Revolut Card - Best practice to use in Europe

Mr_Mister

I will be travelling to Portugal next week and will be loading my Revolut Debit card with pounds. 
Is it better to exchange the pounds in the Revolut app to Euros first or just leave it in there as GBP pounds and let it auto convert?

Thanks

daveyjp

Depends on the charges imposed by Revolut,  as they are a money transfer system and not a bank check the small print carefully on any charges imposed for Forex transactions,

Starling Bank is Forex charges free if you want an alternative.

eDicky

Mr_Mister said:

Is it better to exchange the pounds in the Revolut app to Euros first or just leave it in there as GBP pounds and let it auto convert?

You can do either, fees don't apply for conversion up to a certain amount reach month, except for a margin applied to the interbank rate during weekends. If you convert to euros in advance you may or may not benefit, depending on which way the exchange rate goes.

eDicky

daveyjp said:

Starling Bank is Forex charges free if you want an alternative.

Starling Bank apply a 0.4% fee on conversions between their GBP and EUR accounts. A margin is added on weekends. Use of their debit card involving conversion gives the MasterCard daily exchange rate with no markup or fees.