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Transferring money from Revolut to your bank account is easy and convenient. In this article, we’ll show you how to do exactly that and take a look at some of the benefits it offers. So if you’re looking for a way to send or receive money quickly and securely, read on!
Setting up a Revolut Account
If you’re looking to transfer money from your Revolut account to your bank account, there are a few things you’ll need to do first.
First, you’ll need to log into your Revolut account and go to the ‘Settings’ tab. From here, you’ll need to select the ‘Accounts’ option and then choose the account you want to transfer money to.
Once you’ve selected the account, you’ll need to enter the amount of money you want to transfer and then select the ‘Transfer’ button. You’ll then be asked to confirm the transaction by entering your Revolut PIN.
Once the transaction has been confirmed, the money will be transferred from your Revolut account to your bank account within a few minutes.
How to Transfer Money from Revolut to Bank Account?
Revolut is a digital banking platform that allows you to transfer money to bank accounts. To transfer money from your Revolut account to a bank account, you can use the following steps,
- Log in to your Revolut account and tap on the “Transfer” button.
- Select the “Bank transfer” option.
- Enter the recipient’s bank account information, including the IBAN, BIC, and account holder’s name.
- Enter the amount of money you want to transfer and choose the currency.
- Review the details of the transfer and tap on the “Confirm” button.
- Input your pin or use biometrics to confirm the transaction.
Please note that some banks may take a few business days to credit the funds to the recipient’s account, depending on their processing time. Additionally, Revolut may charge a fee for the transfer, so be sure to check the details before initiating the transfer.
It’s important to double-check the details of the bank account you are transferring the funds to, to ensure that the funds are going to the correct account.
Benefits of Transfering Money from Revolut to Bank Account
One of the great things about Revolut is that you can easily transfer money from your account to your bank account. This is a great feature if you need to quickly send money to someone or if you want to make sure that you have access to your funds in case of an emergency. Here are some of the benefits of transferring money from Revolut to your bank account,
1. You can send money instantly: When you transfer money from Revolut to your bank account, the recipient will usually receive the funds within a few minutes. This is much faster than sending a traditional bank transfer, which can take several days.
2. It’s free: There are no fees for transferring money from Revolut to your bank account. This is a great way to save money on international transfers, which can often be expensive.
3. You can use any currency: One of the great things about Revolut is that it supports over 150 currencies. This means that you can send money in any currency, and the recipient will receive the funds in their own currency. For example, if you live in Europe and want to send money to someone in the US, you can do so without having to worry about conversion rates.
4. You have more control over your finances: When you keep your money in a Revolut account, you have more control over it. For example, you can set up spending limits and freeze your card if it’s lost or stolen. This gives you peace of mind that your funds are secure.
Tips for Making International Payments with Revolut
When making international payments with Revolut, there are a few things to keep in mind. First, be sure to have the recipient’s account number and routing number handy. You will also need to know the currency exchange rate so you can send the correct amount of money. Finally, it is important to remember that Revolut does not support all currencies, so you may need to use a different service for certain countries.
Alternatives to Transferring Money from Revolut
There are a few different ways that you can transfer money from your Revolut account to your bank account. The first way is to simply use the Revolut app to send the funds to your bank account. This is the easiest and most straightforward way to do it, and it doesn’t require any additional fees.
Another way to transfer money from Revolut is to use a third-party service like TransferWise or CurrencyFair. These services allow you to send money from your Revolut account to their own accounts, and then they’ll send the money to your bank account. This can be a good option if you’re looking for a more competitive exchange rate, but it will usually incur some additional fees.
Finally, you can also transfer money from Revolut to your bank account by selling yourRevolut currency on an exchange like Kraken or Bittrex. This is a more complicated process than using a third-party service, but it can be a good option if you’re looking for the best possible exchange rate. Again, there will be some additional fees involved in this process.
Conclusion
We hope this article has helped you understand how to transfer money from your Revolut account to a bank account. Transferring funds is quick and easy, so now that you know the process, there’s no reason why you shouldn’t enjoy fast access to your funds whenever you need them. Plus, with the added security offered by Revolut transfers, it’s a win-win situation for everyone! So don’t wait any longer – start transferring money today!
FAQ on how to transfer money from revolut to bank account
1. Can you transfer from Revolut to your bank account?
Yes, you can transfer money from your Revolut account to your bank account. To do this, go to the ‘Transfer’ tab, select ‘Bank Transfer’, and follow the on-screen instructions.
2. How long does it take to transfer money from Revolut to bank account?
The time it takes for a transfer from Revolut to a bank account can vary depending on the country and bank involved. In general, transfers to European bank accounts are processed within one business day, while transfers to other countries can take up to three business days. However, in some cases, it may take longer due to additional security checks or other factors. It’s always best to check with Revolut or your bank for the most up-to-date information on transfer times.
3. Can I withdraw money from Revolut?
Yes, you can withdraw cash from Revolut in most countries. You can withdraw up to £400 per day in the UK, €400 per day in the Eurozone, and up to $500 per day in the US.
4. How much does Revolut charge for bank transfers?
- 2.5% for online payments.
- 1.5% for offline payments using the Card Reader.
5. Does Revolut work in UAE?
Yes, Revolut does work in the United Arab Emirates (UAE). The company has expanded its services in the region, allowing customers to open an account, hold multiple currencies, make international money transfers, and spend with a Revolut card. However, some features may not be available in UAE, such as the ATM withdrawal fee-free limit, and it’s always best to check with Revolut for the most up-to-date information on the services available in the UAE.
