Revolut offers 26 currency accounts. USD is one of them.
The account itself will not based in the US (for the purposes of claiming non-domicile tax status: Account jurisdiction other than UK? . I am not your lawyer, financial advisor or accountant. Contact a FCA/FINRA-authorised advisor if you are interested in such advice.), however.
Personal USD ACH/ACA addresses are not available yet.
Thanks, So basically when i do the Swift transfert, the amount doesn’t get converted to GBP. i Mean the Lloyds acount in the picture is actually an USD account, in that case i’ll pay only for the BoF fees (which is suprisigly 45$ !!!) for a wire transfert. Am i right?
Depends on the amount you’re transferring involved.
USD<–International transfer–>USD<–Conversion via Revolut–>GBP under certain circumstances may be significantly cheaper due to Revolut exchanging it at the spot interbank exchange rate (*Weekend surcharge, fee-free quota for non-Premium monthly transfers.), whereas legacy banks may give an uncompetitive FX rate + charge a commission on top of that, but it’s context-specific.
It’s a SWIFT thing. International transfers in the legacy world are, for some reason, quite expensive.
Hi did you manage to do the transfer? I am in the same situation and wasn’t unable to find the right details on the Bank of America wire transfer page (when I entered the IBAN the details of lloyds bank appeared instead of Revolut’s and the address was also different?!?) I need help to understand how to proceed…
Revolut works with UK regulated entities to provide our platform such as Paysafe Financial Services Limited who are authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FRN: 900015) for the issuing of electronic money and payment instruments, pursuant to a licence from MasterCard International. MasterCard is a registered trademark of MasterCard International.