By Admin, Published on February 18, 2021
Managing an account industry as we know it nowadays is changing at a quick pace. The days of strolling into your neighborhood department to open an account with incalculable reports are a thing of the past. Include within the likes of cashing a cheque, paper explanations, phone back, or physically exchanging reserves – and you get the float.
The challenger keeping money application permits you to perform the tremendous larger part of your regular managing an account needs at the tap of a button. Whether it's opening an account in minutes, sending and getting installments, exchange checking, or trading monetary forms – Revolut permits you to do this through a straightforward portable app. However, with the challenger managing an account field still in its earliest stages, can the likes of Revolut be trusted? With that being said, in case you’re considering almost opening an account with Revolut, we would propose that you simply first read our comprehensive review. We’ve secured everything simply got to know to be able to create an educated choice – such as how the app works, what you'll be able to do, expenses, qualification, security, and more.
What is Revolut?
In its most basic form, Revolut could be a portable application that permits you to function in a current account. Established as of late as 2015 by two Russian engineers – Nikolay Storonsky and Vlad Yatsenko, the stage is presently domestic to more than 4.5 million users. Of this figure, around 1.6 million clients are arranged within the UK, with the tremendous leftover portion found over mainland Europe. In case these figures weren’t amazing enough for a company that claims to be opening 7,000 modern accounts each day, Revolut is additionally encouraging near to $3 billion in the month to month exchange volumes.
Revolut Premium - £6.99/Month
- 1. No ATM fees up to the first £400 per month (usually £200)
- 2. Always remain on the lowest capped foreign exchange pricing plan
- 3. Travel insurance, which includes delayed flight and baggage claims
- 4. Priority customer service
- 5. Ability to buy and sell cryptocurrencies (CFDs)
- 6. Exclusive card design
- 7. One-time virtual cards
- 8. Airport lounge pass access
Revolut Metal - £12.99/Month
- 1. No ATM fees up to the first £600 per month
- 2. Cashback on all debit card payments (0.1% in Europe, 1% outside of Europe)
- 3. Revolut Concierge
Opening an Account
Step 1: Download and install the app
Step 2: Enter your personal information
Step 3: Choose a PIN number
Step 4: Verify your identity
Step 5: Deposit funds
Step 6: Select your plan
Step 7: Pay for your card delivery fee.