In this guide

  • Our verdict
  • Details
    • Product overview
    • Fees
  • Your reviews
Revolut Plus
Key benefits
Get a £20 welcome bonus when you spend your first £20 (T&Cs apply)
Account fee
£3.99 per month
Interest (AER)
0% AER
Overseas card transactions
0% Mon-Fri (max. £1,000 per month)

Our verdict

Revolut Plus is the latest account to be offered by digital banking brand Revolut. So how do the fees and features stack up?

Revolut Plus is an interesting play from Revolut, sitting in between its basic free Standard account and the higher priced Premium and Metal accounts. Some may argue that this is one price tier too far, as there are now four Revolut personal accounts to choose from. For others, the Plus plan might be just what they're looking for, as it provides some additional features for £3.99 per month, compared to the slightly eye-watering £14.99 per month for Metal (although you do of course get a concierge service and a cool metal card with that). You can get started by visiting Revolut's website and downloading the app.

This mid-priced Plus account comes with all the things you'd expect from a Revolut account, such as spending categorisation and free international payments, with the additional perks of purchase protection and interest-earning Savings Vaults. The price tag could tempt banking customers looking for their first step up from a free account.

Pros

  • Fee-free spending in the UK and abroad
  • Purchase protection of up to £1,000 a year
  • Option to earn interest on your Savings Vaults
  • Cashback paid on accommodation bookings across the world

Cons

  • A monthly fee applies
  • Revolut isn’t covered the the Financial Services Compensation Scheme (FSCS)

In this guide

  • Our verdict
  • Details
    • Product overview
    • Fees
  • Your reviews

Details

Product overview

Incentive
tag iconGet a £20 welcome bonus when you spend your first £20 (T&Cs apply).
Account fee £3.99 per month
Minimum opening balance £0

Fees

Foreign cash currency fee in Europe 0% Mon-Fri (max. £1,000 per month)
Foreign cash currency fee in rest of world 0% Mon-Fri (max. £1,000 per month)
Foreign cash transaction fee in Europe Free up to £200 per month
Foreign cash transaction fee in rest of world Free up to £200 per month

Challenger banking brand Revolut unveiled its Revolut Plus e-money account in December 2020, which offers more features than its free account, but at a price. We analyse what you get for your money and where Revolut Plus fits in among the other account plans that Revolut offers.

What is Revolut Plus and how much does it cost?

This tier of digital account sits alongside Revolut’s 4 other plans: Standard, Premium, Metal and Ultra.

What are the features of Revolut Plus?

The app-based Revolut Plus account comes with all the features of the Revolut Standard account, which include:

  • £200 of free ATM withdrawals per month (2% charge after that)
  • Free international payments in 29 currencies at the interbank exchange rate
  • Free spending on your Revolut card in the UK and abroad
  • No-fee currency exchange in 29 currencies (Monday – Friday)
  • Ability to hold a balance on the Revolut app in up to 29 currencies
  • Spending categorisation by type of transaction, merchant or country
  • “Group Bills” to split payments with friends
  • Ability to freeze your card and set spending limits
  • Option to open a Revolut <18 account (for your child)

And then these are the additional features that you get with Revolut Plus:

  • Purchase protection. Revolut says that you’ll be covered for up to £1,000 if your new purchase (e.g. a mobile phone) is accidentally damaged or stolen in the first year.
  • Enhanced refunds. Refunds of up to £300 on eligible purchases if your retailer won’t take back your items, and enjoy an extended returns window of 90 days.
  • Interest-paying “Savings Vault”. An interest rate of 2.39% AER is paid daily on money set aside in a Savings Vault. Learn more about saving with Revolut.
  • Personalised payments card. Order a prepaid card with a custom design to stand out from the crowd. You can even incorporate your own doodles.
  • Extra Revolut <18 features. You can unlock “Tasks” and “Goals” in your linked Revolut <18 account, to help your child learn the value of money.

Compare the differences between the different Revolut cards

1 - 5 of 5
Name Product Ratings Account fees Funding requirement Interest (AER) Arranged overdraft Incentive Representative example Link
EXCLUSIVE
Revolut Standard
Finder score
★★★★★
★★★★★
£0
No minimum funding requirement
0% AER

tag iconGet a £20 welcome bonus when you spend your first £20 (T&Cs apply).
Go to site
View details
EXCLUSIVE
Revolut Metal
Not yet rated
£14.99 per month
No minimum funding requirement
0% AER

tag iconGet a £20 welcome bonus when you spend your first £20 (T&Cs apply).
Account fee of £14.99 per month.
Go to site
View details
EXCLUSIVE
Revolut Plus
Not yet rated
£3.99 per month
No minimum funding requirement
0% AER
N/A
tag iconGet a £20 welcome bonus when you spend your first £20 (T&Cs apply).
Account fee of £3.99 per month.
Go to site
View details
EXCLUSIVE
Revolut Premium
Not yet rated
£7.99 per month
No minimum funding requirement
0% AER

tag iconGet a £20 welcome bonus when you spend your first £20 (T&Cs apply).
Account fee of £7.99 per month.
Go to site
View details
Revolut Ultra
Not yet rated
£55.00 per monthh
No minimum funding requirement
0% AER

Account fee of £55 per month.
View details
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How do I open a Revolut Plus account?

You’ll need to go to the App Store or Google Store (depending on whether you have an iPhone or Android phone), and then download the Revolut banking app. You can also sign up via the Revolut website, where if you enter your mobile number, you’ll be sent a link to download the app.

When you open a personal Revolut account, you can then select which price plan you want to sign up for. You’ll need to provide some contact details and a form of ID, although Revolut doesn’t conduct credit checks. Your physical card should reach you in the post within 5 working days.

Is Revolut Plus safe?

Revolut provides personal and business accounts in the UK and in many countries around the world, but it’s not actually a licensed bank in the UK. This means that your money is not specifically covered by the Financial Services Compensation Scheme (FSCS), which protects deposits of up to £85,000.

However, Revolut is authorised to operate as an electronic money institution, which means that it’s required to safeguard customers’ money in ring-fenced accounts at licensed UK banks. This means that in practice, if Revolut were to go bust, your money would be safely held elsewhere, separate from the company’s own finances.

Pros and cons of Revolut Plus

Pros

  • Includes all the features of the Revolut Standard account
  • Extra features such as £1,000 purchase protection
  • Option to earn interest on your Savings Vaults
  • The account is easy to open and set up, with no credit checks
  • Although it’s not free, it’s reasonably priced at £3.99 per month

Cons

  • A mid-range account isn’t for everyone – Revolut’s free Standard account might be sufficient, or you may need the more advanced features and perks of Premium or Metal
  • Revolut isn’t covered by the FSCS
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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