Plan Members Terms

1. Why this information is important

This document (the “Terms”) sets out the terms of use for the Plan Members feature. These Terms, together with the Personal Terms, the Paid Plan Terms, the Fees Pages and any other terms and conditions that apply to our services, form a legal agreement between:

• the customer (“you” or “your”), as either the:

- Revolut Paid Plan customer who adds another customer to their Paid Plan and pays the associated subscription fees both for themselves and for that other customer (in these Terms, we call this the “Manager”); or

- Revolut Personal customer who accepts an invitation from the Manager to enter into a Paid Plan as specified in such invitation (in these Terms, we call this the “Member”); and

• the Revolut entity that provides you with your Revolut Personal account, as specified in the Personal Terms you have entered into (“we”, “us”, “our” or “Revolut entity”).

If there is any inconsistency between these Terms and the Personal Terms, the Paid Plan Terms or the Fees Pages, these Terms will prevail for matters relating to the Plan Members feature.

2. What is the ‘Plan Members feature’?

The Plan Members feature is an optional add-on benefit available to Revolut Personal customers who subscribe to a Paid Plan.

It allows the Manager to purchase a Member slot in the Revolut app. This slot can be used to invite a Member to enter into a Paid Plan subscription, with the subscription fee paid by the Manager. The Manager and the Member will continue to have their own, distinct Revolut Personal accounts, which are separate and independent of each other. This means that benefits, features, allowances or account information are not shared between the Manager and the Member.

3. How does ‘Plan Members’ work?

The Manager sends to the Member an invitation via the Revolut app for any purchased Member slot that is not already occupied by another Member. Upon accepting the invitation, the Member agrees to these Terms, the Paid Plan Terms and the relevant Fees Pages detailed in the invitation. The Member expressly agrees that the subscription fees for such Paid Plan are initially paid by the Manager as a third-party benefit, but that the Member remains liable for subscription and early cancellation fees if the Plan Members benefit ceases.

The Manager pays a discounted subscription fee for the Member slot (in these Terms, we call this the “Manager Fee”). The Manager and the Member are each responsible for any additional fees incurred on their individual accounts. For more information on fees, please see our Fees Pages.

The Manager Fee becomes payable upon the purchase of the Member slot by the Manager. This constitutes a reservation of a Member hosting capacity, even if no Member has accepted an invitation. The Plan Members feature will continue to renew, and the Manager Fee will continue to be charged to the Manager, unless the Manager gives us notice to terminate this in the Revolut app. If a Member slot is unfilled, we will notify the Manager via email and/or in-app. If the slot is unfilled for 60 consecutive days, we will notify the Manager, automatically terminate the slot and issue a full refund for that period.

Eligibility and invitations

To be eligible as a Manager or a Member under these Terms, you must meet certain conditions.

As a Manager, you must:

• be a fully onboarded Revolut Personal customer;
• be resident in the same country, and serviced by the same Revolut entity, as the Member; and
• hold an active Paid Plan.

As a Member, you must:

• be a fully onboarded Revolut Personal customer;
• be resident in the same country, and serviced by the same Revolut entity, as the Manager; and
• be either on the Standard Plan or on the same or a lower Paid Plan tier as the Manager’s Paid Plan.

The Member will have 14 days to accept or reject an invitation from the time of receipt, after which it will expire and will no longer be valid. The Manager can rescind a pending invitation at any time within those 14 days.

The Manager can also remove the Member from the Plan Members feature at any time and send out a new invitation to another eligible Member of their choice.

We may limit how often the Manager can change a Member – for example, to a maximum of 3 Members per slot in any 12-month period. Only accepted invitations count towards this limit. These limits will be clearly displayed in the Revolut app.

If the Manager cancels within 14 days of activating the Plan Members feature, the Manager will receive a full refund of the Manager Fee charged. After this time, the Manager will receive:

• a full refund if the slot has never been filled; or
• a pro-rated refund if the slot has been filled at least once, calculated based on the unused portion of the current billing period.

Manager action

If the Manager:

• cancels the Plan Members feature;
• ceases to be a Revolut Personal customer or their account is locked or restricted; or
• removes the Member from their Plan Members feature,

the Member will automatically lose the benefit of the Manager paying the Manager Fee. If this happens, the Member will:

• receive a notification via email and/or in the Revolut app;
• continue to have free access to their Paid Plan for 14 days (we call this the “Notice Period”); and
• automatically be charged, once the Notice Period ends, for the Paid Plan they agreed to upon joining the Member slot, unless they opt out during the Notice Period.

This transition ensures that the Member maintains uninterrupted access to their existing plan benefits (such as travel insurance coverage). If, as the Member, you prefer to transition to the Standard Plan, please remember to opt out within the Notice Period.

Where the Member is automatically charged for their Paid Plan, the full subscription fees as detailed in the Fees Pages will apply instead of the Manager Fee previously paid by the Manager. The Member will have 14 days from the date of being charged the first Paid Plan fee to downgrade free of charge, after which standard break fees will apply, as detailed in the Paid Plan Terms. We will calculate any break fees applicable from the date that the Member accepts the Manager’s invitation.

If the Member cancels their Paid Plan subscription within 14 days of accepting the invitation or being charged the Paid Plan fee, they will still be charged early cancellation fees for cards or other services they have received for free (for example, if they have used our lounges service or eSIM data plans, where available) as regulated in the Paid Plan Terms. These fees will be shown in the Revolut app at the point of cancellation.

If the Manager downgrades or upgrades their Paid Plan, the Member will automatically receive a new invitation under the Plan Members feature for a respectively upgraded or downgraded Paid Plan. If the Member does not accept this invitation within 14 days:

• the Member will automatically be charged for the current Paid Plan they have; and
• the Manager will continue paying the Manager Fee for the Plan Members feature without an active Member as part of it. However, if a Member slot is unfilled, we will notify the Manager via email and/or in-app. If the slot is unfilled for 60 consecutive days, we will notify the Manager, automatically terminate the slot and issue a full refund for that period.

Member action

The Member may leave the Member slot at any time. If the Member chooses to do so, they must either downgrade to the Standard Plan or select a Paid Plan tier for which they will be directly charged.

If the Member downgrades to the Standard Plan or to a lower tier Paid Plan, early cancellation fees may apply in accordance with the Paid Plan Terms. Any such fees will be calculated from the date the Member accepted the Manager’s invitation.

If the Member leaves the Member slot or otherwise exits the Paid Plan provided through the Plan Members feature, then the Manager:

• will be notified via email and in the Revolut app;
• will continue to be charged the Manager Fee for the Member slot, which will remain active; and
• can invite another eligible Member to fill the vacant slot.

We may limit how often a Manager can replace a Member (for example, to a maximum of 3 Members per slot in any 12-month period). Only accepted invitations count towards this limit.

4. Billing and payment

Manager Fee

The below table outlines the monthly and annual fees for adding a Member to a Paid Plan.

If the Plan Members feature is activated during an existing billing cycle, the Manager will be charged a pro-rated fee for the remainder of that cycle. From the next billing cycle, the Manager will be charged the full Manager Fee amount as detailed above.

Existing Paid Plan Members

If the invited Member already has an active Paid Plan, they will receive a pro-rated refund for any unused portion of their current billing period when joining the Plan Members feature.

5. Legal bits and pieces

Changing these Terms

If we make any change to these Terms, we will give you at least 2 months’ notice before the change comes into effect. We will assume you are happy with the change unless you tell us that you want to cancel the Member slot (as a Manager), or leave the Member slot (as a Member) or close your account before the change takes effect.

The English version of the Terms applies

These Terms are published in English and Icelandic. The English version will prevail over the Icelandic version and will be used in any legal proceedings.

What law applies?

The laws of the Republic of Lithuania apply to these Terms and the agreement between you and us.

However, you may still rely on the mandatory consumer protection laws of the EEA country where you live. Legal action can be brought in the courts of the Republic of Lithuania or in the courts of any EU Member State where you reside.