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What is a conditional payment order?

A conditional payment order is a legal banking document that includes the orderer (Revolut acting on your behalf), the orderer's bank, the beneficiary (you), and the beneficiary's bank.

Once we receive your request as outlined in the Credit Agreement, Revolut will trigger a conditional payment order. This order guides your bank to transfer funds to your credit repayment account, ensuring they're primarily allocated to settle the refinanced loan. If these conditions aren't met by the due date, the amount will be returned to us, and we'll use it to repay your new refinancing loan.