Revolut Charges Fees Related to Foreign Exchange

Revolut recently shared that they had crossed one million customers in Ireland; now the digital bank is being accused by some of acting like a regular bank as they increase fees on foreign exchange; they will now charge .5pc on transactions above €1,000 a month for those using the basic debit card account; currently customers can spend up to €6,000 a month without incurring fees with most currencies; according to Revolut only a small number of Irish customers will be impacted; those with premium and metal plans continue to get free exchange though these accounts have a monthly charge; the fee also will increase on weekends to 1pc and the new fees will also apply for foreign currency transfers; some customers have been confused by recent communications from the company and some experts warn that fee increases may become more common for the fintech.

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.