Effortless Withdrawals: A Complete Guide to Withdrawing Funds from Your Revolut Account

Revolut has revolutionized the way we manage our finances, offering a seamless platform for international money transfers, currency exchange, and everyday spending. But, just as crucial as depositing funds is knowing how to withdraw them when you need them. This guide will walk you through the various methods available for withdrawing money from your Revolut account, providing detailed steps for each.

Understanding Your Withdrawal Options

Before we dive into the how-to, let’s explore the main ways you can access your Revolut funds:

• Bank Transfer: The most common method, allowing you to transfer funds directly to your linked bank account.
• Card Transfer: In some cases, you may be able to transfer funds back to the card you used to top up your account. (Availability varies.)
• ATM Withdrawal: You can use your physical Revolut card to withdraw cash from ATMs worldwide. (Fees may apply.)

How to Withdraw Funds via Bank Transfer

This is the most popular way to withdraw from Revolut. Here’s a step-by-step guide:

1. Open the Revolut App: Launch the Revolut app on your smartphone and log into your account.
2. Select ‘Transfer’: Locate the ‘Transfer’ button on the main screen. It’s usually at the bottom, or you may need to find it within the ‘More’ or ‘Account’ section.
3. Choose ‘Send’: Select the ‘Send’ option, as you’re sending funds to your external bank account.
4. Select ‘Bank Account’: Choose ‘Bank Account’ as your destination method.
5. Select or Add a Recipient: If you’ve previously added your bank account as a recipient, select it from the list. Otherwise, tap on ‘Add a recipient’ and enter your bank account details. This includes:
   • Account Holder’s Name
   • Account Number (or IBAN for international transfers)
   • Sort Code (or BIC/SWIFT code for international transfers)
   • Bank Name
6. Enter Withdrawal Amount: Input the amount you wish to withdraw. Double-check the amount before proceeding.
7. Review Details: Carefully review all the details of the transaction. This includes the recipient information and the withdrawal amount.
8. Confirm Transfer: If everything looks correct, tap the ‘Send’ or ‘Transfer’ button. You may be asked to confirm the transaction using your passcode, fingerprint, or facial recognition.
9. Wait for Processing: Bank transfers usually take 1-3 business days to complete. The processing time can vary depending on your bank and location.

How to Withdraw Funds to a Card (If Available)

The option to withdraw to a card is not always available. It typically depends on how you initially funded your Revolut account. If you see this option, here are the steps:

1. Follow Steps 1-3 above.
2. Select ‘Card’: Choose the ‘Card’ option as your destination method.
3. Select a Card: Choose the card you want to send the money to. You can only choose cards from which you have previously added funds.
4. Enter the Withdrawal Amount.
5. Review and Confirm: Carefully review the details and confirm the transaction.

Card transfers are generally faster than bank transfers, often completing within a few hours, but times can vary.

How to Withdraw Funds from an ATM

Using your Revolut card at an ATM allows for quick access to physical cash. Here’s how:

1. Locate an ATM: Find a compatible ATM near you. Most ATMs that accept Mastercard or Visa (depending on your Revolut card) will work.
2. Insert Your Revolut Card: Place your card into the ATM, following the on-screen instructions.
3. Select ‘Withdrawal’: Choose the ‘Withdrawal’ option.
4. Select Account: If asked, select the ‘Current’ or ‘Checking’ account.
5. Enter the Withdrawal Amount: Input the amount of cash you wish to withdraw.
6. Confirm and Collect: Confirm the amount and collect your cash and card when prompted.

Important Note about ATM Withdrawals: Be aware of potential ATM fees charged by the ATM operator. Revolut provides some fee-free withdrawals per month, but exceeding this limit incurs a fee. Check your Revolut plan details for your specific withdrawal limits and fees.

Tips for Smooth Withdrawals

• Double-Check Details: Before confirming any transfer, meticulously review all the information to avoid errors.
• Be Aware of Fees: Understand your Revolut plan’s withdrawal limits and associated fees.
• Allow Processing Time: Bank transfers take time. Plan accordingly.
• Keep Contact Information Up-to-Date: Ensure your contact details are accurate in the app, as you might be asked to verify your withdrawal.

Conclusion

Withdrawing funds from your Revolut account is straightforward once you understand the different options and follow the steps. Whether you prefer bank transfers, card withdrawals, or ATM access, Revolut offers a flexible and convenient way to manage your finances. Remember to always double-check your details and be aware of potential fees to ensure a smooth and hassle-free experience.