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 do not match, the beneficiary bank may reject the transfer.
Recipient Account Closed
The account you are transferring to may be closed. Please ensure that your recipient account details are updated.
Compliance Reasons
Money transfers are regulated, and Revolut must complete necessary checks in accordance to 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. Please 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.