How do I switch my existing bank account to Revolut?
You can switch your account with another bank or payment service provider (PSP) in Germany to Revolut for no fee. You can do this via the account switching service.
We won't charge you or the receiving provider to use our account switching service. This is in keeping with our regulatory obligations.
To switch to Revolut, you need to already be a Revolut customer and have completed your identity verification in the app.
Using the account switching service
The following services are covered:
- Register with the account switching service to begin. We'll move your Direct Debits, recurring transfers, and any positive balance to Revolut
- We'll also send a list of your standing orders. Use our guide to set them up
- You can ask to close your old account. We'll create the closure notice for you
Our account switching service doesn't cover:
- Some incoming funds (e.g. social services payments)
- Direct Debits from certain companies. You must contact them directly to provide your new account details
- Recurring payments linked to your old debit card
- Credit facilities, including personal loans and credit cards
Once you register via the account switching form and answer all the questions, we'll tell your payment partners the switch is happening. We'll email you to let you know when the switch is complete.
When to switch accounts
You'll be asked to choose a date on which the switching process will begin (the switching date).
For best results, choose a switch date when your old account has the least activity. Avoid dates close to your payday or when regular payments like Direct Debits are due. This will help ensure a smooth switch and prevent any disruption to your payments.
To allow us time to process your request, choose a switch date at least 6 business days away. The switch will be completed within 12 working days, but this period only begins after we have received all your complete information. We will notify you if there are any problems or delays.
If you've chosen to close your old account, you should:
- Avoid using any cards on your old account once the account switching service has started
- Destroy any bank cards from your old account
If any incoming payments arrive to your old account after the switch date, contact your old bank to make sure they're paid into Revolut.
Your Revolut account can accept Single Euro Payments Area (SEPA) payments.