What is Revolut?
Revolut is a global financial technology company offering digital banking services via its mobile app and web platform. Founded in 2015, Revolut provides multi-currency accounts, international money transfers, and debit cards usable worldwide. Users can hold, exchange, and spend money in various currencies (including USD, EUR, and GBP) at interbank rates. Revolut also offers features like budgeting tools, crypto support, and instant notifications. The platform targets both personal and business customers and operates under a regulated framework in multiple regions. Revolut's approach aims to streamline cross-border payments, lower traditional banking fees, and make financial management simple and accessible globally.
How to use Revolut?
- Download the Revolut app or access the website.
- Sign up with your personal details and verify your identity.
- Add funds to your Revolut account via bank transfer or linked card.
- Order a physical or virtual debit card if needed.
- Use the app to send, receive, or exchange money.
- Spend worldwide with your card or transfer money internationally.
The pro's of using Revolut
- Multi-currency accounts with competitive exchange rates.
- Fast, low-fee international transfers.
- Instant spending notifications and budgeting tools.
- Supports cryptocurrencies and commodities trading.
- Broad global usability with physical and virtual cards.
The con's of using Revolut
- Free account has limited monthly free ATM withdrawals.
- Some advanced features require paid subscription plans.
- Customer support can be slow during high-demand periods.
- Not available in every country; geographic restrictions apply.