Revolut UK has revolutionised the way we handle our finances, offering a seamless and innovative banking experience. With its user-friendly app and extensive range of features, Revolut has become increasingly popular among individuals looking for hassle-free money management solutions. While many people are aware of the convenience of digital transfers, some may wonder how to deposit cash into Revolut in the UK.
In this blog post, we will guide you through the process step by step, ensuring that you can easily add funds to your Revolut account and take full advantage of this revolutionary banking platform. So, let’s dive in and unlock the secrets to depositing cash into Revolut in the UK!
What is Revolut UK?
Revolut UK is a financial technology company that offers digital banking services to individuals in the United Kingdom. It was founded in 2015 to revolutionise traditional banking and give customers greater control over their money.
Unlike traditional banks, Revolut operates entirely through its mobile app, allowing users to manage their finances directly from their smartphones. The app provides a wide range of features, including currency exchange at interbank rates, budgeting tools, instant spending notifications, and even cryptocurrency trading.
One of the key advantages of using Revolut is its ability to facilitate seamless international transactions without any hidden fees or unfavourable exchange rates. Whether you’re travelling abroad or transferring money to friends and family overseas, Revolut enables you to transfer funds quickly and securely.
Additionally, Revolut offers various account types tailored to different needs. These include Standard accounts for day-to-day banking, Premium accounts with added perks like travel insurance and lounge access, and Metal accounts for premium benefits such as dedicated customer support and cashback rewards.
How to Deposit Cash Into Revolut in the UK?
Revolut UK is a digital banking app offering a range of financial services, including depositing cash. If you’re wondering how to deposit cash into Revolut in the UK, I’ve got you covered!
To deposit cash into your Revolut account in the UK, you can follow these steps:
- Open the Revolut app on your mobile device and sign in to your account.
- Tap on the “Accounts” tab at the bottom of the screen, then select the currency you want to deposit cash into.
- Tap on the “Add Money” button and choose ” Bank Transfer ” on the next screen.”
- On the Bank Transfer page, you will find the details of your Revolut account, including the Bank account number and sort code. Make a note of these details.
- Visit a PayPoint location near you. Present your Revolut app to the cashier at a PayPoint location, who will scan the barcode displayed on your screen. You can then hand over the cash you wish to deposit, which will be added to your Revolut account.
It’s worth mentioning that there may be limits on the amount of cash you can deposit into your Revolut account. These limits are subject to change, so it’s advisable to refer to the Revolut website or contact their customer support for the most up-to-date information.
How Much Money Can You Deposit in Revolut?
Revolut UK offers a convenient way to manage your finances, and one of the questions many users have is: How much money can you deposit in Revolut?
The good news is that there are no limits on how much money you can deposit into your Revolut account. Whether you want to add a small amount for everyday expenses or transfer a larger sum for savings or investments, Revolut has got you covered.
Its user-friendly interface and seamless integration with various banks make it easy to deposit any amount into your Revolut account. Simply link your bank account and initiate the transfer through the app. The funds will be available in your Revolut balance in no time!
It’s important to note that while there are no restrictions on deposits, certain transaction limits may apply depending on your account type and verification level. These limits are put in place for security purposes and can be increased by upgrading to a premium plan.
So whether you’re looking to deposit pocket change or significant sums of money, rest assured that Revolut allows flexible deposits without any fixed limitations. Enjoy the freedom of managing your finances with ease!
Can I Use Revolut as a Bank Account?
Revolut is not a traditional bank but offers some banking services. While you can’t use Revolut as a full-fledged bank account in the UK, it does provide certain features that mimic those of a bank.
With Revolut, you get access to a personal IBAN number, which allows you to receive payments from other individuals or businesses. You can also make transfers and send money domestically and internationally using your Revolut account.
In addition, you can set up direct debits and standing orders with your Revolut account for regular bill payments or subscriptions. This feature gives you some flexibility and convenience, similar to what you would experience with a traditional bank account.
However, there are limitations when it comes to depositing cash into your Revolut account. Unlike most banks, where you can simply visit a branch or ATM to deposit physical cash, this isn’t possible with Revolut. Cash deposits are currently not supported by the platform.
While Revolut offers many functionalities typically associated with traditional banking services, such as sending payments and setting up direct debits, it falls short in terms of accepting physical cash deposits. So, if frequent cash handling is essential for your banking needs in the UK, then exploring alternative options might be necessary.
What Bank Does Revolut Use in the UK?
Revolut, the popular digital banking app, operates in the UK with a unique approach to banking. Unlike traditional banks that rely on a single institution for their services, Revolut partners with multiple banks to offer its customers a wide range of financial products and services.
So, what bank does Revolut use in the UK? Well, it doesn’t have just one banking partner. Instead, Revolut collaborates with several renowned banks, such as Lloyds Bank and Barclays, to provide its users with access to various financial offerings.
By working with multiple banks, Revolut ensures that its customers can enjoy the benefits of different banking systems and leverage competitive rates on foreign exchange transactions. This strategic partnership also enables Revolut users to deposit money into their accounts using familiar bank transfer methods.
In short, Revolut’s collaboration with prominent UK-based institutions allows them to offer comprehensive banking solutions while leveraging the strengths and expertise of these established financial entities. This unique approach sets Revolut apart from traditional banks and provides added convenience for its growing user base.
How to Add Money to Revolut UK From a Bank Account?
Adding money to your Revolut UK account from your bank account is a simple and straightforward process. Here’s how you can do it:
To add money to your Revolut account from a bank account in the UK, you can follow these steps:
- Open the Revolut app on your mobile device and sign in to your account.
- Tap on the “Accounts” tab at the bottom of the screen, then select the currency you want to add money to.
- Tap on the “Add Money” button and choose ” Bank Transfer ” on the next screen.”
- On the Bank Transfer page, you will find the details of your Revolut account, including the account number and sort code. Make a note of these details.
- Open your online banking app or website for the bank account from which you want to transfer money.
- Add a new recipient using the account number and sort code provided by Revolut. Enter your Revolut account details accurately to ensure the money is transferred to the correct account.
- Initiate a bank transfer from your bank account to the Revolut account.
- Depending on your bank, you may need to provide additional information, such as a reference number or a specific payment type. Follow the instructions provided by your bank.
- Check your Revolut app periodically to track the progress of the transfer. Depending on your bank’s processing time, it may take a few hours or up to several business days for the money to appear in your Revolut account.
Please note that Revolut may have certain limits or fees associated with adding money from a bank account. It’s always a good idea to check the Revolut website or contact their customer support for specific information regarding limits, fees, and processing times.
How to Add Money to Revolut Credit Card?
Adding money to your Revolut credit card is a simple and convenient process. By following these steps, you can easily top up your card and have funds available for all your spending needs.
- Open the Revolut app on your mobile device and sign in to your account
- Tap on the “Accounts” tab at the bottom of the screen, then select the currency you want to add money to
- Tap on the “Add Money” button, and on the next screen, choose the option “Debit or Credit Card”
- Enter your credit card details, including the card number, expiration date, CVV code, and billing address
- Specify the amount you want to add to your Revolut account
- Review the transaction details and confirm the payment
Please note that Revolut may charge a fee for adding money from a credit card, and there might be limits on the amount you can add.
It’s important to check the Revolut app or website for any specific instructions or limitations regarding adding money with a credit card, as these policies can vary based on your country and the terms set by Revolut.
Conclusion
In conclusion, depositing cash into Revolut in the UK is a simple and straightforward process. All you need to do is find your closest PayPoint store, bring along your cash and deposit it into your Revolut account. From there, you can simply use the funds as normal for making purchases or transferring money to other people’s accounts. With this guide, we hope that depositing cash into Revolut has become easier and more accessible than ever before!
