Revolut is increasing its foreign currency markup from 0.5% to 1% once users go over 1000 euro per month. This announcement is strategically buried in today's "update to t&cs" email underneath a lot of pointless drivel about updated app design. For those travelling a lot outside the eurozone this is potentially quite significant as Revolut is now only marginally more competitive than other providers. I fear the 1000 euro monthly allowance will soon disappear too.
I got the email today. Currency exchange is the 2nd item, large heading, not buried at all:
Currency exchange fees
For Standard customers, currency exchange fees will remain the same up to a fair usage limit of €1,000 per month. For exchanges above this limit, our fees are increasing from 0.5% to 1%. Weekend rates aren't impacted by this change.
It's not remotely buried in the email!! And anyway I think it is fair enough. Once again there is pearl clutching when a financial institution tries to make money!