It began in 2015 as a travel card that provides inexpensive exchange rates. Create Revolut Card… it is now a bank.
It is the fastest growing digital bank with the largest series of features. A leading option for those who travel often. 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 becoming one, having actually received a challenger bank license from the European Central Bank in December 2018. In early 2021 it likewise applied 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 respond to concerns like need to you get a account and how will it benefit you and to do this we’ll be taking a look at how e ranked on our monito rating and what resulted in us giving them an 8.6 this will help us decide whether we can rely on with our cash as
Is Create Revolut Card the world’s first global financial superapp?
well as get a clear photo of their advantages and services their fees and currency exchange rate and likewise see how their clients rate established in 2015 is a personal business with over 2 000 employees 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 offered to customers living in the uk us eu and eea nations australia singapore switzerland and japan sadly no canada or new zealand nevertheless brand-new zealand is looking likely in the near future if you visit their website they say they have a banking licence which was given by the european central bank in poland and lithuania this enables them to use banking services in a number of european countries including bulgaria croatia romania slovenia as well as france italy and portugal and more nevertheless 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 traditional bank and do not have a banking license
in specific countries doesn’t indicate your money isn’t safe are in fact required to secure your cash with larger 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 reality they’re totally controlled by the fca in the uk and licensed as a bank in certain european nations we scored an 8.9 for trust and credibility with over 16 million customers currently relying on with their money we believe you can absolutely trust them with yours has actually been really ingenious when it comes to banking their mobile app unlike standard banks is special perfectly designed and truly stands out for its numerous features and offerings when you at first register you’ll be asked to select a strategy there are 4 offered requirement which is free plus premium and metal these are their costs in the uk however they might differ depending on where you lie the basic offerings of are offered across all plans which includes a current account with its budgeting and automated savings benefits currency exchange