Revolut Review

Introduction

Revolut is a UK-based fintech company offering financial services, offering a range of features, including multi-currency account allowing you to hold money in various currencies, savings, inverstment features and more, seeking modern and efficient financial solutions.

Debit Card

Languages

• EN
• FR
• DE
• IT
• ES
• +15

Plans

• No monthly fee
• Plans from £3.99/m

Rating

Opening a Revolut account is relatively simple. Once you have downloaded the app, verify your identity and proof of residence, add funds to your account via bank transfer or card, and then order your new Revolut card (delivery fees may apply).

Features

Analytics

Set and manage your budget and sub-budgets. Budgeting controls: once you set up a budget, Revolut will automatically track progress in real-time, making sure you do not exceed your spending targets. Divide your monthly budget over specific categories and let Revolut alert you when you’re close to reaching the budget limit.

Cards

Order a Revolut card to fully benefit from all of its features (delivery fees may apply). Depending on your account, you can order different cards with which you can pay online or in-store.

Location-based security

Automatically block payments made from any other location than yours.

Vaults

An easy and fast way to work towards your financial goals. Set up in seconds, name it, attach a saving goals and turn on the spare change feature for starters. Round up payments to the closest whole amount and store the difference. Set up a recurring payment straight into your Vault.

Multi-currency account

Hold and send money in 35+ currencies with real-time foreign exchange to 150+ currencies.

Accounts

You create a default account when you register, based on the currency used in your location. You can create up to 24 different accounts for different currencies with the default account included.

Payments

Pay, share bills with your contacts, transfer money.

• Split bills with any of your contacts.
• Transfer money globally with low fees.
• Schedule recurring payments.
• Payment links for sending or requesting payments.

Freeze/Unfreeze your card

In case of a lost card, freeze it in the app. Unfreeze it again when you find it, or report it as lost and get a new one.

Security settings:

Easily adjust what your card can do from the app, i.e. contactless and swipe payments, ATM withdrawals, online transactions, etc.

Spend abroad:

Spend abroad in over 150 currencies.

Withdraw money:

€/£200 (amount depends on a plan) in international ATM withdrawals with no withdrawal fee from Revolut.

Revolut PRO

Revolut Pro is tailored for freelancers, contractors, side-hustlers, sole traders, and more. It offers a suite of simple and convenient tools designed to streamline financial management and empower individuals in various self-employed professions. These tools are available to you for free within your Revolut app!

• Earn up to 1.2% cashback depending on the plan.
• Accept quick payments via QR codes, payment links and card reader
• Send customisable invoices

Revolut Account Types

As a Revolut user, you can choose from three different personal account types and another four business account types to choose from.

Personal account types

Standard

Price per month

£0

Free Euro IBAN account

Spend in 150+ currencies

Currency exchange amount with no additional fees, Mon-Fri

up to £1,000/mo

Card Spending (foreign)

Google Pay / Apple Pay

Virtual debit card

International ATM withdrawals with no withdrawal fee from Revolut

£200/mo or 5X

24/7 customer support

Discounted international transfers

Cashback on card payments

Cashback on Stays bookings

Up to 3%

Baggage loss, damage or delay

Plus

Price per month

£3.99/mo

Free Euro IBAN account

Spend in 150+ currencies

Currency exchange amount with no additional fees, Mon-Fri

up to £1,000 p/mo

Card Spending (foreign)

Google Pay / Apple Pay

Virtual debit card

International ATM withdrawals with no withdrawal fee from Revolut

£200/mo

24/7 customer support

Discounted international transfers

Cashback on card payments

Cashback on Stays bookings

Up to 3%

Flight insurance

Baggage loss, damage or delay

Premium

Price per month

£7.99/mo

Free Euro IBAN account

Spend in 150+ currencies

Currency exchange amount with no additional fees, Mon-Fri

No monthly limit

Card Spending (foreign)

Google Pay / Apple Pay

Virtual debit card

International ATM withdrawals with no withdrawal fee from Revolut

£400/mo

24/7 customer support

Discounted international transfers

20%

Cashback on card payments

Cashback on Stays bookings

Up to 5%

Flight insurance

£5,000/y

Baggage loss, damage or delay

£1000/y

Metal

Price per month

£14.99/mo

Free Euro IBAN account

Spend in 150+ currencies

Currency exchange amount with no additional fees, Mon-Fri

No monthly limit

Card Spending (foreign)

Google Pay / Apple Pay

Virtual debit card

International ATM withdrawals with no withdrawal fee from Revolut

£800/mo

24/7 customer support

Discounted international transfers

40%

Cashback on card payments

Cashback on Stays bookings

Up to 10%

Flight insurance

£5,000/y

Baggage loss, damage or delay

£1000/y

Business account types

To learn more about Revolut business accounts, read our full Revolut Business Review.

Security

Revolut’s policies and procedures are designed to protect users’ confidentiality as well as the security of their information, including their non-public personal information. Personal information is stored using third-party servers located in secure data centers protected by firewalls and a ‘restricted access’ policy, in compliance with applicable regulations. All data passed between Revolut’s mobile apps, its servers, and third parties are 2048-bit SSL encrypted.

On top of that, Revolut employs several security settings that can be applied to each of your Revolut cards. Change these at will in the app’s ‘Cards’ section.

• Location-based security: when activated in the app, your phone’s GPS location is used to determine if your card has been compromised and to prevent fraudulent transactions. In suspicious circumstances transactions will be blocked.
• Magstripe Payments: magstripe card payments are generally considered unsafe. Disable this type of payment to help prevent your card from being cloned or used fraudulently. Chip and PIN methods, when available, are strongly preferred.
• Contactless Payments: disable contactless payments in case you’re not paying via contactless methods.
• ATM Withdrawals: disable ATM withdrawals to prevent transactions being carried out at an ATM terminal.
• E-commerce transactions: disable e-commerce transactions to prevent any payments being completed online.

Using the Revolut app abroad

Revolut aims to make traveling abroad as pleasant as possible for its users. For users traveling abroad, Revolut offers:

• Spend in 150+ currencies.
• £200 a month in international ATM withdrawals with no withdrawal fee charged by Revolut, with the Standard plan which has no monthly account fee.

Revolut Support

The Revolut Support Center consists of two main parts: Community and the Help Center. The Help Center is a searchable knowledge base that covers all aspects of Revolut’s service, with an obvious special focus on the app, categorized into different sections, each covering a specific aspect of the service.

The community is a Q&A forum that has a number of conveniently chosen subcategories that make it easy to navigate, with additional options to check the latest posts, or the most popular ones. Getting information from other users can be of great help to someone just getting started. In any case, these two support pillars offer a lot of tips, tricks and general knowledge about Revolut’s service and the app.

If you are still left with questions after checking the Support Center and the Community forum, you still have the option to contact Revolut’s customer service. You can call them, but the In-App chat option is much preferred over the automated phone line. The chat is available 24/7, but since Premium users are entitled to priority support, waiting times could be longer than expected for standard users.

1/

4.5/5

By Fabio

Let’s revolutionize the banking word…together, with REVOLUT! I am honestly having a GREAT experience using REVOLUT! I think it is really revolutionary…I can move money, exchange money or pay move without worrying about when Is the best moment to exchange, or what are the fees that I am going to pay and so on! I would really suggest EVERYONE should use it!

4/5

By Abhishek M

The app works great. Have used it successfully for international transfers. The customer care is also available on chat and is responsive. Keep up the good work ! The only con with revolut is that the revolut website does not have all the features available in the app. Edit: Reduced one star for 3DS failure. Everything except revolut works fine with 3DS.

5/5

By PSayta

We have been using Revolut for nearly a year now and it has made travelling hassle free, cheaper and simpler. While travelling abroad, we no longer have to pay exorbitant exchange rates and make a trip to the exchange bureau. We simply top up our revolut account at really favourable currency exchange rates and then track our spending on the Revolut app.

Conclusion

Revolut offers a very solid app with a wide variety of great features. It is easy to use and works in a very intuitive way. You can hold different currencies and spend like a local abroad. Revolut values security and, besides encrypting data streams with state-of-the-art encryption, offers a very useful set of security features users can benefit from to keep their Revolut account safe and secure. Revolut is a great alternative to traditional financial solutions, with relatively low fees for basic accounts and even lower fees for premium accounts.