In this article, you'll discover whether Revolut works in Bahrain, explore some potential drawbacks if it is available, and consider the possibilities it offers for users in the region.
Does Revolut Work In Bahrain?
Does Revolut work in Bahrain? Revolut isn't available in Bahrain for residents. The service primarily targets travelers from the UK and other countries who need a multi-currency card for spending in Bahraini Dinars.
While Revolut offers functionalities like fee-free ATM withdrawals, setting spending limits, and instant payment notifications, these features are designed for users visiting Bahrain rather than residents. The card can be used for payments and ATM withdrawals in 150+ currencies wherever Mastercard and Visa are accepted.
Fees and Charges for Using Revolut in Bahrain
Here are some general costs that users might encounter when using Revolut in Bahrain:
- Currency exchange fees: Subject to fair-usage limits and weekend markups.
- ATM withdrawal fees: Fee-free up to certain limits based on the plan. Withdrawals beyond these limits are charged at 2% of the value of the ATM withdrawal or a minimum fee of £1 (whichever is greater).
- Transaction fees: No specific transaction fees for spending in Bahraini Dinars, but currency exchange fees may apply if spending in a currency not held in the wallet.
- Currency conversion fees: Exchange fees above free conversion limits will apply for conversions.
- Additional ATM access fees: Some ATMs may charge additional access fees that Revolut cannot prevent.
Is Revolut the Best Option in Bahrain?
Even if Revolut is available in Bahrain, it might not be the best option for users due to certain limitations and restrictions that could affect the overall user experience.
- Limited ATM withdrawals: Only five free withdrawals per month, then fees apply.
- Currency exchange fees: Subject to fair-usage limits and weekend markups.
- Potential ATM access fees: Some ATMs may charge additional fees beyond Revolut's control.
- Conversion fees: Fees apply when withdrawing in a currency not held in the wallet.
- Spending limits: Users must manage spending limits to avoid extra charges.
Alternatives to Revolut in Bahrain
1) OneSafe
OneSafe is a leading alternative payment solution in Bahrain, offering ease of use, lower fees, and superior customer support. With features like simple onboarding, global payments, and multi-currency support, OneSafe provides a seamless and efficient financial experience tailored for modern businesses.
OneSafe Reviews
OneSafe is highly praised by users for its comprehensive services, including ACH, Crypto, Wire deposits, and Virtual cards. Users appreciate the support for most businesses, making it a preferred choice for many. The company is recognized for its ease of use and efficient financial solutions.
2) Wise
Wise offers a robust alternative payment solution in Bahrain, featuring multi-currency accounts, international money transfers, and Wise cards for global spending. Users benefit from lower fees, transparent pricing, and real-time exchange rates. Additionally, Wise ensures secure transactions with features like 2-factor authentication and dedicated fraud teams.
Wise Reviews
Wise has an overall rating of 4.7 out of 5 based on 86 reviews. Users have reported issues with money transfers being returned without notification and challenges with document approval.
Check out more Wise reviews here.
3) Paypal
PayPal offers a secure and convenient payment solution in Bahrain, featuring global reach, 24/7 fraud monitoring, and Buyer Protection. Users can link multiple cards for easy checkout and send money internationally with ease. Additionally, PayPal supports online shops and remote payment acceptance, making it a versatile option.
Paypal Reviews
PayPal has a rating of 4.4 out of 5 stars. Users have mentioned high transaction fees and a lengthy dispute resolution process.
Check out more PayPal reviews here.
Frequently Asked Questions about Revolut in Bahrain
Can residents of Bahrain open a Revolut account?
Residents of Bahrain cannot open a Revolut account as the service is not available locally.
Can I use my Revolut card in Bahrain?
Yes, you can use your Revolut card for payments and ATM withdrawals in Bahrain.
Are there any fees for using Revolut in Bahrain?
Fees may include currency exchange fees, ATM withdrawal fees, and potential additional ATM access fees.
Does Revolut support Bahraini Dinars?
Revolut supports spending in Bahraini Dinars, but currency exchange fees may apply if needed.
What are the spending limits for Revolut in Bahrain?
Spending limits depend on your Revolut plan and can be managed through the app.
Begin Your Journey with OneSafe Today!
Choosing the right payment solution in Bahrain is crucial for seamless financial transactions. While Revolut has its limitations, OneSafe stands out with its lower fees, superior support, and multi-currency capabilities. Explore OneSafe for a more efficient financial experience. Sign up to OneSafe today!
