Move Money (Based on Balance) Automation Supplementary Terms
1. What is this document?
These terms and conditions apply to your use of “move money” (based on balance) automations within the Revolut app, and supplement your Personal Terms and any account specific terms that apply to your Revolut account. To the extent these terms conflict with the terms that apply to your account, they will take priority in respect of this feature.
2. Description of feature, how it can be set-up and withdrawn
In the Revolut app, you may have access to a feature allowing you to automate move money actions between your eligible Revolut accounts or sub-accounts (like Pockets) triggered by your account balance:
- “drops below” trigger: The balance of your chosen account drops below a defined amount, and you define a top-up amount. When this occurs, you instruct us to immediately top up the chosen account from your chosen source account. If the source account has insufficient funds, the transfer will simply fail and skip. If your balance stays below the set limit, making a subsequent payment from your account will trigger another top-up attempt.
- “exceeds” trigger: The balance of your chosen account exceeds a defined amount. When this occurs, you instruct us to immediately move the full amount of excess to your chosen destination account.
You must set up and confirm the automation settings within the Revolut app to authorise this standing instruction. You can also set daily, weekly or monthly value limits that apply to your automation to cap the total amount moved over time. For joint accounts, either account holder can set up an automation.
Where your source/destination account requires the payment to be processed through a nominated account, your instruction authorises us to execute a multi-step transfer through that intermediary account.
You may pause or cancel the instruction at any time for future trigger events via your in-app dashboard. Because these transfers are executed instantly the moment your balance crosses a trigger threshold, individual transfers cannot be cancelled or stopped once they have been initiated.
Currency Exchange
Where you set-up an automation involving currency exchange, you will see a preview of the exchange rate, estimated fees, and total estimated cost when you set these up. Currency markets are dynamic, the actual rate applied when your automation triggers may differ from the preview. The final transaction will include all applicable fees as set out in our Fees Pages, based on your Revolut subscription plan exchange limit, and the day the trade is executed, including:
- Weekend Fees: Applied to exchanges executed between 5pm Eastern Time (ET) Friday and 6pm ET Sunday.
- Fair Usage Fees: Applied if you exceed your plan’s monthly exchange limit.
You can view the exact exchange rate and final fees for any completed automation in your transaction history in the Revolut app.