Revolut in the Netherlands: plans, costs, pros and cons

What Revolut is

A bank you use through an app. In the Netherlands it’s Revolut Bank UAB: licensed in Lithuania, with a Dutch branch in Amsterdam that De Nederlandsche Bank and the AFM also supervise.

• Dutch IBAN. If you live in the Netherlands, your account number starts with NL. You can use it for your salary and direct debits.
• Your money is protected up to €100,000 by the Lithuanian deposit guarantee, not the Dutch one. It works the same way: if the bank fails, you get your money back up to that amount.

Plans and prices

Plan	Free cash a month	Exchanging money
Standard Free	5 withdrawals or €200	Free up to €1,000 a month on weekdays. 1% above that, and 1% at weekends
Plus €3.99 a month	€200	0.5% at weekends and above a monthly limit
Premium €10.99 a month	€400	No extra fee
Metal €19.99 a month	€800	No extra fee
Ultra €65 a month (introductory price)	See the app	No extra fee

After the free allowance, a cash withdrawal costs 2%, at least €1. The ATM owner may charge its own fee on top.

The paid plans mostly add more free cash, no exchange fees and extras like travel cover. For everyday spending in euros, the free plan already does the job.

What’s good

• The free plan is really free, with a Dutch IBAN and a card.
• Paying abroad in another currency uses Revolut’s rate, with no extra fee on weekdays within your monthly allowance.
• Top up with iDEAL from your other Dutch bank. It’s free, but the name on both accounts must match.

Watch out for

• Weekends. On Standard, exchanging money between Friday 17:00 and Sunday 18:00 (US Eastern time) costs 1% extra. Pay in euros or exchange on a weekday.
• The €1,000 monthly exchange limit on Standard. Above it you pay 1%.
• Cash. Only 5 withdrawals or €200 a month are free on Standard.
• Older accounts. If you opened your account before the Dutch branch started, you may still have a Lithuanian IBAN (LT…) until Revolut moves you over.

The invite reward (the “Revolut code”)

There is no public promo code. A “Revolut code” is someone’s personal invite link. Revolut’s terms say the reward goes to the person who invites you, the amount is personal, and it’s shown only in their app. If a site promises “€80 with this code”, be careful: we found no official figure for the Netherlands.

The inviter’s reward can be taken back if a step is undone, for example if the new account is closed within 14 days.

Does the reward differ by country?

Yes. It can depend on the country the new person lives in. Revolut’s own country table lists only Brazil and Mexico; for the Netherlands it’s whatever the invite in the app shows.