New user here wanted to share my experience at trying to raise my limit.
I have a UK address, UK bank account, UK phone number on my account
Initially setup the account and saw a 500GBP annual limit
Verified my personal details with passport (was a little concerned to do this!) and limit increased from 500->4K GBP. Given I’m going to be in Europe for several months 4k isn’t a realistic limit. I’d need at least closer to the 15k or 30k that other people have reported.
I verified my bank card
I made transfers to and from Revolut with both bank card and checking account
My annual limit has remained fixed at 4k and there is no option to submit supporting documentation to raise it.
I messaged Andreas but got a canned response as well as information from the FAQ which I’ve already read. “Let me clarify that the annual top up limit varies from account to account. Unfortunately for security reasons we cannot provide the specific details around how your top-up limits are calculated.”
My question is whether other people have had similar experiences with a raise of limit from 500->4,000 AFTER verification of personal information or whether it was much more and if they subsequently submitted savings account data what the annual limit was raised to?
I’d hate to have to go through the process of sending them further bank statements to simply find they raised my account from 4k-5k!
I’m getting frustrated with Revolut. The idea seems great but giving them my personal data without any transparency from their end seems more than a little one sided.