A leading option for those who travel regularly. In the UK it might not be able to completely replace your bank.
While at the time of writing it is not operating as a bank, it is slowly becoming one, having actually received a challenger bank license from the European Central Bank in December 2018. In early 2021 it also applied for a UK banking license and a bank charter in the US.
today we’re going to be evaluating with the goal to help you answer concerns like should you get a account and how will it benefit you and to do this we’ll be looking at how e rated on our monito rating and what led to us giving them an 8.6 this will help us choose whether we can rely on with our money as
Is Revolut Bank Shares the world’s first global financial superapp?
well as get a clear photo of their advantages and services their costs and exchange rates and likewise see how their consumers rate established in 2015 is a private business with over 2 000 employees they’re an award-winning business and in 2020 won the uk tech awards for business of the year since december 2021 their accounts and cards are readily available to consumers residing in the uk us eu and eea nations australia singapore switzerland and japan unfortunately no canada or brand-new zealand however new zealand is looking likely in the near future if you visit their site they state they have a banking licence which was granted by the european central bank in poland and lithuania this allows them to use banking services in a variety of european countries consisting of bulgaria croatia romania slovenia in addition to france italy and portugal and more nevertheless they’re yet to be approved a banking license in the uk the us or anywhere else they operate however even if they’re not a standard bank and do not have a banking license
in certain nations doesn’t indicate your cash isn’t safe are actually required to protect your cash with larger banks with a bank like lloyd’s or barclays so if were to go bust your money would be safe and because of this and the truth they’re fully managed by the fca in the uk and certified as a bank in specific european countries we scored an 8.9 for trust and trustworthiness with over 16 million consumers already trusting with their cash we think you can certainly trust them with yours has actually been really ingenious when it pertains to banking their mobile app unlike conventional banks is special wonderfully developed and really stands out for its numerous features and offerings when you initially sign up you’ll be asked to select a plan there are four readily available requirement which is totally free plus premium and metal these are their costs in the uk however they may differ depending on where you lie the fundamental offerings of are available throughout all strategies that includes a current account with its budgeting and automatic cost savings advantages currency exchange
worldwide costs atm withdrawals fast and basic money transfers including expense splitting so you can easily ask for and send cash as well as stocks and crypto trading nevertheless the numerous plans will offer you higher benefits within each of these basics for example the more pricey to plan the more money you can withdraw from an atm without incurring a charge with the standard complimentary strategy depending which precedes you’re either limited to a total of 200 pounds or five