Revolut offers lower cross-border fees, fee-free transactions

Revolut Singapore customers can enjoy a competitive rate in cross-border transactions.

While UK-based fintech firm Revolut will be charging its customers the mandatory remittance fees, it promises to make up for it with competitive rates.

In a statement, Revolut said its Standard and Premium plan customers will be charged a cross-border transaction fee of 0.3% of the amount transferred, with a minimum of $0.30 and a maximum of $9. This is lower than the $0.86 to $29.84 fees charged by its competitors.

“Revolut started as an alternative foreign exchange service to help customers save money on transfers and currency exchange rates. If you compare our updated fees and rates against those of
our competitors, you will find that we are still giving customers more for their money,” said Revolut Singapore CEO James Shanahan.

Meanwhile Revolut Metal plan customers will enjoy an unlimited number of fee-free cross-border transfers.

Premium plan customers get one fee-free cross-border transfer per month.

This new fee does not affect Revolut's standing as one of the most competitive providers of remittance services in the market.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia