A leading choice for those who travel frequently. In the UK it may not be able to totally replace your bank.
While at the time of writing it is not operating as a bank, it is gradually becoming one, having gotten an opposition 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 United States.
today we’re going to be reviewing with the goal to assist you respond to concerns like ought to you get a account and how will it benefit you and to do this we’ll be taking a look at how e ranked on our monito score and what led to us giving them an 8.6 this will help us decide whether we can trust with our money as
Is Revolut Russian Banking Licence the world’s first global financial superapp?
well as get a clear photo of their services and advantages their charges and exchange rates and also see how their consumers rate developed in 2015 is a personal company with over 2 000 employees they’re an acclaimed company and in 2020 won the uk tech awards for company of the year as of december 2021 their accounts and cards are available to consumers residing in the uk us eu and eea nations australia singapore switzerland and japan sadly no canada or new zealand nevertheless new zealand is looking likely in the future if you visit their website they say they have a banking licence which was granted by the european reserve bank in poland and lithuania this allows them to offer banking services in a number of european nations including bulgaria croatia romania slovenia as well as 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 but even if they’re not a standard bank and don’t have a banking license
in specific nations doesn’t indicate your cash isn’t safe are in fact required to safeguard your cash with larger financial institutions 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 completely controlled by the fca in the uk and licensed as a bank in specific european countries we scored an 8.9 for trust and reliability with over 16 million customers already trusting with their money we believe you can certainly trust them with yours has actually been really innovative when it pertains to banking their mobile app unlike conventional banks is special magnificently designed and actually stands out for its numerous functions and offerings when you initially sign up you’ll be asked to select a strategy there are 4 offered standard which is complimentary plus premium and metal these are their costs in the uk however they might vary depending upon where you’re located the fundamental offerings of are offered across all strategies that includes a current account with its budgeting and automated cost savings advantages currency exchange
global spending atm withdrawals quick and easy money transfers consisting of costs splitting so you can quickly ask for and send money in addition to stocks and crypto trading nevertheless the numerous strategies will provide you greater benefits within each of these principles for example the more costly to prepare the more money you can withdraw from an atm without sustaining a fee with the standard totally free plan depending which comes first you’re either limited to an overall of 200 pounds or five