Revolut is a digital banking app and platform that provides a range of financial services through its mobile application. It was founded in 2015 with the vision of making international banking transactions as affordable and seamless as possible. The platform offers a suite of tools tailored for both individual and business users, including fee-free currency exchange, commission-free stock trading, cryptocurrency exchange, and peer-to-peer payments.
One of the key features of Revolut is its ability to hold multiple currencies, allowing users to spend abroad in over 150 currencies at the real exchange rate. The mobile app also provides security features such as card locking, spending limits, and location-based security. Additionally, Revolut offers budgeting and analytics tools that help users track their spending and manage their finances effectively.
Revolut has garnered a strong user base due to its innovative features and user-friendly interface, attracting millions of customers worldwide. As a fintech company, it operates with a focus on offering hassle-free financial services through technology, which has set it apart in the rapidly evolving digital banking space.
Revolut is currently available for residents of the following countries:
Belgium, United Kingdom, France, Germany, Netherlands, Spain, Austria, Bulgaria, Croatia, Cyprus, Denmark, Estonia, Finland, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden, Switzerland
24/7 availability- anytime, anywhere
No matter where you are, at home or abroad, you can access your Revolut account via the app, check your account balance, control your savings, get customer support, make payments and even freeze your debit card if needed. In addition, get real-time notifications every time you make a transaction, so there won’t be any surprises at the end of the month. No need to make appointments, stand in line and lose working hours to manage your finances.
Get approved fast
Opening an account with Revolut is simple, with no lengthy paperwork. Just download the app, prove your identity, top up your account and you’re ready to go. Revolut doesn’t require a copy of your credit history to approve your account, meaning you can open an account and get approved in minutes.
Lower fees
Another main reason to use Revolut is the low (or no!) fees. Revolut has no physical branches, therefore they can offer lower fees than traditional banks – especially when it comes to ATM withdrawals, money exchange/transfer and payments abroad. For example, Revolut offers zero fees on all transactions, including purchases made overseas!
Makes traveling easier
Revolut = borderless banking. Low/no exchange rates and low/no ATM withdrawal fees worldwide make traveling a whole lot easier (and cheaper) than with traditional banks- especially in the eurozone. And for added safety, freeze or unfreeze your debit card while you travel, directly in the app.
Go paperless
One of the frustrating things about traditional banks is the amount of documents, contracts and letters that are sent to your mailbox. With Revolut everything you need is in the app and all communications are sent to your app or your email. Gone are the days of rummaging through piles of paper around your house – and protecting the environment is the cherry on top.
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