Revolut is a UK-founded financial app launched in 2015, regulated by the FCA and the Bank of Lithuania, with a CySEC MiCA license for crypto. Its welcome offers are small cash sign-up rewards: £20 for new UK customers who join through the Manchester City campaign link, and in the EU a €20 Primavera Sound campaign reward in five countries plus a €10 offer for students, each paid after you open an account through a promotion link and make a qualifying card purchase. The reward is real spendable cash, but you have to spend your own money first to unlock it.
Risk warning: Trading carries a high risk of losing money, especially with leveraged products such as CFDs. A bonus does not reduce that risk. Only deposit what you can afford to lose.
Revolut
New Revolut customers in Austria, France, Germany, the Netherlands and Spain can get €20 cashback for a first card payment of at least €20 through the Primavera Sound 2026 campaign, and students in Spain, Italy, the Netherlands and Portugal can get €10 for a €10 card payment. Both offers end on 31 December 2026.
Revolut
New UK Revolut customers get £20 in real cash after opening a Personal account through a promotion link and spending at least £20 on their Revolut card.
Profile checked against official sources on · How we rate
Revolut started in London in July 2015 as a travel card with cheap currency exchange, founded by former trader Nik Storonsky and software engineer Vlad Yatsenko. It has since grown into one of the largest financial apps in the world, passing 70 million customers during 2025, 13 million of those in the UK.
The licensing picture matters because it answers the most common trust question. In the EU, Revolut Bank UAB has held a full banking licence from the European Central Bank, supervised by the Bank of Lithuania, since December 2021, so EU customers are bank customers with deposit insurance. In the UK, Revolut received a restricted banking licence in July 2024, spent 20 months in the mobilisation phase, and launched Revolut Bank UK Ltd in March 2026 with FSCS protection on deposit accounts. UK customers are being migrated from the old e-money entity gradually, so some new sign-ups still land on Revolut Ltd first.
Revolut's invest tab covers more than 4,000 US and European stocks, over 1,000 ETFs, commodities and crypto. Fractional dealing starts at $1 for US securities and €1 for EU securities, so nothing about the product forces a big deposit. In the UK, trading runs through Revolut Trading Ltd, an FCA-authorised investment firm (FRN 933846). In the EEA, the broker is Revolut Securities Europe UAB, licensed by the Bank of Lithuania. Crypto in the EEA sits under Revolut Digital Assets Europe Ltd, which received a MiCA licence from CySEC in October 2025.
Commissions depend on your plan tier. Standard accounts get one commission-free stock or ETF trade per month, Plus gets three, Premium five, and Metal and Ultra ten. Past the allowance you pay a percentage commission per order, around 0.25% with a minimum of about 1 euro or pound on most plans. Exact numbers vary by market, so check the fees page for your country before assuming a trade is free.
Revolut's welcome offers are small cash rewards for new personal customers, not deposit-matched broker bonuses. The pattern is consistent across markets: you open your first Revolut personal account through a promotion link, pass identity verification, and complete a short task list before the promotion deadline. In the US version, the qualifying step is a card transaction of at least $1 with your new physical or virtual card before the promotion period ends. The current UK offer pays £20 after a first card purchase of at least £20 made through the Manchester City campaign link, and the EU Primavera Sound campaign pays €20 after a card payment of at least €20 in Austria, France, Germany, the Netherlands and Spain, with a separate €10 offer for students in Spain, Italy, the Netherlands and Portugal. Amounts change by country and campaign, and only one bonus is paid per customer.
Two terms trip people up. First, the new-customer definition is strict: anyone who has ever registered a Revolut personal account with any Revolut entity worldwide is excluded, even if the old account was never used. Second, reversals can cost you the reward. Revolut can withhold or reverse the bonus for fraud or abuse of the promotion, and its earlier sign-up terms also allowed a clawback if the qualifying purchase was refunded or the account was closed quickly.
Referrals are invite-only on the referrer side. Revolut activates campaigns for selected customers through a tile in the app home screen or an email, and that invitation defines your reward amount, your referral cap and the campaign end date. You cannot generate a referral link on demand, and rewards go only to the referrer in most current campaigns, unless a separate welcome offer applies to the friend.
For the reward to pay out, the invitee must sign up for their first personal account through the unique link, pass identity checks, top up from an external source, order a physical card, and make a set number of card purchases above a minimum amount stated in the invitation. Purchases must be genuine: transactions to gambling services, gift card sellers, currency exchange providers and money transfers do not count. Some campaigns pay a fixed amount per referral, while the variable rewards version draws each payout from a prize table ranging from £10 to £200, with £10 the most likely outcome at 60% odds. Rewards land in your main balance within 10 working days after the promotion period ends.
Read the deadline in your specific invitation or promotion page, because every step, including card delivery and the final card purchase, must finish inside the promotion window. Ordering the physical card can carry a delivery fee on the free plan, which eats into a small reward. Confirm which entity will hold your account, since UK onboarding is split between Revolut Ltd and Revolut Bank UK Ltd during the migration.
Treat the reward as what it is: a modest cash credit that requires spending your own money on real purchases first. Revolut states it can reverse rewards and close accounts where it sees coordinated or fraudulent claiming, so keep the activity genuine.
Open your first Revolut personal account through a valid promotion link, pass identity verification, and complete the listed tasks before the deadline. In the UK that means a first card purchase of at least £20 through the Manchester City campaign link, in the EU Primavera Sound campaign a card payment of at least €20, and in the US a card transaction of at least $1. The cash lands in your Revolut balance, and one bonus is paid per customer.
Revolut invites selected existing customers through an in-app tile or email. That invitation sets the reward amount, the referral cap and the deadline. Your invited friend must open their first personal account through your link, top up from an external source, order a physical card and make the required card purchases. The reward is paid to the referrer within 10 working days after the campaign ends.
Yes in most of its core markets. Revolut Bank UAB has held a full EU banking licence supervised by the European Central Bank and the Bank of Lithuania since December 2021, and Revolut Bank UK Ltd launched as a fully licensed UK bank in March 2026 with FSCS deposit protection. Some UK customers are still being migrated from the older e-money entity.
In the UK it is Revolut Trading Ltd, an investment firm authorised and regulated by the FCA under reference 933846. In the EEA it is Revolut Securities Europe UAB, licensed by the Bank of Lithuania. Crypto services in the EEA run under Revolut Digital Assets Europe Ltd, which holds a MiCA licence from CySEC.
The usual causes are an invitee who had a previous Revolut account anywhere in the world, a missed step such as the physical card order, purchases below the minimum or in excluded categories like gift cards or money transfers, or steps completed after the campaign deadline. Refunded purchases and quickly closed accounts also void the reward.
It depends on your plan. Standard includes one commission-free stock or ETF trade per month, Plus three, Premium five, and Metal and Ultra ten. Beyond the allowance a percentage commission applies per order, with exact rates varying by market.