How to Deposit Cash into Revolut UK: A Step-by-Step Guide

Introduction

Revolut is a popular digital banking app that offers a range of financial services, including currency exchange, cryptocurrency trading, and budgeting tools. While Revolut primarily operates online and through its mobile app, depositing cash into your Revolut account can be a bit different from traditional banks. In this guide, we'll explain how to deposit cash into your Revolut account in the UK.

Methods to Deposit Cash into Revolut

1. Bank Transfer

The most straightforward way to add cash to your Revolut account is through a bank transfer from another UK bank account.

Steps:

1. Open the Revolut App: Launch the Revolut app on your smartphone.
2. Go to 'Add Money': Tap on the 'Add Money' button on the home screen.
3. Select 'Bank Transfer': Choose the bank transfer option.
4. Get Your Account Details: Revolut will provide you with your unique account details, including your account number and sort code.
5. Initiate Transfer: Log in to your other bank's online banking platform or app.
6. Set Up Payment: Set up a new payment using the Revolut account details.
7. Enter Amount: Enter the amount you want to transfer.
8. Complete the Transfer: Confirm the transfer. The funds should appear in your Revolut account within a few hours to a few days, depending on your bank.

2. Using a Linked Debit Card

You can also top up your Revolut account using a linked debit card from another bank.

Steps:

1. Open the Revolut App: Launch the Revolut app on your smartphone.
2. Go to 'Add Money': Tap on the 'Add Money' button on the home screen.
3. Select 'Card': Choose the card option.
4. Link Your Debit Card: If you haven't already, link your debit card by entering the card details.
5. Enter Amount: Enter the amount you want to add to your Revolut account.
6. Confirm: Confirm the transaction. The money will be instantly added to your Revolut account.

3. Cash Deposit via Partner Locations

While Revolut does not directly accept cash deposits, you can deposit cash into a traditional bank account and then transfer the funds to your Revolut account. Alternatively, you can use third-party services like PayPoint or Payzone, which allow cash deposits into other bank accounts that can then be transferred to Revolut.

Steps:

1. Deposit Cash into Traditional Bank Account:
   • Visit a local branch of your bank or use a cash deposit machine to deposit cash into your traditional bank account.
2. Transfer Funds to Revolut:
   • Follow the bank transfer steps above to transfer the funds from your traditional bank account to your Revolut account.

Tips and Considerations

• Check Limits: Be aware of Revolut’s daily and monthly top-up limits, which may vary based on your account type and verification status.
• Verification: Ensure your Revolut account is fully verified to avoid any issues with receiving transfers.
• Fees: Revolut generally does not charge fees for receiving bank transfers, but check if your traditional bank charges for transfers.
• Timeframes: Bank transfers can take a few hours to a few days to process, so plan accordingly if you need immediate access to funds.

Conclusion

Depositing cash into your Revolut account in the UK involves a few extra steps compared to traditional banks, primarily using bank transfers or linked debit cards. While Revolut doesn’t directly accept cash deposits, you can easily work around this by depositing cash into a traditional bank account first. Fraser Bond is committed to helping you understand and navigate these processes smoothly. If you have any questions or need further assistance, don't hesitate to contact us.

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