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, offering a range of functionalities for both travelers and residents. Users can access services such as international money transfers, currency exchange, and the Thai Baht travel money card, which allows for seamless spending in Thai Baht.
Additionally, Revolut provides features like fee-free ATM withdrawals up to certain limits, budgeting tools, and the ability to hold multiple currencies. However, users should be aware of potential currency exchange fees and ATM access fees that may apply.
Fees and Charges for Using Revolut in Thailand
Here are some general costs that users might encounter when using Revolut in Thailand:
- Currency Exchange Fees: Currency exchange fees are subject to fair-usage limits and weekend markups.
- ATM Withdrawal Fees: 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).
- Transaction Fees: No specific transaction fees mentioned, but currency exchange fees and ATM withdrawal fees apply as per the plan limits.
- Currency Conversion Fees: Exchange fees above free conversion limits will apply for conversions.
- Additional ATM Provider Fees: Potential additional fees charged by ATM providers that Revolut cannot prevent.
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.
- Currency Exchange Fees: Subject to fair-usage limits and weekend markups.
- ATM Withdrawal Limits: Fee-free withdrawals are limited based on the user's plan.
- Additional ATM Fees: Some ATMs may charge extra fees that Revolut cannot prevent.
- Transaction Limits: Maximum of 5 ATM withdrawals per month without additional charges.
- Conversion Fees: Users must avoid ATM currency conversion to get the best rates.
Alternatives to Revolut in Thailand
1) OneSafe
OneSafe stands out as a leading alternative payment solution in Thailand, offering a seamless and user-friendly experience. With lower fees, efficient onboarding, and robust customer support, OneSafe ensures smooth global payments and multi-currency support, making it a superior choice for businesses and individuals alike.
OneSafe Reviews
OneSafe has received positive feedback for its comprehensive banking services, including ACH, Crypto, Wire deposits, and Virtual cards. Users appreciate the platform's support for most businesses and its user-friendly experience. The company is praised for its efficient and versatile financial solutions, making it a preferred choice for many.
2) Wise
Wise offers a reliable alternative payment solution in Thailand, featuring a multi-currency account, international money transfers, and a Wise debit card. Users benefit from lower costs, no hidden fees, and robust security measures, making it a practical choice for managing money across borders.
Wise Reviews
Wise has an overall rating of 4.7 out of 5 based on 86 reviews. Users generally report 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 Thailand, allowing users to send money globally, shop online, and link multiple cards for flexible payments. Key features include 24/7 fraud monitoring, Buyer Protection on eligible purchases, and customizable digital payment options for businesses, making it a reliable choice for various financial needs.
Paypal Reviews
PayPal has an overall rating of 4.4 out of 5 stars. Users generally report high transaction fees and a lengthy dispute resolution process.
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 cash from ATMs in Thailand using your Revolut card.
Are there any fees for using Revolut in Thailand?
Fees may apply for currency exchange, ATM withdrawals beyond limits, and additional ATM provider fees.
Does Revolut support Thai Baht?
Yes, Revolut supports Thai Baht, allowing you to hold and spend in the local currency.
Is Revolut widely accepted in Thailand?
Revolut is accepted at most places that accept Visa or Mastercard in Thailand.
Can I transfer money to Thai bank accounts with Revolut?
Yes, you can transfer money to Thai bank accounts using Revolut's international money transfer service.
Begin Your Journey with OneSafe Today!
Choosing the right payment solution in Thailand is crucial for seamless financial transactions. While Revolut offers various features, alternatives like OneSafe provide lower fees and robust support. Explore OneSafe for a superior experience. Sign up to OneSafe today!
