How do I switch my account from another bank or payment service provider to Revolut?
You can switch your account with another bank or payment service provider (PSP) in the Netherlands 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 our account switching service
The following services are covered:
- You need to register with the Account Switching Service to switch accounts. You can check your switching status anytime, too
- We'll switch direct debits and periodic credit transfers from your old bank or payment provider to your Revolut account. We'll also send you a list of your standing orders from your old payment service provider
- See a step-by-step guide to setting up your standing orders from your Revolut account
- We'll also transfer any positive account balance from your old account to your Revolut account
- As part of the Account Switching Service, you can also ask for your old account to be closed, and we'll create a notification for you, which you can send to your old payment provider. Some payment providers may not allow your old account to remain open after you switch
Make sure the account you're switching from:
- Has no outstanding debts or period payments due
- Is suitable for people over 18 years of age
- Isn't a Business account
- Isn't a joint account
- Uses supported Revolut currencies
Our account switching service doesn't cover:
- Some credit sources, e.g. social services payments
- Direct debits, where their originators (the organisation granted permission to collect direct debits from you) are outside of the Netherlands. If you want to move these kinds of direct debits to Revolut Bank UAB, you'll need to update direct debit originators directly
- Recurring payments linked to the debit card on your old account
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
When completing the account switching form provided by Revolut Support, you must choose a date on which the switch will become effective (the switching date).
You should select a date which has the least activity on your old account. For example, where possible, you shouldn’t choose a date close to when your salary gets paid into your old account or when Direct Debits or standing orders come out of your old account. This approach will ensure the account switching works effectively and doesn’t disrupt your recurring payments.
You’ll need to pick a date at least 6 business days from the date you complete and submit the account switching form (to give us time to reach out to your old account provider).
If you've chosen to close your old account while registering, 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 SEPA payments. You can also ask your old account provider for a statement of your old account for the last 12 months.
The following are likely relevant only if you are a Revolut Business customer:
- Check your payroll arrangements and prepare for any changes you may need to make due to the switch
- Update your invoice documentation to include your Bank Identifier Code (BIC) and International Bank Account Number (IBAN) for your Revolut account
- If you receive Direct Debits into your old account (which you now want to receive into your Revolut account), you should change your payment service provider to Revolut Bank UAB