Trusted by over 35 million users worldwide, this app merges traditional banking with cutting-edge fintech, allowing you to spend, save, and invest seamlessly across 150+ currencies.
Features of Revolut
- Multi-Currency Accounts: Hold and exchange 28+ currencies at interbank rates, perfect for travelers or international transactions.
- Fee-Free ATM Withdrawals: Access cash worldwide from 55,000+ ATMs without hidden charges (limits apply).
- Stock Trading & Cryptocurrency: Invest in 1,000+ stocks and 30+ cryptocurrencies with fractional shares starting at $1.
- Savings Vaults: Earn competitive interest rates (up to 4.25% APY) through customizable savings goals and round-up features.
- Enhanced Security: Freeze/unfreeze cards instantly, use disposable virtual cards, and enable location-based security.
Advantages of Revolut
Global Accessibility: Spend like a local in 150+ countries with real-time currency conversion.
Cost-Efficient: Avoid foreign transaction fees and enjoy mid-market exchange rates.
Flexible Subscriptions: Premium tiers (Plus, Premium, Metal) unlock travel insurance, airport lounge access, and cashback.
Family-Friendly: Set up <18 accounts with parental controls to teach financial literacy.
Disadvantages of Revolut
- Limited phone support; reliance on in-app chat may delay urgent issues.
- Occasional account freezes during security checks without prior notice.
- Premium features require recurring fees, making the free plan less robust.
Development Team of Revolut
Founded in 2015 by ex-finance professionals Nikolay Storonsky and Vlad Yatsenko, Revolut is headquartered in London. Backed by investors like SoftBank and Tiger Global, the startup has grown into a $33 billion fintech disruptor with a focus on AI-driven financial solutions.
Competitive Products
Wise (TransferWise): Better for low-cost international transfers but lacks Revolut’s banking features.
N26: Sleek design and fee-free EU banking, but limited multi-currency support.
Monzo: UK-centric budgeting tools, but no stock trading or cryptocurrency options.
Market Performance
Rated 4.7/5 on Apple Store and 4.3/5 on Google Play, Revolut boasts 30+ million downloads. Users praise its intuitive interface but criticize delayed customer service during technical outages.
Version Information
Recent updates include biometric authentication enhancements, Apple Pay integration for vaults, and simplified stock portfolio analytics.
