This account serves as a practical bridge between the free tier and luxury plans, focusing on security for domestic spending rather than travel perks.
SUMMARY
Revolut Plus is a mid-tier paid digital banking account that adds insurance and support features to the basic banking experience. It is designed for everyday users who want extra protection for their purchases and faster customer service without a high monthly cost. The main benefit is the included insurance for theft or accidental damage on new items.
Main benefit: The main benefit is the ability to exchange unlimited amounts of money during the week with zero additional fees, alongside valuable travel insurance coverages.
Regulation / Licensing: Regulated by the Bank of Lithuania in the EU and the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) in the UK.
Deposit protection: Covered by the Lithuanian Deposit Guarantee Scheme up to €100,000 for EU users, and by the Financial Services Compensation Scheme (FSCS) up to £85,000 for eligible UK users.
Availability: Available in the EU, the UK, the US, and select global regions.
Official Site: Revolut
KEY FEATURES
- Purchase Protection: Insurance coverage for one year against theft or accidental damage for items bought with the account.
- Refund Protection: An extended 90-day window to return eligible purchases if a retailer will not take them back.
- Priority Support: Faster access to the customer service team through the in-app chat compared to the free tier.
- Revolut <18: Includes two accounts for children or teenagers with full parental management tools.
Pros
- Affordable monthly fee for added security.
- Comprehensive insurance for daily shopping and event tickets.
- Full bank account features with deposit protection in the EU.
Cons
- ATM withdrawal limits remain the same as the free account.
- No significant travel benefits like lounge access or medical insurance.
- Currency exchange limits still apply during weekdays.
FEES & COSTS
- Monthly Fee: €3.99 / £3.99 per month.
- ATM Fees: No fees for the first €200 (or equivalent) withdrawn per month; a 2% fee applies thereafter.
- FX Fees: No exchange fees on weekdays for the first €1,000 per month; a 1% fee applies on weekends.
- Card Delivery: The first “Plus” branded card is typically delivered at no extra cost.
WHO IT’S BEST FOR
- Frequent Shoppers: Users who buy electronics or expensive clothes and want peace of mind through insurance.
- Parents: Families looking to give children their own managed cards and spending apps.
- Budget-Conscious Users: People who want better support and protection without paying for the more expensive Premium or Metal tiers.
RATING
Methodology
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