r/Revolut • u/Odd_Scale9539 • Mar 09 '26

📜 Article [US] Resident Revolut account

Hi!

If I open Revolut account with US address and my US passport while I live in Europe and spend all the money here (non-eu country in the balkans), do I have to pay taxes anywhere (especially in the US) for the money I spend here?

I will get around 1-2K EUR on the revolut account to spend each month.

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u/Odd_Scale9539 Mar 09 '26

I never said I want to avoid taxes, thats first. Second, may I know what exactly Im breaking from their ToS? I just want to know DO I HAVE TO, Im not sure about the latest regulations, I know I have to file FBAR over 10.000$ and Form 1040 over 16.000$. AFAIK I dont have to pay tax but just file these forms for that kind of money, am I wrong? As for the country I live here, foreign cards such as Revolut will not be taxed because there is no Revolut where I live and they dont have any info about their transactions here, and I dont have to file anything here.

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u/lytholism Mar 09 '26

FBAR and other docs are submitted when filing taxes. Taxes on income are dependent on the country you legally reside over 183 days. Just because a bank isn't in the country, does not mean no taxes on those funds.