Understanding Revolut's Free ATM Withdrawals and a Common Misconceptio
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Understanding Revolut's Free ATM Withdrawals and a Common Misconceptio
A popular feature of Revolut remains its free ATM withdrawals, allowing users to withdraw cash up to a certain amount each month without fees. This raises questions about how it works in practice and what happens with Hungary's "free cash withdrawal declaration."

Depending on the Revolut plan, a monthly fee-free ATM limit is provided:

  • Standard / Plus: smaller limit (typically around 75,000 HUF)
  • Premium: higher limit (around 150,000 HUF)
  • Metal / Ultra: even higher limits

Beyond this limit, a fee of approximately 2% or a minimum fixed amount is generally charged.

In Hungary, there is a separate legal benefit allowing monthly fee-free ATM withdrawals up to a certain amount (150,000 HUF until 2026, then 300,000 HUF, with 150,000 HUF per transaction, 2 transactions per month) if you declare it at a bank.

The key point often misunderstood:

  • This benefit can only be applied at one bank at a time.
  • If you wish to use it at another bank or provider, the previous one is canceled.
  • Thus, it is not "active everywhere at once," but only active in one place at a time.

What does this mean for Revolut?

The benefit typically applies to Hungarian bank accounts. Revolut, as an EU fintech bank, is not always treated the same as a Hungarian bank account.

In practice:

  • many use the declaration with their Hungarian bank
  • and manage the Revolut ATM limit separately

What happens if you "transfer" the benefit?

If you request free cash withdrawal at another bank (or provider):

  • the previous request automatically terminates
  • it does not run concurrently in two places
  • and you must reactivate it if you want it back

Sources:
mnb.hu
otpbank.hu

Created: 2026-05-30 11:05
Last modified: 2026-07-09 14:38

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