It is the fastest growing digital bank with the widest variety of features. Save Account Revolut… A leading option for those who travel frequently. Nevertheless, in the UK it might not be able to fully replace your bank.
While at the time of composing it is not running as a bank, it is slowly ending up being one, having actually received a challenger bank license from the European Central Bank in December 2018. In early 2021 it also applied for a UK banking license and a bank charter in the United States.
today we’re going to be examining with the goal to assist you answer questions like should you get a account and how will it benefit you and to do this we’ll be taking a look at how e rated on our monito score and what led to us giving them an 8.6 this will assist us decide whether we can rely on with our cash as
Is Save Account Revolut the world’s first global financial superapp?
well as get a clear picture of their benefits and services their fees and currency exchange rate and also see how their clients rate developed in 2015 is a personal company with over 2 000 workers they’re an acclaimed company and in 2020 won the uk tech awards for company of the year as of december 2021 their accounts and cards are available to customers living in the uk us eu and eea countries australia singapore switzerland and japan regrettably no canada or brand-new zealand however brand-new zealand is looking likely in the future if you visit their site they state they have a banking licence which was granted by the european central bank in poland and lithuania this allows them to offer banking services in a variety of european nations including bulgaria croatia romania slovenia in addition to france italy and portugal and more nevertheless they’re yet to be granted a banking license in the uk the us or anywhere else they run however just because they’re not a conventional bank and do not have a banking license
in specific countries does not suggest your money isn’t safe are really needed to secure your cash with larger banks with a bank like lloyd’s or barclays so if were to fail your cash would be safe and because of this and the reality they’re fully regulated by the fca in the uk and accredited as a bank in certain european nations we scored an 8.9 for trust and credibility with over 16 million clients currently trusting with their cash we believe you can definitely trust them with yours has been very ingenious when it comes to banking their mobile app unlike traditional banks is special magnificently developed and really stands out for its different features and offerings when you at first register you’ll be asked to choose a strategy there are 4 available requirement which is complimentary plus premium and metal these are their costs in the uk but they might vary depending on where you’re located the basic offerings of are available across all strategies that includes a current account with its budgeting and automated cost savings benefits currency exchange
worldwide costs atm withdrawals quick and easy cash transfers consisting of bill splitting so you can easily send out and request money along with stocks and crypto trading however the various plans will offer you greater benefits within each of these fundamentals for example the more expensive to prepare