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Revolut AU review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Revolut AU is a fair pick for travellers, freelancers and teens who want many currencies without a monthly charge. It scores 7.6 overall, with an offer part of 9.3 and a cost part of 6.3. The monthly fee is £0 and the currency conversion fee runs 0% to 1%.

Key facts

Best for
A fee-free multi-currency account for spending and saving in several currencies at once.
Monthly fee
£0↗
Licence type
E money↗
Deposit protection
FSCS up to GBP 85,000↗
Currency conversion fee
0% to 1%↗
Currencies
30↗
Local account details
IBAN↗
Transfer fee
Free in SEPA; paid plans discount elsewhere, free on Ultra worldwide↗
Legal entity
Revolut Payments UAB↗
Headquarters
Lithuania↗
Founded
2015↗
Support channels
Chat, Help-centre, Phone↗
Audience
Travelers, Freelancers, Teens
Pricing model
No monthly fee, Low FX fees
Features
Free ATM withdrawals, Joint account
Official website
revolut.com

Savings

Headline rate
4%↗
Rate type
Variable↗
Minimum deposit
£0↗
Access terms
Instant access via the Revolut app, fee-free withdrawals, no withdrawal limits↗
Account kind
Easy access↗

Money transfer

Payout methods
Bank↗

Facts checked September 26, 2026, 8 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataLinkedInXfacebook.cominstagram.com

Pros and cons

Pros

  • Monthly fee of £0, ranked 1 of 500 brands on that measure.
  • Currencies held number 30, well above the site median of 5 for the set.
  • A savings balance paying 4% at a variable rate, against a site median of 3%.
  • Features listed include free atm and joint account, so free ATM withdrawals and a joint account are part of the account.

Cons

  • Deposit protection is listed as FSCS up to GBP 85,000, and the licence type is e money rather than a bank licence.
  • The savings rate is variable, so the 4% figure can move.
  • Transfer pricing is uneven: free in SEPA, discounted on paid plans elsewhere, and free on Ultra worldwide.
Revolut AU

Ready to try Revolut AU?

Scored 9.1 / 10 by VaultCue.

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Who it suits

  • Travellers holding several currencies, one of the audiences in travelers, freelancer and teen.
  • Freelancers billing across currencies who want local account details such as iban.
  • Teens in travelers, freelancer and teen who want a joint account or free ATM withdrawals.

Who should look elsewhere

  • Anyone wanting a bank licence rather than e money cover.
  • Skrill, if you want a money transfer service rather than a multi-currency current account.
  • XTB, if you want a trading platform with its own fee of €0.

Fees and currency costs

The monthly fee is £0, and the model listed is no monthly fee and low fx. Currency conversion costs 0% to 1% per conversion, a little above the site median of 0.5% and the everyday-account median of 0.22%. Transfers are free in SEPA, paid plans discount the cost elsewhere, and Ultra is free worldwide.

Rates and terms

Savings pay 4% on a variable rate, with a minimum deposit of £0. The account kind is easy access: instant access in the app, fee-free withdrawals and no withdrawal limits. Withdrawals are paid out to a bank account, and local account details are iban.

How Revolut AU compares

Where Revolut AU is available

Available
Australia, Austria, Belgium, Brazil, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, India, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Malta, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom, United States
Licence in United Kingdom
Financial Conduct Authority and Prudential Regulation Authority (981170), checked September 26, 2026
Licence in United Kingdom
Financial Conduct Authority (e-money and payment services under the Electronic Money Regulations 2011) (900562), checked September 26, 2026
Licence in United Kingdom
Financial Conduct Authority (933846), checked September 26, 2026
Licence in Lithuania
European Central Bank via Bank of Lithuania (banking and e-money licences), checked September 26, 2026
Licence in Lithuania
LT_BL (PSD_EMI LT_LT_BL_304940980), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What is the monthly fee on Revolut AU?+

The monthly fee is £0, and the account sits in the no monthly fee and low fx model. It ranks 1 of 500 brands on monthly fee, matching the site median of €0, so nothing is deducted for holding the account.

How much does it cost to change currency?+

Currency conversion costs 0% to 1% across 30 currencies. The upper end of that range sits near the everyday-account maximum of 3.99%, so frequent conversion is the line to watch in the pricing.

Is the money protected if something goes wrong?+

Deposit protection is listed as FSCS up to GBP 85,000, and the licence type is e money rather than a bank licence. The account is held by Revolut Payments UAB, with UK permissions from the Financial Conduct Authority and the Prudential Regulation Authority.

How do I get my money out?+

Withdrawals go to a bank account, as listed in bank. In the app, savings withdrawals carry no fee and no withdrawal limits, and the balance is an easy access account, so money can come out whenever it is needed.

Does Revolut AU pay any interest?+

Savings pay 4% at a variable rate, higher than the site median of 3%. The minimum deposit is £0, and the balance is an easy access account you can reach in the app.

How many currencies can I hold?+

You can hold 30 currencies, well above the site median of 5 and the everyday-account median of 9. Local account details are iban, so money sent from many countries arrives without a conversion detour.

Who is the account aimed at?+

The listed audiences are travelers, freelancer and teen, and the company is based in Lithuania. The account model is no monthly fee and low fx and the account kind is easy access, so it is built for everyday spending rather than a fixed term product.

What extra features come with the account?+

The listed features are free atm and joint account, so free ATM withdrawals and a joint account come as standard. Support runs on chat, help centre and phone, covering phone as well as chat and the help centre for account questions.

Sources

  • euclid.eba.europa.eu/register/downloads/PSDMD/20260926/do... checked September 26, 2026

    Backs: Headquarters, Legal entity, Licence type, Licences

    “EntityCode=LT_LT_BL_304940980; EntityType=PSD_EMI; ENT_NAM=Revolut Payments UAB”

  • en.wikipedia.org/wiki/Revolut checked September 26, 2026

    Backs: Founded

    “Founded 1 July 2015”

  • help.revolut.com/en-US checked September 26, 2026

    Backs: Payout methods

    “Transfers Bank transfer basics Bank transfer not received Other issues with bank transfers”

  • revolut.com/en-GB/a-radically-better-account checked September 26, 2026

    Backs: Currencies, Features, Local account details

    “Hold and exchange money in 30+ currencies with Revolut exchange rate. No additional fees Monday-Friday, within your plan allowance.”

  • revolut.com/en-GB/international-transfers checked September 26, 2026

    Backs: Transfer fee

    “Fee-free transfers inside Europe's SEPA region. Save depending on your plan to everywhere else - unless you're on Ultra. Then it's free, anywhere.”

  • revolut.com/en-GB/our-pricing-plans checked September 26, 2026

    Backs: Audience, Deposit protection, Currency conversion fee, Pricing model, Monthly fee, Support channels

    “Metal - For the global travellers and traders ... Kids & Teens accounts: Linked accounts for family members aged 6-17”

  • revolut.com/en-GB/savings checked September 26, 2026

    Backs: Headline rate, Minimum deposit, Rate type

    “Up to 4% AER (variable) interest paid daily, with our Ultra plan. No withdrawal fees. No minimums. Instant access anytime.”

  • revolut.com/legal/clearbank-savings-terms checked September 26, 2026

    Backs: Access terms, Account kind

    “You can transfer money into or withdraw money out of your Instant Access Savings with your Revolut account at any time via the Revolut app. ... There are no withdrawal limits that apply to your...”

Compiled from 8 source pages, checked September 26, 2026. We did not open an account.

Revolut AU

Revolut AU

A fee-free multi-currency account for spending and saving in several currencies at once.

9.1/10Visit