Current account

To open a Revolut current account, you need to:

• download the Revolut app for iOS or Android
• be at least 18 years old
• be a legal resident of a supported country
• have a valid government-issued document for identity verification
• provide some personal details like your name, phone number, address, and a few others

Don't worry, we'll walk you through everything in-app. Ready to get started?

You can open and use a Revolut current account on our Standard plan with no set-up or maintenance fees. You can also upgrade to one of our paid plans for extra benefits and discounts.

You can have one Revolut current account. With so many sub-accounts to help you organise your money, one is all you need. Check these out in-app to take your current account a step further.

• Joint accounts: create a shared sub-account with another person to manage your money together
• Revolut Pro for freelancers: get a separate IBAN to run your business, plus add-on features like invoicing
• Revolut Kids & Teens: create sub-accounts for your kids, so they can learn to manage their money under your supervision
• Currency accounts: keep 36 in separate balances, with local account details that make it easy to send and receive money
• Pockets: create separate spaces to set aside money for different purposes and track your spending

It's like having multiple accounts, but better — because they're all in one place.

Heads up: fees may apply for certain features. Check out the latest pricing in-app.

We use two-factor authentication to make sure you're the only one who can log into your account, and we'll send you anti-fraud warnings in-app if we suspect that a transfer may be a scam. We also protect your personal data with our always-on security systems.

Additionally, we use other security methods that vary depending on the Revolut entity you're registered to.

Current accounts are main accounts designed for your day-to-day finances, helping you manage your income and handle all your everyday spending and payments in one place. You can use your current account to:

• organise your income: get your salary, pension, or other payments paid directly into your main account
• pay your monthly bills: set up your account to ensure your regular payments are always handled on time
• spend your way: use your physical or virtual debit card to pay for goods and services, whether you're shopping in-store or online
• access cash globally: withdraw money from ATMs whenever you need it, at home or abroad. Fees and limits may apply
• control your budget: use built-in tools to categorise your spending and keep your finances on track

The Revolut current account brings all these features together with real-time insights, allowing you to manage your everyday payments with total confidence.

Interest is payable according to your active Revolut subscription plan:

Standard Plan - 2.9% AER (variable)

Plus Plan - 2.9% AER (variable)

Premium Plan - 3.25% AER (variable)

Metal Plan - 3.4% AER (variable)

Ultra Plan - 4% AER (variable) on balances up to £200,000; 3.51% AER (variable) on balances above £200,000.

• Balances over £200,000: Weighted average applied based on 4% AER (variable) up to £200,000, and 3.51% AER (variable) for balances above £200,000.

Interest is calculated daily based on your aggregate end of day balance across all Instant Access Savings accounts. This interest is then paid by ClearBank the next calendar day on a gross basis (i.e. before tax).

Revolut may vary the interest rates up or down. In the event of a decrease in your active rate you will be given at least 14 days’ notice. For a full list of reasons for an interest rate change, see the “Can my interest rate change?” section within the Revolut Instant Access Savings (powered by ClearBank) Terms.

No notice will be provided in respect of changes to interest rates on changing your active Revolut subscription plan. You should confirm current interest rates (set out in the latest Summary Box published by Revolut here) prior to upgrading or downgrading your Revolut subscription plan.

Standard Plan - Based on an interest rate of 2.9% AER (variable), your balance would be £1,029.01.

Plus Plan - Based on an interest rate of 2.9% AER (variable), your balance would be £1,029.01.

Premium Plan - Based on an interest rate of 3.25% AER (variable), your balance would be £1,032.50.

Metal Plan - Based on an interest rate of 3.4% AER (variable), your balance would be £1,034.07.

Ultra Plan -

• £1,000 deposit: Based on an interest rate of 4% AER (variable), your balance would be £1,040.
• £250,000 deposit: Based on an interest rate of 4% AER (variable) on balances up to £200,000; and 3.51% AER (variable) for balances above £200,000, your balance would be £259,755.

This projection is provided for illustrative purposes only and does not consider your individual circumstances. It assumes:

• that £1,000 (or £250,000 for Ultra) is deposited in the account at the time it's opened, and that no further deposits or withdrawals are made.

• the interest rates do not change.

• you do not upgrade/downgrade your plan.

To be eligible to open an Instant Access Savings, you must be, and continue to be:

• a UK Revolut personal account customer who has successfully completed our Know Your Customer checks with no restrictions;

• at least 18 years of age;
• a UK tax resident (you must notify us promptly if your tax residency changes); and
• not a US person

You are only able to apply for and manage your Instant Access Savings via the Revolut app.

There is no minimum required balance to open an account. You can pay in any amount up to the maximum aggregate balance of £5,000,000 across all Instant Access Savings accounts.

Where you have a zero balance and have not held a positive balance for at least the previous three months, we may provide one month’s notice of our intention to close your account. In the event that you do not add money to your Instant Access Savings we may terminate your account following expiry of the notice.

You can access your funds at any time – without any restrictions – via the Revolut app. Payments are usually available to spend on your Revolut account immediately.

This Summary Box is provided as a summary of the key features of your Instant Access Savings, and is not intended as a substitute to reading the Revolut Instant Access Savings Terms (powered by ClearBank) available here and the ClearBank Instant Access Savings Terms & Conditions available here that apply to your account.

Instant Access Savings are powered by ClearBank. Revolut introduces you to, and works together with ClearBank, to provide you with Instant Access Savings. When you put money into your Instant Access Savings, this amount is deposited on your behalf directly within your Financial Services Compensation Scheme (FSCS) protected account held with ClearBank.

Depending on personal circumstances, you may have to pay tax on the interest to HM Revenue & Customs. Please seek professional tax advice if you are unsure about your tax position.

AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and compounded once each year.

All eligible deposits in accounts powered by ClearBank are added up when determining your level of Financial Services Compensation Scheme (FSCS) coverage. Compensation is limited to a maximum of £120,000 per person per bank.

You can find further information on coverage and eligibility under FSCS in ClearBank’s FSCS Information Sheet and list of exclusions accessible here. For more information about the compensation provided by the FSCS please visit the website.