. If you exchange currencies on weekdays (Mon-Fri UTC) you will receive the interbank exchange rate without any markup or fees – subject to our fair usage terms on all currencies. These are Australian Dollar, Hong Kong Dollar, Israeli New Sheqel, New Zealand Dollars, South African Rand and the Turkish Lira. Here’s a quick snapshot of what’s changing: New top-up, Update to Revolut 4.3 to top-up, exchange and send Polish Zloty and Swiss Franc! Revolut Ltd is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011, Firm Reference 900562. Edited: 18 August 2020, 08:52 This article contains affiliate links. Did you know you can transfer 23 currencies globally with the real interbank exchange rate, straight from your Revolut App?. Revolut Ltd is a company registered in England and Wales (No. 08804411). These also allow us to see what pages and links you have visited so we can provide more With bank transfer | With card | With money from other Revolut users | With linked accounts | With direct deposit and Early Salary | With cash or cheque You can also load all of our 16 wallet currencies by bank transfer. We’ve added a few small changes to our terms and conditions. Facebook and LinkedIn, for the same purpose. website work, for example, so you can get promotions awarded to your account. where necessary. Now, almost 700,000 Revolut users can hold and manage 16 currencies in the Revolut app, send free money transfers in 26 currencies, and spend fee-free in 120 currencies - always at the interbank exchange rate. We use cookies to personalise your experience on Revolut. Remember you can only change money in Turkey in a Bank, an Official Exchange Office and the P.O. Bureaux de change are usually very expensive, so compare the exchange rates below to get a much better lira rate than what you'd get at the airport! Ask an expert: 'I have also heard sterling is a better currency on the streets than Turkish Lira' Jump to navigation ... but charges a 1pc foreign-exchange rate transaction fee. It is not possible to get the Bank Rate in an Exchange Office, you will get less. Revolut uses mid-market rates but states, If you exchange currencies on weekdays (Mon-Fri UTC) you will receive the interbank exchange rate without any markup on all currencies except for Thai Baht, Russian Rubbles, Ukrainian Hryvnia, and Turkish Lira where we add a 1% markup, with a small 0.5% fee for anything above £5,000 each month. However, it will be more than you get in the U.K. julien 9 April 2017 14:33 #7. I then exchanged £50 in to Turkish Lira as the exchange rate is so good. Angel 9 April 2017 14:08 #6. We may share this information with other organisations, such as Google, You can easily exchange money in 28 currencies by clicking on the 'Exchange' button in the top-right corner of the Accounts tab. I never used it in Turkey but Revolut definitely gives the best exchange rate for all countries I travelled to. Answer 1 of 7: Hi just booked our first trip to Oludeniz at the end of September, do the bars and shops accept card payments ? Hi there, I have ordered the card for going to Turkey in October, i have a couple of questions I’m a bit confused about. Exchange rate history. They will exchange the money at their advertised exchange rate and won’t charge you any fees. I then found this… " If you exchange currencies on weekdays (Mon-Fri UTC) you will receive the interbank exchange rate without any markup on all currencies except for Thai Baht, Russian Rubbles, Ukrainian Hryvnia, and Turkish Lira where we add a 1% markup". Revolut Standard account holders are charged at least a 1% markup for currencies such as the Thai baht, Russian rouble, Ukrainian hryvnia and the Turkish lira. Or, they can join Revolut and the money will be in their account instantly. In the UK I am currently getting offered 7.9. They’ll receive a payment link which lets them add their account details and the money will be in their bank in up to 5 working days. Revolut offers the mid-market, interbank exchange rate between currencies, which is the best exchange rate you can get. Banks and other providers usually add a markup to the interbank exchange rate, meaning you could be charged huge amounts in hidden fees to send money abroad. I travel to Thailand many times per year and thought Revolut card would make life easier. We’re building the future of money beyond banking. Constantine Courcoulas. Turkey: In Turkey, one lira is worth €0.15 at the time of writing (source: Google). We receive these rates from third parties, such as Morningstar. Turkish lira exchange rates change daily. Revolut users can now hold, exchange and send free instant money transfers in 11 new currencies! You can now hold, exchange and send or receive instant transfers in: Australian Dollar, Danish Krone, Romanian Leu, Swedish Krona, Hong Kong Dollar, Israeli New Sheqel, Norwegian Krone, New Zealand Dollar, Singapore Dollar, Turkish Lira and South African Rand. However, Revolut does charge an extra percentage-based fee when transferring money to an overseas bank account and for certain conversions. Find all the answers to your questions about Revolut and get help from our support team. Simply tap the pink button on the menu bar in the app, choose ‘Send money’ and find a contact that’s also ‘On Revolut’. I recently opened an account (British) and deposited £100. All Revolut users can also send free, instant money transfers around the globe in 16 currencies - always at the real exchange rate. What is the current rate in the Revolut app ? You can top up your card in your home currency (eg. Is it better in Sultanhmet? These currencies are the British Pound, Euro, US Dollar, Polish Zloty, Swiss Franc and all of the Scandinavian Kroner. The Bank Rate at this hour is 9.74. Revolut is a great option for travelling to multiple countries. If you exchange currencies on weekdays (Mon-Fri UTC) you will receive the interbank exchange rate without any markup or fees - subject to our fair usage terms on all currencies except for Thai Baht, Russian Rubbles, Ukrainian Hryvnia, and Turkish Lira where we add a 1% markup. As for markup fees, we have a fixed 0,4% markup on any exchange that you make above your plan's free allowance. Answer 1 of 8: What is the latest uk pound to lira exchange rate from the post offices, I understand their genrally the best places to change money? You can easily choose which currencies to exchange and you will see the amount youâll receive before you finalise the exchange. If you believe this trend is set to continue, you can take advantage of weakening lira by using your card to take advantage of the card scheme exchange rate, which is close to the market rate. In October 2018, multi-currency card Revolut launched in Singapore, allowing users to spend in over 150 foreign currencies at the interbank exchange rate, and enabling them to exchange and store 28 currencies in their wallet.. If you’re travelling to a country that uses one of these currencies, you can exchange your funds at anytime and lock in a great exchange rate! . These will come into effect on the 23rd August 2017. Fees for fast transfers. number of visitors to our website, and see how visitors browse our website, so we can improve it The. These allow us to recognise and count the Imagine! 0.85198 euros aren’t 0.8491euros ( this last figure is shown on revolut exchange rate). Introducing eleven new currencies to the Revolut app! Bargain! Our end-goal is for anyone, in any country, to be able to open a Revolut account in 60 seconds and instantly hold and exchange their funds in any currency; send free money transfers to anyone around the globe in seconds; and spend anywhere in the world without any fees. It’s amazing to see how much our network has grown in just 2 years. Sorry Julen!, I wrote euros instead of pound sterling. You can now exchange 16 currencies in the Revolut app at the real interbank exchange rate. This is perfect for those painful IOU moments. USD, GBP, EUR, AUD, CAD, NZD, CHF, JPY, SEK, HKD, NOK, SGD, DKK, PLN, and CZK); and +1% to all other currencies including THB, RUB, UAH and TRY. Answer 1 of 7: Hi, not planning on visiting Turkey this year as things keep changing weekly, if not daily, in relation to Covid19. Revolut exchange rates. DollarsAndSense may receive a share of revenue from your sign-ups. If you exchange currencies on weekdays (Mon-Fri UTC) you will receive the interbank exchange rate without any markup or fees - subject to our fair usage terms on all currencies except for Thai Baht, Russian Rubbles, Ukrainian Hryvnia, and Turkish Lira where we add a 1% markup. ... Revolut will help you avoid the unseen international charges. On the weekend (Sat-Sun UTC) we fix the rate we provide to protect ourselves against fluctuations, this means we apply markups of: +0.5% to all major currencies (ie. Exchange rates are always real on Revolut, which means there’s no difference between the buy and the sell price. This is in addition to our existing currencies - the British Pound, Euro, US Dollar, Swiss Franc and Polish Zloty. I have 0.8491GBP. Why send money with Revolut. Answer 1 of 6: What is the current rate in sultanhmet area to change GBP to Turkish Lira. I plan on topping up the card every month till I go on holiday, what happens one day its a good rate and I exchange to Lira? Guys thought I would just share this as we tried our cards in both the akbank and Ziraat ATMs across from Migros and for charged commission and poor rate twice. Revolut is fine in Turkey. Revolut: A Summary. If you exchange currencies on weekdays (Mon-Fri UTC) you will receive the interbank exchange rate without any markup or fees - subject to our fair usage terms on all currencies except for Thai Baht, Russian Rubbles, Ukrainian Hryvnia, and Turkish Lira where we add a 1% markup. Head to the ‘Top Up’ tab, select ‘By transfer’ and select a currency to find the account details you will need to make a transfer too. Oh, one last thing - did you know can also request money from your contacts too? Euros) and then let Revolut automatically exchange your money to the local currency whenever you use your card. Get the best deal on pound to lira (₺) exchange rates when you compare providers offering the currency. Manage your everyday spending with powerful budgeting and analytics, transfer money abroad, spend easily in the local currency, and so much more. Since the interbank exchange rate is constantly fluctuating, the rate that we lock in for the weekend may not be the same as the rate that is available when the markets open on Monday morning. We are here to help you. You can also send money to contacts who aren’t on Revolut. So now I have a British and Turkish … Free, instant global money transfers. The Pound Sterling has strengthened against the Turkish lira in recent years. You can also top up your Revolut account by card in 9 currencies. Hi there, I’m new to Revolut. Obviously, you can avoid this by taking out cash or making more significant purchases during the week. (this means over the weekend THB, RUB, UAH, and TRY have a 2% markup.). Select your currency, enter the amount and boom - the money hits their Revolut account instantly! We need to use these cookies to make our relevant ads. There are a few exceptions: Thai Baht, Russian Rubles, Ukrainian Hryvnia, and Turkish Lira where we add a 1% markup. Hi, I am looking to take advantage of good exchange rates on Turkish Lira at the moment and purchase to use at a later date. Update your app to Revolut 4.5 via the Google Play and iOS store now to take advantage of our new currencies! The best deal is highest exchange rate which will give you the most lira for your pounds. Some currencies can currently only be loaded to your Revolut account by bank transfer. Sending money to an external bank account. This jumps up to a 1% fee over the weekends when markets are closed. Err right…but, what does this actually mean? We are coming over on 27 August what is the exchange rate for the Turkish lira against English pound Thanks Lesley This is true both when doing an international transfer and when you use an ATM to withdraw money. Join 10M+ already using Revolut. Revolut is a multi-currency account that allows Standard (free) users to exchange, send and spend money in 24 currencies at the real exchange rate on amounts less than £5,000 per month, beyond which transactions are subject to a 0.5% charge.Revolut’s Premium and Metal account holders (subject to a monthly fee) have no monthly limit on currency exchange. Buy Turkish lira in the United Kingdom at the best exchange rate Do you want to arrive at your destination with Turkish lira already in your pocket? Revolut applies a 0.5% fee on currency exchanges for Revolut Standard account holders on major currencies. Revolut will mark up the exchange rate on weekends, adding between 0.5% and 1.5% to the Friday rate on Saturday and Sunday (when usage is higher). Exchanging currencies with Revolut is free up to €6,000/£5,000 per month on weekdays, but it costs 0.5% above this amount. It’s easier than Greece, where I have to scramble around for Alpha Bank or NBG (and when you land somewhere like Rhodes airport you’re stuffed because every ATM dings you with charges for declining DCC). Last month, we added Polish Zloty and Swiss Franc as primary wallet currencies and explained more about our plan to build a brand new global payments network that eliminates foreign exchange fees forever. These are Australian Dollar, Hong Kong Dollar, Israeli New Sheqel, New Zealand Dollars, South African Rand and the Turkish Lira. Yet, the exchange rate seems to be nice for tourists at the moment. Turkish Lira Rates Blow Out to 1000% After Currency Intervention By . 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