools, multi‑currency accounts, and budgeting features through a mobile‑first platform. It is designed for users who want a low‑cost, flexible way to manage daily spending and travel abroad without paying monthly fees.
Regulation / Licensing:
- Fully licensed bank in the UK (PRA & FCA)
- Fully licensed bank in the EU (Bank of Lithuania & ECB)
Deposit Protection:
- UK: FSCS protection up to £120,000
- EU: Lithuanian Deposit & Investment Insurance up to €100,000
KEY FEATURES
Multi‑Currency Accounts — Hold, exchange, and send money in 30+ currencies at competitive rates.
Budgeting & Analytics — Automatic categorisation, spending insights, and monthly budgeting tools.
Savings Pockets — Set aside money for bills or goals, with interest available in supported regions.
Revolut <18 — Create one linked account for a child or teen to teach money management.
Pros
- Cost‑Effective: No monthly subscription fee.
- Travel‑Friendly: Competitive weekday FX rates.
- High Security: Disposable virtual cards and instant notifications.
Cons
- Withdrawal Limits: Free ATM withdrawals capped at £200/€200 per month.
- Weekend FX Fees: 1% markup on weekend currency exchanges.
- Fair Usage Caps: 1% fee after £1,000/€1,000 monthly FX allowance.
FEES & COSTS
- Monthly Fee: £0 / €0
- ATM Withdrawals: Free up to £200/€200 or 5 withdrawals per month; 2% fee thereafter
- Currency Exchange:
- Weekdays: Free up to £1,000/€1,000
- Weekends: 1% markup
- Above monthly limit: 1% fee
- Card Delivery: Virtual card free; physical card delivery typically £4.99/€6.99
- International Transfers:
- Free to other Revolut users
- Local transfers to non‑Revolut accounts may incur small destination‑based fees
WHO IT’S BEST FOR
- Occasional Travelers: Low‑cost spending abroad with competitive FX rates.
- Budget‑Conscious Users: Ideal as a secondary account for daily spending control.
- Digital‑First Spenders: Perfect for users who prefer managing finances via mobile.
- Parents: Useful for introducing children to banking through Revolut <18.
RATING
Methodology
We are transparent. See our full scoring methodology by clicking here.
