It is the fastest growing digital bank with the widest series of functions. Revolut Sharted Account… A leading choice for those who travel frequently. However, in the UK it might not be able to completely replace your bank.
While at the time of writing it is not operating as a bank, it is slowly ending up being one, having gotten a challenger bank license from the European Central Bank in December 2018. In early 2021 it likewise used for a UK banking license and a bank charter in the US.
today we’re going to be examining with the goal to help you address concerns like should 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 score and what led to us giving them an 8.6 this will assist us choose whether we can trust with our money as
Is Revolut Sharted Account 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 likewise see how their customers rate established in 2015 is a personal company with over 2 000 staff members they’re an acclaimed business and in 2020 won the uk tech awards for business of the year as of december 2021 their accounts and cards are offered to consumers residing in the uk us eu and eea nations australia singapore switzerland and japan sadly no canada or new zealand nevertheless new zealand is looking likely in the near future if you visit their website they state they have a banking licence which was granted by the european reserve bank in poland and lithuania this enables them to use 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 even if they’re not a conventional bank and don’t have a banking license
in specific countries doesn’t indicate your cash isn’t safe are really required to safeguard your cash with bigger banks with a bank like lloyd’s or barclays so if were to fold your money would be safe and because of this and the fact they’re totally regulated by the fca in the uk and accredited as a bank in certain european countries we scored an 8.9 for trust and reliability with over 16 million consumers already relying on with their cash we think you can certainly trust them with yours has actually been extremely innovative when it concerns banking their mobile app unlike standard banks is distinct perfectly developed and truly stands apart for its numerous functions and offerings when you initially sign up you’ll be asked to choose a strategy there are four offered requirement which is free plus premium and metal these are their costs in the uk however they might vary depending on where you’re located the basic offerings of are offered throughout all strategies that includes a current account with its budgeting and automatic cost savings advantages currency exchange
international spending atm withdrawals fast and simple cash transfers consisting of costs splitting so you can easily send out and ask for money along with stocks and crypto trading however the different strategies will provide you higher advantages within each of these basics for example the more costly to prepare