It started in 2015 as a travel card that provides low-cost currency exchange rate. Order New Card Revolut… it is now a bank.
It is the fastest growing digital bank with the best variety of features. A top option for those who travel frequently. Nevertheless, in the UK it may not be able to completely change your bank.
While at the time of writing it is not operating as a bank, it is slowly turning into one, having gotten an opposition bank license from the European Reserve Bank in December 2018. As a result, itself does not save your cash, it uses Barclays and Lloyds for that. In early 2021 it also made an application for a UK banking license and a bank charter in the US. Given that it is not yet a bank, it does not use any deposit security.
today we’re going to be examining with the goal to assist you answer 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 rated on our monito rating and what led to us giving them an 8.6 this will assist us choose whether we can trust with our money as
Is Order New Card Revolut the world’s first global financial superapp?
well as get a clear image of their advantages and services their fees and currency exchange rate and likewise see how their clients rate established in 2015 is a personal company with over 2 000 workers they’re an award-winning company and in 2020 won the uk tech awards for company of the year as of december 2021 their accounts and cards are readily available to clients living in the uk us eu and eea nations australia singapore switzerland and japan sadly 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 reserve bank in poland and lithuania this enables them to provide banking services in a variety of european countries consisting of 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 but even if they’re not a conventional bank and don’t have a banking license
in specific countries doesn’t suggest your money isn’t safe are in fact required to safeguard 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 fully regulated by the fca in the uk and licensed as a bank in certain european countries we scored an 8.9 for trust and credibility with over 16 million customers currently trusting with their cash we believe you can absolutely trust them with yours has actually been extremely ingenious when it comes to banking their mobile app unlike standard banks is distinct beautifully designed and truly stands out for its various features and offerings when you initially register you’ll be asked to pick a plan there are 4 available standard which is complimentary plus premium and metal these are their prices in the uk but they might vary depending on where you’re located the essential offerings of are offered across all plans which includes a current account with its budgeting and automated savings benefits currency exchange