Revolut has made it easier than ever to send and receive money internationally, providing a simple, secure, and cost-effective way to manage your finances. Whether you’re sending money to friends or paying for services, Revolut simplifies the process. This guide covers the step-by-step process of sending money using Revolut.
Step 1: Download and Set Up the App
To get started, download the Revolut app from the App Store or Google Play Store. Once the app is installed, create an account by providing your personal information such as your name, phone number, and email address. You will also need to verify your identity, which can be done by submitting a form of identification like a passport or driver’s license.
Step 2: Add Funds to Your Revolut Account
Before sending money, you need to fund your Revolut account. You can top up your account in the following ways:
- Debit/Credit Card: Link your debit or credit card for an instant top-up.
- Bank Transfer: Transfer funds from your bank account (this may take a few days).
- Other Payment Methods: You can also use payment methods like Apple Pay, Google Pay, or transfer from another Revolut account.
Step 3: Choose the Payment Method
Once your account is funded, open the app and navigate to the “Payments” section. From there, you can choose the payment method that suits your needs:
- Bank Transfer: Directly send money to another person’s bank account.
- Card Transfer: Send money to a debit or credit card.
- Payment Link: Create a link for the recipient to claim the funds, even if they don’t have a Revolut account.
Step 4: Enter Recipient Information
For a bank transfer, input the recipient’s bank account details, including their name, IBAN, SWIFT code (for international transfers), and the bank’s name. For card transfers or payment links, you will only need the recipient’s card details or mobile phone number.
Step 5: Specify the Amount and Currency
Next, enter the amount you want to send. Revolut supports over 30 currencies, allowing you to send money internationally. Choose the recipient’s currency, and Revolut will provide competitive exchange rates. This ensures that you get the best deal when transferring funds across borders.
Step 6: Review and Confirm the Transfer
Before confirming the transfer, review all the details: recipient information, transfer amount, and any applicable fees. Revolut will show you the exchange rate and any charges associated with the transaction. Once you verify the information, tap “Send” to complete the transfer. Depending on the transfer method, you may need to authenticate the transaction with a PIN or biometric verification.
Step 7: Transfer Completion and Notifications
Once the transfer is complete, both you and the recipient will receive notifications confirming the successful transaction. Local transfers are usually instant, while international transfers may take a few hours or up to a couple of days, depending on the destination and bank involved.
