Revolut Standard offers tremendous value for a free digital account, providing top-tier app usability and excellent multi-currency features, though users must be mindful of weekend exchange markups and low cash withdrawal limits.
SUMMARY
Revolut Standard is a digital, app-based current account offering multi-currency features and everyday banking tools.
It is designed for travelers, expats, and anyone looking for a low-cost digital app to manage their daily spending.
The main benefit is the ability to hold multiple currencies and exchange money fee-free during weekdays up to a set monthly limit.
It is regulated by the European Central Bank and the Bank of Lithuania for EEA users, and the Financial Conduct Authority (FCA) for UK users.
The product is available in the UK, EEA, Australia, Singapore, the US, and several other regions.
Eligible deposits are covered up to €100,000 by the Lithuanian Deposit Insurance Scheme (for EEA users onboarded to the bank entity).
For more details, visit the Revolut official site.
KEY FEATURES
Multi-currency account: Hold, receive, and exchange over 30 different currencies directly within the mobile app.
Budgeting and analytics: Track your daily spending automatically with built-in categorization and set monthly limits.
Pockets: Organize your money by setting aside funds for upcoming bills or specific saving goals.
Virtual cards: Generate digital cards instantly in the app to use for secure online shopping or with Apple Pay and Google Pay.
Pros
- No monthly maintenance fees
- Fee-free currency exchange on weekdays (up to a limit)
- Highly intuitive and feature-rich mobile app
Cons
- Customer support is primarily restricted to in-app chatmpetitive rates.
- 1% fee markup applied to all currency exchanges on weekends
- Low fee-free limit for ATM withdrawals (£200/€200 per month)
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
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