Revolut Standard Price Plan Changes
Posted: Sun 23 Aug 2020 11:37 am
From tomorrow, 24th August, Revolut are reducing the amount that can be exchanged per month without charge from £5000 to £1000. There are other changes coming into effect, they should be visible under notifications on the app.
Here's the blurb :
Everyone on Revolut whose base currency is GBP can £1,000 of exchanges at this rate per rolling month. Standard customers who exchange more than this will begin paying a fair usage fee of 0.5% on any additional amount. A Standard customer is anyone who is not a Premium or Metal customer. Premium and Metal customers do not pay this fee.
This £1,000 is calculated across all types of exchanges, of all currencies (including cryptocurrencies) and precious metals, each monthly billing cycle (or, for Standard users, each monthly anniversary of your sign up date). This means it’s calculated as the total of all your exchanges in precious metals, cryptocurrencies and traditional currencies during cycle. For example, if you are a Standard customer and exchange £600 into EUR in the last week of one month, and then exchange £600 into Bitcoin in the first week of the next month, you will have exchanged £600 during the rolling month. This means you will be charged a fair usage fee of 0.5% on the additional £200. (Think they've made a mistake, do they mean you've exchanged £1200?)
We charge a fee of 1.0% for money currency and precious metal exchanges on weekends and bank holidays (in London) because exchange markets are generally closed and less currency and precious metals are traded during these times. You can avoid these fees by making your exchange on weekdays. We may charge this fee if these or other exchange markets are closed at other times too.
Here's the blurb :
Everyone on Revolut whose base currency is GBP can £1,000 of exchanges at this rate per rolling month. Standard customers who exchange more than this will begin paying a fair usage fee of 0.5% on any additional amount. A Standard customer is anyone who is not a Premium or Metal customer. Premium and Metal customers do not pay this fee.
This £1,000 is calculated across all types of exchanges, of all currencies (including cryptocurrencies) and precious metals, each monthly billing cycle (or, for Standard users, each monthly anniversary of your sign up date). This means it’s calculated as the total of all your exchanges in precious metals, cryptocurrencies and traditional currencies during cycle. For example, if you are a Standard customer and exchange £600 into EUR in the last week of one month, and then exchange £600 into Bitcoin in the first week of the next month, you will have exchanged £600 during the rolling month. This means you will be charged a fair usage fee of 0.5% on the additional £200. (Think they've made a mistake, do they mean you've exchanged £1200?)
We charge a fee of 1.0% for money currency and precious metal exchanges on weekends and bank holidays (in London) because exchange markets are generally closed and less currency and precious metals are traded during these times. You can avoid these fees by making your exchange on weekdays. We may charge this fee if these or other exchange markets are closed at other times too.