Revolut costi money. But how much does it cost to use their service? Here’s a breakdown. For the basic version, there’s no cost. However, you have to pay for shipping of the card and the fee to use the ATMs. Those fees would have put Revolut in a loss otherwise. Thankfully, there are premium-variants available. One of them is the metal card. You’ll get access to concierge services and get cashback when you spend money through the card.
There Are Premium-variants Available
With both the TW and Revolut, you’ll need to set up an account. You’ll need to choose an account type and the currency you want to use. For example, you might use EUR, USD, or CAD. You can also withdraw money via ATM in your home country, but you might need to pay additional fees if you opt to use the currency conversion feature. It’s best to use the account for local currency exchanges.
Revolut also earns money through its Premium and Metal cards. While these cards come with a fee, these are minimal compared to the cost of cash withdrawals from traditional banks. These fees range from 1.95EUR to 5.00EUR. Revolut may have underestimated the demand for cash and are unable to absorb the costs. A more detailed breakdown of Revolut’s fees can be found here. If you’re considering using this service, here’s what to expect.