How do I set up an external account?
What is an external account?
An external account is your local personal bank account that receives excess funds above S$19,800 at the end of the day.
Set up an external account
- Go to Payments
- Tap the search bar and tap 'Banks' on the ribbon
- Select the account you want to set up, and tap the profile icon in the top-right corner
- Make sure that at least one successful transfer (of any amount) has been made from your Revolut account to your external account. This is required for the external account to be linked
- Scroll down until you see the 'External account' toggle, and tap to turn it on
If you haven't added your external account, go to the Payments feature and select 'Bank recipient'. Enter your bank account details, making sure the name matches your Revolut account name. Then, use the toggle to set it as an external account.