Revolut Hikes Paid Plan Prices by Up to £60 a Year

Revolut is putting up the price of three of its four paid plans for UK customers, the first increase since early 2024. New customers have been paying the higher prices since 14 October. Existing subscribers move to them on 19 December 2026.

The change was published quietly in an update to Revolut’s UK fees page. The email most customers received the same day only mentioned a change to international transfer fees, which is actually the good news in the package.

What’s changing

Metal takes the biggest percentage hit. The monthly price is up 13%, but the annual price jumps 18%, which narrows the discount for paying upfront.

Standard stays free and Plus is untouched at £3.99.

What’s not changing

Everything else on the fees page is identical to the April version. Premium still gets £400 a month of fee-free ATM withdrawals, Metal £800 and Ultra £2,000, with 2% charged after that. All three keep unlimited currency exchange with no fair usage fee. Premium keeps its 20% discount on international transfer fees, Metal 40% and Ultra pays none. Card replacement fees, the £1,000 and £3,000 exchange limits on Standard and Plus, and the 1% and 0.5% fair usage fees above them are all unchanged.

In other words, you are paying more for the same product.

The sweetener: flat international transfer fees

The one customer-friendly change in the update is to international transfers in the recipient’s local currency. Revolut has scrapped the old 0.15% charge and replaced it with a single flat fee per currency.

Sending pounds to a US account used to cost 0.15% of the amount with an 80p minimum, so £5,000 cost £7.50. It is now a flat 75p regardless of size. Australian dollars are 30p, euros outside SEPA are free, and the most expensive common currency on the list is South African rand at £2.50.

For small transfers the saving is pennies. For anyone moving thousands at a time it is a real cut. The catch is that the transfer fee was never Revolut’s main cost. On the Standard plan, anything you exchange above £1,000 a month still attracts a 1% fair usage fee, and that is where the money goes.

Any new perks?

The fees page only lists prices, not benefits. When Revolut raised prices in the EEA in July 2026, it bundled in extra eSIM data (1GB a month on Premium, 3GB on Metal, 5GB on Ultra), Super Duolingo, Flo Premium and airport Fast Track for Ultra. Revolut’s UK Ultra page now lists 5GB of monthly eSIM data, up from 3GB, so some of that package appears to be arriving here. The full list sits in the Paid Plan Terms rather than the fees document.

Can you cancel without paying?

Yes, but how cleanly depends on how you pay and how far into your plan you are.

If you pay annually, nothing changes until your renewal date. You can cancel in the app at any time with no break fee, keep the plan until the end of the year you’ve already paid for, and drop to Standard after that. The new price only applies if you let it renew on or after 19 December.

If you pay monthly and you’re more than 10 months in (six months on Ultra), you can downgrade whenever you like. You pay for the current month and nothing else.

If you pay monthly and you’re less than 10 months in (six on Ultra), this is where it bites. Revolut’s standard rule is a break fee of two months’ subscription on top of the month you’re in, or one month on Ultra. A Metal customer who signed up in the summer and wants out would normally pay around £30 to leave.

A price rise is not a normal downgrade, though. Revolut’s own Paid Plan Terms say that if you’re given notice of a change and don’t accept it, you can close your account before it comes into effect, and under UK payment services rules that exit is free of charge. The snag is that the terms talk about closing the account, not downgrading to Standard. A free downgrade is at Revolut’s discretion.

Last time it exercised that discretion in customers’ favour. In the 2023 rise, Revolut waived the break fee for anyone who downgraded before the change date, and let monthly customers switch to annual at the old price for a further 12 months. Its terms say it will tell you in-app or by email if it’s willing to waive a fee, so the notification email is the thing to read carefully.

If it offers a free downgrade or an annual lock-in, take whichever suits. If it offers neither and you’re inside the break-fee window, ask in-app chat for the fee to be waived on the grounds that you don’t accept the price change. If that’s refused, make a formal complaint. Revolut has to respond in writing, and the Financial Ombudsman can look at it after that.

If the lock-in is offered again, switching to annual before 19 December means paying £80, £140 or £540 for the next year instead of £90, £165 or £595. Against staying monthly at the new prices, that’s a saving of £27.88 on Premium, £63.88 on Metal and £180 on Ultra.

Is it still worth it?

Premium’s core financial benefit is unlimited weekday currency exchange and £400 of ATM withdrawals. If you exchange less than £1,000 a month, the free Standard plan already covers you. Metal costs £96 a year more than Premium on monthly billing and buys travel insurance, £800 of ATM withdrawals and a 40% transfer discount that is now worth pence. Whether that beats a standalone travel policy depends on how often you fly.

The new prices apply to anyone signing up now. Existing customers have until 19 December to decide whether their plan still earns its keep.