You can simply transfer money between accounts, regardless of whether those accounts are held with Revolut or with traditional financial institutions, using the popular digital banking platform known as Revolut.
If you already have a Revolut account and want to transfer money to your traditional bank account, the procedure is straightforward and can be completed in just a few easy steps.
Bear in mind that your IBAN number is visible in your web banking system of your “normal” bank. You may not see the option if your account is blocked, you may need to unblock your account to see the IBAN option.
What you need to do is to login to your web banking portal of your local bank, and go to settings or account information.
From there on you will have all details required.
On Revolut app you need to go to payments and add beneficiary. Selecet “to self” and add all mandatory options. Some optional details is ok to leave behind.
Once you set your standard bank details as beneficiary you cans send money from Revolut account to normal bank account.
Quite possibly will take a day or so to be visible and be able to withdraw them from an ATM etc.
I’ve done this to my INAN account here in the Czech Republic but get charged 1% from what they use as The Currency Cloud Limited from my bank for “outgoing and incoming payment”.
How To Transfer Money From Revolut To Bank Account
Following are the steps that need to be taken in order to transfer money from Revolut to a bank account:
Launch the Revolut app: To get started, you will need to launch the Revolut app on your mobile device, whether it’s a smartphone or a computer. You can get the application from the App Store or Google Play if you haven’t already downloaded it on your device.
Choose the username that you want: After you have logged into the application, choose the account that you wish to move money from. This could be either your Revolut account or a bank account that’s connected to Revolut.
Pick the appropriate amount: After that, select the total quantity that you wish to move. You have the choice of entering a specific amount, or choosing one of the preset options that are already there.
Choose the one who will receive it: After you have input the quantity, you will be prompted to choose the recipient of the gift. In order to complete a money transfer to a bank account, you will be required to provide the recipient’s identity as well as their bank details.
Confirm the move to the new location: Last but not least, you need to check the particulars of the transmission to make certain that everything is accurate. If everything seems to be in order, you can finish the transmission by clicking the “confirm” button.
It is important to be aware that there is a possibility of incurring costs when moving money from Revolut to a traditional bank account. These fees are subject to change depending on the total quantity you wish to transfer as well as the country in which you wish to send the money. Checking the fees that are affiliated with the transaction before initiating the transfer is a good idea in order to prevent any unpleasant surprises from occurring.
In addition to this, it is essential to check that you have sufficient funds available in your Revolut account to cover the cost of the transfer. Should you fail to do so, the transfer might not be completed, and you might be subject to a cost or a penalty.
Conclusion
To summarize, transferring money from Revolut to a bank account is a simple process that can be carried out in a brisk manner and in a hassle-free manner using the Revolut mobile software.
If you just follow the procedures that have been outlined for you, you will have your money transferred to the new account in no time. Always make sure to verify the details twice before committing to the transfer so that you can avoid making any mistakes or getting any surprises.
FAQ
How to send money from Revolut to Nigeria?
How long does it take for Revolut to transfer money to bank account?
Can I receive money from Revolut in Nigeria?
How do I send money from Revolut to another account?
To send money from Revolut to another account, you can follow these steps:
a. Open the Revolut app and select the ‘Payments’ tab.
b. Choose the recipient or add a new recipient by tapping on ‘Add New Recipient.’
c. Enter the recipient’s name and bank account details.
d. Choose the amount you want to send and review the details.
e. Confirm the transaction.
Transfer money from Revolut to bank account fee
Transfer money from Revolut to a bank account may be subject to a fee depending on several factors such as the country of the bank account, currency conversion rates, and the type of transfer. However, Revolut usually offers free transfers for certain currencies and account types.
Revolut transfer to bank account limit
The limit for a Revolut transfer to a bank account varies depending on several factors such as the recipient’s location, currency, and account type. Typically, Revolut has a daily transfer limit of £100,000 for individual accounts and £250,000 for business accounts.
Is it free to transfer money from Revolut to bank account
Whether or not it is free to transfer money from Revolut to a bank account depends on several factors such as the recipient’s location, currency, and account type. Revolut usually offers free transfers for certain currencies and account types.
Revolut transfer to UK bank account
Transferring money from Revolut to a UK bank account is straightforward. You can follow the steps mentioned in the previous answer to transfer money to a UK bank account.
Can someone transfer money to my Revolut account
Yes, someone can transfer money to your Revolut account. You will need to provide them with your Revolut account details such as your phone number or email address linked to your Revolut account.
How to transfer money from Revolut to Revolut
To transfer money from Revolut to Revolut, you can follow these steps: a. Open the Revolut app and select the ‘Payments’ tab. b. Choose the recipient or add a new recipient by tapping on ‘Add New Recipient.’ c. Enter the recipient’s name and their Revolut phone number or email address. d. Choose the amount you want to send and review the details. e. Confirm the transaction.
Revolut Bank details for international transfer
To receive international transfers to your Revolut account, you will need to provide the sender with your Revolut account details such as your name, IBAN, and SWIFT/BIC code.
Can Revolut send money to Nigeria
Yes, Revolut can send money to Nigeria. However, you may need to check with Revolut to ensure that transfers to Nigeria are possible, and there may be specific requirements or fees involved.
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