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Revolut Premium Review: Is It Worth Upgrading Your Revolut Plan?

Category Merida , Mexico Updated on January 18, 2024

Are you considering upgrading to Revolut Premium ?

The Revolut Premium card offers a lot more benefits than the free Standard plan.

But the truth is, it’s not going to be worth it for everyone.

In this Revolut Premium review , you’ll learn everything that the Premium plan has to offer to help you decide where you should upgrade.

You can also check out my complete Revolut Review to see everything that Revolut has to offer.

What is Revolut Premium?

Revolut Premium is a paid plan that Revolut offers.

It unlocks a lot of extra benefits for Revolut users.

The most significant benefit is the unlimited foreign exchange at the interbank exchange rate through the Revolut app. You’ll also get access to other exclusive features for:

• Travel benefits
• Security and protection
• Savings and investments
• Customer support

Revolut Premium is Revolut’s mid-tier plan that sits between the Free Standard plan and the higher-tier Metal plan.

Revolut Premium Review Of Key Features

Revolut Premium comes with a bunch of cool features .

I will do a Revolut Premium review of the top ones to help you decide if upgrading your plan is worth it.

It’s worth noting that Revolut offers different features depending on your country. I have covered each country as best as possible to point out individual features.

Let’s dive in!

Unlimited Foreign Exchange And Transfers

Foreign exchange fees add up when you’re overseas.

With Revlout Premium, that’s an issue of the past. You can send money overseas at the real international exchange rate. This means you can check the current exchange rate in Google and it will be very similar to what Revolut is offering.

I have found that Revolut’s exchange rate is better in some cases.

Need to send money overseas?

You can do direct bank transfers into over 140+ foreign currencies through the Revolut app at the interbank exchange rate. Your first 10 transfers each month on Revolut are free in most countries.

Revolut also allows you to hold money in 10+ fiat currencies. They can supply local bank account details so you can even receive money in foreign currencies.

This can save you a ton of money if you get paid in a different currency from your home currency.

It’s also possible to set up direct debit and recurring transfers on Revolut as well!

The unlimited foreign exchanges and transfers are what make Revolut Premium so attractive.

You will save a ton of money overseas while using the debit card and it certainly beats using traditional banks.

The Standard Revolut plan caps the amount of free currency exchanges you can make each month. If you use Revolut as your everyday debit card, the Premium plan will save you a lot of money.

The currency exchange benefits on Revolut are the best of any digital bank available at the moment!

No Fees On ATM Cash Withdrawals

Here’s the truth:

I hate paying ATM withdrawal fees. If you have ever stomached the $8 USD fee that Thailand banks charge to make an ATM withdrawal, you’ll know what I mean.

Revolut Premium members get free ATM withdrawals worldwide up to a certain amount. That means that Revolut won’t charge you any fees.

Unfortunately, you might still have to pay fees that the ATM charges, but you can even avoid this in some cases.

The amount you can withdraw depends on where you are from. Here’s a quick breakdown:

• United States – $1200 USD/month withdrawal limit
• Australia – $700 AUD/month withdrawal limit
• UK – £400/month withdrawal limit
• Europe – €400/month withdrawal limit

These limits are about double what the free Revolut Standard plan offers. The Standard plan also only allows you to make 4 ATM cash withdrawals per month.

After you reach the withdrawal limits, you will pay a 2% fee for each withdrawal you make.

This is a pretty good benefit because the withdrawal fees you end up paying on the Standard plan almost cover the Premium plan fees.

If you are traveling to a country where cards are not widely accepted, Premium will save you fees on ATM withdrawals.

One-Time Use Virtual Cards

All Revolut members get access to virtual cards.

These are basically debit cards that only exist within the app itself. You can use the card details to make transactions online without needing a physical card.

Revolut Premium members can unlock one-time-use disposable virtual cards.

That means once you use the card, it’s automatically deleted. Why would you need this?

Firstly it offers a new level of protection. If you make a transaction online and someone steals your card details, it doesn’t matter as much. They won’t be able to use those details again anyway.

Personally, I use it for online payment subscriptions that I’m not sure I want to automatically renew.

When I sign up for something, I put in my one-time-use virtual card so that it can’t be automatically renewed. This is just in case I forget to cancel the subscription if I decide I don’t want it.

Free Global Express Delivery

Most regular banks will only ever send a new credit or debit card to your registered home address.

Revolut will send it anywhere you happen to be!

That means if you’re traveling in a foreign country, Revolut will deliver the card directly to you. This alone is a huge benefit that I have taken advantage of multiple times.

With Revolut Premium, you get Free express delivery of your new card.

Express means you will receive the card within 1-3 business days. You’ll also get free tracking, so you always know where your new card is. I ordered my Revolut Premium card when we were in Bali, Indonesia and it took exactly 3 business days!

This is a big step up from the free Revolut Standard plan.

With Standard, you have to pay your card’s delivery cost and you only get Standard delivery times – usually about 7-11 business days.

LoungeKey Pass Access

Airport lounge access has become a big thing for travelers, remote workers and digital nomads.

And I get it…

Who wouldn’t rather sit in a comfortable lounge area enjoying good wifi and free food?

Ashley and I love a good lounge and we have used the Revolut LoungeKey Pass a number of times.

It gives you access to a network of over 1,000+ airport lounges worldwide.

This network basically includes at least 1 lounge (often 4-5) in every major airport in the world. It can even include smaller airports, especially in the US.

LoungeKey Pass isn’t free.

What’s the benefit then?

You can purchase lounge passes at a discount. Depending on the lounge, you will typically pay about $30 to $35 USD per pass. This is usually 50% to 30% cheaper than you would pay if you just walked up to the lounge.

For 3+ hour layovers, we almost always take a lounge and Revlout usually gets us the best deal.

We usually end up spending $15 to $20 on food and drinks anyway, so you might as well pay that bit extra and enjoy a comfortable lounge as well.

How does LoungeKey Pass work?

On the Revolut app, search for the airport you’re at (you can also buy the passes in advance).

Revolut will then display the lounges that you can access and the features of each lounge.

Now you just select the lounge you want and pay the fee. The fee is deducted from your Revolut balance. You’ll immediately get a QR code that you can take to the lounge and they will let you in. Easy!

The whole process is smooth and instant. While this feature isn’t going to be for everyone, it will save you money if you like to use Airport lounges.

Smart Delay Free Lounge Passes

Want a free lounge pass?

Smart Delay is a feature that can get you and someone else a free lounge pass whenever your flight is delayed by 1 hour or more.

Here’s how it works:

Insert your flight number and flight information into the Revolut app.

Revolut will track your flight and the moment it is delayed by for than 1 hour, they will issue you with 2 free lounge pass QR codes. You take the QR codes to the lounge and you’ll get access for free.

You do have to use the lounge passes within 48 hours. After that, they will expire.

The thing I love about this feature is that Revolut doesn’t try to be stingy. You just put the flight number in and Revolut does the rest. You don’t even need to tell them if your flight is delayed.

Everything is done automatically.

We got free lounge passes once with Smart Delay when flying from Mexico City to Merida as digital nomads . The flight was delayed by an hour and 30 minutes and Revolut delivered the free lounge passes instantly.

I was really impressed.

Travel Insurance & Medical Insurance

Premium Revolut members in the European Economic Area, the United Kingdom and the United States get travel and medical insurance included in their plan.

Australian Premium Revolut users don’t have this benefit and it doesn’t look like Revolut is planning to add it anytime soon.

The above image is the insurance included in Revolut in the United States. Revolut travel insurance differs in benefits, deductibles and max limits in each individual country so make sure you double-check yours.

The Revolut Premium card travel insurance covers:

• Foreign accidental emergency medical expenses
• Emergency dental treatment
• Trip interruption and cancelation protection
• Delayed flights over 4 hours
• Delayed luggage over 4 hours
• Lost or damaged baggage protection

Having insurance included in your plan is a pretty significant benefit, but there are some criteria you need to meet.

Revolut Premium card only covers you for trips that don’t exceed 90 days. You also must have a return flight booked back to your home country.

Now for the big question…

Can you actually rely on Revolut Premium travel insurance?

Yes, you can as long as you meet the requirements to claim. But in all honesty, it’s not a great level of travel insurance. It’s not nearly as good as key competitors like the N26 black card or an AMEX credit card.

Make sure you check out their full policy before leaving for your trip to see if it’s right for you.

As digital nomads, the Revolut Premium insurance doesn’t work for us because we are gone for more than 90 days at a time. Instead, we use SafetyWing or Genki to cover us for travel insurance.

Looking for a good travel insurance provider as a nomad? These companies offer the best travel insurance for digital nomads . If you want a higher level of coverage you might prefer health insurance . Make sure you check out our complete guide on the best digital nomad health insurance .

Priority Customer Support

Support is a big issue on Revolut Standard.

It can take 4-12 hours for their customer service team to message you back. Have a time-sensitive issue? You could be in some trouble.

But that changes with the Revolut Premium Plan.

You get priority customer support which means you’ll get an instant reply. The level of customer service I have experienced has also been much better on Premium than when I was on the free Standard plan.

It’s certainly a significant benefit to getting issues sorted quickly.

Exclusive Premium Design Card

You can’t have a Premium plan without a better card, right?

Revolut Premium cardholders get to choose between 3 different Premium card colors:

You’ll also get an exclusive Premium card design so that people know you are a Premium cardholder. While it’s not as cool as the Metal card, I like that Revolut has done something to make Premium cardholders stand out.

Premium Security & Travel Protection

Revolut security features are excellent.

You can check out the in-app account security features here . But Premium UK and European plan members get a better level of protection while traveling.

The benefits include:

• Theft and purchase protection up to £2,500 per year
• Event ticket purchase protection up to £1000 for UK accounts and €1000 for European accounts per year
• 90-day purchase protection

These benefits offer a decent level of protection if someone steals your card while you’re traveling.

Savings & Investments

Revolut offers a number of saving and investment tools.

This includes:

• Crypto trading
• Stock trading
• Commodities trading
• Savings interest

Revolut Premium cardholders can trade cryptocurrency, stocks and commodities at a cheaper rate.

In the UK and Europe, you pay a 1.5% fee when trading, which is slightly better than the 2.5% that Standard members pay.

You can trade commission-free in the US and Australia anyway, so there are no extra benefits here.

Revolut US and UK Premium plan members also get a better savings rate. You will earn 0.07% APY (Annual percentage yield) on your savings in the United States and 0.40% annual interest paid daily with Savings Vaults in the United Kingdom.

While this isn’t amazing, you get some benefit from storing your money in a Revolut savings vault.

European Revolut members will start to earn interest on savings in 2022.

Revolut Australia doesn’t currently offer any interest on savings and there isn’t any plan to add it in at this stage.

Revolut Premium Pricing

Revolut Premium offers very affordable pricing .

This is how much the current monthly payment is:

• United States – $9.99 USD per month
• United Kingdom – £7.99 per month
• Europe – €8.99 per month
• Australia – $9.99 AUD per month

I think these plans are actually great value for money. The amount of benefits you get far outweighs the amount you pay. The money you save in foreign transactions alone can more than cover the cost of your monthly fee.

Here’s the problem:

You have to sign up for 12 months.

That means that you’re locked in for an entire year. What happens if you want to cancel early?

Revolut will charge you for 2 months as a dishonor fee. While that’s not the worst, it’s something to keep in mind if you are considering upgrading your account.

What if you want to upgrade to Revolut Metal?

You can upgrade your account to Metal at any time without paying any extra fees (except for the additional cost of the Metal plan). You only have to pay the dishonor fee when you downgrade to the free Standard plan.

Keep in mind that when you upgrade your plan from Premium to Metal, the 12-month period starts again.

You can also save 20% if you pay the entire year upfront instead of paying monthly. This is a good idea if you have the cash and are completely committed to Revolut.

Pros And Cons of Revolut Premium

As you can see, Revolut has done a good job of offering some solid benefits for the Premium plan.

Here’s a breakdown of the Pros and Cons of Revolut Premium:

Revolut Premium Pros

• Lots of great features that will benefit digital nomads, travelers and remote workers
• Not that expensive when compared with other travel cards and digital banks
• Unique and exclusive card design and choice of three colors
• Double the free ATM withdrawal limits for most countries including Europe, the UK and Australia
• Lower cryptocurrency and stock trading service fees at just 1.5%.
• Easy and fast plan upgrade process
• Express delivery of Premium card is only 2-5 business days

Revolut Premium Cons

• Have to commit to 12 months on the Premium Plan
• Travel insurance covers trips only up to 40 days
• Plan benefits can vary significantly depending on your country of residence

Revolut Premium vs Revolut Standard vs Revolut Metal

Looking for a direct comparison of all the plans that Revolut offers?

Here is a curated breakdown of the features and benefits of the Revolut Standard, Premium and Metal cards.

New Revolut Plus Card

Revolut has recently launched the Plus plan.

They have only rolled it out to UK and European citizens and residents. It costs:

• United Kingdom – £3.99 per month
• Europe – €3.99 per month

The extra benefits might be worth it for some people because the pricing is so low. The Revolut Plus additional features include:

• 24/7 priority customer support
• Better international ATM cash withdrawals
• £1,000/year limit purchase protection
• Higher interest on your savings

Personally, it hasn’t got me that excited because you might as well just make the jump to Premium at that point.

We will have to see if they roll it out to Australia and the United States in the future.

Wrapping It Up

Revolut is a great digital banking solution.

The Revolut Premium plan adds more benefits to the already great Revolut debit card and app.

But the main question…

Is it worth paying the fee and upgrading your plan to Revolut Premium?

Yes, if you are traveling regularly and use Revolut as your primary way to make everyday card payments, it’s a no-brainer in my opinion.

The unlimited foreign exchange and international transfers are big benefits that alone make it worth it. The extras can also be beneficial depending on your situation.

Sign up for Revolut Premium here .

It might even be worth you upgrading to the Metal card plan, which I am now on.

If you don’t travel regularly or mostly travel in your home country, Revolut Premium won’t offer as many benefits. This is especially true if you can’t take advantage of the included travel insurance.

Want to learn all the benefits you get with Revolut? Check out my full Revolut Review .

Frequently Asked Questions

What benefits do you get with revolut premium.

With Revolut Premium you get a whole bunch of benefits. You’ll get unlimited foreign exchange transfers, high ATM withdrawal limits and a ton of extra travel features. The benefits you can get from Revolut Premium far outweigh the fees you pay for it.

Is Revolut Premium worth getting?

Yes, Revolut Premium is worth getting if you travel regularly and plan to use Revolut as your everyday card. The savings alone on the international transaction fees make it worth the monthly fee.

How much is Revolut Premium a month?

The price of Revolut per month varies depending on your country. Here’s how much Revolut Premium costs per month in each country:

- United States: $9.99 USD per month - United Kingdom: £7.99 per month - Europe: €8.99 per month - Australia: $9.99 AUD per month - Singapore: $9.99 SGD per month - Japan: ¥980 per month

What is the difference between Revolut Premium and Metal?

The difference between Revolut Premium and Metal is the benefits you get. With Revolut Metal you get higher free ATM withdrawal limits, 1% cashback on international transactions, a card made from real Metal, higher purchase protection and better travel features.

What happens if I want to cancel Revolut Premium?

Revolut Premium plans are locked in for 12 months, which means that if you cancel your plan or want to downgrade to Standard, you will need to pay a dishonor fee (equal to two months of your plan).

If you cancel within 14 days, you will receive a full refund of the fees you paid, minus the cost of the Premium card and postage.

If you cancel after 10 months, you will not receive any refund but will also not need to pay the dishonor fee.

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Revolut travel insurance review.

Are you planning a trip and in need of travel insurance? Look no further than Revolut. Revolut offers a comprehensive travel insurance plan that covers everything from medical expenses to lost luggage. In this review, we will take a closer look at Revolut’s travel insurance plan and its benefits.

What is Revolut Travel Insurance?

Revolut Travel Insurance is a policy that covers individuals for medical emergencies, cancellations, and lost or stolen possessions while traveling. The policy is available to Revolut app users and can be purchased as a one-time policy or as part of a subscription.

What does Revolut Travel Insurance cover?

Revolut Travel Insurance includes coverage for medical emergencies, trip cancellations or interruptions, lost or stolen possessions, personal liability, and legal expenses. The policy provides up to £15 million in medical coverage and up to £6,000 for trip cancellations or interruptions.

How do I purchase Revolut Travel Insurance?

To purchase Revolut Travel Insurance, you must be a Revolut app user. The insurance policy can be purchased in the app under the ‘Insurance’ tab. You can purchase a one-time policy for a single trip or a subscription that covers all your trips for the year.

What are the benefits of Revolut Travel Insurance?

One of the biggest benefits of Revolut Travel Insurance is its ease of purchase. Because it is available within the Revolut app, it only takes a few clicks to purchase a policy. Additionally, the policy provides coverage for a wide range of travel-related issues, including medical emergencies, lost or stolen possessions, and legal expenses. The policy is also relatively affordable, with prices starting at just £1 per day.

Are there any drawbacks to Revolut Travel Insurance?

While Revolut Travel Insurance is a great option for many travelers, there are some drawbacks to consider. First, the policy is only available to Revolut app users. Additionally, the policy has some limitations, such as not covering extreme sports or certain pre-existing medical conditions. Finally, the policy’s coverage limits may not be sufficient for travelers who require more extensive coverage.

Overall, Revolut Travel Insurance is a great option for many travelers. Its ease of purchase, comprehensive coverage, and affordability make it an attractive choice. However, travelers should carefully review the policy’s limitations and coverage limits before purchasing to ensure that it meets their specific needs.

Frequently Asked Questions

What is the cost of revolut travel insurance.

The cost of Revolut Travel Insurance varies depending on the number of days you will be traveling and your location. Prices start at just £1 per day for European travel and £2 per day for worldwide travel.

Can I purchase Revolut Travel Insurance if I am not a Revolut app user?

No, Revolut Travel Insurance is only available to Revolut app users. If you are not a Revolut app user, you will need to download the app and create an account to purchase the insurance policy.

Do I need to declare any pre-existing medical conditions when purchasing Revolut Travel Insurance?

Yes, you will need to declare any pre-existing medical conditions when purchasing Revolut Travel Insurance. Failure to do so may invalidate your policy.

How do I make a claim with Revolut Travel Insurance?

To make a claim with Revolut Travel Insurance, you must report the incident as soon as possible within the app. You will then be provided with instructions on how to submit your claim and any documentation required.

How to use Revolut for travel – 15+ ways to save money and time abroad

Finally, i have gotten to the point where i get to talk about my absolute favorite pre-paid debit card: revolut. i use it almost daily since moving to switzerland 5 years ago and have used it in a lot of countries, including japan , the maldives , iceland , sweden , the us, the czech republic , turkey, dubai, israel, poland , and all around the european union. i have specified all of these countries because they all have different currencies, and revolut was incredibly easy to use in all of them. so read more if you want to know how to use revolut for travel expenses and save money and time abroad..

Revolut is an online financial company that offers a range of financial services, including accounts and currency exchange, through its financial mobile app. One of the most popular features of Revolut is its pre-paid travel card, which allows users to spend money abroad without incurring high fees or incredibly high exchange rates. With Revolut, you can easily manage your money while on the go, making it a popular choice for frequent travelers.

Revolut’s travel card offers a number of benefits that make it an attractive option for those looking to save money while traveling. One of the key advantages of the card is that it allows users to spend money in over 150 currencies at the real exchange rate, which is often much lower than the rate offered by traditional banks.

Additionally, users can withdraw up to a certain amount of money from ATMs each month without incurring any fees (from Revolut, the ATM itself can incur fees though), making it a convenient option for those who need cash while traveling. Overall, Revolut’s travel card is a great option for those looking to manage their money efficiently while on the go.

Of course, it does have some situations when you’ll have to pay fees. Nothing is free in life, after all, and as a business, they need to make money to be able to keep the lights on. What matters is that these fees are transparent, you will always know about them before performing any action, and you can plan some things ahead so that you avoid some of them altogether. In case you didn’t know, I have a full list of free travel apps , and I absolutely loved checking all of them out for you.

And one very special disclaimer I need to make, apart from the usual one. All the information published here is valid at the moment of publication, to the best of my knowledge. Since the subject of money and healthy financial decision-making is of great importance to me, please check out the detailed Terms & Policies from Revolut for the most up-to-date information. If in doubt, always seek professional advice, no matter what anyone else might tell you.

Also, even if the Standard subscription for Revolut is technically free, it doesn’t mean that it doesn’t have limits in place. You’ll have to check each situation you will use it in to see if any fees will occur. For example, ATM withdrawals are free under a certain amount per month, transfers are free under a certain amount as well, and so on. Free does not mean limitless, so check this out every time you want to make a change. Luckily, Revolut has a very transparent fee model, and you’ll know before you click what will be fees that will apply to you.

Yes, it’s true guys, there might be affiliate links in this awesome, free post. This means that if you decide to buy something that you find here, and you use one of my links to do so, I will earn a small commission at no extra cost to you. I plan to use this money on ice cream, chocolate, and to travel more so I can write these useful guides for you. As an Amazon Associate, I earn from qualifying purchases.

Table of Contents

Using revolut abroad – the basics.

Using Revolut abroad is a great way to save money on foreign exchange fees and to have access to your funds while traveling. Here are some basic tips to keep in mind when using Revolut abroad:

• Activate Your Card: Before traveling, activate your Revolut card and verify your identity in the Personal Details section of the app. This will ensure that you can use your card without any issues.
• Top Up Your Account: To use your Revolut card abroad, you will need to top up your account with funds. The best way to do this is via a bank transfer, as it has no fees from Revolut (it can have fees from your bank though, but you’ll have to check this with them). You can also use a debit or credit card, but there may be fees associated with this.
• Use the Correct Currency: When using your Revolut card abroad, make sure to use the correct currency for the country you are in. Revolut supports over 150 currencies, so you can easily switch between them in the app.
• Avoid Weekends: Revolut adds some fees on weekends for certain actions like currency exchange, so it is best to plan such activities during the weekdays.
• Withdraw Cash Smartly : Revolut offers free ATM withdrawals up to a certain limit. However, some ATMs may charge additional fees, so it is best to withdraw larger amounts of cash to avoid multiple transactions.

As you can see, using Revolut abroad is a great way to save money on foreign exchange fees and to have access to your funds while traveling. With a little bit of planning and preparation, you can use your Revolut card with confidence and ease.

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Go cashless with revolut.

One of the very first things I can tell you is that I have started to use cash less and less since I have Revolut . In both Iceland and Sweden, I haven’t even seen a coin or bill. In Japan, we withdrew money from ATMs as the country itself is still quite cash-demanding, but we used the card as well.

Since it provides so many options to go cashless, I love Revolut for this now. You have the physical card, of course, but you also have virtual cards you can use. You can also add it to ApplePay or other wallet apps, send and receive money easily and instantly if it’s between Revolut users, and use all of the other cool features that enable you to go cash-free.

Making Payments

Revolut offers an array of convenient ways to make payments while traveling. Users can make instant payments worldwide, hassle-free, and at great rates. Here are some ways to make payments with Revolut:

• Physical Card: Ensure to order a physical card in advance for card-present payments and cash withdrawals. With a physical card, users can make payments at any Point of Sale (POS) terminal that accepts Mastercard or Visa.
• Virtual Card: Users can create virtual cards on their Revolut app. Virtual cards are ideal for online payments, as they provide an extra layer of security. Users can create a virtual card for each online store they use, and if the card is compromised, they can delete it without affecting other cards.
• QR Code: Revolut users can make payments using QR codes. To pay with a QR code, users need to scan the code using their Revolut app and confirm the payment amount.
• Peer-to-Peer Payments: Revolut allows users to send and receive money instantly with other Revolut users for free. Users can also send money to non-Revolut users by using their phone number or email address.

It is important to note that Revolut charges a small fee for some transactions, such as ATM withdrawals and currency exchange, especially for bigger amounts of money. Users should check the fees and limits section of the app before making any payments.

Exchanging Currency

When traveling abroad, exchanging currency is a necessary task. With Revolut, travelers can exchange over 30 currencies at real rates with no admin fee. When exchanging currency, Revolut offers several options to choose from. Users can either exchange currency manually or set up automatic exchanges to avoid travel fund shortages.

It’s important to note that a small fee can apply for exchanging currencies, especially if doing so during the weekend or for bigger amounts of money in any rolling 30-day period. Before performing any exchange, you will see in the app if you have any incurring fees that will be added to your transaction. This way, you can decide for yourself if you’re willing to pay the price or not.

Send money to other Revolut users

Whether they are traveling with you or not, your friends might benefit from instant transfers if they’re Revolut users. Especially if you’re traveling as a group, common expenses will appear all the time, and it’s so easy to send money like this. The app basically works like a chat to send money, this is how simple it is.

The transfer will be instant if the recipient has a Revolut account, and they will receive a notification of the transfer. If they don’t have a Revolut account, they will receive a text message with instructions on how to sign up and claim the transfer. Revolut offers free transfers to other Revolut users, so you won’t have to worry about any fees or hidden costs.

There are quite a few ways to send money to group members through Revolut, and I will go into more detail below. But keep in mind that you can either send them money straight away, request money yourself from other people, use the Split the Bill feature, or even have group vaults.

Splitting bills in a group

When traveling with a group, splitting bills can be a hassle and cause unnecessary stress. Fortunately, Revolut offers a feature called Group Bills that makes it easy to split expenses with friends and family. To get started with Group Bills, simply create a group and invite your friends or family members to join.

Once everyone has joined, you can start adding bills to the group. Each bill can be split evenly among the members or you can specify how much each person owes. Revolut also allows users to add notes and receipts to each bill, making it easier to keep track of expenses and avoid any confusion or disputes.

When it’s time to settle up, Revolut makes it easy to transfer money between group members. You can either transfer the full amount owed or just a portion of it.

It’s important to note that Group Bills might be only available for users with a Premium or Metal account. However, even if you have a Standard account, you can still split bills with other Revolut users by using the Split Bill feature.

Overall, Revolut’s Group Bills feature is a convenient and stress-free way to split expenses when traveling with a group. By using this feature, you can avoid awkward conversations about money (I’m not the only one who feels that discussions about money are shameful, right?) and ensure that everyone pays their fair share.

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Using vaults for common expenses.

Another way to handle shared expenses with your group is by using Vaults. This is a feature that allows users to save money for specific purposes, such as (what a coincidence) travel expenses. This feature can be used to save for common expenses that travelers may encounter, such as accommodation, transportation, food, and activities.

To use Vaults for common expenses, travelers can create a Vault for each expense category and set a savings goal for each. For example, a traveler may create a Vault for accommodation and set a goal of $500. The traveler can then add money to the Vault as they save for their trip.

Using Vaults for common expenses can help travelers budget for their trips more effectively. By setting a savings goal for each expense category, travelers can ensure that they have enough money to cover all of their expenses without overspending.

In addition to setting a savings goal, travelers can also set up recurring transfers to their Vaults. This can help them save automatically and avoid the temptation to spend money that they have set aside for their trip. Travelers can also use Group Vaults to save money with friends or family members who are traveling with them. This can be useful for shared expenses, such as accommodation or transportation.

Using Vaults for common expenses can help travelers budget for their trips more effectively and avoid overspending. By setting a savings goal for each expense category and using recurring transfers, travelers can ensure that they have enough money to cover all of their expenses and enjoy their trip without worrying about money.

Setting Money Aside for Trips

Traveling can be expensive, and it’s important to budget accordingly. One way to do this is by setting money aside specifically for your trip. With Revolut , setting money aside for trips (or anything else really that you know you need to save for) is easy and convenient.

Revolut offers two features you can use to save money: Vaults and Pockets. Vaults allow you to add money to a fund (or multiple), similar to a money jar you would have on your counter. You can set recurring deposits so that you ensure you have constant input, and you can even set it so that it sends any loose change to one of the vaults. This is actually cool as you won’t miss those few dollars you save from every purchase you make, but it will all add up in your vault.

Pockets are a way to budget accordingly. Basically, you create collections of bills for different purposes, like household needs, recurring fees, and so on, and it keeps you on track with your spending habits. If you want to be financially responsible, knowing your expenses and having a good overview will help you immensely with this.

Paying for Accommodation and Flights

When it comes to paying for accommodation and flights, Revolut offers several options to make it easier for travelers to manage their expenses. They also provide cool benefits like cashback and awesome exchange rates, so booking your travel needs with Revolut is not only easy but also beneficial.

One of the simplest ways to pay for accommodation and flights is to top up your Revolut account and use the funds to make payments directly. This method is especially useful for those who prefer to have a set budget for their trip and want to avoid overspending. Also, sometimes it’s better to book them in the currency of the other party, especially when it comes to accommodation.

Revolut also offers virtual cards that can be used to pay for accommodation and flights. These cards are generated within the app and can be used for online purchases. They are especially useful for those who prefer to keep their physical card details secure and avoid the risk of fraud. We’ll discuss more about these safety features later, don’t worry, just keep it in mind for the moment.

Withdrawing Money at ATMs

Revolut offers its users a convenient and cost-effective way to withdraw cash while traveling abroad. With more than 55,000 in-network ATMs, Revolut makes cash withdrawals easy, fast, and free (under certain conditions). Users can withdraw up to $200 per month at out-of-network ATMs with no hidden fees.

When withdrawing cash from an ATM, it is important to choose either a ‘checking’ or ‘savings’ account. If the ATM asks whether you would like to complete the transaction ‘with conversion’ or ‘without conversion’, you should always choose ‘without conversion’. As a rule of thumb, users should always opt to be charged in the local currency of the country they’re in.

Revolut users should also pay attention to the “Charged by ATM” amount when checking their latest transactions. If the amount is equal to the fixed amount that the user was trying to withdraw, there is no additional fee. For example, if a user is trying to withdraw 5000 JPY in Japan and the “Charged by ATM” amount is also 5000 JPY, there is no additional fee.

It is important to note that Revolut offers a free withdrawal limit of up to 200 EUR/USD/GBP per month for basic service users. While exceeding the limit, a fee is charged. The limit mentioned above is reset after a month from the moment of making the first withdrawal.

To ensure a smooth and hassle-free experience while traveling, Revolut users should verify their identity in the Personal details section, order a physical card in advance for card-present payments and cash withdrawals, and top-up their account via bank transfer. Adding money automatically can help avoid travel fund shortages.

Using One-Time Cards

Revolut offers a unique feature called one-time cards that can be used for online purchases. These virtual cards are a great way to protect your primary card from fraud and unauthorized transactions. Especially when you’re making payments for more “exotic” things, like accommodation bought from a local guesthouse in a 3rd world country, single-use cards are a great way to protect your money from fraud.

One-time cards are generated for a single transaction and are destroyed after. Once the transaction is complete, the card becomes invalid, and a new one must be generated for the next purchase. This feature is particularly useful when making purchases on unfamiliar or untrusted websites. To use one-time cards, simply generate a new virtual card in the Revolut app , set a spending limit, and use it to make the online purchase. The spending limit can be set to a specific amount or expire after a certain time period, adding an extra layer of security.

One-time cards can also be used for recurring payments, such as subscriptions or memberships. By setting a spending limit and expiration date, you can ensure that the subscription is canceled automatically if the card is no longer valid. Another advantage of using one-time cards is that they do not reveal your primary card number, adding an extra layer of privacy. If a merchant’s website is compromised, your primary card details will not be exposed, reducing the risk of fraudulent activity.

If you’re worried about the safety of your items while traveling, check out my detailed post on ways to keep your valuables safe while traveling . You’ll find it quite useful, I’m sure!

Blocking Features for Security

Revolut offers several blocking features to help ensure the security of your account and your money while traveling. These features can be accessed through the app and can be used to block or unblock your card, set transaction limits, and more.

One of the most useful blocking features is the ability to block and unblock your card instantly. This can be done through the app, and it allows you to quickly and easily prevent any unauthorized transactions from taking place. If you suspect that your card has been lost or stolen, you can block it immediately to prevent any further transactions from occurring. Once you have found your card or received a replacement, you can unblock it just as easily.

Another useful blocking feature is the ability to set transaction limits. This allows you to limit the amount of money that can be spent on your card in a given period of time. For example, you can set a daily limit on ATM withdrawals or a monthly limit on online purchases. This can help prevent fraudulent transactions and ensure that you stay within your budget while traveling.

Revolut also offers the ability to block certain types of transactions. For example, you can disable contactless payments or enable location-based security features if you know that you won’t be using them. This can help prevent your card from being used fraudulently or cloned. In addition to these blocking features, Revolut also offers a number of security features to help protect your account. These include face ID for mobile devices, biometric login, and the ability to freeze your account if you suspect that there has been unauthorized access.

The blocking features offered by Revolut can help ensure the security of your account and your money while traveling. By taking advantage of these features, you can enjoy peace of mind and focus on enjoying your trip. And even more important, you can tailor them to your needs, straight away, from the app.

Keeping Only a Small Amount of Money

When traveling, it is important to keep only a small amount of money on hand to avoid losing a large sum of cash in case of theft or misplacement. Revolut offers a convenient solution for travelers to keep their money safe and secure while on the go. Using the top-up feature, you can keep as little or as much money as you want on Revolut, and keep your main bank card safely at home or at the hotel.

While abroad, you can think of your Revolut card as “the one you can afford to lose”. It’s not planned to do so, but in case it happens, you have minimal damage to your main account. Even if you get robbed, you can just give up on this card and at least you have your main one safe. If you don’t lose your phone in the incident, you can even block the card immediately and you’ll keep your money safe from a distance.

Exchanging Leftover Currency

When traveling abroad, it’s common to have leftover currency when returning home. Unfortunately, exchanging this currency back for your home currency can come with high fees and unfavorable exchange rates, and it’s the last thing you want to worry about right before you leave home, or worse when you arrive back in your home country. However, with Revolut, exchanging leftover currency is easy and cost-effective.

Revolut allows users to exchange over 30 currencies at a competitive exchange rate. This means that users can exchange their leftover currency without worrying about unfavorable exchange rates or high fees, wherever they are, and no matter what amount they have left. I was often left with a few dollars in foreign currency upon leaving a country, an amount any exchange office won’t even accept if I wanted to.

There are also situations when you cannot exchange currency abroad. For certain currencies, you can only get it from inside that country, and that’s it. You cannot get it abroad, at all. So if you have to change it back, you have to take this into account before leaving but keep in mind all the other expenses you have left. This makes you often exchange at the airport before departure, and we all know the exchange rates at the airport offices.

Connecting to Apple Pay or Wallet

Revolut makes it easy to connect your account to Apple Pay or Wallet, allowing you to use your Revolut card to make purchases with your Apple or Android devices. Once you have added your Revolut card to Apple Pay, you can use it to make purchases in-store, online, and in-app. One of the benefits of using Apple Pay with Revolut is that it adds an extra layer of security to your transactions. When you use Apple Pay, your card details are never shared with the merchant, reducing the risk of fraud.

In addition, using Apple Pay with Revolut allows you to take advantage of features like automatic transaction categorization and spending alerts, helping you keep track of your expenses while you travel. Plus, you don’t even take your card out, making you less noticeable to people around you that might be interested in where you’re keeping your wallet.

Creating a Revolut <18 Account

Revolut offers a great solution for parents who want to give their children a taste of financial independence while keeping a watchful eye on their spending. With a Revolut <18 account, parents can easily manage their children’s finances and teach them valuable money management skills. And when you go on vacation and they keep asking for stuff without realizing what a budget is, you might want to teach them this lesson.

What’s nice about this feature is that the parent can control everything to their own liking and comfort. As a parent, you are in full control of how much money your kid has, what expenses are made, and how much or little freedom you give them with this responsibility. This way, you ensure they learn healthy spending habits, and they get to enjoy a bit of independence. I call that a win-win!

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Revolut offers its users the opportunity to access airport lounges all around the world. This is a great feature for those who want to relax and unwind before their flight. In order to access the lounges, Revolut users need to purchase a Lounge Pass through the app.

The Lounge Pass feature is available to all only to Premium and Metal users and provides access to over 1,000 airport lounges worldwide. The Lounge Pass is valid for one visit to a lounge and can be refundable under certain conditions. This offers a nice way to wait for your flight, especially if traveling for business reasons when you might want to catch up on some extra work before take-off.

Revolut users can also access airport lounges through SmartDelay. SmartDelay is a feature that automatically sends Lounge Passes to users if their flight is delayed by an hour or more. This is available to all Revolut Premium and Metal customers. Premium customers can bring one guest into the lounge, while Metal users receive three guest passes.

It is important to note that Lounge Passes are subject to availability and some lounges may be excluded from the Lounge Pass feature. Users should also check the terms and conditions of each lounge they wish to visit, as some lounges may have specific rules or restrictions.

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Using Revolut’s Travel Insurance

Revolut offers travel insurance benefits to its Premium and Metal account holders. The insurance package is provided by Allianz Partners, a leading global insurance company.

To be eligible for the coverage, the account holder must be a resident of the UK or the EEA, between 18 and 75 years of age, and have their primary residence registered with their Revolut account. The insurance covers emergency medical expenses, trip cancellation or curtailment, personal accidents, baggage loss, and more.

The insurance is activated automatically when the account holder travels outside of their home country or more than 100 km further away from their residency home. The coverage is valid for up to 40 consecutive days per trip, with a maximum of 182 days per year. It is important to note that travel insurance is not available to Revolut Standard account holders. Moreover, the insurance does not cover pre-existing medical conditions, extreme sports, or certain high-risk activities.

To make a claim, the account holder must contact Allianz Partners directly through the Revolut app. The claims process is simple and straightforward, and the insurer aims to process claims within 48 hours. Revolut’s travel insurance benefits are a valuable addition to the company’s suite of travel-related services. However, it is important to read the terms and conditions carefully to understand the coverage and limitations of the insurance package.

If you’re planning to only use the Standard Revolut account, I cannot recommend SafetyWing enough. They have a great travel insurance policy that has unbeatable prices, great coverage, and awesome perks like being able to change it on the go and children being insured for free if traveling with their parents. Check out my detailed SafeyWing review for more information.

Referring Friends for Rewards

I know, I know, this is not precisely travel related, but hear me out. Some of these super helpful ways to use Revolut for your travel needs are dependent on your travel companions being Revolut users as well. And to be honest, once you have it, you’ll use it in your home country as well, as it’s just so easy to use for day-to-day things.

Revolut offers a referral program that rewards users for inviting friends to join the platform. The program is a win-win for both the referral and the referrer, as the referral receives an incentive for joining, and the referrer receives a reward for inviting them. The reward for referring a friend varies based on the current promotion, but it can range from a few dollars to as much as $40 per referral. Users can refer as many friends as they want, and there is no limit to the number of rewards they can earn.

It is important to note that the reward is only given once the referral completes certain steps, such as signing up for an account, verifying their identity, and making a transaction using their Revolut card. Users should also keep in mind that rewards may take up to 30 days to appear in their accounts. These steps are clearly stated when you invite your friends, so you both know what you’re getting yourself into.

FAQ about using Revolut for travel expenses

Can revolut be used as a travel card.

Yes, Revolut can be used as a travel pre-paid debit card. It is a digital financial app that offers multi-currency accounts and allows you to spend and withdraw money abroad without hidden currency exchange fees.

Is Revolut good for traveling?

Yes, Revolut is great for traveling. It is a convenient and cost-effective way to manage your money while abroad. It offers free ATM withdrawals, and competitive exchange rates, and allows you to spend in over 150 currencies without any hidden fees.

How to use Revolut abroad?

To use Revolut abroad, you need to ensure that your identity is verified in the Personal Details section. You should also order a physical card in advance for card-present payments and cash withdrawals. Top up your account, make a first payment to ensure it’s activated, and you’re good to go!

How do you spend euros on Revolut?

To spend euros on Revolut, you need to ensure that your account is topped up with euros. You can do this by transferring euros from your bank account or by exchanging currency from other accounts. All of this can easily be done from the app.

What’s the withdrawal limit for euro for Revolut?

The withdrawal limit for Revolut varies depending on the type of account you have, the amount you wish to withdraw, and some other conditions that may apply. Standard accounts have a monthly limit of €200 for ATM withdrawals, while Premium and Metal accounts have a monthly limit of €400 and €600, respectively.

Why get a Revolut card for travel?

Getting a Revolut card for travel is a good idea because it offers a range of benefits, including (mostly) free ATM withdrawals, competitive exchange rates, and the ability to spend in over 150 currencies with transparent fees. It is also a convenient and secure way to manage your money while abroad.

Can I use Revolut for travel?

Yes, you can use Revolut for travel. It is a digital financial app that offers multi-currency accounts and allows you to spend and withdraw money abroad without hidden currency exchange fees.

Can I use my Revolut card abroad for free?

Yes, you can use your Revolut card abroad without additional expenses. Revolut offers (mostly) free ATM withdrawals, competitive exchange rates, and the ability to spend in over 150 currencies.

What are the disadvantages of a Revolut card?

The main disadvantage of a Revolut card is that it is not accepted everywhere. Some merchants may not accept digital financial apps or may charge a fee for using them. Additionally, Revolut may not be suitable for everyone, especially those who prefer traditional banking methods.

Which ATMs can Revolut use?

Revolut can be used at any ATM that accepts Visa or Mastercard. However, some ATM operators may charge a fee for using their machines, and they should state so before you withdraw the money. Revolut has no control over these fees.

How to use Revolut for travel – The takeaway

In conclusion, Revolut is a reliable and convenient way to manage your finances while traveling. With its user-friendly app, competitive exchange rates, and low fees for international transactions, it’s no wonder why so many travelers are turning to Revolut as their go-to financial tool. By following the tips outlined in this article and taking advantage of all that Revolut has to offer, you can travel with peace of mind knowing that your money is safe and secure.

Now that you know better how to use Revolut for travel, you can better decide if it’s a good fit for you or not. So what are you waiting for? Sign up for Revolut today and start experiencing hassle-free travel like never before!

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Travel Erudition

What does revolut travel insurance cover?

If you’re looking for comprehensive travel insurance that covers a variety of eventualities, then you might want to consider Revolut travel insurance. This insurance covers things like medical expenses, lost or stolen property, and even trip cancellation or interruption. So whether you’re traveling for business or pleasure, you can rest assured that you’re covered in case of any unforeseen circumstances.

Revolut travel insurance covers a broad range of potential risks, from missed flights and lost luggage to medical emergencies and evacuation. It also provides some financial protection in the event of trip cancellation or interruption.

What is typically covered by travel insurance?

A comprehensive insurance policy is a type of insurance that covers a wide range of potential risks, including delays, cancellations, lost luggage, and emergency medical costs. This type of policy is often more expensive than other types of insurance, but it provides a greater level of protection for the policyholder.

As a Revolut member, you are automatically covered by our travel and medical insurance while you’re in the European Economic Area and the United Kingdom. This includes emergency medical expenses, repatriation, and more.

How does Revolut insurance work

Thank you for choosing to pay for your insurance product through Revolut. We will collect the money from your account as explained on the app and hold your payment as agent of our insurance partner. This means your insurance is effectively paid for without delay when we collect the money from your account. Thank you for your business.

If you need to make a claim under your insurance, you will need to contact our insurance partner directly. You can find out how to do this in the insurance section of the Revolut app. Full details are also set out in your insurance policy, which is accessible on the Revolut app after purchase.

What is not covered by travel insurance?

If you’re considering cancelling or interrupting your trip due to events such as an epidemic or fear of travel, it’s important to know that most travel insurance policies will not cover you. This is because these events are considered to be known, foreseeable, or expected. However, it’s always best to check your specific policy to be sure.

Most travel insurance policies exclude pre-existing physical and mental health conditions. Some insurers will cover you if you pay extra. Commonly excluded are: bone and joint conditions.

Why is Revolut good for Travelling?

If you’re looking to save money on international transactions, Revolut is a great option. By using the interbank exchange rate and avoiding transaction fees, you can save a significant amount of money.

The Buyer Protection Policy allows you to make a claim if you have made an eligible purchase using Pay With Revolut and:

– the item is not delivered to you; – the item is materially different to what the business said it would be.

Are you protected with Revolut

Our Buyer Protection Policy is designed to protect buyers on our platform in the event that they do not receive the items they ordered, or if the items they receive are significantly different from what was described to them. There is no cost to use our Buyer Protection Policy and no fees are associated with it. Our Buyer Protection Policy is not a warranty, guarantee or insurance. It is just a mechanism by which we ask sellers to agree to refund you in certain circumstances, if we decide that those circumstances are met.

Thanks for considering upgrading to a global lifestyle with Revolut! With our unlimited foreign exchange, you can book your perfect stay and get up to 5% cashback. Our premium account also gives you full purchase protection and allows you to withdraw up to €400 every month fee-free. Plus, our Revolut app is built specifically for teens so you can manage your money on the go!

Does Revolut premium travel insurance cover family?

We’re sorry to say that we will no longer offer cover for additional companions on your trips. However, we will automatically cover you and any eligible children up to the age of 17 – as long as they are travelling with you.

Revolut Metal is the highest-tier subscription from the UK-based digital banking behemoth This plan offers “ultimate power with the full package” of financial services, offering a contactless Metal card, insurances, purchase protection and up to 1% cashback.

This plan is the most comprehensive and expensive plan offered by Revolut, and as such, offers the most benefits. If you are looking for the full package of financial services, then Revolut Metal is the plan for you.

Does travel insurance cover 100%

If you have to cancel or interrupt your trip due to coronavirus, most policies will reimburse you 50% to 75% of your trip costs. This coverage can come in handy if you’re feeling uncomfortable traveling due to COVID-19 cases or quarantine recommendations.

If you don’t have travel insurance you will have to pay out of your own pocket to deal with a problem while you’re away. Or you may lose money if you have to cancel a trip and can’t get your money back. This could cost you thousands of pounds.

Is travel insurance necessary for international travel?

There are a few things to keep in mind when purchasing health insurance for traveling abroad:

1. Make sure the policy covers medical expenses as well as evacuation and repatriation.

2. Check to see if the policy has any exclusions, such as for preexisting conditions.

3. Make sure the policy is valid for the length of your trip.

4. Compare prices and coverage levels from different insurers to find the best policy for you.

There are a lot of different options for medical coverage when you are traveling. It can be difficult to know which one is the best for you. We have compiled a list of our top picks for the best medical coverage while you are traveling.

Travelex: This company offers a variety of different plans that can fit your needs. They have a wide network of providers and offer 24/7 assistance.

Allianz Travel Insurance: Allianz offers a variety of plans that cover you for different types of medical emergencies. They also have a 24/7 assistance line to help you in any emergency.

InsureMyTrip: This company offers a variety of plans from a variety of different companies. This gives you the ability to compare different plans and find the one that is best for you.

World Nomads: This company offers a variety of plans that are specifically designed for travelers. They have a wide network of providers and offer 24/7 assistance.

HTH Travel Insurance: HTH offers a variety of plans that cover you for different types of medical emergencies. They also have a 24/7 assistance line to help you in any emergency.

Nationwide: Nationwide offers a variety of plans that cover you for

Revolut travel insurance covers a wide range of eventualities, from emergency medical expenses to lost or stolen belongings. It also offers some great benefits like concierge services, 24/7 assistance, and cover for pre-existing medical conditions.

In conclusion, revolut travel insurance covers a wide range of items including luggage, medical expenses, and cancelation fees. While it does have some limitations, such as not covering pre-existing medical conditions, it is a good option for those who are looking for a comprehensive travel insurance policy.

Scott Johnson

Scott Johnson is passionate about traveling. He loves exploring new cultures and places, and discovering the world around him. He believes that travel can open up new perspectives and opportunities for growth and development. Scott has visited many countries in Europe, Africa, South America, and Asia, and he continues to seek out new destinations for his adventures.

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Using My Travel Insurance

I am metal so I have the Insurance, and I can easily find the entire T&C and the short version too, in the App.

Click on your picture on the main page, then go to "Insurance/ Personal / Travel Insurance. Then click on the “all policy documents”, and have a blast reading

I don’t have any Insurance / Personal / Travel Insurance on my own page. I’m on Metal too.

Yesss, I finally found it!!

Thanx a lot!!

The Travel insurance is useless, takes forever to get a reply, I have a case right now, my wife had an accident, the week before I had to go to France, provided all documents from hospital, travel agency and so on, complete claim was just around 3400,- £ after 2 months I get an email saying they would pay 400,- £ and that would now close the case, that was start February, and still haven’t received the 400, or got an reply for my last email to the, asking what the 400 was supposed to cover, but real insurance when traveling, this one is not worth the money.

Maybe that is why they are changing vendor? I’m interested in knowing how did they get to the 400 out of the original 3K

Yes that will be interesting, the 2 numbers is rather far from each other, I think I will try to call them instead, maybe then I can get some answers

Would be interested to know since now they have the same insurer than a competitor that seems to have efficients insurances.

Does Revolut travel insurance eventually work in 2022 for EU citizens? Seems like in many countries we still have government “warnings” or appeals to avoid non essential traveling abroad. Terms of Revolut insurance says “blablablah… provided that you are not travelling against the traveladvice issued by the government of your country of residence”. I am wondering if for example “The Ministry of Foreign Affairs appeals for the avoidance of unnecessary foreign travel” is something often quoted to refuse insurance claims.

As a Metal customer for the past few years (from 2018), I feel that finally, my plan will be worth the money with the new Travel Insurance from Allianz.

I read the terms of Allianz here , which by the way, are not available for the UK site and me, it seems that they are at least in pair with all the major travel insurance providers.

As I plan to make a big trip from the UK to the US in April, I wanted to ask how you feel about using Revolut travel Insurance by Allianz as your only insurance?

Yes, for me was the same. Travel insurance is useless. I delivered them all documents and still not enough. I travelled by car one way and couldnt prove it. Still wanted plane ticket. It was only 100euro but still…. cant wait when my premium plan gonna end

Hi thare, my I ask for advice. I upgraded from Premium to Metal program like 6 mounth ago, but in the insurance police is still the Premium. I would like to travel with children whitch in Metal program are included. Do you know how to upgraded in the app? thanks for any advice

Try getting a confirmation from the support team, to be sure and to have the right insurance in the app

Try getting a confirmation from the support team, to be sure and to have the right insurance in the app. Service for metal is usually fast enough

I had t tried to use the new Allianz cover because my airline cancelled my flights with about 12 hours notice. After speaking with Allianz airline cancellation is not covered, this seems like something pretty basic that should be in an insurance policy?

I’d say YES, but tell me, which benefit were you trying to use? As of April 1st at least for me, this is covered:

• We’ll cover you for trip delays, interruptions and cancellations, as well as lost, stolen, damaged or delayed baggage, and lost, stolen or destroyed travel documents on domestic trips, as long as you are at least 100km from your home or on an overnight stay in a different city

Best Banks for International Travelers for May 2024

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If you're an avid traveler at heart, then your bank account should help make your experiences abroad easier. Depending on what you need more help with — planning or on-site spending — we've found options for you.

Best Bank Accounts for International Travel Benefits

• Ally Savings Account

Bask Bank Mileage Savings Account

• Capital One 360 Checking

Schwab Bank High Yield Investor Checking® Account

• SoFi Checking and Savings

Revolut Account

We picked the top savings, checking, and all-in-one accounts for travel, to help you save or manage your money. 

Compare the Top Bank Accounts for International Travel

The top bank accounts for international travel help make planning and spending for trips easier. We looked for the accounts that can help you save for travel and top checking accounts that allow you to access your money with ease when you're on the road and overseas.

Below, you'll see our top picks for international travel. All of the financial institutions on our list are protected by FDIC or NCUA insurance. Money is safe at a federally insured financial institution. When an institution is federally insured, up to $250,000 per depositor is secure in a bank account.

Best Savings Accounts for International Travel: Ally Savings Account

The Ally High Yield Savings Account provides easy tools to set savings goals for your next trip, and you'll earn interest without having to take on any risk. 

You can also set up a checking account through Ally . When you need access to your savings, just transfer money from the savings account to the checking account through the online portal, and you'll be able to spend the money almost instantly.

Ally also offers an easy-to-use mobile app and 24/7 customer support, making it simple to access your account while you're on the road.

You won't be able to deposit cash directly into your bank account. Instead, you'll have to transfer money from another bank account. 

Ally Savings Account Review

You might find the Bask Bank Mileage Savings Account appealing if you are a frequent American Airlines flyer. This savings account lets you earn earn 2.5 American Airlines AAdvantage miles for every $1 saved annually on a Bask Bank Mileage Savings Account. You can redeem miles for booking flights or hotels, upgrading flights, renting transportation, or planning vacation activities.

Bask Bank is also offering a savings account bonus for new customers: earn up to 10,000 bonus AAdvantage® miles for new Bask Mileage Savings Account customers who open and fund their account within 15 business days from account opening and maintain a minimum daily balance of $50,000 for 90 consecutive days out of the first 120 days (open account by May 31, 2024)

AAdvantage miles earned through the Bask Bank Mileage Savings Account will not go toward boosting your AAdvantage status.

Bask Bank also doesn't have a checking account, ATM cards, or debit cards, so you'll have limited access to your account. You'll need to link an external bank account and initiate a bank transfer to deposit or withdraw money.

Bask Bank Review

Best Checking Accounts for International Travel: Capital One 360 Checking

Capital One 360 Checking might be a solid choice if you're most comfortable with a well-known retail bank and want no-fee cash withdrawals at home and in select countries abroad. 

You can withdraw up to $1,000 a day at any ATM worldwide using your MasterCard and Capital One won't charge a fee, though the ATM operator may. The bank ranks No. 1 on J.D. Power's US National Banking Satisfaction Study , and it made Business Insider's list of the best checking accounts.

Capital One also offers a solid high-yield savings account, which is a good choice if you want to keep your savings at the same bank as your checking. 

If you travel to Europe, Asia, or any other place where Capital One and AllPoint don't have ATMs, you may have to pay third-party ATM operator fees to take cash out (Capital One will never charge you an additional fee). 

As for branch access, the bank only operates about 280 branches in seven US states, though Capital One Cafés are in some big cities around the US.

Capital One 360 Review

Charles Schwab is an investment platform, but it also has banking products. The Schwab Bank High Yield Investor Checking® Account is a great choice if you'd like a fee-free international spending bank account. It notably offers unlimited refunds for ATM fees worldwide, and it doesn't charge foreign transaction fees. 

You must open a brokerage account with Charles Schwab before opening a checking account, though.

Charles Schwab Bank Review

Best All-in-One Accounts for International Travel: SoFi Checking and Savings

SoFi Checking and Savings offers the best of both worlds. It's a hybrid savings/checking account with a competitive interest rate and a MasterCard debit card for easy access to your cash. 

SoFi is part of the Allpoint ATM network, so you have free access to 50,000 ATMs worldwide, and SoFi doesn't charge a foreign transaction fee when you make a purchase with your debit card abroad.

Again, SoFi is completely online — you'll need to call customer service when you want help with your account rather than walking into a physical location.

While SoFi doesn't charge any foreign transaction fees when you withdraw cash at an international bank or ATM, MasterCard will charge 0.20%, and SoFi won't reimburse you.

SoFi Checking and Savings Review

You might like the Revolut Account if you're looking for an alternative to traditional banking.

Revolut is a British fintech company with an international finance and investing app. You can open accounts from anywhere in the US. 

The Revolut Account is a prepaid debit card linked to a bank account. You can easily spend money internationally in over 150 types of currency. The account also allows you to make one fee-free international or domestic wire transfer per month with the Standard plan, three with the Premium plan, and five with the Metal plan.

The account also has budgeting features that let you round up prepaid debit card purchases or set up individual savings goals through Vaults. The Revolut Account and Savings Vault are  FDIC-insured by Metropolitan Commercial Bank and Sutton Bank. 

Revolut has three plans: Standard (Free), Premium ($9.99 per month), or Metal ($16.99 per month). Access to certain app features will depend on your monthly plan.

Revolut Review

Bank Account Alternatives for Travelers

• Chase Total Checking® : This account appeared on our best checking accounts list, but it charges $3 fee per withdrawal at a non-Chase ATM in the U.S., Puerto Rico and the U.S. Virgin Islands. Surcharge Fees from the ATM owner/network still apply. $5 fee per withdrawal at a non-Chase ATM outside of the U.S., Puerto Rico and the U.S. Virgin Islands. Surcharge Fees from the ATM owner/network still apply.
• Discover® Cashback Debit Account: Discover's checking account has no monthly service fees and allows you to earn 1% cash back on up to $3,000 in debit card purchases every month (see website for details), but its use is limited to the US, Canada, Mexico, and the Caribbean.
• Citi Regular Checking : A fine checking account with options to waive the $15 monthly service fee and branch locations abroad, but customer satisfaction is below average, according to J.D. Power's US National Banking Satisfaction Study .
• HSBC Premier Checking : HSBC (Member FDIC) offers a good variety of checking accounts, although only those with high minimum balance or deposit requirements get ATM fees reimbursed.
• Wealthfront Cash Account : Although this account operates similarly to a high-yield savings account, it's technically a cash management account. You might like this option if you already invest with Wealthfront and want to earn a high interest rate on your savings. However, keep in mind Wealthfront doesn't offer other types of accounts like CDs or checking accounts.
• Betterment Checking Account : Betterment reimburses all foreign transaction fees and ATM fees worldwide, and the app is easy to use. However, our top picks for checking accounts may also offer more banking options, such as CDs or brokered CDs.
• Marcus High Yield Online Savings Account : Marcus has a good high-yield savings account; Marcus savings rates current pays 4.40% APY. However, the high-yield savings account doesn't have as many goal-setting features as Ally, if that's important to you. 
• American Express® High Yield Savings Account (Member FDIC): With a solid savings rate, this high-yield savings account is a good option if you don't mind not having mobile access.

Introduction to Banking for International Travel

When you're traveling abroad, bear in mind many financial institutions have fees for using a debit card internationally.

For example, if you use an ATM provider to withdraw money that isn't in your network, you may have to pay out-of-network ATM fees from the provider and your financial institution. 

Many banks also have foreign transaction fees. A foreign transaction fee is a debit or credit card charge that can happen when you buy something internationally and it needs to be processed through a foreign financial institution. 

There are many financial institutions that can help you avoid common international bank fees, though. 

Key Features of Ideal Banks for International Travel

The right bank can make saving for travel goals easier. It can also help you avoid common bank fees, like out-of-network ATM and foreign transaction fees. Below, we've highlighted key features among the top banks for multi-country travel.

Competitive Savings Rates

One key feature to look for in a bank is a competitive savings rate. High-yield savings accounts, in particular, can be strong banking options because they offer better rates than traditional savings accounts. These bank accounts might also be a good choice if you want to set savings goals for specific travel trips. Money in a high-yield savings account can deposited at any time, so you can contribute to a travel goal in stages. If you open a high-yield savings account at an online bank, you also usually won't have to worry about dealing with monthly service fees.

Exchange Rates

If you want to have cash on hand during a trip, it may be beneficial to bank with a financial institution or platform that offers straightforward foreign exchange services. Banking institutions usually offer better exchange rates than airport exchange services or on-site travel spots.

Low Foreign Transaction Fees

If you plan on using a debit card or credit card frequently, make sure to look for a bank that has low foreign transaction fees. That way, you won't have to worry about fees piling up when you use your card to buy things abroad. 

Some financial institutions on our list, like SoFi, do not charge foreign transaction fees.

Wide Global ATM Network Accessibility

If you want to use an ATM abroad, the best option is to find a national bank with a global ATM network or one that provides reimbursements for out-of-network ATM fees. Charles Schwab, for example, offers unlimited worldwide ATM fee reimbursements.

Additional Services and Tips for International Banking

If you're planning on traveling abroad soon, it's best to be prepared beforehand so you can avoid unnecessary stress. Sometimes, credit or debit cards may not work if you don't give your bank notice that you're traveling. This is done as a measure to protect you against fraudulent activity. To avoid having your card declined internationally, make sure to call your financial institution before traveling so you can make sure it works during the time you're abroad.

It's also helpful to have cash on hand when traveling in case you need it for an emergency situation. Experts recommend getting foreign currency before you begin travel because airports and on-site currency exchange locations tend to involve more costly service fees and unsatisfactory exchange rates.

Bank Trustworthiness and BBB Ratings

The Better Business Bureau assesses companies based on responses to customer complaints, honesty in advertising, and transparency about business practices. Here are the BBB grades for our favorite travel accounts:

Revolut has an F rating from the BBB due to a high volume of customer complaints filed against the business, and Revolut hasn't responded to or resolved some of the complaints.

Bask Bank received a B grade from the BBB because of its volume of customer complaints. However, its parent company, Texas Capital Bank, has an A+ rating  from the BBB. 

A great BBB score doesn't guarantee your relationship with a company will be perfect. You'll also want to speak with current customers or read online customer reviews.

Capital One is the only bank on our list that has been involved in a recent public controversy. Capital One used to have an account called 360 Savings. In 2019, the bank launched the new 360 Performance Savings Account, which paid a much a higher interest rate. Many customers thought their old savings accounts would transition into this new one, but in reality, they had to manually open a new 360 Performance Savings Account to earn the higher rate. So some customers have been earning a significantly lower savings rate for years.

In the lawsuit, the plaintiffs' lawyers allege that Capital One didn't inform 360 Savings customers that these were two distinct accounts, or that 360 Performance Savings paid a higher rate. However,  Capital One wants this case dismissed  because it claims people had every opportunity to learn these facts on their own. This case is still ongoing.

Which banks offer the best international ATM access?

Charles Schwab is our top pick for international ATM access. It offers unlimited refunds for ATM fees worldwide.

How can I minimize fees when using my bank card abroad?

To minimize fees when using a bank card abroad, you want to limit making ATM withdrawals unless you find an ATM that's in your network. Some debit cards also have foreign transaction fees, so it's best to use cash or one of the best credit cards with no foreign transaction fees .

Are there banks that automatically convert currency at favorable rates?

Yes. Many banks and credit unions pay good rates to exchange foreign currency. Most financial institutions will require you to have a bank account with them in order to exchange currency , though.

Can I get travel insurance through my bank?

Yes. Some banks offer travel insurance if you get a credit card with features like travel accident insurance and trip delay reimbursements.

Should I inform my bank before traveling internationally?

Yes. You should call your bank before traveling so you're well prepared. If you forget to contact your bank, your debit card may be denied when you make purchases to protect you from potential fraudulent activity.

Can I open a bank account internationally? 

Yes. You may open a bank account in another country. However, make sure that you report your bank account information to the IRS annually .

Why You Should Trust Us: Our Expert Panel for the Best Banks for International Travel

We consulted banking and financial planning experts to inform these picks and provide their advice on finding the best accounts for your needs.

Here's what they had to say about banking for travel. (Some text may be lightly edited for clarity.)

How can someone determine whether a bank is the right fit for them?

Tania Brown, certified financial planner and vice president of coaching strategy at  OfColor :

"Obviously, you want to make sure it's FDIC insured. Also, your banking experience — do you like walking into a bank? Well, then you need someone local. Do you just not care if you ever see your bank? Then you're okay online. Do you write checks? Do you not write checks? So it's thinking through how your experience with it is going to be before you make that decision."

Sophia Acevedo, banking editor,  Business Insider : 

"I would create a list of what I prioritize most in a bank account. For example, some banks have accounts that charge monthly service fees. I would look to see what the requirements are for waiving the monthly service fee and whether I think I could feasibly meet those requirements each month. If I'm searching for an interest-earning bank account I'll pay attention to interest rates. I would make sure the account pays a higher interest rate than the  average bank account ."

What should someone look for in an online bank?

Roger Ma, certified financial planner with  lifelaidout®  and author of  "Work Your Money, Not Your Life" :

"How onerous the transfer process is, transferring money in and transferring money out. Is it same day, next day? Is it pretty easy to sync a brick-and-mortar checking account to this particular high-yield savings account?"

Mykail James, MBA, certified financial education instructor,  BoujieBudgets.com :

"When it comes to online banks, you want to be a little bit more strict about what type of interest rates they're providing. That's the biggest thing, because online banks are supposed to have the higher interest rate because they don't have the overhead of the brick-and-mortar. You want to make sure that it's well above the national average.

"What types of securities do they provide? Do they have two-factor identification? If it's an online bank, they should definitely have — at the bare minimum — two-factor authentication in how easy it is to change your passwords and things like that, because you want to be a little more hypersensitive about the cyber security for a strictly online bank."

What should someone look for in a bank account if they travel frequently?

Sophia Acevedo:

"You'll want to be mindful of bank account limits and fees. You might be charged fees if you use an ATM from another bank. Banks and credit unions also have limits on how much you can withdraw from your ATM each day. When you're looking for a bank account, see if your bank provides refunds for out-of-network ATMs and what the ATM withdrawal limits are."

Methodology: How Did We Choose the Best Bank Accounts for International Travel?

At Business Insider, we strive to help smart people make the best decisions with their money. We spent hours comparing and contrasting the features and fine print of savings accounts and checking accounts so you don't have to. You can read more about how we review and rate product on our editorial standards page .

We understand that "best" is often subjective, however, so in addition to highlighting the clear benefits of an account — a high APY, for example — we outline the limitations, too. 

Generally, bank accounts are designated either savings or checking. When you're saving up for a big trip, a high-yield savings account is appropriate because you'll be able to earn some interest on your money, but still be able to access it when you need to.

A checking account may be more appropriate to use while traveling, as you'll be provided with a debit card to use at shops, restaurants, and ATMs. You may also consider using a credit card , which could provide rewards and other travel-related benefits.

That said, the best bank accounts to use for international travel expenses should be appropriate for your everyday life too, with low fees, good earning potential, and easy access. 

See our full ratings methodology for checking, business checking, savings, and money market accounts »

If you enjoyed this story, be sure to follow Business Insider on Microsoft Start.

More From Forbes

How artificial intelligence is changing the way you buy travel insurance.

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Artificial intelligence is changing the way you buy travel insurance. Here's how.

Artificial intelligence is transforming the way you buy travel insurance. From shopping for a policy to filing a claim, there's no part that hasn't been touched by AI.

"AI is revolutionizing travel insurance," says Greg Jung, chief growth officer for Seven Corners . "It's making it more efficient and tailored to individual needs."

Words like "efficient" and "tailored" are rare in the one-size-fits-all, bureaucratic travel insurance industry. For years, consumers had limited choices. And when they filed a claim, it took close to forever to get an answer, much less get paid.

Not anymore.

Jung says AI is doing away with that. The benefits to travelers include:

• Personalized coverage. AI can analyze vast amounts of data on traveler profiles, including travel history, preferences, and even risk factors like age and health conditions. That allows insurers to recommend customized travel insurance plans that provide the right level of coverage for each individual's needs.
• Proactive risk management. AI can analyze data to predict potential disruptions or emergencies that could impact a traveler's trip. This allows insurers to offer assistance, such as medical advice or flight rebooking assistance, in case of unforeseen events.
• Faster claims processing. AI can automate much of the claims process, verifying documents, assessing damages, and expediting settlements. Travelers can be reimbursed for covered expenses much more quickly, especially for straightforward claims.

Behind the scenes, travel insurance companies are also using AI to conduct better risk management. And there are parts of the business where travel insurance companies won't talk about how they use AI, such as in efforts to sell policies on their sites. Travel insurance companies are also hush-hush about how they are analyzing data to set rates and identify patterns in fraudulent claims data.

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This story is a long time coming. Travel insurance companies have been generally slow to adopt AI. You can see artificial intelligence in action in a few places, but in the places that matter to you — such as finding the best policy — there are still some gaps. AI won't fix everything in travel insurance, but it promises to make many things better.

What took travel insurance so long?

Why has AI been slow to catch on in the travel insurance industry? Well, it has — and it hasn't. I wrote about how Allianz was using machine learning to improve its products five years ago .

But across the industry, change has been gradual.

"Travel Insurance is highly regulated," explains Tim Dodge, vice president of marketing at Arch RoamRight . "There are strict policy definitions, communications guidelines and adjudication rules to which we must adhere. For AI to be successful in our industry, it has to be implemented carefully; improving the customer experience while maintaining regulatory compliance."

If you file a travel insurance claim and get frustrated with the time it takes to be settled, it's because of the way travel insurance is set up. There's a lot of required documentation to review in support of the claim.

Dodge says AI can potentially facilitate and speed up the claims handling process and reduce claimants' frustrations, and that's what travel insurance companies are now doing.

Where can you see AI in action right now in travel insurance?

Travel insurance companies are not waiting for the future.

Arch RoamRight’s AI chatbot has been integrated into every aspect of its customer experience, from its phone system to its website and travel agent portal. It's even used as a training tool for new hires, according to Dodge.

At Generali Global Assistance , a carefully trained chatbot helps customers obtain instant assistance, receive accurate information, and navigate policy complexities. "This digitalization empowers our agents to provide personalized support promptly," says Christopher Carnicelli, CEO of Generali Global Assistance.

Allianz Travel Insurance has been using AI to help streamline its claims process for years. It just added a new chatbot for customer support, too. "Our chatbot supports the customer during filing in the event the customer has questions or needs further assistance, and uses AI to qualify the customer’s needs to quickly get them the help they need,” explains Maggie Butler, director of customer experience at Allianz Partners USA.

At Faye Travel Insurance , an AI-powered app helps customers file claims for flight cancellations, baggage delays, and medical emergencies. The app speeds up the claims process, ensuring travelers get paid in hours instead of days. "It's part of our commitment to making travel insurance an integral and personalized part of each traveler’s experience," says Elad Schaffer, Faye's CEO.

Over time, the entire travel insurance industry will embrace AI. But there are exceptions.

Can artificial intelligence help you find the best travel insurance?

AI might help you find a better policy, but you have to know where to look. I tested the major AIs to see how they responded to a sample query, "I'm a 28-year-old woman who lives in New York. I am planning a one-week trip to Paris this summer. Please help me find the best travel insurance."

• Gemini offered two options — Generali and Travel Insured International, but did not show rates or a bookable link. The responses appeared to be based on a news article.
• Meta AI generated a succinct response citing the benefits of travel insurance with key coverage areas.
• Microsoft Copilot showed a generic "how-to" story about travel insurance based on an article I had written for Forbes.
• Hugging Face gave a generic response with advice on how to buy travel insurance.
• Perplexity offered several specific options, including Seven Corners, Nationwide and Travelex. However, it based its quotes on a story on a news site and did not offer a link to buy the policies.

Bottom line: You can't really shop for travel insurance using AI — at least, not yet.

AI doesn't work for everything in travel insurance

In the travel insurance industry, like in other places, artificial intelligence isn't the answer to everything.

For example, at INF Visitor Care , a company that sells travel insurance to those traveling to the U.S., AI is helping automate its claims system. INF applies machine learning to identify emerging trends in claims to design policies that cover customers when they need it for unexpected issues.

"It has revolutionized the way we think about pricing and policy coverages," says PK Rao, CEO of INF Visitor Care .

But when it comes to customer service, AI is not always the best solution.

"We find customers enjoy talking to a live person on chat and phone," adds Rao.

The future of travel insurance and AI is promising

Over the long term, AI promises to reshape the travel insurance business into one that works the way customers expect it to — quickly, nimbly and efficiently.

At least that's what Daniel Green, chief technology officer for Faye Travel Insurance , sees.

"Imagine a world where most insurance claims are processed in hours instead of days," he says. "A computer system can go out and collect all the documentation for you and prepare the paperwork perfectly, ready for a human to make a quick decision on whether to approve it or not."

AI also has the potential to insure you for only what you need — to give you the "perfect" policy.

"AI can prepare it in seconds based on being able to tell a computer in your own words what coverage you need, by having it translated into insurance paperwork-speak for you," he adds.

We aren't quite there yet, but we're getting close.

There's one more thing that is potentially keeping AI from changing travel insurance — and that is customers themselves.

Breanne Armstrong, who is director of insurance intelligence at J.D. Power, says most consumers understand that artificial intelligence and machine learning have a lot of potential, "but there is hesitancy."

Armstrong bases her observation on another study that J.D. Power recently conducted on banking customers and AI. Only 28% of respondents said they believe AI will make their lives better in the next three years. Roughly one-third say it will make no difference, and 17% say it will make their lives worse.

All you have to do is engage with any chatbot to understand those 17% of respondents. Talking to an AI about banking or travel insurance — or anything else, really — can quickly end in frustration.

"There are mixed sentiments," adds Armstrong.

That may well describe how people feel about travel insurance and AI. It could be great. But if it isn't implemented carefully, it could be not so great.

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AIG Travel Guard insurance review: What you need to know

Whether you need an annual plan or a policy for a last-minute trip, travel guard can deliver..

Travel Guard is one of CNBC Select 's picks for best travel insurance , thanks to its wide range of customizable policies. But are any of them right for you? Below, we review the provider and its offers and how they compare to the competition to help you choose the right travel insurance for your next trip.

Travel Guard review

Other insurance offered, how it compares, bottom line, travel guard® travel insurance.

The best way to estimate your costs is to request a quote

Policy highlights

Travel Guard offers a variety of plans to suit travel ranging from road trips to long cruises. For air travelers, Travel Guard can help assist with tracking baggage or covering lost or delayed baggage.

24/7 assistance available

• A variety of plans are available to help cover different types of trips
• Not all products are available for purchase online

Travel Guard® is a global travel insurance provider specializing in plans for leisure and business travelers. Its online travel insurance packages include five options, from basic and last-minute trip coverage to more comprehensive plans. This allows travelers to pick a plan that best matches their situation.

For example, budget-minded travelers might go for the Essential Plan which offers basic protections, such as trip cancellation, interruption and delay insurance, coverage for lost, damaged and delayed baggage, and medical, evacuation and death coverage.

On the other hand, the Deluxe Plan — the most comprehensive option — adds such extras as missed connection coverage, security evacuation, travel inconvenience benefits and more. It also boosts high limits for essential coverages.

Last-minute travelers can opt for the Pack N' Go Plan which only includes certain post-departure coverages. Or, if you travel often, the Annual Plan can cover your trips throughout the year.

Finally, Travel Guard offers "offline" travel insurance packages, meaning you'll have to call if you're looking for a specialty plan.

Coverage types

Depending on the plan, here are the types of protection Travel Guard can include in your package:

• Trip cancellations
• Trip interruption
• Baggage coverage
• Baggage delay
• Travel medical expenses
• Travel inconvenience benefits (reimbursement for such situations as runway delays, cruise diversion and other unforeseen situations)
• Medical evacuation
• Trip Saver (reimbursement for meals, hotels and transportation if you need to begin your trip sooner due to weather or airline changes)
• Trip exchange (reimbursement in case you have to cancel your trip and book a new one due to covered unforeseen circumstances)
• Security evacuation (due to a riot or civil disorder)
• Flight guard (coverage for accidental death or dismemberment that occurs when traveling by plane)
• Pre-existing medical conditions exclusion waiver

You can also customize your plan with add-ons, such as car rental insurance and "cancel for any reason" coverage .

Travel Guard landed on our list of the best travel insurance companies thanks to its variety of coverage. With plenty of options to choose from, both online and offline, it's easy to build a policy that meets your needs.

Travel Guard also features 24-hour concierge services that you can use to book a new flight in case of an emergency or delay.

The provider's website also offers informational resources — here, you can check travel news, read safety tips and find general travel advice. Additionally, the website lets you modify your plan, file a claim and check its status, or apply for a voucher or refund.

As of writing, Travel Guard doesn't offer any discounts. That's common for travel insurance — you're more likely to find deals when shopping for other types of insurance, such as home and auto insurance .

Travel Guard is a portfolio of travel insurance and travel-related services offered by AIG Travel, a member of American International Group (AIG). AIG also offers life insurance and a variety of business insurance products.

Travel Guard makes it easy to get a travel insurance policy customized to your needs. But before you purchase coverage, it's always a good idea to shop around.

For example, if you're going on a cruise, you might want to look at Nationwide Travel Insurance . The provider advertises cruise-specific insurance with three plan options available. This type of coverage is designed with issues unique to cruises in mind — from ship-based breakdowns to missed pre-pard excursions.

If you're planning a more active trip filled with rock climbing or sky diving, Berkshire Hathaway offers the AdrenalineCare® plan which features coverage for unforeseen costs that result from participating in extreme sports on your trip, as well as reimbursement for sporting equipment delay. Pre-existing conditions are covered under this plan (if you meet qualifying conditions).

Berkshire Hathaway Travel Protection

Berkshire Hathaway Travel Protection has multiple plans to cover vacations from luxury travel to adventure travel. The brand's LuxuryCare offers the highest limits of travel insurance coverage offered by the company. Quotes and policies are available online.

As you can see, offerings vary by provider. It can be helpful to compare multiple companies and the plans they offer to find what works best for you. It's even better if you gather several quotes to ensure you're getting a good price for your policy.

Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox.  Sign up here .

Travel Guard offers plenty of ways to customize your policy, making it a solid choice for travel insurance. You can also access additional options by giving Travel Guard a call. However, make sure to check out other travel insurance companies too — comparison shopping is essential when picking any type of financial product.

Why trust CNBC Select?

At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every insurance review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of insurance products . While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics.

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Money latest: State pensions 'could be in doubt for future generations'

A pensions expert has told Money that if he was 20 today, he would be "sceptical" about the promise of a state pension. Read this and all the latest consumer and personal finance news below, plus leave a comment in the box.

Tuesday 30 April 2024 10:02, UK

• State pensions could be in doubt for future generations, expert warns
• Higher food prices and shortages warning - as new Brexit checks begin
• Royal Mail pausing £5 charge for post carrying counterfeit stamps
• Tesco offering up to £50 in points through 'Clubcard Challenges' campaign

Essential reads

• Swap rates are the reason mortgage rates are rising - what are they?
• Gameboys, Sindy dolls, designer shoes, 1950s furniture: The items in your attic that could be worth a small fortune
• Money Problem : 'A company isn't abiding by written warranty for dodgy building work - what can I do?'  
• '£2,000 landed in my account' - The people who say they're manifesting riches
• Train strikes in May - everything you need to know

Ask a question or make a comment

By James Sillars , business reporter

The index rose by 0.3% to 8,174 points at the open.

Only real estate stocks were proving any kind of drag.

Among the companies leading the gainers was HSBC.

It climbed by more than 2.6% in London after the Asia-focused bank announced a rise in shareholder awards despite a slight drop in quarterly profits.

The share price reaction also reflected news that chief executive Noel Quinn is to retire - read the full story of that here ...

Among the other gainers in early dealing was Whitbread.

The Premier Inn owner's annual results revealed a sharp rise in annual profits but also a new focus on hotel investment at the expense of its restaurant brands.

That was placing 1,500 jobs at risk, it warned - read the full story here ...

By Jess Sharp , Money team

We first came across Tom McPhail when he posted this on X... 

The pensions expert appeared to be suggesting state pensions were at risk of disappearing.  

After speaking to him on the phone, he confirmed that was exactly his concern, warning something needed to be done sooner rather than later to avoid a "catastrophic" situation.  

He described state pensions as a social contract – each generation pays taxes and national insurance, which funds the pensions of today's older people, and they hope the following generation will do the same for them.

But with population growth slowing, there's a worry there may simply not be enough people to keep the system afloat in the future.  

"There's a significant demographic shift going on in the UK. It started before the Second World War, cohorts of people born in the 1930s have been experiencing significantly longer lives than was the case prior to that, so people now in their 80s are living quite a lot longer," he said. 

"But at the same time, we've got fewer children coming through. And so this exacerbates the shift in the age of the population."

He said if he was 20 today, he would be "sceptical" about the promise of a state pension because he isn't sure how it's going to be paid for.  

At the moment, the state pension system costs around £120bn a year and more than half of retired people rely on it to make up at least 50% of their income, he added.  

Over the next 50 years, Tom predicts the proportion of GDP the state spends on older people will increase from around 16% to 25%.  

"I hesitate to use the word unsustainable, but it will certainly start to look challenging," he said.  

"If we suddenly switched off the state pension or significantly reduced it, people would be in trouble, so the government can’t do that. 

"You can't keep on progressively ratcheting up a more and more generous state pension. The costs of state pensions is going to become increasingly difficult for the younger cohorts to bear."

He pointed to a few ways to potentially salvage the state pension – policy change, more babies being born or people working until they are in their 70s.  

"Politicians are going to have to make decisions about how to get out of this kind of political bind," Tom added. 

"Time and time again it's just kick the can down the road on the pension question, just put a sticking plaster on it and let the next government deal with the problem. 

"You can't keep doing that. So I would really like to see, on the other side of this forthcoming general election... whoever's in power, in collaboration with whoever's in opposition, to just really open it up to some honest conversations about where the demographics are going to take us." 

He does note there is one piece of good news: "This happens quite slowly, so we do have time on our side." 

Basically, swap rates dictate the pricing of fixed-rate mortgages.

Lenders, such as banks and building societies, borrow in order to lend.

They borrow from financial markets and often these transactions are made using Sterling Overnight Index Average (SONIA) swap rates, which can move around.

By contrast, most domestic mortgages are set on what is known as a "term" rate – in other words, the borrower knows how much interest they will be paying for a set period of time.

To avoid a situation where the SONIA rate goes above the rate it is charging borrowers, which would leave the bank or building society lending at a loss, the lender will seek to enter a "swap" arrangement which protects them from such a situation.

Under such agreements, two parties exchange cash flows with each other. The lending bank will swap the variable payments it may make to service a mortgage (which is fixed to the SONIA rate) for payments at a fixed rate. This insulates the lending bank from unexpected increases in the SONIA rate.

Once a deal is struck based on the swap rate, mortgage providers set their fixed deals for customers, with their own profit margin priced in.

How are swap rates decided?

Swap rates are based on what the markets think will happen to interest rates in the future.

When they go up, so do the rates being offered on the high street, as we have seen in the last week or two amid uncertainty over whether forecasts for a summer base rate cut are accurate.

Read other entries in our Basically... series:

Train drivers will stage a fresh wave of strikes and overtime bans in May, causing disruption to the rail network.

The strikes are part of a long-running dispute over pay.

Members of Aslef union at 16 rail companies will walk out on different days from 7 to 9 May. Additionally, all members will refuse to work any overtime from 6 May to 11 May.

Here is a full list of the services affected by strikes and when.

Rail strike dates

Tuesday 7 May

Strikes will affect c2c, Greater Anglia, GTR Great Northern Thameslink, Southeastern, Southern, Gatwick Express and South Western Railway.

Wednesday 8 May

Strikes will affect Avanti West Coast, Chiltern Railways, CrossCountry, East Midlands Railway, Great Western Railway and West Midlands Trains.

Thursday 9 May

Strikes will affect LNER, Northern Trains and TransPennine Express.

Overtime ban dates

From Monday 6 May to Saturday 11 May union members will not work overtime.

Overtime bans, an action short of a strike, means some services may not be running or may be reduced as drivers refuse to work their rest days.

People are advised to check before they travel, as some areas may have no service.

How do strikes and overtime bans affect services?

Strikes tend to mean services on lines where members are participating are extremely affected or cancelled entirely, whereas overtime bans often lead to reduced services.

How can I stay in the loop?

You can use the National Rail's  journey planner  to see when trains are running.

Be sure to check it close to when you plan to travel, as it will be updated regularly.

Why are the strikes still happening?

Aslef rejected a two-year offer of 4% in 2022 and another 4% this year, saying this was way below inflation, and was linked to changes in terms and conditions.

Aslef says train drivers have not had an increase in salary for five years, since their last pay deals expired in 2019.

Royal Mail is temporarily waiving a £5 charge for unsuspecting members of the public who receive post sent with a fake stamp.

The company said it was developing a new scanner in its app which will let customers scan stamp barcodes and check whether they are recognised counterfeits.

While this takes place, the £5 charge for people who receive the post will be paused, Royal Mail said.

It added that it would work to ensure the sender of items posted with counterfeit stamps are charged instead of the recipient where possible.

Royal Mail chief commercial officer Nick Landon said new security measures alongside its barcoded stamps have "led to a 90% reduction" in counterfeits.

"We want our customers to buy stamps with confidence and always recommend that customers only purchase stamps from post offices and other reputable high street retailers," he said.

Tesco Clubcard users have the chance to secure up to £50 in points over the next six weeks as part of its new "Clubcard Challenge" initiative.

Three million Clubcard holders will be invited to take part in the campaign. If they accept, they'll receive 20 challenges that Tesco says will be "personalised just for them" - of which they can choose up to 10 to complete.

The supermarket giant said it was working with AI company EagleAI to offer the "hyper-personalised" promotion.

Challenges will involve spending a certain amount on a range, such as its BBQ food offering, or type of product, such as plant-based food. Customers who complete the "challenges" will be handed extra Clubcard points.

Lizzie Reynolds, group membership and loyalty director at Tesco, said the company was "very excited" to see how its customers responded.

Let us know what you think of this in the comments box above.

Strikes at Heathrow Airport are taking place over the next few weeks, with the first one already under way.

Staff at the UK's biggest airport are set to walk out during the early bank holiday in May, with their union warning planes could be "delayed, disrupted and grounded".

Click here to find out when all the strikes are, what disruption is expected and which airlines are affected...

The average price paid for comprehensive motor insurance rose 1% in the first quarter of the year, according to industry data indicating an easing in the steep rises seen last year.

The latest tracker issued by the Association of British Insurers (ABI) showed a 1% increase on the previous three months to £635.

That was despite the average claim paid rising 8% to reach a record of £4,800, the body said.

The ABI said the disparity showed that its members were "absorbing" additional costs and not passing them on.

Nevertheless, the average policy was still 33%, or £157, higher between January and March compared to the same period last year.

Read the full story here ...

Getir , the grocery delivery app, has abandoned a European expansion that is set to result in the loss of around 1,500 jobs in the UK.

Sky News had previously revealed that the Turkey-based company, which means "to bring" in Turkish, had  successfully raised money from investors to fund its withdrawals  from the UK, Germany and the Netherlands.

It had already departed other countries including Italy and Spain.

The exits were prompted by growing losses linked to the company's rapid expansion.

Waitrose is launching an exclusive range of products with popular chef Yotam Ottolenghi today. 

The Israeli-British chef is famous for his Middle Eastern and Mediterranean-inspired food, and has worked with the supermarket to release products including a pasta sauce, spice blend and shawarma marinade. 

It is the first time Ottolenghi has partnered with a supermarket in such a way. 

The full range will be available in Waitrose shops, Waitrose.com and Ottolenghi.co.uk from today, while a selection of products will be available from the supermarket on Deliveroo and Uber Eats. 

An introductory 20% off offer is being launched until 18 June. 

The range includes: 

• Ottolenghi Miso Pesto 165g (£4)
• Ottolenghi Kalamata Olive & Harissa Sauce  350g (£4.50)
• Ottolenghi Pomegranate, Rose & Preserved Lemon Harissa 170g (£5)
• Ottolenghi Green Harissa 170g (£5)
• Ottolenghi Aleppo & Other Chillies Blend (£3.95)
• Ottolenghi Sweet & Smokey Blend (£3.95)
• Ottolenghi Citrus & Spice Blend (£3.95)
• Ottolenghi Red Chilli Sauce (£4.50)
• Ottolenghi Shawarma Marinade (£4)

Ottolenghi said he had "always been super eager to get our flavours onto people's dinner plates nationwide, not just in London, without having to cook it from scratch every single time". 

He added: "I hate to admit it but the pasta sauce already features heavily in my home kitchen, when no one is looking."

The cost of bread, biscuits and beer could increase this year due to the impact of the unusually wet autumn and winter on UK harvests.

Research suggests that production of wheat, oats, barley and oilseed rape could drop by four million tonnes (17.5%) compared with 2023.

The wet weather has resulted in lower levels of planting, while flooding and storms over winter caused farmers more losses.

The predictions come just as the rate of price increases on many food items begins to slow as inflation falls.

The Energy and Climate Intelligence Unit (ECIU) analysed forecasts from the Agriculture and Horticulture Development Board (AHBD) and government yield data.

It found a "real risk" of beer, biscuits and bread becoming more expensive if the poor harvest increases costs for producers, according to its lead analyst Tom Lancaster.

Beer prices could be affected because the wet weather is still disrupting the planting of spring crops such as barley, the ECIU said.

And potatoes might also see a price hike in the coming months, with growers warning of a major shortage in the autumn due to persistent wet weather.

By Emily Mee , Money team

When I think about the toys of my childhood - my pink Barbie car, my Gameboy Micro, my collection of Pokemon cards - I can't tell you where they went. 

Maybe they were shipped off to a charity shop at some point... Or perhaps they're in the attic? 

While my hot pink Gameboy Micro is lost to the void of time (or a cardboard box somewhere in my mum's house), other versions of it are selling on eBay for £100 or more. 

And there are Pokemon cards selling for anything from a tenner to hundreds or even thousands of pounds. 

It's possible you also have items at home that are a collector's dream. 

Gumtree says its collectables category is already proving to be a "hotbed of activity" this year, with listings up 22% in 2024 so far. 

Its most popular items include rare stamps, coins, war memorabilia and Pokemon cards. 

Spring is often the most popular time for buying and selling collectibles, with demand spiking in March and April. 

We've enlisted the help of TV presenter and collectables expert Tracy Martin to give an idea of what could make you an easy buck. 

Old toys making a 'retro comeback'

Tracy explains that while trends change, vintage toys tend to stand the test of time. 

"Toys are always going to be popular because they tap into nostalgia, our childhood memories," she says, explaining that adults like to buy the toys they used to have. 

Perhaps you were into cars, and you've got some old diecast vehicles from Matchbox, Corgi or Dinky Toys. 

A quick look on toy auction site Vectis.co.uk shows a Corgi Toys "James Bond" Aston Martin estimated to sell for between £600 to £700 - while others are likely to fetch £50 to £60. 

Sindy dolls are also particularly sought after - particularly those from the 1960s - and Barbie dolls from the 1990s too. 

Pokemon cards have seen a "massive surge", Tracy says, with people paying "thousands and thousands of pounds" for good unopened sets. 

She's even seen examples of people paying £16,000 upwards. 

Another up-and-coming market is games consoles, such as Gameboys, vintage consoles and PlayStations, which are making a "retro comeback".

What else could earn you some cash?

Tracy says there's currently a surge in people wanting to buy "mid century" furniture, which is dated to roughly 1945 to 1965 and typically uses clean lines and has a timeless feel. 

Vintage Danish furniture is sought after, particularly tables and chairs with good designer names such as Wegner, Verner Panton and Arne Jacobsen.

Prices range from the low hundreds into the thousands.

People will also look out for vintage framed prints by artists such as Tretchikoff, J.H. Lynch and Shabner - these can range in price from £50 upwards to a few hundred pounds plus. 

Vintage clothes, handbags and shoes can fetch a good price - but you can also invest in modern pieces. 

Tracy suggests looking out for good classic designs with high-end designer names such as Gucci, Chanel, Dior and Louis Vuitton. 

Modern designers such as Irregular Choice, Vendula and Lulu Guinness are also collected. 

Collaborations with designers and celebrities can do well as they're often limited edition. 

For example, Tracy says the H&M x Paco Rabanne maxi silver sequin dress retailed at £279.99 last year but now sells for in excess of £600. 

When it comes to shoes, "the quirkier the design the better" - so look out for brands such as Irregular Choice and Joe Browns. 

Converse and Dr Martens collaborations also do well, depending on the design and condition, as well as Adidas and Nike limited edition trainers. 

What's the best way to sell?  

Tracy recommends to always research before selling your items, as they might perform better on different platforms and you can also get an idea of how much they sell for. 

For example, Vinted can be a good place to sell clothes and shoes, while other items might be better suited for sale on Gumtree, eBay or Etsy. 

Tracy's favourite way to sell is through auction - especially if there are specialist sales. 

Vectis is one of the biggest and most popular for toy selling. 

Interests in different periods and items can go up and down, but for the time being vintage pieces from the 1980s and 90s are popular. 

How much you'll be able to get from an item often takes into account its rarity, condition, whether it reflects a period in time, and if it's got a good name behind it. 

You never know - you might be sitting on a treasure trove. 

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