Have you ever found yourself in a new city, needing cash fast, but unsure how your fintech app handles it? That’s where Revolut shines for users. Today, we’ll break down how to withdraw money from Revolut, covering everything from quick ATM pulls to seamless bank transfers.
Understanding Revolut’s Withdrawal Basics
Revolut has grown popular in the US for its modern banking features. It’s not a traditional bank, but it partners with one for FDIC insurance up to $250,000. This means your money is safe, and withdrawing it is straightforward if you know the ropes.
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Think about that time you landed in New York with just your phone and card. No stress, right? Revolut makes it possible with options tailored for everyday needs.
Why Choose Revolut for Withdrawals?
Revolut offers flexibility that old-school banks often lack. You can pull cash without hefty charges if you stay within limits. Plus, it’s app-based, so everything happens from your pocket.
Many users love it for travel or daily spending. But how does it stack up for pure cash access in the US?
ATM Withdrawals: The Fast Way to Get Cash
One of the simplest methods for Revolut ATM withdrawal is hitting up an ATM. It’s quick for small amounts when you’re on the go. Just ensure your card is ready.
Steps to Withdraw from an ATM with Revolut
Follow these easy steps to avoid hiccups:
- Open the Revolut app and tap the card icon in the top right.
- Select “Find ATMs nearby” to locate options around you.
- Check that cash withdrawals are enabled in your card settings.
- At the ATM, insert your physical card or use contactless if supported.
- Enter your PIN and the amount, then confirm.
Remember, virtual cards won’t work for contactless ATMs. Stick to physical ones or digital wallet versions.
Choosing the Right ATM to Minimize Fees
Not all ATMs are equal. In-network ones often mean no extra charges from Revolut. Out-of-network? You might face a 2% fee depending on your plan.
Look for Visa or Mastercard supported machines. The app’s map highlights fee-free spots, which is a game-changer.
Bank Transfers: Securely Move Funds to Your US Account
If you prefer not carrying cash, transfer money from Revolut to bank is ideal. It’s great for larger sums or paying bills directly.
Picture this: You’re settling rent and want to avoid ATM runs. A quick transfer gets it done without leaving home.
How to Set Up a Bank Transfer from Revolut
Getting started is simple. Here’s a step-by-step:
- Go to your Revolut home screen and hit the “Payments” tab.
- Tap “New” or the plus sign to add a recipient.
- Choose “Bank recipient” and enter details like account number and routing.
- Input the amount and confirm the transfer.
- For US banks, it often processes in 1-3 business days.
If sending to another Revolut user, it’s instant and free. No fees for local USD transfers within the US.
Linking Your Bank Account for Faster Access
First time? Link your US bank in the app under “Accounts.” Verify with a small deposit. Once set, transfers become effortless.
This method beats ATMs for big withdrawals, as there are no daily caps like cash pulls.
Fees and Limits: What to Watch Out For
Nobody likes surprises with money. Understanding Revolut withdrawal fees in US helps you plan better. Fees vary by plan and method.
For ATM pulls, Revolut doesn’t charge for in-network. But third-party ATMs might add their own, shown upfront.
Breaking Down the Costs
Here’s a quick table to compare:
| Plan Type | Free ATM Limit (Monthly) | Fee After Limit |
|---|---|---|
| Standard | Up to $400 equivalent | 2% |
| Premium | Up to $800 | 2% |
| Metal | Up to $1,200 | 2% |
New accounts have lower starters: $550 daily for first 120 days. Bank transfers? Usually free for domestic US moves.
Weekend currency exchanges might add 1% if pulling foreign cash, but in USD, it’s minimal.
Daily and Weekly Limits
Revolut cash withdrawal limits keep things secure. Daily max starts at $550, bumping to $1,500 after 120 days. Weekly is $1,050 initially.
Why limits? They protect against fraud. Check your app’s “Your plan” section for exacts.
Exceed them? The app blocks it, so monitor closely during trips.
Tips for Smooth Withdrawals
Want to make how to withdraw money from Revolut even easier? Here are some pro tips.
Notify Revolut of travel via app to avoid flags. Use secure Wi-Fi for transfers.
Avoiding Common Pitfalls
- Always know your PIN; reset it in-app if forgotten.
- For international ATMs, pick USD to dodge conversion fees.
- Split large withdrawals over days to stay under limits.
One user shared on forums how they hit a limit in Vegas. Lesson? Plan ahead.
Using Revolut’s Features for Better Control
Enable notifications for every transaction. It keeps you in the loop.
Pair with a digital wallet like Apple Pay for contactless pulls where available.
When Withdrawals Go Wrong: Troubleshooting
Ever had a declined ATM pull? It’s frustrating, but fixable.
Common reasons: Low balance, disabled withdrawals, or exceeded limits.
Quick Fixes for Declined Transactions
Check app settings first. If it’s a machine issue, try another.
Contact support via chat; they’re quick, especially on premium plans.
For transfers, double-check bank details. Typos cause delays.
Security Measures to Keep in Mind
Revolut’s fraud protection is top-notch. Freeze your card instantly if lost.
Use biometric logins for added safety. It’s peace of mind in busy US spots.
Now, let’s dive into some real-world scenarios. Say you’re at a festival needing cash for merch. ATM via Revolut? Done in minutes.
Or transferring to pay a friend back? Instant if they’re on Revolut too.
These options make banking feel modern and user-friendly.
Revolut also supports foreign currency withdrawals, but in the US, stick to USD for best rates.
If you’re new to fintech, Revolut eases the transition with intuitive tools.
Compare it to traditional banks: Fewer branches, but more freedom.
Users often praise the no-fee aspects for everyday use.
But always verify current terms, as they can update.
For deeper dives, check Revolut’s official help center (https://help.revolut.com/en-US/) or the FDIC site for insurance info (https://www.fdic.gov/).
These resources back up what we’ve covered.
Revolut’s growth in the US means more features coming, like expanded partnerships.
Stay updated via app notifications.
In short, mastering withdrawals boosts your financial flexibility.
Whether daily errands or vacations, it’s empowering.
FAQs: How to Withdraw Money from Revolut
Q. Is There a Fee for ATM Withdrawals with Revolut in the US?
A. Yes, but it depends. In-network ATMs are free up to your plan’s limit, then 2% applies. Third-party fees might show separately.
Q. Can I Withdraw Large Amounts from Revolut to My Bank?
A. Absolutely, bank transfers have no strict daily limits like ATMs. Just ensure your linked account is verified for smooth processing.
Q. What If My Revolut Card Is Declined at an ATM?
A. First, check your balance and settings in the app. If issues persist, it could be the ATM; try another or contact support.
Conclusion
How to withdraw money from Revolut boils down to choosing ATM for quick cash or transfers for security. With low fees and easy steps, it’s a smart choice for modern banking. Give it a try next time you need funds.
Disclaimer: This article is for informational purposes only and not financial advice. Always consult Revolut’s terms or a professional for your situation. Fees and limits can change; verify in-app.
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