Revolut is a London-founded fintech (2015) that has grown into a global financial super-app with over 70 million customers worldwide as of 2026. It offers multi-currency accounts, a debit card, international transfers, cryptocurrency and stock trading (in supported regions), savings products, and various other tools - all inside one mobile app.
The core appeal for many users, especially those who send money abroad or spend in foreign currencies, is access to competitive exchange rates (often near interbank or "real" rates) with transparent fees and low or no foreign transaction costs within plan allowances.
In Australia, Revolut operates as an e-money institution / virtual account provider. You can hold balances in multiple currencies, spend with the card, and send transfers internationally. It is not a full authorised deposit-taking institution (ADI) like the big four banks for all purposes, so customer protections and features differ from a traditional Australian bank account.
Main Products and Features
- Multi-currency accounts: Hold and exchange 30+ currencies.
- Card: Virtual and physical debit cards for spending (contactless, online, Apple/Google Pay). Freeze/unfreeze in app.
- Transfers: Send money to other Revolut users instantly in many cases; bank transfers to 160+ countries.
- Exchange: Competitive personal FX rates (with monthly allowances on free plans; markups on weekends or over limits).
- Other: Crypto, stocks/ETFs (availability varies), insurance-style add-ons, budgeting tools, and savings in some markets.
Recent growth has included expanded savings rates in certain regions and ongoing feature rollouts.
Global Reach and Users
70M+ customers globally. Available in many countries including Australia, UK, EEA, US, and others. The platform is particularly popular with travellers, expats, freelancers, and anyone who regularly deals with foreign currency.
Fees and the Referral Perks
Basic use is free with limits. Paid plans (Plus, Premium, Metal, Ultra etc.) unlock higher exchange allowances, better rates on some products, higher withdrawal limits, and extra features.
For new users, referral links (such as the one from Coupon CEO) often provide access to enhanced or "exclusive" exchange rates or other welcome perks on eligible activity. The specific link promotes sending money abroad at better rates.
Claim the Revolut offer - Use the current referral link. Perks are for eligible new users only and subject to terms, plan, and activity requirements.
Who It's Actually Good For
People who value transparent, competitive FX for personal transfers and overseas spending. Also useful as a secondary or travel card alongside a main Australian bank account. Less ideal if you need full banking services, guaranteed high-limit same-day domestic transfers, or complex business banking.
Disclaimer
Information is general in nature and current as of 2026 - always check Revolut's official site and your account for the latest fees, features, regional availability, rates, and terms. Coupon CEO may earn a commission on qualifying referrals at no extra cost to you. Exchange rates fluctuate. Not all features are available in every country. This is not financial advice. Offers apply to eligible new users only.
FAQ
How many customers does Revolut have?
Over 70 million globally as of recent 2026 figures.
What countries does Revolut operate in?
Available in many markets worldwide including Australia, UK, Europe, US and others. Specific features and regulations vary by country.
Are the exchange rates really better?
For personal amounts they are often significantly better than traditional banks (closer to the mid-market rate). Always compare the live rate shown in the app for your specific transfer.
What fees should I watch for?
Plan-dependent allowances for fee-free exchanges, weekend markups, and fees on certain transfer types or over limits. Paid plans raise the allowances.
Is Revolut a bank in Australia?
It provides e-money/virtual account services. Useful for multi-currency and international features, but many users keep their primary salary and everyday banking with a traditional Australian bank.
How does the referral work for new users?
Eligible new users signing up through the referral link may receive enhanced rates or other perks on qualifying activity (e.g. first transfers or exchanges). Confirm current terms when you sign up.
Can I use it just for travel?
Many people do - the card and multi-currency features are popular for overseas spending without typical foreign transaction fees (within allowances).
What if I need to send a very large amount?
Compare live with Revolut and specialist providers like Wise. For very large or time-sensitive transfers, other options or your bank may be more suitable depending on the corridor.
Want the current referral perks? Use the Revolut referral link for any available new user rates or benefits when sending money abroad. Claim the Revolut offer. Compare the actual rate before confirming any exchange or transfer. Terms apply.
