Revolut International Wire Transfers: Fees, Limits, and Exchange Rates

Revolut is a UK-based digital banking app that allows users to send money internationally to over 140 countries from the US. You can send both small and large amounts in USD or 25+ other currencies. While convenient, it’s important to understand the nuances of international transfers, including fees, limits, and exchange rates. We’ll also introduce Panda Remit, a fast and cost-effective alternative for cross-border transfers.

1. Who Can Use Revolut in the US?

Revolut is fully accessible to US residents. Non-US citizens can also open accounts if they are legally residing in the US—no SSN or ITIN required, just a government-issued ID and valid visa. This makes Revolut useful for international students, H1B professionals, and other global workers who need to manage money across borders.

2. How to Make an International Transfer with Revolut

Revolut offers multiple ways to send money abroad:

1. Bank Transfer – Transfer funds to a bank account in 140+ countries by providing the recipient’s account number, BIC/SWIFT code, and other required details.

2. Revolut-to-Revolut Transfer – Send money instantly and fee-free to other Revolut users in 25+ currencies.

3. Payment Link – Create a link to request or send money. The recipient clicks the link and completes the transfer via bank, card, or Revolut balance.

4. Groups – Split bills or shared expenses with other Revolut users.

You can mix and match these options depending on your transfer needs.

3. Fees for Revolut International Transfers

• Bank Transfers to Non-Revolut Accounts – Up to 5% of the transfer amount or a fixed fee up to $10 (whichever is greater).

• Revolut-to-Revolut Transfers – Free of charge.

• External Fees – Intermediary banks may charge additional fees outside Revolut’s control.

The app shows the exact fee before you confirm a transfer, but final amounts may vary due to intermediary bank charges.

4. Exchange Rates

Revolut sets its own exchange rates, which may include a markup over the mid-market rate. Intermediary banks may also apply their own rates, potentially reducing the amount received. Always review the rate displayed in the app before confirming your transfer and consider comparing with other providers.

5. Transfer Times

• Bank Transfers – Typically 3–5 business days from the US, with potential delays due to intermediary banks.

• Revolut-to-Revolut Transfers – Nearly instant, often under 20 seconds.

Estimated delivery times are shown in the app before confirming.

6. Transfer Limits

Most currencies and countries have no preset maximums. Any limits are usually imposed by Revolut’s payment partners. Large transfers, such as tuition payments, may trigger additional security checks and take longer to arrive.

7. Information Required

Bank transfers require full recipient details (account number, BIC/SWIFT code, and bank name). Revolut-to-Revolut transfers or payment links only require minimal information—usually email or phone number.

8. Customer Support

Revolut provides support in over 100 languages via the in-app chat:

1. Open the Revolut app.

2. Tap your profile (top-left icon).

3. Select Help → Get more help.

4. Choose your topic to start chatting with an agent.

You can also browse Revolut’s help center for FAQs and transfer instructions.

9. A Fast, Affordable Alternative: Panda Remit

If your priority is low fees, fast delivery, and fully transparent transfers, Panda Remit is a great choice. Founded in 2018 and headquartered in Singapore, Panda Remit serves over 40 countries across Asia, Oceania, Europe, and North America.

Key features:

• Global Remittance – Send money quickly to a wide range of countries.

• Remittance to China & Outward from China – Specialized services for China transfers.

• Low, Transparent Fees – New users enjoy their first transfer free; subsequent transfers remain competitively priced.

• Fast Delivery – Transfers can take as little as 2 minutes; most arrive within 1–3 business days.

• Full Tracking – Real-time transfer updates via the Panda Remit app.

• Secure & Compliant – Licensed in multiple countries, with strong encryption and regulatory safeguards.

Panda Remit is backed by leading investors, including Sequoia Capital and Lightspeed Capital, and was selected for MasterCard’s Start Path program in 2020, reflecting its innovation and leadership in fintech.

10. Summary

Revolut is ideal if you need a full-featured digital bank for multi-currency management, investing, and spending. However, if your main goal is cheap, fast, and fully trackable international money transfers, Panda Remit offers clear advantages in cost, speed, transparency, and security.

Stay updated with Panda Remit on social media for daily exchange rates and exclusive offers:

• Instagram: @panda.remit

• Facebook: @PandaRemitWT