It is the fastest growing digital bank with the best series of features. Revolut Basic Card… A leading choice for those who travel frequently. In the UK it might not be able to totally replace your bank.
While at the time of composing it is not operating as a bank, it is slowly turning into one, having gotten an opposition bank license from the European Central Bank in December 2018. As a result, itself does not keep your money, it uses Barclays and Lloyds for that. In early 2021 it also looked for a UK banking license and a bank charter in the United States. Given that it is not yet a bank, it does not offer any deposit protection.
today we’re going to be examining with the objective to help you address concerns like need to you get a account and how will it benefit you and to do this we’ll be looking at how e ranked on our monito score and what resulted in us giving them an 8.6 this will assist us choose whether we can trust with our money as
Is Revolut Basic Card the world’s first global financial superapp?
well as get a clear image of their benefits and services their charges and currency exchange rate and also see how their clients rate established in 2015 is a private business with over 2 000 workers they’re an award-winning company and in 2020 won the uk tech awards for company of the year since december 2021 their accounts and cards are available to consumers residing in the uk us eu and eea countries australia singapore switzerland and japan sadly no canada or new zealand however new zealand is looking likely in the future if you visit their website they state they have a banking licence which was approved by the european central bank in poland and lithuania this enables them to offer banking services in a variety of european countries consisting of bulgaria croatia romania slovenia in addition to france italy and portugal and more however they’re yet to be granted a banking license in the uk the us or anywhere else they operate but even if they’re not a conventional bank and don’t have a banking license
in certain countries does not mean your money isn’t safe are really needed to protect your cash with larger financial institutions with a bank like lloyd’s or barclays so if were to go bust your cash would be safe and because of this and the fact they’re completely regulated by the fca in the uk and certified as a bank in particular european nations we scored an 8.9 for trust and trustworthiness with over 16 million customers currently trusting with their money we believe you can definitely trust them with yours has been very innovative when it comes to banking their mobile app unlike traditional banks is special perfectly designed and really stands out for its numerous functions and offerings when you at first register you’ll be asked to select a plan there are 4 readily available requirement which is complimentary plus premium and metal these are their rates in the uk but they might vary depending on where you’re located the basic offerings of are readily available across all plans that includes a bank account with its budgeting and automated cost savings advantages currency exchange
worldwide costs atm withdrawals quickly and easy cash transfers consisting of bill splitting so you can quickly send out and ask for cash in addition to stocks and crypto trading nevertheless the different plans will provide you greater advantages within each of these principles for example the more costly to prepare