Revolut Premium review

Find out what you stand to gain with Revolut's Premium-tier account.

Revolut Premium is a fintech startup and online banking provider and its Premium account comes with a number of benefits. With Revolut Premium, you can benefit from unlimited free foreign currency transfers, budgeting tools, cryptocurrency and more.

Explore the fees and features of Revolut Premium to find out if it is the right account for you.

No reviews yet. Write a review

S$9.99

Monthly fee

0%

Currency conversion fee

Details

Product NameRevolut Premium
Monthly feeS$9.99
Card delivery4-6 working days
Supported CurrenciesSGD, AUD, CAD, EUR, GBP, HKD, JPY, NOK, NZD, SEK, THB, USD, CHF, PLN, DKK, CZK, AED, HUF, BGN, RON, ZAR, TRY, SAR, MXN, ILS, QAR
Go to site
More Info

How Revolut Premium works

Revolut is a digital banking app designed to disrupt the traditional banking industry. With Revolut Premium, you can enjoy the functionality of a multi-currency wallet, a competitive money changer, and a budgeting assistant all in one. To get started, simply download the Revolut app to your phone.

Key features

  • Multi-currency account. Your Revolut Premium account can effectively function as a multi-currency account, letting you carry your balance in 28 different currencies.
  • International money transfers. Enjoy free foreign currency conversions with your choice of 30 different currencies. All currency exchange rates are pegged to interbank rates, which are the same rates used internally in a bank, and there’s no limit to the number of transfers you can make.
  • International payments. Revolut works with Visa to enable payments internationally (wherever Visa payments are allowed). This allows you to pay both online or in-person at retailers worldwide.
  • Budget control. Revolut neatly categorises your expenditure according to various criteria, allowing you to make sure you know exactly what you are spending on. At the same time, their Vaults feature allows you to break your balance up for different goals, with monthly limits set to prevent you from going over-budget.
  • Premium debit card. The Revolut Premium card is available in three colours: Space Grey, Silver or Rose Gold.
  • Fee-free withdrawals from ATMs. You can withdraw cash for free at ATMs up to $700 per month.
  • SmartDelay. Enjoy complimentary lounge passes for you and one accompanying guest if your flight is delayed of more than an hour. With Revolut Premium, you also gain access to more than 1,000 airport lounges around the world. All you need is to get your boarding pass and present your QR code.
  • Insurance. Revolut Premium offers complimentary insurance coverage for emergency medical or dental treatment. You’ll also be compensated you for any baggage delays or for lost or damaged items.

Fees and limits

  • Monthly fee. There is a S$9.99 monthly fee for Premium.
  • ATM withdrawal fees. There’s a 2% when you withdraw more than $700 per month. Note that you currently cannot withdraw cash from ATMs in Singapore.
  • Currency conversion. You’ll be charged a 0% fee to convert currency.
  • Weekend markup. Watch out for 0.5% markup on major currencies and 1% on exchanges over the weekend.
  • Additional card fees. Premium users may request additional cards (first one free) for $9 each.

The verdict

If you travel frequently or transfer a lot of money abroad, this card may be worth considering. The included insurances are especially useful as they’re active constantly, so you won’t need to sign up for a new policy each time.

However, if you aren’t going to use the extra perks available then you may not get enough value from the card for the €7.99 monthly fee.

You can check out our in-depth review of all Revolut’s accounts, including Standard, here.

How to sign up

Download the Revolut app on your smartphone (available on both iOS and Android devices). Launch the app and begin the registration process:

  1. Download the Revolut app.
  2. Open the App and enter your phone number.
  3. Create a password.
  4. Enter the six-digit code you receive.
  5. Enter your first and last name, date of birth and address.
  6. Take a photo of your NRIC (front and back)
  7. Take a selfie
  8. Allow time for verification

Once verified, deposit at least $20 to your Revolut balance so you can proceed to request for a physical or virtual card.

Eligibility requirements

You are eligible for a Revolut card in Singapore as long as you’re above the age of 18.

Documents required

All you need is your NRIC or any other valid government ID on hand. Additionally, you will be asked to send a selfie for identity verification purposes.

Compare digital banks in Singapore

1 - 10 of 10
Name Product Mobile view Digital Banks Monthly fee Card delivery Supported currencies Mobile payments
Canvas Pre-paid Visa Card and App
  • Monthly fee

    S$2.99

  • Card delivery

    Up to 8 business days

  • Supported currencies

    1

  • Mobile payments

    S$2.99
    Up to 8 business days

    1

    N/A

    Finder special offer of 30 days free trial and $10 credit on each kid’s card upon activation.

    Manages your kids’ pocket money and domestic helpers’ access to household expenses digitally.
    Airwallex Digital Bank
    Airwallex Digital Bank
    • Monthly fee

      S$0

    • Card delivery

      N/A

    • Supported currencies

      10

    • Mobile payments

      S$0
      N/A

      10

      N/A
      YouTrip
      • Monthly fee

        S$0

      • Card delivery

        5-8 business days

      • Supported currencies

        10

      • Mobile payments

      S$0
      5-8 business days

      10

      Apple Pay, Google Pay

      Wise Multicurrency Account
      • Monthly fee

        S$0

      • Card delivery

        2 - 3 business days

      • Supported currencies

        8

      • Mobile payments

      S$0
      2 - 3 business days

      8

      Apple Pay, Google Pay
      Wise (formerly TransferWise) is an international account for over 50 currencies, with instant, super-cheap money transfer, a card to spend in any currency, bank details to get paid in 30 different countries and multi-currency direct debits.
      Revolut Standard
      • Monthly fee

        S$0

      • Card delivery

        4-6 working days

      • Supported currencies

        26

      • Mobile payments

      S$0
      4-6 working days

      26

      Apple Pay, Google Pay
      Enjoy no monthly fees, competitive currency conversion rates, and spend in over 150 currencies with Revolut’s Standard card.
      Revolut Premium
      • Monthly fee

        S$9.99

      • Card delivery

        4-6 working days

      • Supported currencies

        26

      • Mobile payments

      S$9.99
      4-6 working days

      26

      Apple Pay, Google Pay
      On top of standard Revolut perks, this debit card comes with unlimited spending and free overseas ATM withdrawals, up to $700 per month.
      Revolut Metal
      • Monthly fee

        S$19.99

      • Card delivery

        4-6 working days

      • Supported currencies

        26

      • Mobile payments

      S$19.99
      4-6 working days

      26

      Apple Pay, Google Pay
      An exclusive premium contactless card that allows for unlimited currency exchanges, a free Lounge Pass, and 1% cashback on expenses.
      Trust Bank card
      • Monthly fee

        S$0

      • Card delivery

        2-5 working days

      • Supported currencies

        1

      • Mobile payments

      S$0
      2-5 working days

      1

      Apple Pay, Google Pay
      Unlock a world of rewards and earn up to 1.4% p.a. interest on your deposits when you bank with Trust.
      BigPay
      • Monthly fee

        S$0

      • Card delivery

        5-7 business days

      • Supported currencies

        1

      • Mobile payments

      S$0
      5-7 business days

      1

      Apple Pay, Google Pay
      Transact globally at minimal cost plus earn rewards with this e-wallet app and prepaid Mastercard.
      Amaze by Instarem
      • Monthly fee

        S$0

      • Card delivery

        7 to 14 business days

      • Supported currencies

        9

      • Mobile payments

        S$0
        7 to 14 business days

        9

        N/A
        Manage expenses on multiple cards and earn 1% cashback on all purchases with this one-stop payments card.
        loading

        Frequently asked questions

        Ask Finder

        You are about to post a question on finder.com:

        • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
        • finder.com is a financial comparison and information service, not a bank or product provider
        • We cannot provide you with personal advice or recommendations
        • Your answer might already be waiting – check previous questions below to see if yours has already been asked

        Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Privacy Policy.

        This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
        Go to site