Going on a holiday without the hassle of exchanging some of your money into local currency, especially without those massive exchange fees, looked like something that came from a futuristic dimension. Fortunately, Revolut came along in 2015, and the future suddenly became present.
In this post, we take a look at Revolut’s availability worldwide and uncover some of the alternatives for users who are not eligible to open a Revolut or Revolut Trading account!
What is Revolut?
Revolut is a digital bank that allows users to and their money in different currencies at a very low cost! The low fees and the slick and modern mobile app have made Revolut an overnight success.
Going on holiday to a different country and worrying about the huge exchange and ATM fees is no longer a problem!
The range of services has been increasing ever since the early days of the company. Initially, the British startup made its way into a fintech giant by implementing two features, which ultimately fueled the company´s growth in its earliest stages:
- Cutting fees associated with exchanging currencies from all around the world;
- Reducing fees associated with paying in a foreign currency.
Nowadays, it is much more than a simple bank that only saves money on fees when exchanging currencies or paying in a foreign currency. Some of its features include:
- Investing in stocks, cryptocurrencies and precious metals;
- Spending money worldwide with the Revolut debit card;
- Opening a Revolut Junior account for your kids;
- Opening a Revolut Business account;
- Transferring money to other users or bank accounts (both domestically and globally);
- Creating budget plans along with spending dashboards;
- Creating vaults that facilitate saving by making the whole process more enjoyable;
Which countries is Revolut (Banking) available in?
Currently, Revolut (banking) is available for legal residents of the following countries: Australia, Austria, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Republic of Cyprus, Romania, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, the United Kingdom and the United States of America.
The digital bank has plans to expand globally soon, namely in Brazil, Ecuador, India, Mexico, Oman, and New Zealand, where a waiting list is already ongoing. More countries will certainly follow suit.
Is your country not included here? Double-check it in Revolut’s official list of supported countries.
Which countries is Revolut Trading available in?
Revolut stock trading services are available for legal residents of most countries where Revolut banking services are available.
However, it is not possible to trade stocks in the following countries: Belgium, Italy, Germany, and Japan. It´s not possible to trade crypto in some countries as well. Nevertheless, there are plans to expand these services globally soon.
Looking for alternatives to the Revolut platform? Below, we cover alternatives that cover both the payment and the investment sides of Revolut!
As a Digital Bank
For those that are not eligible to open an account with Revolut or want to consider other digital banks, a few alternatives are worth mentioning!
A great service to send and receive money internationally, focused on low-fee foreign transactions.
Vivid is a digital bank based in Germany, and its users can send and request money from other users without charges. At the same time, they can also invest in stocks, ETFs, cryptocurrencies and commodities. To register with Vivid, you need to reside in the EEA.
Monese is a digital bank that you can use on your smartphone and is focused around quickly setting up an account while they provide free transfers internationally. At the moment, you can use Monese in 31 countries in the EEA.
A popular digital bank based in Germany. N26 is available in 22 European countries and the US.
A global online platform to send and receive money for personal and business transactions. Paypal is available in more than 200 countries around the planet, including the US, UK, India, China, Australia, New Zealand.
The Canadian equivalent to Revolut. Allows users to send and receive money, invest in stocks and crypto, and more.
Cash App allows users to make payments and spend using a debit card and even invest in stocks and cryptocurrencies. It only operates in the UK and the United States.
Revolut Payment Alternatives by countries available
Accepts clients from
European Economic Area.
US and UK.
Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, Spain and the UK.
Austria, Belgium, Denmark, Estonia, Finland, France (not Overseas), Germany, Greece, Iceland, Ireland, Italy, Liechtenstein, Luxembourg, the Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland, and the US.
Exceptions include Pakistan, Bangladesh, Iran, Turkey, Myanmar, Sudan, Iraq, Uzbekistan, Afghanistan, Ghana, North Korea.
As an Investment App
Similarly, if what you’re looking for is a service that covers the investment side of Revolut, including the ability to invest in stocks and cryptocurrencies, then below you’ll find some international alternatives that might suit your needs:
The world’s leading social trading platform with +30M users. It offers commission-free stock trading. eToro review available here.
Disclaimer: 77% of retail CFD accounts lose money.
It is an excellent option if you are looking for a more professional platform. Interactive Brokers has recently reduced its fees massively to remain competitive with all the new competition price-wise. Interactive Brokers review is available here.
💡 Interactive Brokers also launched IBKR GlobalTrader, a modern mobile trading app to trade Stocks, Options and ETFs, ideal for novice investors.
It offers commission-free stock and ETF trading (in some European countries) and low spreads on hundreds of markets through CFDs on Stocks, Forex, Indices, Commodities, and Cryptocurrencies. Awarded multiples time as the best Forex and CFD broker. XTB review is available here.
A low-cost broker from Europe that offers commission-free ETF trading and lets you trade in a wide variety of other investment products – options, warrants, futures, bonds and leveraged products. DEGIRO review is available here.
Disclaimer: Investing involves risk of loss.
Another leading US-based broker offers commission-free stocks, ETFs, and options trading (for US-listed products). It gives access to the Webull business accounts for companies.
Canadian alternative that allows users to invest in crypto and stocks commission-free or invest easily through their Robo-advisor (automated wealth management).
Revolut Investment Alternatives by countries available
Accepts clients from
77% of retail CFD accounts lose money.
15 European countries: Netherlands, Italy, France, Switzerland, Germany, Czech Republic, Spain, Portugal, Poland, Greece, Denmark, Sweden, Finland, United Kingdom, and Ireland.
US and Hong Kong.
The Bottom Line
We hope you’ve found our breakdown of Revolut and its alternatives useful!
With so many different services to choose from, you’re bound to find one that fits your money needs — whether you live in Europe or elsewhere. Explore the companies you’ve found interesting and decide for yourself!
Did we miss something? If you have questions, you can always leave a comment!
A reminder that the above should not be construed as financial advice and should be considered information only. Users should do their own research and diligence about the services and opportunities best suited for their needs and profile.
Other FAQs about Revolut
Can you send and receive money internationally with Revolut?
Yes, you can send and receive money globally with Revolut.
Can you make payments to someone in a different country?
Yes. Payments to different countries and currencies are supported.
What countries are not supported?
Some countries where Revolut is not yet available include Colombia, Egypt, Indonesia, Malaysia, Mexico, Pakistan, Philippines, Russia, South Africa, Thailand, Turkey, Vietnam, etc. You can still transfer money transfers to these regions.
Is Revolut available in Canada? 🇨🇦
No, Revolut is not available in Canada. Canadian residents cannot open a Revolut account. There are plenty of other alternatives available in Canada.
Is Revolut available in India? 🇮🇳
No, Revolut is not available in India. Indian residents cannot open a Revolut account. However, it is possible to send money to India through Revolut.
Is Revolut available in Hong Kong? 🇭🇰
No, Revolut is not yet available in Hong Kong.
Is Revolut available in China? 🇨🇳
No, Revolut is not yet available in China.