1. What is a verified Revolut account?
A verified Revolut account is one that has completed the verification process required by Revolut, which includes validating the identity of the account holder and ensuring compliance with financial regulations. This verification allows users to access all of Revolut's features, including sending and receiving money, currency exchange, and more.
2. Why should I buy a verified Revolut account?
Buying a verified Revolut account allows you to skip the verification process and start using the platform immediately. This is particularly useful for individuals who need to send or receive money quickly and securely, or use Revolut's multi-currency features without waiting for the verification process.
3. What benefits do I get with a verified Revolut account?
A verified Revolut account provides a range of benefits, including access to free and fast international transfers, currency exchange at the real exchange rate, a multi-currency wallet, virtual and physical debit cards, and more. You also get the added benefit of enhanced security and access to premium services.
4. Can I use a verified Revolut account for international payments?
Yes, a verified Revolut account is perfect for making international payments. Revolut offers global transfers, allowing you to send money to over 30 countries in multiple currencies with competitive exchange rates and low fees.
5. How does Revolut compare to traditional banks for international transfers?
Revolut typically offers lower fees, better exchange rates, and faster transfers than traditional banks. Unlike traditional banks, Revolut operates as an online platform, providing instant money transfers without the need for long processing times or high fees.
6. How do I send money with a verified Revolut account?
Sending money with Revolut is simple. Just log in to your account, enter the recipient's details (name, email, or phone number), specify the amount, and choose the currency. Once you confirm the details, the money will be transferred instantly or within minutes, depending on the currencies involved.
7. Are there any fees for using a verified Revolut account?
Revolut offers free transfers between users of the platform and low fees for international transfers, depending on the service plan you choose (Standard, Plus, Premium, or Metal). The fees vary based on the currency, payment method, and transfer speed.
8. What is the maximum amount I can send with a verified Revolut account?
The maximum amount you can send with a verified Revolut account depends on your account level. For most users, there are generous limits that support significant transactions. However, larger amounts may require additional verification steps, particularly for business accounts.
9. Can I hold multiple currencies in a verified Revolut account?
Yes, one of the major advantages of a verified Revolut account is the ability to hold and manage multiple currencies in a single account. Revolut supports over 30 currencies, allowing you to send and receive payments across borders without conversion fees.
10. Can I use a verified Revolut account to make online purchases?
Yes, with a verified Revolut account, you can make purchases both online and in-store using your virtual or physical Revolut debit card. Revolut also allows you to set spending limits, track your expenses, and get instant notifications on transactions.
11. How can I withdraw money from a verified Revolut account?
You can withdraw money from your Revolut account to any linked bank account or use your Revolut debit card to withdraw cash at ATMs worldwide. The fees for ATM withdrawals may vary depending on your account plan and location.
12. Can I receive international payments with a verified Revolut account?
Yes, verified Revolut account holders can receive international payments in different currencies. The platform offers IBANs for SEPA transfers and local account details for receiving payments in USD, EUR, GBP, and other major currencies.
13. Is my money safe in a verified Revolut account?
Yes, Revolut uses high-level security measures to protect your funds and personal data. It is regulated by the Financial Conduct Authority (FCA) in the UK, and funds are protected under the Financial Services Compensation Scheme (FSCS) up to a certain limit.
14. How do I verify my Revolut account?
If you're buying a verified Revolut account, it is already fully verified. However, if you are setting up a new account, you will need to provide identification documents (such as a passport or driver’s license) and undergo a video verification process to complete the process.
15. Can I use Revolut for business purposes?
Yes, Revolut offers business accounts that provide additional features such as multi-user access, the ability to create and manage invoices, and integrations with accounting software. Verified business accounts can be used to send and receive payments globally, just like personal accounts.
16. Does a verified Revolut account allow me to exchange currencies?
Yes, with a verified Revolut account, you can exchange currencies at the real exchange rate with no hidden fees. Revolut allows you to exchange more than 30 currencies and hold multiple currencies in your account for seamless global transactions.
17. How do I top up my verified Revolut account?
You can top up your verified Revolut account using various methods, including bank transfers, debit or credit cards, Apple Pay, and Google Pay. Top-ups are typically instant, depending on the method used.
18. Can I use a verified Revolut account for savings and investments?
Revolut offers several features for managing savings and investments, including the ability to set up savings vaults for goals and investing in stocks, crypto, and commodities. These features are available for verified users on certain plans, such as Premium and Metal accounts.
19. Can I use a verified Revolut account to pay bills?
Yes, with a verified Revolut account, you can pay bills in various currencies, including utility bills, subscriptions, and other regular payments. Revolut also offers a "Bill Splitting" feature that allows you to easily divide expenses with friends.
20. Why should I choose a verified Revolut account over other similar platforms?
A verified Revolut account provides multiple advantages, including low fees, fast transfers, competitive exchange rates, and a wide range of financial services. It is a great choice for people who need to manage multiple currencies, make international payments, or invest in stocks and cryptocurrencies