What are the fees and limits for depositing cash into a Revolut account and using it to purchase digital currencies?
Nilesh UttekarNov 25, 2021 · 3 years ago3 answers
Can you provide details on the fees and limits associated with depositing cash into a Revolut account and using it to buy digital currencies?
3 answers
- Nov 25, 2021 · 3 years agoSure! When depositing cash into a Revolut account, there are no fees involved. However, please note that there may be fees charged by your bank for the transfer. As for the limits, the maximum amount you can deposit into your Revolut account depends on your account type. For standard accounts, the limit is £25,000 per day, while for premium and metal accounts, the limit is £100,000 per day. When it comes to purchasing digital currencies using your Revolut account, there are no fees for the transaction itself. However, please keep in mind that there may be fees associated with buying and selling digital currencies on the Revolut platform.
- Nov 25, 2021 · 3 years agoNo worries! Depositing cash into a Revolut account is fee-free. Just make sure to check with your bank if they charge any fees for the transfer. As for the limits, they vary based on the type of account you have. Standard accounts have a daily deposit limit of £25,000, while premium and metal accounts have a higher limit of £100,000. When it comes to buying digital currencies, there are no fees on Revolut's end. However, keep in mind that there might be fees associated with the purchase or sale of digital currencies on the platform.
- Nov 25, 2021 · 3 years agoDeposit fees? Not on Revolut! You can deposit cash into your account without any fees. However, do check with your bank as they might charge you for the transfer. As for the limits, they depend on the type of account you have. Standard accounts have a daily deposit limit of £25,000, while premium and metal accounts have a higher limit of £100,000. When it comes to buying digital currencies, Revolut doesn't charge any fees for the transaction itself. But hey, remember that there might be fees associated with buying or selling digital currencies on the platform. So, keep an eye out for those!
Related Tags
Hot Questions
- 86
Are there any special tax rules for crypto investors?
- 79
How can I buy Bitcoin with a credit card?
- 62
What are the tax implications of using cryptocurrency?
- 61
How does cryptocurrency affect my tax return?
- 54
What are the best practices for reporting cryptocurrency on my taxes?
- 53
How can I protect my digital assets from hackers?
- 34
How can I minimize my tax liability when dealing with cryptocurrencies?
- 31
What are the best digital currencies to invest in right now?