How Revolut Pays in Dollars Automatically in NYC
45sThis segment clarifies a common user confusion about multi-currency spending, offering a practical tip that is highly shareable among frequent travelers.
▶ Play ClipAI Summary
This short clip explains how Revolut handles multi-currency payments when you're in New York and hold both dollars and euros. The key point is that Revolut automatically uses your dollar balance for dollar-denominated purchases, avoiding currency exchange and associated fees.
Chapters
[00:00]
Automatic Currency Selection
If you are in New York and have both dollars and euros, Revolut is smart enough to pay with dollars when the transaction is already in dollars.
[00:15]
Sufficient Balance Requirement
Revolut will only use your dollars if you have enough balance. For a $100 dinner with only $50 in dollars, it will not use the dollar balance.
[00:27]
No FX Fees
When Revolut uses your existing dollar balance, there is no currency conversion and no currency exchange commission.
Revolut simplifies international payments by automatically choosing the local currency balance when available, saving you from unnecessary conversion fees — as long as you have sufficient funds in that currency.
Mentioned in this Video
Study Flashcards (3)
How does Revolut decide whether to pay with dollars or euros in New York?
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How does Revolut decide whether to pay with dollars or euros in New York?
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Revolut automatically pays with dollars if the transaction is in dollars and you have sufficient dollar balance.
What happens if you have only $50 but the dinner costs $100?
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What happens if you have only $50 but the dinner costs $100?
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Revolut will not use your dollars because you don't have sufficient balance.
00:15
What fee is avoided when Revolut pays with your existing dollar balance?
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What fee is avoided when Revolut pays with your existing dollar balance?
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There is no currency exchange and no currency exchange commission.
00:27
💡 Key Takeaways
📊
Automatic Local Currency Usage
Shows a practical, user-friendly feature that saves money without requiring manual settings.
⚖️
Balance Sufficiency Rule
Clarifies the condition under which the automatic feature works, preventing user confusion.
00:15
📊
No FX Commission
Highlights the direct financial benefit of using a local currency balance.
00:27Full Transcript
[00:00] Y ahora estoy seguro que te preguntarás, oye, y si estoy en Nueva York, ¿cómo le digo a Revolut que quiero pagar con mis dólares y no con mis euros? Porque tengo las dos cosas. Vale, pues que sepas que Revolut es suficientemente inteligente como para pagar con dólares si algo ya está en dólares,
[00:15] si es que tienes saldo suficiente. Si vas a una cena que vale 100 dólares y tienes solo 50 dólares, pues no los va a usar porque no tienes saldo suficiente. si tienes más pues automáticamente Revolut como te decía es listo y va a utilizar tus dólares
[00:27] no hay cambio de divisa, no hay comisión de cambio de divisa
