A leading option for those who travel often. In the UK it might not be able to fully replace your bank.
While at the time of composing it is not running as a bank, it is slowly turning into one, having actually received a challenger bank license from the European Central Bank in December 2018. As a result, itself doesn’t store your cash, it uses Barclays and Lloyds for that. In early 2021 it also requested a UK banking license and a bank charter in the US. Since it is not yet a bank, it does not use any deposit security.
today we’re going to be reviewing with the objective to help you respond to questions like must 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 providing an 8.6 this will assist us decide whether we can trust with our cash as
Is Revolut Uk Bank Account Details the world’s first global financial superapp?
well as get a clear photo of their advantages and services their charges and currency exchange rate and also see how their customers rate developed in 2015 is a private business with over 2 000 staff members they’re an award-winning business and in 2020 won the uk tech awards for company of the year as of december 2021 their accounts and cards are offered to consumers living in the uk us eu and eea nations australia singapore switzerland and japan regrettably no canada or brand-new zealand nevertheless new zealand is looking likely in the near future if you visit their website they say they have a banking licence which was given by the european reserve bank in poland and lithuania this enables them to provide banking services in a number of european nations consisting of bulgaria croatia romania slovenia along with france italy and portugal and more however they’re yet to be approved a banking license in the uk the us or anywhere else they run but just because they’re not a conventional bank and do not have a banking license
in particular countries doesn’t mean your cash isn’t safe are really required to protect your money 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 completely regulated by the fca in the uk and accredited as a bank in certain european nations we scored an 8.9 for trust and trustworthiness with over 16 million customers already trusting with their money we think you can definitely trust them with yours has actually been really innovative when it pertains to banking their mobile app unlike traditional banks is unique perfectly designed and really stands apart for its different functions and offerings when you at first sign up you’ll be asked to pick a plan there are 4 available standard 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 essential offerings of are readily available across all strategies that includes a bank account with its budgeting and automatic cost savings benefits currency exchange
international spending atm withdrawals quick and simple cash transfers consisting of costs splitting so you can easily send out and request cash in addition to stocks and crypto trading however the different plans will offer you higher benefits within each of these principles for instance the more expensive to plan the more cash you can withdraw from an atm without incurring a cost with the standard free strategy depending which precedes you’re either limited to an overall of 200 pounds or 5