How Does Revolut Work?
Online banking options have offered a great alternative to the standard ways we have known to manage our finances. Revolut is one option that offers many advantages, such as having more than one currency on one card, the option to invest directly with their platform, whether you are trading in commodities or cryptocurrencies, many travel perks and even pet insurance. There are four plans to choose from, with the standard one being free of charge. Like other online banks, it is also a convenient way of sending money between fellow users and real-time exchange rates with international transfers. You can even ‘split the bill’ through the app. You can add money to your account by linking an account, using a card, or through transfers from other users. ..
Where Can I Deposit Cash?
If you are looking for ways to deposit cash into your Revolut account, the best option is to either add money with a card or add money through a bank transfer.
How to add money to your Revolut account?
This is a process that allows you to increase the power of your computer.
Please note that there is a small fee for this, and you will be notified before the transaction goes through. Credit-card top-ups will not be available after the 8th of July 2022.
To receive a transfer from your local bank account, you will need to find the account number and the routing number. The routing number is found on the bottom of your check or on your bank statement. To receive a transfer from an international bank account, you will need to find the account name and the SWIFT code. The SWIFT code can be found on your bank statement or on the website of your international bank. ..
To access your account, simply type in your account number and sort code into the online banking login box on the homepage. ..
If you’re looking for a local transfer option, make sure to check out the options available in your destination country. Local transfers are usually faster and cheaper than SWIFT transfers, so you’ll be able to get the job done quickly. Be sure to have the correct details for your desired currency when choosing a transfer method.
International – Transactions between countries are usually done through the SWIFT network.
Your SWIFT code can be found under the ‘account details’ tab in Revolut. There is also a SWIFT tab in the Revolut app which will provide you with your IBAN and BIC needed for anyone making an international transfer. Do not forget to also provide your (beneficiary) name. Some banks will ask for receipt bank details which can be found on the website. You should receive the payment within 3-5 working days.
- Log in to your account
- Click on the “My Account” tab
- Under “Linked Accounts,” click on the link to open your linked bank account
- Enter your bank account information and click “Save”
- You’re all set! ..
This will allow you to see your account details, balance, and transaction history all from the Revolut app. The app will also automatically allow you to budget your finances based on spending. You can revoke any linked account at any time, as well as add more than one account.
Log in to your Revolut account and click on the “Add Money” button.
Enter your bank account information and click on the “Add Money” button.
Your Revolut account will now be able to add money from your linked account!
Log into Revolut and open a new account.
Type in the following into the “Request Money” field:
Click on the “Submit Request” button.
Your request will be sent to the person you asked for money from and you will receive a receipt for your payment.
The contact you selected has a “R” next to their name, indicating they are a customer of the company.
If you want to make changes to a request you’ve submitted, like cancelling it, you can do so from your “Transactions” tab. These requests usually expire within 10 days and give you the option to make changes such as change the request’s deadline or add additional information. ..
Please contact us at support@revolut.com for assistance.
Revolut will provide you with a link containing the payment request. This payment can be made with a debit or credit card in the supported currencies.
There may be a small fee for this, which you will be notified about before the transaction takes place. ..
Conclusion
In a nutshell, Revolut doesn’t offer the option to simply deposit cash into your account, but it does offer convenient alternatives. If you have another bank account, Revolut offers substantive perks if you are a frequent traveller or want to invest. Though the obstacle of depositing cash can be substantial, its alternatives provide a swift remedy. Given the options, a Revolut account poses as a great ‘complementary’ or alternative account.
Google Pay and Apple Pay are two popular methods of paying with your smartphone. You can add money to your account through either service. ..
- Open your Revolut app and sign in
- Click on the “Payments” tab
- Scroll down and select your card issuer
- Click on the “Make a payment” button
If you have not already set up Google/Apple Pay on your device, you will be re-directed to do so.
Apple Watch users can make payments through the Apple Watch app by linking their bank account. ..
Yes, your salary can be deposited directly into your bank account. ..
If your currency is not supported by your employer, you can provide them with the details under your “Account details” for the currency you are paid in.
