Transfering from abroad TO revolut


#1

Hi,

I have an Israeli bank account with New Israeli Shekels (NIS) and I want to transfer money to
my British bank account using Revolut. I have a premium account but I couldn’t find
information anywhere online about the fees/rates and process of doing this transfer.
the only information I found is about sending money from Revolut.

thanks,

Itay


#2

Hey Itay.

Thank you for contacting us.

Revolut does not charge a fee to top up your account via bank transfer. However, it is important to watch out for third-party fees:

Topping up from a UK bank in GBP is free. If your transfer is in EUR or CHF and your bank is using SEPA (Single Euro Payments Area) then a transfer to Revolut will cost the same as a domestic transfer. SEPA includes the 28 E.U. member states as well as Switzerland, Norway, Iceland, Liechtenstein, Monaco and San Marino. *If your transfer is in PLN, USD or any other currency then it will likely be sent via SWIFT. This means that your bank (and/or an intermediary bank) could charge you an international transfer fee.

With SWIFT transfers there are a few things to bear in mind:

Your bank is likely to charge a fee to make a SWIFT transfer to Revolut.
When your money is in transit, it may be processed by an intermediary bank. They may also deduct a handling fee.
The amount you receive in your Revolut account therefore may be less money than you sent.
Depending on which fee option (SHA, BEN, OUR, REM) you choose while doing a SWIFT transfer to Revolut, intermediary, originating bank and beneficiary bank (namely Lloyds) can apply a handling fee for that transfer.
As banks charge different amounts and are not always transparent, we cannot provide an accurate amount you would be charged.
If your top up is in a currency other than EUR, USD, GBP, PLN, CHF, SEK, NOK, DKK, RON, AUD, NZD, SGD, HKD, ILS, TRY, AED, CAD, HUF, INR, JPY, MAD, MXN, QAR, THB or ZAR your bank will convert the money using their exchange rate. This is unlikely to be the interbank rate, and you may also incur a currency-conversion fee.


#3

Thanks Andreas. I’ll give it a try and see how it goes.

Itay


#4

Hi Andreas,

I’ve been trying to use the ILS swift transfer but my Israeli bank account don’t allow me to transfer to the Swift account since it is not under my name (it has the revolut LTD details).

is topping up an option? can I top up in ILS instead of GBP/EUR ?

I’ve got recommendations to use Revolut to transfer money but I still have no idea how to do so.

Itay


#5

The rule is that you should top up in the currency that your bank account is held in. For example, if you have a UK bank account make sure you top up in GBP. If you don’t your bank will convert the money for you and charge a huge fee!

We currently support top-ups in 26 currencies - EUR, USD, GBP, PLN, CHF, SEK, NOK, DKK, RON, AUD, NZD, CZK, SGD, HKD, ILS, TRY, AED, CAD, HUF, INR, JPY, MAD, MXN, QAR, THB and ZAR. Once you have loaded your account, you can exchange between the currencies in the app; send free money transfers in 26 currencies to banks around the globe; or spend in 120 currencies with a Revolut card.

We’ll take care of the conversion for you when you use your Revolut card abroad. For example in you’re in Thailand, we’ll convert your GBP balance to THB automatically when you spend with your card.

Please note, if you are topping up via a bank transfer outside of the EU your bank may charge you a large international wire transfer fee as such transfer would go via SWIFT.