Revolut Premium review
- Key benefits
- Get a £20 welcome bonus when you spend your first £20 (T&Cs apply)
- Account fee
- £7.99 per month
- Interest (AER)
- 0% AER
- Overseas card transactions
- 0% Mon-Fri
Our verdict
Compare the Revolut Premium e-money account against Revolut Standard, to help you decide if it's worth the monthly fee.
The jury's still out on the value of the Premium account. It's hard to see where the value comes from unless you're regularly transferring or withdrawing large sums of money. You can get started by visiting Revolut's website and downloading the app.
If you're looking for a day-to-day option or a simple way to travel abroad and spend money cheaply, Revolut's Standard account is probably better for you. Read our in-depth review on it to find out more.
Pros
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Fee-free spending in the UK and abroad
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Purchase protection of up to £2,500 a year
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Worldwide emergency medical and dental cover
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Cashback paid on accommodation bookings across the world
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Option to earn interest on Savings Vaults
Cons
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A monthly fee applies
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Revolut isn’t covered the the Financial Services Compensation Scheme (FSCS)
Details
Product overview
| Incentive |  Get a £20 welcome bonus when you spend your first £20 (T&Cs apply). |
| Account fee | £7.99 per month |
| Minimum opening balance | £0 |
Fees
| Foreign cash currency fee in Europe | 0% Mon-Fri |
| Foreign cash currency fee in rest of world | 0% Mon-Fri |
| Foreign cash transaction fee in Europe | Free up to £400 per month |
| Foreign cash transaction fee in rest of world | Free up to £400 per month |
Overdraft information
| Arranged overdraft available |
Challenger banking brand Revolut has several digital e-money account plans to choose from, all with different price plans and features. In this review we take a look at the Revolut Premium package to see how it stacks up against the Standard ‘freemium’ experience.
Compare the differences between the different Revolut cards
What is Revolut Premium?
Premium is Revolut’s middle-tier plan. It’s not as pricey as Metal or Ultra, but it has more features and higher limits than the Standard or Plus plans.
Priced at £7.99 per month, it sits in the centre of Revolut’s other plans. Added benefits compared to the Standard or Plus include in-app chat customer support, discounts on international transfer fees, higher limits for fee-free withdrawals and more.
How does Revolut Premium work?
Revolut Premium works the same as Revolut’s other account plans. It has all the features of the Revolut Standard e-money account, plus some extras:
- 20% discount on international transfer fees.
- £400 of free ATM withdrawals per month.
- 2 Revolut <18 accounts with full access (for your children).
- Travel benefits including insurance, cashback on accommodation and discounted airport lounge access.
- No fair usage limit on fee free currency exchange.
- Savings Vaults at 3.00% AER interest.
- Personalised payments cards.
- Purchase protection up to £2,500 if your new purchase is accidentally damaged or stolen in the first year.
- 5 commission free stock trades every month.
Revolut Premium customer reviews
Overall, Revolut scores highly on review site Trustpilot, with a score of 4.2 out of 5 from more than 147,000 reviews (updated January 2024). This gives it a “Great” rating.
Reviews cover all of Revolut’s accounts, rather than the Premium account specifically. But reviewers commented on the “great money transfer services” and described it as “a breath of fresh air compared to conventional banking”.
Those reviewers who didn’t give Revolut a high score commented on problems opening their account.
On Google Play, Revolut scores 4.5 out of 5 from more than 2 million reviews (updated January 2024). On the App Store, it scores 4.7 out of 5 from more than 41,000 reviews (updated January 2024).
Banking scores
Finder scores, in blue, are based on our expert analysis. We also show reviews from users, where we've received more than 10, with a score in yellow. We gather more reviews from customers every year in Finder's customer satisfaction survey.
To find out more, read our full methodology.
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