Switch my Revolut account to another bank or provider
To switch your account from Revolut Bank UAB, branch in Portugal, registered in Bank of Portugal under number 3560 to a new bank, contact them to start the process. Once we receive your request, we'll complete the following tasks:
- Provide you and the new PSP with a list of all your existing standing transfer orders, authorisations for Direct Debit, recurring credit transfers, and recurring Direct Debits that have been executed on your payment account in the last 13 months
- No longer accept credit transfers and Direct Debits
- Cancel standing transfer orders from the date specified
- Transfer the remaining positive balance to the account held with the new PSP on the date specified
- Transfer fees may apply — see our Price List
- Close your Revolut account on the date specified, if requested
Closure process
When switching accounts, you can choose to close your Revolut account. To do so, you must request it in the authorisation you send to your destination provider. We don't recommend closing your Revolut account, as it can take a bit of time to set up a new account with the same mobile number.
We'll close your account on the date requested, which can't be earlier than 13 business days from when we first receive your request. All the sub-accounts of your main account, like the Revolut — Kids & Teens account, will also be closed and any benefit within your package account will also cease.
We'll keep your data for 7 years after closing your account to follow regulations, such as anti-money laundering laws and general bookkeeping obligations. Revolut won't charge you a switching fee, though transfer fees may apply.
Other Revolut entities
Check if closing your account may affect your relationship with any other Revolut entities, and take the steps needed to avoid any negative impact. For example, Revolut Securities Europe UAB may require you to liquidate any open trading positions and move funds to your account.
We'll keep your data for 7 years after closing your account to follow regulations, such as anti-money laundering laws and general bookkeeping obligations. Revolut won't charge you a switching fee, though transfer fees may apply.