Whether you’re traveling to the United States for business, education, or pleasure, you’ll need to figure out the easiest and most economical way to pay for things while you’re there in US dollars.
You should find out if Revolut is available in the United States if you already have an account with them or are thinking about opening one.
Continue reading for a comprehensive guide that covers all the information you require to use Revolut in the United States.
Additionally, while you’re looking into spending solutions, be sure to visit Wise With the Wise card, you can make purchases in 175 countries using the local currency, and every time you make a purchase, your pounds are automatically converted at the going rate.
Understanding Revolut Account Limits
Revolut offers a convenient and versatile platform for managing your finances. However it’s crucial to understand the account limits associated with cash deposits and overall account balances. This guide will delve into these limits providing you with the information you need to manage your Revolut account effectively.
Cash Deposit Limits
When it comes to adding cash to your Revolut account you’ll encounter specific deposit limits:
Minimum Deposit: $20 per deposit
Maximum Deposit: $500 per deposit ($1000 at Walmart)
Time-Related Limits:
- Daily Limit: $1500 or 3 transactions
- 7-Day Rolling Limit: $3500 or 10 transactions
- 30-Day Rolling Limit: $5000 or 15 transactions
Exceeding Deposit Limits:
Deposits exceeding these limits will be declined. If you need to add more money, consider alternative top-up methods supported by Revolut.
Overall Account Balance Limits
While Revolut doesn’t impose a strict maximum balance limit, it’s essential to be aware of the following:
- Individual Transfer Limits: Individual transfers may have specific limits, depending on the sender’s bank or other factors.
- Annual Deposit Limit: Your account has an annual deposit limit encompassing all top-up methods, including incoming bank transfers, internal transfers from other Revolut customers, card top-ups, and top-ups by Apple Pay or Google Pay.
- Compliance Requirements: In rare instances, Revolut may request source of funds documents for large deposits to comply with anti-money laundering regulations.
Managing Your Revolut Account Limits
To ensure smooth account management and avoid exceeding limits, consider the following tips:
- Plan Your Cash Deposits: Plan your cash deposits to stay within the daily, weekly, and monthly limits.
- Utilize Alternative Top-Up Methods: If you need to add more money than the cash deposit limits allow, explore other top-up methods like bank transfers or card payments.
- Monitor Your Account Balance: Regularly check your account balance to stay within the annual deposit limit.
- Contact Revolut Support: If you have any questions or concerns regarding account limits, don’t hesitate to contact Revolut’s customer support for assistance.
By understanding Revolut’s cash deposit and account balance limits, you can effectively manage your finances and optimize your experience with the platform. Remember to plan your cash deposits, utilize alternative top-up methods when necessary, monitor your account balance, and reach out to Revolut support for any assistance you require.
How much does it cost to use a Revolut card in the USA?
There are additional fees associated with the Revolut card in addition to the monthly cost of the Revolut plan you have selected. Everything depends on where and when you use your American Express card.
| Transaction | Revolut fee³ |
|---|---|
| Additional merchant surcharge fees (for paying by card) | Set by the merchant (if applicable) |
| Currency exchange transactions above £1,000 | 0.5% |
| Currency exchanges on weekends | 1% |
| ATM withdrawals over £200 (or more than 5 withdrawals) | 2%⁴ |
There’s also the exchange rate to consider. Revolut employs the mid-market exchange rate; however, you should exercise caution when converting currency or making purchases in a currency other than the one linked to your Revolut account on the weekends, as there is a 1% fee.
Additionally, if you withdraw more than £200 from a US ATM or convert more than £1,000, you might be charged a fee.
Using your own money when making purchases is something else to be cautious of. The merchant may apply their own exchange rate to the transaction if you request to be charged in GBP1. There may be a markup added to this price, increasing the total cost of the purchase for you.
Is USD supported for spending?
US dollar purchases and ATM withdrawals are supported with the Revolut card.
When using your card in the USA, you will have two choices. The first is to convert money before you leave by exchanging GBP to USD in your Revolut account.
Instead, you can simply make a purchase and your card will automatically convert the amount to USD at the best rate available2.
How to Receive Money on Revolut (2024)
FAQ
Is there a limit on Revolut?
Is it safe to keep large amounts of money on Revolut?
How much can you put in a Revolut savings account?
What is the wallet limit for Revolut?
How much money can I transfer to Revolut?
There are no limits for adding money to your Revolut account by bank transfers. Additionally, your account has an annual deposit limit, which includes all methods, including internal transfers cards and Apple/Google Pay methods. Do I need to do anything to be able to receive a large transfer? You don’t need to do anything special.
How much money can I send with Revolut?
You can send up to £1,000 each month without exchange fees. You’ll see a 0.5% fee applied if exceeding this threshold, but you can upgrade to Revolut Premium or Revolut Metal to transfer unlimited funds globally, with no foreign exchange fees. Can I have 2 Revolut accounts? So, can you have two current accounts?
How do I transfer money to a Revolut account?
Transfer money to any bank account by filling in the person’s name, account number, and bank code Add a contact on your Revolut app with a phone number, email, or by scanning the QR code in their Revolut app Transfer money to any card by filling in the card number and recipient’s name
How do I send money to Revolut?
Top up your Revolut account via your card or bank account. Choose your currency and destination. Add the recipient’s details and tap ‘Send’. Not everyone offers the same exchange rate, so make sure you get the best one on your global transfer. We’ll always show you the Revolut exchange rate before you send money and display Revolut fees in-app.