It began in 2015 as a travel card that offers low-cost currency exchange rate. Salary Payment Revolut Uk… it is now a bank.
It is the fastest growing digital bank with the widest variety of functions. A top option for those who travel regularly. However, in the UK it might not be able to totally change your bank.
While at the time of composing it is not operating as a bank, it is slowly becoming one, having actually received an opposition 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 US.
today we’re going to be evaluating with the goal to assist you answer concerns like must 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 score and what led to us providing an 8.6 this will assist us choose whether we can trust with our cash as
Is Salary Payment Revolut Uk the world’s first global financial superapp?
well as get a clear picture of their benefits and services their costs and exchange rates and likewise see how their consumers rate established in 2015 is a personal 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 consumers living in the uk us eu and eea countries australia singapore switzerland and japan unfortunately no canada or new zealand nevertheless brand-new zealand is looking likely in the near future if you visit their site they say they have a banking licence which was granted by the european central bank in poland and lithuania this enables them to offer banking services in a number of european countries including bulgaria croatia romania slovenia as well as france italy and portugal and more however they’re yet to be given a banking license in the uk the us or anywhere else they run however even if they’re not a traditional bank and don’t have a banking license
in particular countries doesn’t indicate your money isn’t safe are in fact needed to safeguard your money with larger banks with a bank like lloyd’s or barclays so if were to go bust your cash would be safe and because of this and the fact they’re fully managed by the fca in the uk and licensed as a bank in particular european countries we scored an 8.9 for trust and credibility with over 16 million clients currently relying on with their money we think you can definitely trust them with yours has been really innovative when it concerns banking their mobile app unlike standard banks is distinct perfectly developed and really stands out for its various features and offerings when you initially sign up you’ll be asked to pick a plan there are four available standard which is complimentary plus premium and metal these are their rates in the uk however they may differ depending on where you’re located the basic offerings of are readily available throughout all plans that includes a current account with its budgeting and automated cost savings advantages currency exchange