In this article, you'll discover whether Revolut works in Thailand, explore some potential drawbacks if it is available, and consider the possibilities it offers for travelers and residents alike.
Does Revolut Work In Thailand?
Revolut is available for use in Thailand, allowing users to spend and withdraw Thai Baht through its multi-currency card. The card can be ordered via the Revolut app and is accessible to users in over 30 countries. This makes it convenient for travelers and residents to manage their finances while in Thailand.
In terms of functionalities, Revolut offers fee-free ATM withdrawals up to a certain limit, instant transaction notifications, and the ability to set spending limits. Users can also benefit from competitive currency exchange rates and manage their finances through the Revolut app. However, some ATMs may charge additional fees, and there are fair-usage limits on currency exchanges and withdrawals.
Fees and Charges for Using Revolut in Thailand
When using Revolut in Thailand, there are several fees and charges to be aware of:
- Currency Exchange Fees: Subject to fair-usage limits and weekend markups.
- ATM Withdrawal Fees: Fee-free up to certain limits depending on the plan, with a 2% fee or a minimum of £1 for withdrawals beyond these limits.
- ATM Access Fees: Some ATM providers may charge additional fees.
- Plan Costs: Different plans have different monthly fees:
- Standard: Free
- Plus: £3.99/month
- Premium: £7.99/month
- Metal: £14.99/month
- Ultra: £45/month (Introductory offer)
Is Revolut the Best Option in Thailand?
Even though Revolut is available in Thailand, it might not be the best option for users due to certain limitations and restrictions that could affect the overall convenience and cost-effectiveness of using the service.
- Currency exchange fees: Subject to fair-usage limits and weekend markups.
- ATM withdrawal limits: Fee-free up to £200 per month, then 2% fee applies.
- ATM access fees: Some ATMs may charge additional fees that Revolut cannot prevent.
- Conversion fees: Apply when withdrawing in a currency not held in the wallet.
- Limited free withdrawals: Only five fee-free ATM withdrawals per month.
Alternative Payment Solutions in Thailand
1) OneSafe
OneSafe stands out as a leading alternative payment solution in Thailand, offering a seamless user experience, lower fees, and exceptional customer support. With features like simple onboarding, multi-currency support, and state-of-the-art security, OneSafe provides a superior option for managing global payments efficiently and securely.
OneSafe Reviews
OneSafe has received positive feedback from users who appreciate its seamless user experience, lower fees, and exceptional customer support. With a TrustScore of 3.2 out of 5, users generally commend the company for its simple onboarding process and state-of-the-art security features. Check out more of our reviews here!
2) Wise
Wise is a reliable alternative payment solution in Thailand, offering real exchange rates with no hidden fees, cost-effective international money transfers, and multi-currency accounts. With high ratings on App Store and Google Play, Wise ensures secure transactions and fast transfer times, making it a practical choice for managing global payments.
Wise Reviews
Wise has an all-time rating of 4.7 out of 5 based on 23 reviews, with a recent rating of 4.5 out of 5 from 2 reviews. Users generally mention issues with money transfers being returned without notification and challenges with document approval processes. Check out more Wise reviews here.
3) Paypal
PayPal offers a reliable alternative payment solution in Thailand, featuring secure transactions, global payment acceptance, and 24/7 fraud monitoring. Users can link multiple cards, enjoy Buyer Protection on eligible purchases, and send invoices easily. These features make PayPal a practical choice for both personal and business transactions.
Paypal Reviews
PayPal has an overall rating of 4.4 out of 5 stars based on 2,112 reviews. Users generally mention high transaction fees and poor customer support. Check out more PayPal reviews here.
Frequently Asked Questions about Revolut in Thailand
Can I use Revolut to withdraw cash in Thailand?
Yes, you can withdraw Thai Baht from ATMs, but fees may apply after certain limits.
Are there any fees for using Revolut in Thailand?
Yes, fees include currency exchange fees, ATM withdrawal fees, and potential ATM access fees.
Does Revolut offer competitive exchange rates in Thailand?
Revolut provides competitive exchange rates, but be aware of fair-usage limits and weekend markups.
Can I use Revolut for online purchases in Thailand?
Yes, Revolut can be used for online purchases in Thailand, supporting multiple currencies.
Is Revolut widely accepted in Thailand?
Revolut is accepted at most places that accept Visa or Mastercard, but acceptance may vary.
Conclusion
Choosing the right payment solution in Thailand is crucial for managing finances effectively. While Revolut offers various features, alternatives like OneSafe provide lower fees and better support. Explore OneSafe for a seamless experience and superior security. Ready to make the switch? Sign up today!