Revolut is a popular digital banking app that offers a wide range of financial services including easy-to-use deposit options. If you are wondering how to deposit money in Revolut, you have come to the right place. In this article, we will guide you through the steps to deposit money into your Revolut account.
To deposit money in Revolut, follow these simple steps:
1. Open your Revolut app on your mobile device.
2. Tap on the ‘Accounts’ tab at the bottom of the screen.
3. Select the account you want to deposit money into.
4. Tap on the ‘Add Money’ button.
5. Choose the currency you want to deposit.
6. Enter the amount you wish to deposit.
7. Select the funding source for your deposit (e.g., bank transfer, debit card, credit card).
8. Follow the on-screen instructions to complete the deposit.
That’s it! Your money should now be successfully deposited into your Revolut account and available for use.
FAQs about depositing money in Revolut:
1. Can I deposit money into my Revolut account using a credit card?
Yes, Revolut allows you to deposit money into your account using a credit card as a funding source.
2. What currencies can I deposit into my Revolut account?
You can deposit money into your Revolut account in over 28 different currencies including USD, EUR, GBP, and more.
3. Is there a fee for depositing money into my Revolut account?
Revolut may charge a small fee for certain types of deposits, such as credit card deposits or deposits in certain currencies. Be sure to check the fees section in the app for more information.
4. How long does it take for deposited money to appear in my Revolut account?
The time it takes for deposited money to appear in your Revolut account can vary depending on the funding source you used. Bank transfers may take 1-3 business days, while deposits using debit or credit cards are usually instant.
5. Can I set up recurring deposits in Revolut?
Yes, Revolut allows you to set up recurring deposits into your account. Simply navigate to the ‘Add Money’ section in the app and select the option to set up a recurring deposit.
6. Is there a limit on how much money I can deposit into my Revolut account?
Yes, there may be limits on how much money you can deposit into your Revolut account depending on your account type and verification status. Be sure to check the limits section in the app for more information.
7. Can I deposit cash into my Revolut account?
Unfortunately, Revolut does not support cash deposits at this time. You can only deposit money into your account electronically via bank transfer, debit card, or credit card.
8. Are there any restrictions on the source of funds I can deposit into my Revolut account?
Revolut may have restrictions on the source of funds you can deposit into your account to comply with anti-money laundering regulations. Be sure to adhere to Revolut’s policies and guidelines regarding deposit sources.
9. What happens if I deposit money in the wrong currency into my Revolut account?
If you accidentally deposit money in the wrong currency into your Revolut account, the funds will be converted into your account’s default currency at the prevailing exchange rate. Keep in mind that exchange rates and fees may apply.
10. Can I deposit cryptocurrencies into my Revolut account?
Revolut offers a crypto exchange feature, allowing you to buy, sell, and hold cryptocurrencies within the app. However, you cannot directly deposit cryptocurrencies into your Revolut account.
11. Is my deposited money safe in Revolut?
Revolut is authorized and regulated by the Financial Conduct Authority in the UK, meaning that your deposited money is protected up to a certain limit under the Financial Services Compensation Scheme (FSCS). Additionally, Revolut employs advanced security measures to safeguard your funds.
12. Can I access my deposited funds instantly in Revolut?
Once your deposit is successfully processed, you can access your deposited funds instantly in Revolut for various financial transactions such as spending, transferring, or exchanging currencies.