In this article, you'll discover whether Revolut works in Ghana, explore some potential drawbacks if it is available, and consider the possibilities it offers. Stay tuned to find out more.
Does Revolut Work In Ghana?
Revolut is not available for full banking services in Ghana. However, users from other countries can send money to recipients in Ghana through Revolut's international money transfer services. This feature allows for easy and fast transfers with competitive rates.
Additionally, Revolut offers a Ghanaian Cedi currency card, which is designed for travelers from the UK to Ghana. This multi-currency card can be used for spending and ATM withdrawals in Ghana, providing a convenient option for managing money while traveling.
Fees and Charges for Using Revolut in Ghana
Here are some general costs that users might encounter when using Revolut in Ghana:
- 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 are mentioned for spending in Ghanaian Cedis. However, currency exchange fees may apply if converting from another currency.
- Currency conversion fees: Exchange fees above free conversion limits will apply for conversions.
- Withdrawal limits: Fee-free ATM withdrawals up to £200 for Standard and Plus plans, up to £400 for Premium plan, and up to £800 for Metal 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).
- Additional ATM fees: Some ATMs may charge additional access fees that Revolut cannot prevent.
Is Revolut the Best Option in Ghana?
Even if Revolut is available in Ghana, 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 5 free withdrawals per month, then fees apply.
- Currency exchange fees: Subject to fair-usage limits and weekend markups.
- Additional ATM fees: Some ATMs may charge extra fees that Revolut cannot prevent.
- Withdrawal limits: Fee-free withdrawals up to £200 for Standard plan users.
- Regional restrictions: Availability and functionality may vary based on location.
Alternatives to Revolut in Ghana
1) OneSafe
OneSafe is a leading alternative payment solution in Ghana, offering a seamless and user-friendly experience. With lower fees, robust customer support, and advanced security measures, OneSafe stands out as a superior option. Key features include simple onboarding, multi-currency support, and versatile payment options, making it ideal for global businesses.
OneSafe Reviews
Users have praised Onesafe for its comprehensive banking features, including ACH, Crypto, Wire deposits, and Virtual cards. The company is recognized as a "VERIFIED COMPANY" on Trustpilot, reflecting its credibility. Generally, users appreciate the robust support for various businesses and the seamless banking experience provided by Onesafe.
2) Wise
Wise offers a multi-currency account, international money transfers, and an international debit card, making it a practical alternative payment solution in Ghana. Key benefits include cost-effective transfers, transparency with no hidden fees, fast transactions, and robust security measures. Wise's global reach and high customer satisfaction further enhance its appeal.
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) ExpressPay
ExpressPay is a versatile payment solution in Ghana, offering features like API integration, QR code payments, bill payments, and point of sale devices. It supports bulk payments, USSD solutions, and secure money transfers, making it a reliable option for both consumers and businesses seeking efficient and secure transactions.
ExpressPay Reviews
ExpressPay has an overall rating of 3.9 out of 5 based on 6 reviews. Users have mentioned a lack of innovation, poor employee morale, and long hours.
Check out more ExpressPay reviews here.
Frequently Asked Questions about Revolut in Ghana
Can I open a Revolut account in Ghana?
No, Revolut does not currently support opening accounts for residents in Ghana.
Can I use my Revolut card in Ghana?
Yes, you can use your Revolut card for transactions and ATM withdrawals in Ghana.
Are there any fees for using Revolut in Ghana?
Yes, fees may include currency exchange fees, ATM withdrawal fees, and additional ATM access fees.
Can I send money to Ghana using Revolut?
Yes, Revolut allows international money transfers to recipients in Ghana with competitive rates.
Does Revolut offer customer support in Ghana?
Revolut provides customer support through its app, but local support in Ghana is limited.
Begin Your Journey with OneSafe Today!
Choosing the right payment solution in Ghana is crucial for seamless transactions and cost efficiency. While Revolut offers some services, alternatives like OneSafe provide more comprehensive features and lower fees. Explore OneSafe for a superior banking experience. Sign up today!
