Why has my outbound bank transfer failed?
Reasons for failed transfers may include:
- Unsupported beneficiary: we're unable to make transfers to certain sources. This includes some cryptocurrency exchanges, certain countries, banks, and merchants
- Incorrect recipient details: if the recipient account details don't match, the beneficiary bank may reject the transfer
- Recipient account closed: the account you are transferring to may be closed. Ensure that your recipient account details are updated
- Compliance reasons: money transfers are regulated, and Revolut must complete necessary checks in accordance with the law to validate the security of the transfer process
- Locked or unverified account: if your account has restrictions or is not fully verified, transfers may be declined. Complete any necessary processes and wait for verification
- Exceeding transfer limits: certain limits may apply depending on the type of transfer. Refer to this article for more information
- Insufficient funds: standing orders (recurring transfers) commonly face this issue. If you do not have enough funds, you should receive a notification 24 hours in advance, allowing you time to add money to the account and complete the transfer
If your bank transfer keeps failing, you can try sending a transfer to a card.