It is the fastest growing digital bank with the widest range of functions. What Can I Use Revolut For… A leading choice for those who take a trip regularly. In the UK it might not be able to totally replace your bank.
While at the time of writing it is not operating as a bank, it is slowly becoming one, having actually gotten a challenger bank license from the European Reserve Bank in December 2018. As a result, itself doesn’t store your cash, it uses Barclays and Lloyds for that. In early 2021 it also requested a UK banking license and a bank charter in the United States. Considering that it is not yet a bank, it does not provide any deposit protection.
today we’re going to be reviewing with the goal to help you answer questions like ought 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 rating and what led to us giving them an 8.6 this will help us decide whether we can rely on with our money as
Is What Can I Use Revolut For the world’s first global financial superapp?
well as get a clear picture of their benefits and services their charges and exchange rates and also see how their consumers rate established in 2015 is a private business with over 2 000 employees 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 countries australia singapore switzerland and japan sadly no canada or brand-new zealand nevertheless 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 permits them to use banking services in a variety of european countries 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 operate but just because they’re not a standard bank and don’t have a banking license
in specific nations doesn’t imply your money isn’t safe are in fact needed to protect your cash with bigger banks with a bank like lloyd’s or barclays so if were to go bust your money would be safe and because of this and the fact they’re totally managed by the fca in the uk and accredited as a bank in particular european countries we scored an 8.9 for trust and reliability with over 16 million clients already trusting with their money we think you can absolutely trust them with yours has actually been extremely ingenious when it concerns banking their mobile app unlike conventional banks is distinct wonderfully designed and actually sticks out for its numerous features and offerings when you initially sign up you’ll be asked to select a plan there are 4 offered requirement which is free plus premium and metal these are their prices in the uk but they might vary depending upon where you lie the fundamental offerings of are offered throughout all strategies that includes a bank account with its budgeting and automated cost savings benefits currency exchange
international spending atm withdrawals quick and simple money transfers consisting of expense splitting so you can easily ask for and send cash along with stocks and crypto trading however the different plans will provide you higher benefits within each of these fundamentals for example the more pricey to prepare