Newbie, so please excuse if this has been answered elsewhere.
I’m trying to understand the concept of topup limits:
Currently my limit is £25k, the basic. Now, supposing I want to buy a house in France for the euro equivalent of £25k. (Cheap I know). I top up my GBP account with £25k (my limit) and convert it to xx€ Using Revolut. OK, I’ve used my annual limit.
I buy the house but then decide it’s a bad idea. The owner, being a kind French person, agrees to refund me my xx€ to my Revolut account. I convert that back to GBP.
What is my topup amount? Just the original 25K or is it now 50k (original 25k plus refund 25k)?
Th answer has significant impact on my potential return.