%PDF-1.6%âãÏÓ25 0 obj<>endobj38 0 obj<>stream
FAQs
What is the Licence of Revolut Australia? ›
Revolut Australia is authorised by the Australian Securities & Investments Commission (ASIC) and holds an Australian Financial Services Licence (AFSL number 517589).
What is Revolut payments in Australia? ›Revolut Australia is part of the global Revolut group (Revolut), a financial technology group of companies offering financial services to both retail and business customers. Revolut was founded in 2015 in the UK.
Why is Revolut rejecting my payment? ›Check if the card is linked to a currency
If the card is linked to a currency account with a low balance, the payment will be declined even if you have enough money across your other accounts. To choose what currency your card spends from, select the card → tap 'Settings' → 'Spend from'.
We are authorised by the Australian Securities & Investments Commission and hold an Australian Financial Services Licence (AFSL number 517589). The electronic money in your Revolut Account is protected by a bank guarantee (the Bank Guarantee).
How do I verify my Revolut ID in Australia? ›Tap your profile icon in the top-left corner. Tap 'Account' Select 'Personal details' Tap 'Verify' in the top-right corner.
Is Revolut licensed in the US? ›In the US, Revolut submitted a draft application for a banking licence with the Federal Deposit Insurance Corporation (FDIC) in March 2021, the first step to applying for a full licence. However, it has yet to submit a formal application for an official US banking licence.
Why use Revolut instead of bank? ›Unlike traditional banks, we offer more than just the basic banking features: Send instant transfers to other friends using Revolut. Withdraw money without withdrawal fees (up to your plan's limit) Get 24/7 customer support, including weekends.
Is Revolut the same as PayPal? ›Revolut offers FX optimized debit cards, multi-currency receiving accounts with banking details, and international money transfers to bank accounts. PayPal offers customers to use their PayPal account balance or linking card or bank account to pay for goods and services online.
Is my money safe with Revolut Australia? ›Your balance is protected by a bank guarantee, issued by an Australian authorised deposit-taking institution.
How do I not get scammed on Revolut? ›Don't follow links in unsolicited emails or texts. Make sure to tap log out or sign out of websites. Pay attention when merchants ask you to pay by money transfer instead of card payment. If you receive a message from Revolut stating that the payee details don't match, pause the transaction and look into it.
Is Revolut a safe bank? ›
Protected funds
As an authorised financial institution compliant with Electronic Money Regulations, 100% of your main account balance is safeguarded.
Actions like making transactions, sending and receiving transfers, or withdrawing money might be temporarily unavailable. This is to prevent any unauthorised or potentially harmful activity within your account.
How does Revolut work in Australia? ›What is the Revolut card in Australia, and how does it work? The Revolut card is a prepaid card where users can top up their account and hold multiple currencies. The card can be issued as a Visa or a Mastercard and be used to shop online, send money abroad, make purchases when travelling, or simply hold currencies.
How do I contact Revolut Australia? ›- through the chat function in the Revolut Mobile App or via the website.
- by email at [email protected].
- by phone on +61 1300 281 208 (for lost or stolen cards)
Currently, it does not offer a full range of banking services such as an overdraft facility or the option to pay into your account using cash and cheques. And since Revolut is a digital-only provider, there are no physical branches if you favour in-person support.
Does Revolut have a license? ›The UK fintech giant will enter a 'mobilisation' period as it prepares to become a bank following the stamp of approval from UK regulators. Yesterday, London-based fintech giant Revolut finally secured a UK banking licence — more than three years after making its application.
What is the Australian equivalent of Revolut? ›Wise - an alternative to Revolut in Australia
If you're looking for a convenient, low-cost way to spend and even send money while abroad, check out Wise.
Revolut Australia's registered office is at Level 28, 161 Castlereagh Street, Sydney, NSW, 2000 Australia.
Who owns Revolut? ›Who owns Revolut? Revolut is still a privately owned company. The largest portion of Revolut is owned by co-founder and CEO Nik Storonsky, who has a 20% stake in the company. The next largest portion of share ownership is from Revolut's corporate investors, who own approximately 75% of the firm's stock.