Travel insurance on Revolut’s paid plans is provided by Chubb Group.Ĭryptocurrency services provided directly by Apex Crypto LLC, NMLS ID 1828849. is a technology services provider and administrator of the card program. FDIC insurance does not protect your funds in the event of Revolut’s failure or from the risk of theft or fraud. See FDIC-Prepaid Cards and Deposit Insurance Coverage for details. While there, your funds are insured up to $250,000 by the FDIC in the event Metropolitan Commercial Bank fails if specific deposit insurance requirements are met and your card is registered. Your funds will be held at or transferred to Metropolitan Commercial Bank, an FDIC-insured institution. “Metropolitan Commercial Bank” and “Metropolitan” are registered trademarks of Metropolitan Commercial Bank © 2014.Ī note from Metropolitan Commercial Bank: Funds in your Revolut Prepaid Card Account are held at an FDIC insured institution. Banking services are provided by Metropolitan Commercial Bank, Member FDIC, and are subject to the terms of a Cardholder Agreement. for Visa cards, and Mastercard International for Mastercard cards, and may be used everywhere Visa or Mastercard are accepted. "Foreign Currency Exchange Do’s and Don’ts.The Revolut USA Prepaid Visa® and Prepaid Mastercard® are issued by Metropolitan Commercial Bank pursuant to a license from Visa U.S.A. "5 Best International Money Transfer Apps Reviewed." "Where Is the Best Place to Exchange Foreign Currency?" "What is the Bid-Ask Spread in Foreign Exchange?" You can learn more about GOBankingRates’ processes and standards in our editorial policy. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. Information is accurate as of March 17, 2023. Taylor DeJesus and Brenda Zhang contributed to the reporting for this article. Moreover, Bank of America members enjoy a discounted exchange fee and don't pay the standard $7.50 shipping cost. You can access a wide range of popular currencies and some less common ones as well.
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