What is REVOLUT**CASHBACK on my bank statement?

REVOLUT**CASHBACK is money being added to your account, not taken from it. It's a cashback reward from your Revolut card on eligible purchases. This is a credit, not a charge.

How do I cancel Revolut Premium or Metal?

Open the Revolut app, tap on your profile (top left), go to Plan, and select Downgrade to Standard (free). Your premium features will continue until the end of the billing period.

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Digital banking

What is REVOLUT on my bank statement?

Q: What is REVOLUT on my bank statement?

REVOLUT on your bank statement could be a Revolut Premium or Metal plan subscription fee, a top-up to your Revolut account, a cashback credit, or it could appear when you make purchases using your Revolut card through your linked bank account.

Revolut is a digital banking app. This charge could be a Premium subscription fee, a cashback credit, or a top-up to your Revolut wallet.

Revolut — digital banking

⚑ Check which type

REVOLUT on your statement from a traditional bank account can mean several different things. The most common are: a monthly fee for a Revolut Premium or Metal plan, a top-up you sent to your Revolut account from your bank account, or a cashback credit (which is money coming in, not going out).

Revolut offers a free Standard plan with basic features, and paid plans — Plus, Premium, and Metal — with benefits like higher ATM limits, travel insurance, and cashback rewards. The monthly plan fee appears as a REVOLUT charge on your statement.

REVOLUT**CASHBACK is specifically a credit back to your account — a reward for making purchases with your Revolut card. This is money being added, not charged. Similarly, if you send money via Revolut to someone else, it may appear as a REVOLUT debit on your linked bank statement.

Company

Revolut Ltd

Type

Digital banking app

Recurring?

Only if paid plan

Regulated?

Yes — FCA regulated

How to check your Revolut chargesOpen the Revolut app and check your transaction history — it shows every top-up, payment, and cashback in full detail. To downgrade from a paid plan: profile icon → Plan → Downgrade to Standard.

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Frequently asked

Questions about Revolut charges

Is REVOLUT**CASHBACK a charge or a credit?

REVOLUT**CASHBACK is a credit — money being added to your account, not taken from it. Revolut's Premium and Metal plans include cashback rewards on certain purchases. If you see this on your statement as a positive/credit entry, it's a reward payment. If it's appearing as a debit, contact your bank to query it.

Why does a Revolut top-up appear on my bank statement?

When you add money to your Revolut account from a linked bank account or debit card, it appears as a REVOLUT charge on your traditional bank's statement. The money hasn't left your control — it's sitting in your Revolut wallet. You can see it in the Revolut app.

Is Revolut a real bank?

As of 2024, Revolut received a UK banking licence. Previously it operated as an e-money institution. As a licensed bank, deposits up to £85,000 are now protected by the Financial Services Compensation Scheme (FSCS). Revolut is also regulated by the FCA.

What is REVOLUT on my bank statement?

Revolut — digital banking

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