Revolut is available in Australia and has been accepting Australian users since 2022. For Australian freelancers earning USD or other foreign currencies, it offers one of the lowest FX rates available — potentially saving thousands per year versus an Australian bank or PayPal.
This review covers what you actually get as an Australian Revolut user, the real fee structure, and how it stacks up against Wise for freelancers earning foreign income.
Is Revolut Available in Australia?
Yes. Revolut launched in Australia and is regulated by ASIC (Australian Securities and Investments Commission). Australian users get:
- Full personal and business account access
- AUD balance alongside 30+ other currencies
- Revolut Visa debit card
- Australian bank account details for receiving AUD
- Access to all Revolut plans including Revolut Business
Revolut Australia Plans and Fees
| Plan | Monthly fee | FX rate | ATM withdrawals |
|---|---|---|---|
| Standard (Free) | AUD $0 | 0% up to AUD $2,000/mo, 1% above | AUD $350/mo free |
| Plus | AUD $7.99/mo | 0% up to AUD $5,000/mo, 0.5% above | AUD $700/mo free |
| Premium | AUD $17.99/mo | 0% unlimited | AUD $700/mo free |
| Metal | AUD $29.99/mo | 0% unlimited | Unlimited |
For freelancers converting foreign income to AUD: the Standard plan covers you if you earn less than AUD$2,000/month in foreign currency. Premium at AUD$17.99/month gives unlimited 0% FX and is the best value for anyone earning more.
How Much Does Revolut Save Australian Freelancers?
A typical Australian freelancer earning $3,000 USD/month (≈AUD$4,600):
| Method | FX rate | Monthly cost | Annual cost |
|---|---|---|---|
| Australian big bank (CBA, ANZ, NAB) | ~2.8% | ~AUD $129 | ~AUD $1,548 |
| PayPal | ~3.5% | ~AUD $161 | ~AUD $1,932 |
| Revolut Premium | 0% unlimited | AUD $17.99/mo | AUD $216 |
| Wise | 0.48% on USD→AUD | ~AUD $22 | AUD $264 |
Revolut Premium saves approximately AUD $1,330/year vs the average Australian bank on this income. Even the free plan is dramatically better than a bank for amounts under AUD$2,000/month in conversions.
Revolut Business Australia
Revolut Business is also available in Australia and includes:
- Australian BSB + account number for AUD receipts
- Multi-currency IBANs (GBP, EUR, USD)
- Invoicing tools built into the app
- Expense cards (virtual and physical Mastercards)
- Xero and QuickBooks integrations
- Team expense management
Business plans for Australian users:
| Plan | Monthly fee | FX | Best for |
|---|---|---|---|
| Free | AUD $0 | 0% up to AUD $2k/mo | Just starting |
| Grow | AUD $19/mo | 0% unlimited | Most freelancers |
| Scale | AUD $49/mo | 0% unlimited + higher limits | Teams |
Revolut vs Wise: Which Is Better for Australian Freelancers?
| Revolut (Premium) | Wise | |
|---|---|---|
| Monthly fee | AUD $17.99 | AUD $0 |
| FX fee (USD→AUD) | 0% unlimited | 0.48% |
| Break-even | AUD $3,748/mo in conversions | — |
| Multi-currency | ✅ 30+ | ✅ 40+ |
| AUD account | ✅ | ✅ |
| USD account details | ✅ | ✅ |
| Invoicing | ✅ (Business) | ✅ (Basic) |
| Upwork integration | ❌ | ❌ (manual) |
| Available in Australia | ✅ ASIC-regulated | ✅ ASIC-regulated |
Choose Revolut if: You convert more than AUD$3,748/month equivalent — at that volume, Premium's 0% FX saves more than Wise's 0.48% per-conversion fee.
Choose Wise if: You earn under AUD$3,748/month in foreign currency — no subscription means Wise is cheaper. Wise also has a wider currency network and is often the default for direct client billing.
Use both: Many Australian freelancers use Wise to invoice US/UK clients (they get local bank details — no international wire fee for the client), and Revolut for day-to-day multi-currency spending, travel, and AUD management.
Revolut vs Australian Banks
| Revolut (Free) | Revolut Premium | CBA/ANZ/NAB | |
|---|---|---|---|
| FX fee | 0% (up to AUD$2k/mo) | 0% unlimited | 2.5–3.0% |
| Monthly fee | $0 | AUD $17.99 | $0–$20 |
| Multi-currency | ✅ | ✅ | ❌ |
| International transfers | Low fee | Low fee | AUD $22–$32/transfer |
| Receiving foreign payments | ✅ | ✅ | Wire only (fees apply) |
The difference is stark. On AUD$4,600/month in foreign income, Australian banks charge AUD$115–138 in FX fees alone. Revolut Premium costs AUD$17.99 total.
What Australian Freelancers Can't Do with Revolut
- Upwork/Fiverr native integration — Revolut isn't an official partner. For zero-fee platform withdrawals, use Payoneer, then transfer USD to Revolut or Wise for conversion.
- APRA deposit protection — Revolut is ASIC-regulated (AFS Licence 517589) but is not an ADI (Authorised Deposit-taking Institution). Funds are held in segregated trust accounts but not guaranteed by the Australian government. This is typical for fintech e-money accounts.
- Superannuation or tax integrations — Revolut doesn't integrate with Australian tax tools like Xero Tax or the ATO portal (use Xero or QuickBooks for that).
How to Set Up Revolut as an Australian Freelancer
- Download the Revolut app and sign up with your Australian phone number
- Verify your identity — Australian passport or driver's licence
- Choose your plan — Standard (free) if you convert under AUD$2,000/month, Premium otherwise
- Add USD or multi-currency account details to your invoices for US and UK clients
- For Upwork/Fiverr: set Payoneer as your withdrawal method → transfer USD to Revolut USD wallet → convert to AUD at 0% within your plan
Frequently Asked Questions
Is Revolut safe in Australia? Yes. Revolut operates in Australia under ASIC regulation (AFS Licence 517589). Customer funds are held in segregated trust accounts. It is not an ADI, so balances are not covered by the Australian Government Deposit Guarantee, but the safeguarding structure is standard for licensed e-money providers.
Can I receive USD from US clients into Revolut Australia? Yes — Revolut Business gives you USD routing and account numbers so US clients can pay you as a local US business with no international transfer fee on their side.
Does Revolut charge for AUD withdrawals to my Australian bank? Transfers to an Australian bank account (BSB + account number) are typically free from Revolut, with 1–3 business day settlement via NPP (New Payments Platform) or BECS.
Is Revolut Business worth it for Australian freelancers? Yes, if you need invoicing, expense management, or multiple currencies in one place. The Grow plan at AUD$19/month with unlimited 0% FX is competitive with Wise at typical freelancer income levels. For solo freelancers who just need cheap FX, the free plan or Wise is simpler.
How does Revolut compare to Wise for Australian freelancers? At under AUD$3,748/month in foreign currency conversions, Wise is cheaper (no subscription). Above that, Revolut Premium's 0% FX beats Wise's 0.48%. Both are dramatically cheaper than any Australian bank.
Related guides:
- Revolut Business Full Review
- Wise vs Revolut: Full Comparison
- Wise vs Revolut Australia: Which Wins?
Last updated April 2026. Revolut plans and fees may change — verify current pricing in the Revolut app before signing up.
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