On their standard plan, with the first £1k you're not paying for currency conversion, but you're paying a fee for the "international payment". I think that's a

On their standard plan, with the first £1k you're not paying for currency conversion, but you're paying a fee for the "international payment". I think that's a 0.3% fee capped at £5, but for a £1k transfer, that's a £3 fee right there. You can see this in their fee structure. https://www.revolut.com/legal/standard-fees https://www.revolut.com/legal/standard-fees ("A fee applies for international payments on our Standard and Plus plans") https://assets.revolut.com/legal/terms/International_Payments_Pricing_Sheet_22%20December%202021.pdf https://assets.revolut.com/legal/terms/International_Payment... If you're a die-hard Revolut user that subscribes for other reasons or do all your global banking with them, it's possible you'll end up with better overall economics with them. That segment of customers is fairly narrow and we're excited to offer everyone else a world-leading service.