A Comprehensive Guide to Buying Revolut

Your Guide to buying the best Revolut

Overview

Revolut is a digital banking and payments platform that enables customers to manage their money in a secure and efficient manner. This buying guide will provide a comprehensive overview of Revolut's features and services, as well as an in-depth look at the costs associated with setting up and using a Revolut account. It will also provide helpful tips on how to make the most out of the Revolut platform, so that customers can make informed decisions when considering their digital banking and payments options.

Key features

  1. Features - Revolut offers a range of features which could be useful for different uses. These include: multicurrency accounts, budgeting and financial tracking tools, international money transfers, contactless debit cards, business accounts, cryptocurrency exchange, investment accounts and travel insurance.
  2. Costs - Revolut offers a range of pricing plans to meet different needs. These include a free plan, as well as paid plans which offer features such as higher limits, higher transaction speeds, additional currencies and more.
  3. Security - Revolut offers a secure platform for customers to manage their finances. This includes two-factor authentication, fraud prevention, data encryption and a secure online payments system.
  4. Customer Service - Revolut offers a range of customer service options, including phone, email and live chat. Customers can also connect with Revolut on social media and access help resources.
  5. Compatibility - Revolut is compatible with a range of devices and platforms, including iOS, Android, Mac, Windows, and web.

See the most popular Revolut on Amazon

Important considerations

Pros

  • No Foreign Transaction Fees - Revolut does not charge customers any foreign transaction fees, meaning they get the real exchange rate when they travel.
  • Free ATM Withdrawals - Revolut offers free ATM withdrawals with no fees, up to a certain amount each month.
  • Free International Payments - Revolut allows customers to make free international payments in over 25 currencies.
  • Secure Transactions - Revolut is a secure payment platform, using the latest encryption technology to protect customers from fraud.
  • Low Monthly Fees - Revolut has low monthly fees for customers who want to upgrade their plan for more features and services.
  • Robust Customer Support - Revolut has a robust customer support team available 24/7 to help customers with any questions or issues.
  • Variety of Payment Options - Revolut offers customers a variety of payment options, including direct debit, credit/debit cards, and Apple Pay.

Cons

  • Monthly subscription fees: Revolut requires a monthly subscription fee, ranging from €0.83 to €7.99 a month depending on the type of account that you select. This could be a disadvantage for those who are looking to keep their costs low.
  • Limited ways to spend: Revolut does not accept all types of payment methods, like cash or checks. This could be an inconvenience for those who prefer to use these payment methods.
  • No physical card: Revolut does not offer a physical credit or debit card. This could be a disadvantage for those who prefer and are used to using physical cards.
  • Lack of customer service: Revolut does not have a traditional customer service team. This could be a disadvantage if you need help or have questions about your account.
  • Exchange rate fees: Revolut charges a fee for currency exchange, which could be a disadvantage for those who need to make frequent currency exchange.
  • International money transfers: Revolut does not offer international money transfers. This could be a disadvantage if you need to transfer money to another country.

Best alternatives

    Monzo - UK-based focused digital bank with no monthly fees Starling Bank - UK-based digital bank that offers a high-interest savings account TransferWise - Money transfer service with low fees and competitive exchange rates N26 - German digital bank with no monthly fees PayPal - Online payment service with low fees Monese - UK-based digital bank with no monthly fees Curve - UK-based digital banking with access to multiple banks

Related tools, supplies, and accessories

  • Revolut Card - a prepaid payment card that can be used to spend and receive money in multiple currencies
  • Revolut App - a mobile application for Android and iOS that makes managing finances easy and secure
  • Revolut Website - an online platform for managing finances, making payments, and exploring new financial products
  • Revolut Metal Card - a stylish metal card with all the benefits of the standard Revolut Card
  • Revolut Business Account - a dedicated business account with all the features of Revolut plus additional features for businesses
  • Revolut Junior Account - an account designed for children that can be managed by up to 6 guardians
  • Revolut Travel Insurance - an insurance plan that covers you in case of unexpected medical expenses and other travel-related incidents
  • Revolut Crypto - a feature that allows you to buy, sell, store, and exchange cryptocurrencies securely
  • Revolut Premium - a premium membership with additional features such as travel insurance, free international transfers, and exclusive discounts
  • Revolut Virtual Cards- disposable virtual cards that are easy to set up and use for online payments

Common questions

  1. What is Revolut? Revolut is a digital banking app and prepaid card that provides users with access to a range of banking services including money transfer, currency exchange, and budgeting tools.
  2. How do I set up a Revolut account? Setting up a Revolut account is simple and fast. All you need to do is download the app and register with your email address and phone number, then add your personal details and your financial information.
  3. What features does Revolut offer? Revolut offers a range of features, from currency exchange, money transfer, budgeting tools, and even access to insurance.
  4. How much does Revolut cost? Revolut offers a range of pricing plans, from free to premium. The free plan includes access to basic features, while the premium plans offer access to additional features.
  5. How secure is Revolut? Revolut uses strong encryption and other security measures to protect users’ information. All payments are secured by 3D Secure and all data is stored securely.

Trivia

In 2019, Revolut launched a hilarious marketing campaign in the UK, in which they placed life-sized cardboard cutouts of their mascot, Marty the Moose, in shopping centres and train stations around the country. The cutouts were complete with festive antlers and scarves, and were accompanied by signs that encouraged people to 'YouToot' in order to win gift cards. The campaign was a huge success, with social media posts and videos of people interacting with Marty going viral, and it won Revolut the 2019 British Marketing Award for Best Brand Activation. Source

Disclaimer: This buying guide was not created by humans, and it is possible that some of it's content is inaccurate or incomplete. We do not guarantee or take any liability for the accuracy of this buying guide. Additionally, the images on this page were generated by AI and may not accurately represent the product that is being discussed. We have tried to convey useful information, but it is our subjective opinion and should not be taken as complete or factual.