As a traveler, one of the most important aspects of planning your trip is figuring out how to manage your finances while abroad.
In recent years, digital banking platforms like Revolut have gained popularity for their convenience and flexibility.
But what about using Revolut in Skopje, the vibrant capital of Macedonia?
If you’re considering using Revolut during your visit to Skopje, this article will provide you with the essential information you need to know.
We’ll explore whether Revolut is widely accepted in Skopje, any potential limitations or challenges you might encounter, and alternative options for managing your finances while exploring this beautiful city.
So, whether you’re a Revolut user or simply curious about the options available for banking in Skopje, keep reading to find out all you need to know about using Revolut in this dynamic Macedonian capital.
TLDR: Good news! You can indeed use Revolut in Skopje for card payments and cash withdrawals. With Revolut’s support for multiple currencies, including the Macedonian denar, you’ll be able to enjoy a seamless and hassle-free experience when making transactions during your stay in this captivating city.
What Is Revolut?
Revolut is a digital banking platform that makes managing your finances while traveling effortless.
The platform enables you to access your money in different currencies at very low costs, making it perfect for use abroad. With its modern mobile app, you can keep track of all your transactions and easily manage your account from anywhere.
As a user, you can enjoy features such as exchanging currencies, making free money transfers in 26 currencies, and spending in 120 currencies.
Additionally, Revolut offers a prepaid Visa card, which can be used in numerous countries.
Here’s a breakdown of some of the key features offered by Revolut:
- Low-cost currency exchange
- Free money transfers in 26 currencies
- Spending in 120 different currencies
- Prepaid Visa card for easy access to your funds
Whether you’re going on vacation, traveling for business, or simply need a convenient way to manage your funds across multiple countries, Revolut has you covered.
The platform takes care of currency conversions for you, ensuring a stress-free experience during your travels.
Using Revolut in Skopje
As a Revolut user, you can conveniently use the app while traveling in Skopje, the capital of Macedonia.
This section outlines essential information on currency conversion, ATM withdrawals, and utilizing your Revolut card in Skopje.
With Revolut, you’ll enjoy seamless currency conversion for your transactions in Skopje.
The local currency is Macedonian Denar (MKD), and Revolut automatically converts your home currency to MKD using the real, interbank exchange rate.
This means you’ll get the best possible rates without hidden fees or charges on weekdays. However, be aware that a markup of up to 1% may apply during weekends.
Withdrawing cash at local ATMs in Skopje is straightforward with your Revolut card.
There are numerous ATMs across Skopje from various banks, providing easy access to cash when needed.
It’s essential to monitor your withdrawal limits, which vary depending on your Revolut plan, to avoid potential fees.
Also, some ATMs may charge their own fees for withdrawals, so it’s good practice to check before completing a transaction.
Revolut Card Use
Your Revolut card is accepted at many businesses in Skopje, including shops, hotels, and restaurants.
Look for the Visa and Mastercard logos at payment terminals, indicating that your Revolut card can be used for payment.
Additionally, you may make contactless payments where available, enhancing your shopping and dining experiences in Skopje.
Lastly, remember to keep your Revolut app handy, as it helps with budget planning, transaction tracking, and customer support access.
Local Banking Partners
When using your Revolut card in Skopje, it’s essential to know about the local banking partners, as they might offer better exchange rates and cheaper ATM withdrawals.
This way, you can experience seamless and convenient banking while traveling.
Revolut doesn’t have specific local banking partners in Skopje or Macedonia.
However, since the Revolut card is a Mastercard or Visa, you can use it at any ATM, store, or service provider that accepts these card providers.
This gives you extensive coverage, making it easy for you to withdraw cash or make purchases with your Revolut card during your stay in Skopje.
Here are some tips to help you use your Revolut card effectively in Skopje:
Be aware of ATM fees: Some ATMs might charge a fee for cash withdrawals. To avoid these charges, use ATMs from reputable banks, and check for any additional fees before completing the transaction.
Choose the local currency: When offered the choice between the local currency (Macedonian Denar – MKD) and your home currency when paying or withdrawing cash, always select the local currency to benefit from Revolut’s competitive exchange rates.
Carry an alternative card or cash: To ensure a hassle-free experience, have a backup option available, such as an alternative debit or credit card or some cash in the local currency, in case of emergency or if Revolut isn’t accepted.
Revolut’s Fees and Charges (in Macedonia)
When using your Revolut card in Skopje, you’ll benefit from fee-free spending abroad.
This means you can make purchases without incurring any hidden fees, up to a certain limit, depending on your plan.
For instance, for Revolut Standard and Plus plans, there’s a 0.5% fee for balances above £1,000.
For international money transfers, Revolut has different fees for its customers.
If you have a Premium plan, you’ll get one fee-free cross-border transfer per month, while Metal customers can enjoy unlimited fee-free transfers.
In other cases, you’ll be charged 0.3% of the transferred amount, with a minimum and maximum limit.
When it comes to cash withdrawals, it’s important to consider the limits set by Revolut.
If you withdraw cash from an ATM in Skopje, the following fees apply depending on your plan:
- Standard plan: Free up to £200 per month, then 2% fee after that
- Premium plan: Free up to £400 per month, then 2% fee after that
- Metal plan: Free up to £600 per month, then 2% fee after that
Your money is always exchanged at the best possible rate when using Revolut, making it an excellent choice for travelers exploring multiple countries.
However, it’s essential to be aware of the fees and charges to make the most of your budget while visiting Skopje.
How to Stay Safe and Secure
Last but not least, let’s explore the security features offered by Revolut and some fraud prevention tips to help ensure a smooth experience.
Revolut is known for its award-winning security systems that help protect your money. By law and under FCA regulation, your money is protected by regulated banks.
A standout feature offered by Revolut is the ability to easily freeze and unfreeze your card through the app.
In case you lose your card or suspect suspicious activity, you can take immediate action to safeguard your account.
You can also enable location-based security, which will block transactions if your smartphone’s location doesn’t match the location of the payment being made.
Fraud Prevention Tips
To further protect yourself while using Revolut in Skopje, follow these fraud prevention tips:
• Always remember that Revolut or any other financial institution will never ask you to transfer money to a safe account or contact you out of the blue to ask for your full PIN, password, or passcode (Revolut blog).
• Avoid sharing your card details with unknown websites or apps. Stick to trusted merchants and developers.
• Monitor your account regularly for any unusual activity or transactions.
• Keep your Revolut app up to date, as updates often include important security enhancements.
By following the above guidelines and making use of Revolut’s security features, you will be able to enjoy a safe and secure experience while traveling and managing your finances in Skopje.
When traveling to Skopje, using your Revolut account can certainly make your trip more convenient and budget-friendly.
With its low fees and multi-currency support, you can enjoy seamless transactions without worrying too much about exchange rates and hidden costs.
As a Revolut bank user, you can take advantage of services like cash withdrawal, credit transfer, card payments, payment initiation, money remittance, and account information while abroad.
Using Revolut in Skopje means you can focus on enjoying your trip rather than dealing with the hassles of traditional banking and currency exchange.
Don’t hesitate to try out Revolut when planning your next international adventure.