It began in 2015 as a travel card that provides inexpensive currency exchange rate. Revolut Money Card Uk… it is now a bank.
It is the fastest growing digital bank with the widest series of functions. A top choice for those who travel regularly. In the UK it may not be able to totally change your bank.
While at the time of composing it is not operating as a bank, it is slowly ending up being one, having 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 reviewing with the goal to help you answer questions 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 providing an 8.6 this will assist us choose whether we can rely on with our cash as
Is Revolut Money Card Uk the world’s first global financial superapp?
well as get a clear photo of their benefits and services their costs and exchange rates and likewise see how their consumers rate developed in 2015 is a private business with over 2 000 employees they’re an acclaimed company and in 2020 won the uk tech awards for business of the year since december 2021 their accounts and cards are offered to clients living in the uk us eu and eea nations australia singapore switzerland and japan unfortunately no canada or brand-new zealand however brand-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 offer banking services in a number of european nations including bulgaria croatia romania slovenia along with 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 just because they’re not a standard 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 larger financial institutions 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 completely controlled by the fca in the uk and accredited as a bank in specific european nations we scored an 8.9 for trust and credibility with over 16 million customers already relying on with their money we think you can absolutely trust them with yours has been really innovative when it comes to banking their mobile app unlike conventional banks is distinct perfectly designed and actually stands out for its different features and offerings when you at first register you’ll be asked to choose a plan there are 4 available standard which is free plus premium and metal these are their costs in the uk however they might vary depending upon where you’re located the basic offerings of are available throughout all plans that includes a bank account with its budgeting and automated savings benefits currency exchange