Manage Money and make Payments through Revolut

Revolut Banking

Revolut’s simple budgeting tool allows you to keep track of your spending at all times. Setting a budget lets you estimate how much you’ll spend over a set period of time and plan your spending accordingly.

Revolut offers an option to set an overall budget according to your spending habits, allocate spending goals to each category (e.g. Shopping) and provides you an easy way to check if your spending is on track. You can create, edit and delete the budget in the app.

Payments are automatically assigned to their respective categories, but you can also change the category of a payment according to your needs. Make sure all your transactions are correctly categorized to make the most out of the budgeting feature.

Easily add how much you want to spend each month or each week and we’ll work out a daily spending limit you can stick to, to meet your goals. You’ll know exactly how much is safe to spend taking into account your upcoming payments, when you’re close to reaching your budget limit, or when you’ve overspent.

How can I create a Budget on Revolut Account

  1. Set your budget amount limit.
  2. Tap on ‘Cycle’ to select a frequency (monthly or weekly) and a start date for the budget cycle. For example, if you receive your salary on the 25th of every month, you can set a monthly budget starting on your pay day.
  3. Select ‘Category budgets’ to assign all or part of your budget to specific categories. For example, if you expect a monthly spending of 900, you can allocate 400 for Groceries, 200 for Shopping, 180 for Restaurant and 120 for the rest of expenses. You will be able to track each category’s budget as well as the overall budget limit.
  4. Click on ‘done’ and allow the app help improve you your financial health.

Revolut helps you set up and manage all your scheduled payments and upcoming bills. When you set a budget, the app takes into consideration these payments and will show you how much you can spend according to the remaining sum on your budget. We call this amount your ‘Safe to Spend’.

Your ‘Safe to Spend’ is your current amount left of budget, minus any upcoming scheduled payments. This helps you know how much you can spend for the rest of your cycle, without worrying about spending money you need for your bills and other committed spending.

Revolut analytics is a unique feature that allows you see all your expenses from different accounts in one place. It aggregates your spending and committed spending (scheduled payments and bills) from all your Revolut and Linked accounts.

Start taking advantage of this feature and managing your financials by going to the ‘Analytics’ section by clicking on the graph icon in the top-right corner of your ‘Home Accounts’ tab or by scrolling down on your ‘Home Accounts’ tab and tapping on the spending tile.

Access ‘Analytics’ section by clicking on the graph icon in the top-right corner of your ‘Home Accounts’ tab or by scrolling down on your ‘Home Accounts’ tab and clicking on the Analytics tile. The analytics graph provides you a complete image of your spending.

Your Total spend for the selected cycle compared to the previous one. This amount will be green if you have spent less or red if you have spent more. For example, you’ve selected a monthly period and are checking on the 14th of June. You’ve spent 150 so far in June and you spent 100 from the 1st to the 14th of May, so you’ll see ^50 in red, as you’ve spent 50 more than on the previous month.

You can see a breakdown of your spending by category, merchant and country on the Analytics screen under the Spending section. Here you will see the top 3 categories, merchants or countries for which you have spent the most according to the tab you select. You can even select a specific day, week or month bar on the spending graph and all values will be updated to show the breakdown for the selected dates.

You can exchange between AED, AUD, BGN, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, ISK, JPY, MAD, MXN, NOK, NZD, PLN, QAR, RON, RSD, SAR, SEK, SGD, THB, TRY, USD, ZAR on your Accounts tab, by clicking ‘…’ (next to ‘Add money’) and then ‘Exchange’.

The title of the page will help you understand what action you are about to do: you will be either buying or selling a currency. If you want to switch direction, switching from buy to sell or the opposite, just tap on the arrow in the middle of the page.

A currency order can be created from the Accounts tab, by clicking ‘…’ (next to ‘Add money’) and then choosing ‘Exchange’. Alternatively from the star Icon on the top right of the Home and the Wealth tab, opening the Favourites screen, then choosing Orders, and tapping on Add New.

Revolut Card

You don’t have to order your card to your registered address and you can change your delivery address when placing your card order. The estimated delivery date and cost for delivery to your chosen address will be displayed at checkout.

If you are getting the card delivered to a temporary address (for example if you are travelling abroad), please ensure you will be residing at this address up to and including the estimated delivery date.

To order a physical card,

  • Go to the ‘Cards’ tab in the app
  • Tap the ‘Add card’ button
  • Choose ‘Debit card’ and complete your order.

You will be able to set your card’s PIN, enter your delivery address, and select your delivery method before proceeding to checkout. The cost of the card and/or delivery will also be displayed before you checkout.

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