In this article, you'll discover whether Revolut works in Egypt, explore some potential drawbacks if it is available, and consider the possibilities it offers for travelers and residents alike.
Does Revolut Work In Egypt?
Does Revolut work in Egypt? Revolut isn't available in Egypt. The service primarily targets users traveling from the UK and other countries to Egypt, offering an Egyptian Pound currency card for convenient spending.
While Revolut provides various financial services like multi-currency management and fee-free ATM withdrawals for travelers, it does not operate directly within Egypt. Users in Egypt cannot access Revolut's full range of functionalities, such as local money transfers or savings accounts.
Fees and Charges for Using Revolut in Egypt
Here are some general costs that users might encounter when using Revolut in Egypt:
- Currency exchange fees: Subject to fair-usage limits and weekend markups.
- ATM withdrawal fees: A maximum of 5 ATM withdrawals a month and up to £200 per rolling month are free. Anything over these limits is 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 Egyptian Pounds, 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.
- Plan costs: Standard Plan is free, Plus Plan costs £3.99/month, Premium Plan costs £7.99/month, Metal Plan costs £14.99/month, and Ultra Plan costs £45/month (introductory offer).
Is Revolut the Best Option in Egypt?
Even if Revolut is available in Egypt, it might not be the best option for users due to several limitations and restrictions that could impact the overall user experience.
- Limited local support: Revolut does not offer customer support based in Egypt.
- Currency exchange fees: Fees apply for currency conversions beyond free limits.
- ATM withdrawal limits: Free withdrawals are capped at £200 per month.
- Plan costs: Higher-tier plans can be expensive, with the Ultra Plan costing £45/month.
- Service availability: Full range of services like local transfers are not available in Egypt.
Alternatives to Revolut in Egypt
1) OneSafe
OneSafe is a leading alternative payment solution in Egypt, 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, making it a superior option for users in Egypt.
OneSafe Reviews
Users have praised OneSafe for its comprehensive banking features, including ACH, Crypto, Wire deposits, and Virtual cards. They appreciate the support for a wide range of businesses, making it a preferred choice for many. Notable achievements or awards were not mentioned, but the positive feedback highlights the company's strong performance in providing essential financial services.
2) Wise
Wise offers a multi-currency account, low-fee international transfers, and an international debit card, making it a practical payment solution in Egypt. Users benefit from cost-effective, transparent, and fast transactions, along with robust security measures and the convenience of managing multiple currencies in one account.
Wise Reviews
Wise has an overall rating of 4.3 out of 5 on Trustpilot. Users generally mention issues with the speed of transfers and difficulties with customer support. Check out more Wise reviews here.
3) Paypal
PayPal offers a secure and convenient payment solution in Egypt, allowing users to send and receive money globally. Key features include buyer protection, 24/7 fraud monitoring, and the ability to link multiple cards. These benefits make PayPal a reliable option for both personal and business transactions.
Paypal Reviews
PayPal has a rating of 4.4 out of 5 stars. Users generally mention high transaction fees and occasional complaints about the length of the dispute resolution process. Check out more PayPal reviews here.
Frequently Asked Questions about Revolut in Egypt
Can I open a Revolut account if I live in Egypt?
No, Revolut accounts are not available for residents of Egypt.
Can I use my Revolut card for payments in Egypt?
Yes, you can use your Revolut card for payments in Egypt if you are a traveler.
Are there any fees for using Revolut in Egypt?
Yes, fees may include currency exchange fees, ATM withdrawal fees, and plan costs.
Does Revolut offer customer support in Egypt?
No, Revolut does not provide customer support based in Egypt.
Can I withdraw cash from ATMs in Egypt using Revolut?
Yes, but free withdrawals are limited to £200 per month, with fees beyond that.
Begin Your Journey with OneSafe Today!
Choosing the right payment solution in Egypt is crucial for seamless financial transactions. While Revolut has limitations, OneSafe offers a comprehensive alternative with lower fees and better support. Explore OneSafe for a superior financial experience. Sign up today!
