What's the cheapest way to transfer money internationally?

When you're trying to find the cheapest way to send money abroad, there are two types of costs you should keep an eye out for: currency exchange fees and transfer fees.

Currency exchange rates and fees

Sending money internationally often involves two different currencies: the currency you’re using to pay for the transfer and your recipient's currency. Before you send money in a currency that's different from your recipient's, check our exchange rate in-app. This shows you how much the amount you enter in your currency is worth in your recipient's currency. You may also pay a currency exchange fee, depending on your plan, the amount you're sending, and the time of your transfer.

• If your transfer amount is within your plan’s limit, you won't pay any additional currency exchange fees on weekdays.
• You'll pay a 1% fee on all currency exchanges during the weekend, regardless of your payment type or plan.
• If you're over your monthly exchange allowance, you'll pay an additional fair usage fee, depending on your plan (1% for the Standard plan and 0.5% for the Plus plan). There are no fair usage fees with our Premium, Metal, and Ultra plans.

Transfer fees

Depending on the transfer method you choose, you may also pay a small transfer fee. This is the amount we charge to process your transfer.

• Bank transfers

You won't pay any bank transfer fees when you send money within the SEPA region or within the UK. If you're sending money somewhere else, you'll see a small transfer fee calculated in real-time before you transfer. You'll get discounts on these fees with our Premium, Metal, and Ultra plans. External banks may charge non-Revolut transfer fees that we can't foresee.

• Card transfers

You'll pay a small card transfer fee when you send money to someone using their card details. The amount will depend on how much money you're transferring and where you're sending from.

• Revolut-to-Revolut transfers

You won't pay any transfer fees when you send money online to other Revolut accounts.

Check out our terms and policies for more information on your plan's fees.

While it may be tempting to choose the cheapest money transfer service out there, do your research and choose respected providers with proven security measures in place. At Revolut, we prioritise keeping your money transfers safe as well as affordable. We use two-factor authentication to make sure you're the only one who can log in to 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 full-stack security systems. Additionally, we use other security methods that vary depending on the Revolut entity you're registered to. Here's how you can learn more.

1. Open the Revolut app.
2. Click on your profile icon on the home screen.
3. Scroll to the bottom of the page and see which Revolut entity shows up.
4. Go to our Help Centre to read more on your Revolut entity and how we keep your money safe.

You can send money abroad quickly, safely, and affordably by checking all rates and fees in-app before you send. Here's how:

1. Download Revolut for free on your Android or iPhone, then sign up.
2. Add money to your Revolut account.
3. Select a transfer method, and enter your destination country, currency, and amount.
4. Check our exchange rates and fees in-app to choose the cheapest transfer option for you. You'll also see our estimated delivery times so you can make the most cost-effective choice depending on your needs.
5. Fill in your recipient's details.
6. Tap Send and stay up to date on the status of your transfer in-app.

After you send, you can cancel your transfer while it still shows up as pending, and you have the right to dispute transactions.

Here are our top tips to help you save money on your international transfers.

• Schedule your money transfers for weekdays. You won't pay any currency exchange fees during the week, so avoid making transfers on weekends if possible to save a bit more.
• Know your plan's fair usage limit. This is the amount you can exchange or transfer per month without paying currency exchange fees on weekdays. After you reach this limit, you'll pay a small exchange fee. Keep this in mind so you're not caught off guard.
• Upgrade your plan if you're sending transfers frequently. There are no fair usage limits for our Premium, Metal, and Ultra plans, so you might want to consider upgrading if you're planning on transferring larger amounts every month. You'll also get discounts on transfer fees with these plans. Compare our pricing to decide which plan will help you save more money.
• Check all rates and fees in-app before you send. We calculate these in real-time, so what you see is what you pay. Compare different transfer methods and choose the cheapest and most convenient one for you.
• Watch out for external bank fees. Your recipient's bank or intermediary banks may charge non-Revolut transfer fees that we can't predict. Do your research before sending to a bank account to avoid surprises.
• Save with Revolut-to-Revolut transfers. You won't pay any transfer fees when you send money to other Revolut customers.