In Hong Kong, an international financial hub, choosing from multiple payment tools is crucial. For travelers frequently visiting Hong Kong and international visitors staying temporarily, the usability of Revolut, a global digital banking tool, has attracted much attention. This article will detailedly explain Revolut's service status, usage scenarios, fee details, and precautions in Hong Kong, helping you quickly grasp the key points of using this tool in Hong Kong.

I. Revolut's Service Status in Hong Kong

Currently, Revolut's services in Hong Kong have clear limitations, with the core rules as follows:

• Hong Kong residents: Cannot open new accounts. Existing accounts (if previously registered in supported countries) can continue to be used, but the new user registration channel has been closed.
• International tourists: Existing users from Revolut-supported countries/regions can normally use account and card functions, including payments and withdrawals.
• Service scope: Cards are valid at Visa/Mastercard partner merchants in Hong Kong, but do not support localized new user expansion for Hong Kong residents.

II. Usage Scenarios of Revolut Cards in Hong Kong

1. Payment Scenarios

Revolut's physical or virtual Visa/Mastercard can be used in the following scenarios in Hong Kong:

• Offline merchants: Supports most retail stores, restaurants, hotels, etc., that accept Visa/Mastercard (such as chain supermarkets, brand stores).
• Online platforms: Hong Kong local e-commerce (such as HKTVmall), international shopping websites (such as Amazon), etc., can all be bound with Revolut cards for payment.

Note: Small merchants (such as street vendors, traditional tea restaurants) may prefer local tools like AlipayHK and WeChat Pay. It is recommended to confirm in advance whether international cards are supported.

2. ATM Withdrawals

• Hong Kong ATMs marked with Visa/Mastercard logos (such as ATMs of HSBC and Bank of China Hong Kong) allow direct withdrawal of HKD cash.
• It is recommended to select "No Conversion" when withdrawing money to avoid additional currency conversion fees charged by the ATM. Revolut will settle according to the real-time exchange rate.

III. Fee Details for Using Revolut in Hong Kong

1. Currency Conversion Fees

• Standard account: The first £1,000 per month (weekdays only) is free of conversion fees. A 1% fee is charged for amounts exceeding this limit and for weekend conversions.
• Premium/Metal accounts: Higher free limits (e.g., £6,000 per month for Premium), with a 1% fee also applied to weekend conversions.
• If you spend with non-HKD balances in Hong Kong, the system will automatically convert, and fees will be charged according to the above rules.

2. ATM Withdrawal Fees

• Free allowance: £200 per month or 5 withdrawals (whichever comes first). A 2% fee (minimum £1) is charged per withdrawal beyond this limit.
• Some local ATM operators may charge additional network service fees (approximately HKD 10-20). It is recommended to choose bank-owned ATMs.

3. Other Fees

• No additional foreign currency transaction fees. Local HKD transactions in Hong Kong (paid with HKD balances) have zero fees.

IV. Account Eligibility and Usage Restrictions

Eligible Users

• Eligible users: International tourists (with existing accounts from Revolut-supported countries/regions), short-term visitors to Hong Kong.
• Restricted users: Hong Kong residents cannot register new accounts. Existing users can continue to use their accounts but without special localized services.

Core Restrictions

• Cannot bind local Hong Kong bank accounts for top-up (must use banks or credit cards from supported countries/regions).
• Does not support Hong Kong's FPS transfer system and cannot directly transfer with local e-wallets.

V. Practical Tips for Using Revolut in Hong Kong

1. Prefer spending with HKD balances: Exchange HKD to your account in advance to avoid conversion fees from automatic conversion (especially on weekends).
2. Monitor limits: Keep track of monthly free conversion limits and ATM withdrawal counts to avoid over-limit fees.
3. Prepare multiple payment tools: Small merchants may not support international cards. It is recommended to carry cash or local e-wallets (such as AlipayHK) at the same time.
4. Check exchange rates in time: Confirm the real-time exchange rate in the APP before making large purchases to avoid losses from exchange rate fluctuations.

VI. Alternative Solutions for Hong Kong Residents

For Hong Kong residents in need of multi-currency services, the following local tools can be chosen:

• Digital banks: Such as ZA Bank, Mox Bank, supporting multi-currency accounts and low-cost cross-border transfers.
• E-wallets: AlipayHK, WeChat Pay HK, suitable for high-frequency local consumption and supporting FPS fast transfers.
• Traditional banks: Multi-currency accounts of HSBC and Bank of China Hong Kong, suitable for large cross-border fund management.

VII. Summary

Revolut is a convenient payment tool for international tourists and existing users in Hong Kong, especially suitable for consuming or withdrawing money through the Visa/Mastercard network during short visits. However, attention should be paid to weekend conversion fees and ATM limits. Nevertheless, Hong Kong residents cannot register new accounts and there is a lack of localized functions (such as FPS support), so long-term use requires matching with local tools. Revolut's services in Hong Kong may be adjusted in the future. It is recommended to confirm the latest policies through the official website before departure and reasonably plan payment methods to reduce costs.