Revolut also emails the changes it will make to the exchange rates. We quote the message we received in our email.
We would like to inform you that we are changing our Terms and Conditions so that you can easily understand how our exchange rates work. Revolut increases the prices of the program for the first time, 3.49 euros per month now What has changed? Until recently, we used the “real exchange rate” to describe the rates of our currencies.
We understand that the concept of “real” parity can be open to interpretation and can mean different things to different people. From today, we will describe our exchange rate as “Revolut exchange rate” for currency conversions. This exchange rate is determined by us and is dynamic as it reflects market changes in real time.
What should I do; Nothing at all! We’re just letting you know that these changes will be applied to your Terms and Conditions in 60 days. If you’re unhappy with the changes, you can opt out by closing your account before the new terms take effect, but we’d hate to see you leave.
If we don’t hear from you, we’ll assume you’re happy with the upcoming changes. For any questions, message our 24/7 customer support team via in-app chat.
A little while ago, we received the following message in our email regarding the price increases of the Plus plan. We’d like to let you know about some changes we’re making to our pricing system. From 21/08/2023 we will increase the price of the Revolut Plus program.
We understand that price increases are not pleasant, especially when it’s the first time we’ve changed the cost of Plus since launch. But, we will never compromise on value or quality. We made this decision so that we can keep our promise and offer you an even better experience, in the context of rising prices globally.
The good news is that we’re making your perks even better, and we’re sure you’ll love them. See what’s changing: We are increasing the currency conversion limit from €1,000 to €3,000 per 30-day rolling period. If you exceed the limit, a 0.5% charge will still apply. You will be able to review the final breakdown of price and charges before confirming an exchange/conversion.
To check your remaining limit and the day it will reset, open the app, go to your ‘Profile’ and tap the ‘Schedule’ option. Plus previously cost €2.99 per month (or €29.99 per year).
Now, its price is €3.49 per month (or €34.99 per year). Pricing changes will be reflected in the next billing cycle 09/02/2023 If you have any questions or concerns, please refer to this FAQ section or contact us through the in-app chat.
If you wish to downgrade your plan due to these changes, you can do so for free before the new pricing implementation date: 08/21/2023.
Follow these steps: from your profile, tap Plan Pricing > Settings > Change Plan, then select the plan you wish to switch to. From 08/21/2023, termination fees may apply.
Your program terms have been updated to reflect the new changes, including terms regarding the new currency conversion limits.
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