Revolut is an electronic bank account, that you manage through an app. You are able to deposit money, spend money, send money and do investments. It can also get you travel deals. But is it any good?
You might be a frequent traveller and thinking about getting a Revolut account, or you might frequently send money abroad. We take a look at what they have to offer, to help you decide.
Revolut offers a Personal Account, Business Account and Junior Account, as well as additional products.
Content
- Personal Account
- Joint Accounts
- Personal Account Features
- Business Account
- Business Account Features
- Junior Account
- Send and Receive Money
- Saving Vault
- Free Tampons
- Travel Savings and Protection
- How Does Revolut Protect Your Money
- Conclusion
Personal Account
With a Revolut Personal Account, you can manage your banking needs including depositing your salary, set up scheduled payments, making payments for shopping at stores and buying online.
Types of Personal Accounts
- Standard – Free.
- Plus – £2.99 per month.
- Premium – £6.99 per month.
- Metal – £12.99 per month.
- Multi-Currency Account.
Personal Account Features
Features include: (features depends on Type of Personal Account)
- You can open a free account in minutes.
- No credit checks.
- Make payments and receive payments in over over 30 currencies.
- Split and settle payments with anybody else for bills, even if they are not on Revolut.
- Early salary – get paid a day early.
- Get Revolut Card or Metal Card.
- Tampons – Get free monthly period products with Metal Account.
- Purchase protection.
- Save and get interests of up to 0.7% daily.
- Connect all your accounts from different banks to Revolut.
- Apple Pay and Google Pay.
- Pockets – separate money for bill payments.
- Budgeting – set limits for spending.
Get a Revolut Personal Account, here: Revolute Personal Account.
Business Account
If you want to open a quick, hassle free business account, you can do that with Revolut Business.
Types of Business Accounts
- Free – Free.
- Grow – £25 per month.
- Scale – £100 per month.
- Custom – Get in touch with Revolut for price.
Business Account Features
Features include: (features depends on Type of Business Account)
- Metal Card.
- Free international payments.
- Free local payments.
- Split and settle payments with anybody else for bills, even if they are not on Revolut.
- FX (at the interbank rate).
- Priority 24/7 support.
Get Revolut Business Account, here: Revolut Business Account.
Junior Account
Revolut also does an account for juniors. get more information, here: Revolute Junior Account.
Send and Receive Money
With Revolut, you can send and receive money worldwide with their Multi-Currency Account. You can send and receive money in over 30 different currencies. And, they do not charge you any hidden fees.
If you send money abroad or get paid from abroad, you don’t have to go to another company to do this. You can do it all from Revolut.
You can also send money instantly for free to people who have Revolut accounts.
Get a Multi-Currency Account, here: Revolut Multi-Currency Account.
Saving Vault
With the Revolut Saving Vault, you can get up 0.65% annual interest paid to you, daily.
Interest paid on your savings is only available on the paid plans, staring at £2.99 per month. With the Saving Vault, you can put away your money but also get instance access to it.
Deposits that are in your Saving Vaults are stored with partner banks, so it is FSCS protected. This means, it is protected up to £80, 000 from the UK government.
Free Tampons
With the Revolut Metal Account, you can get free period products each month. Revolut has partnered with Yoppie, to provide you with free period products. If you want, you can get the products for free and give them to somebody else who needs them.
Get more information, here: Metal Card Account.
Make Investments
There are a number of ways you can invest with Revolut. You can buy stocks and shares and deal in Crypto Currencies.
Stocks and shares
If you want to invest in global stocks and commodities, you can get started from just £1.
You can buy shares in over 800 global companies. You will be able to get real time updates, so you can see how your shares are performing (shares can go up and down).
Crypto Currencies
With Revolut, you can buy and sell Crypto currencies. You can invest in popular Crypto currencies like Bitcoin and Ethereum at a click, starting from just £1.
You will get notifications so you can look out for your desired prices. In addition, you can also send Crypto currencies to people with Revolut Accounts.
Your Crypto Currencies are not protected by the FCA.
Travel Savings and Protection
Revolute Premium customers can transfer, spend or exchange unlimited amounts of money globally. They offer greater exchange rates, with no added fees.
You can also explore and book accommodations, worldwide at discounted rates and get cashback.
You can also book your travel insurance through Revolut.
How does Revolut secure your money
Revolut is not FSCS protedted. The FSCS protects your money for up to £85, 000, from banking institutions that have failed. Revolut is not a bank so is not FSCS protected.
Revolut is an e-account that holds your money. They partner with institutions that do have FSCS protection.
Get more information, on how Revolut protects your money here: How Revolut Protects Your Money.
Conclusion
The Revolut e-account gives you a variety of accounts and products to help you manage your money.
It is easy to open and requires no credit check. In addition, if you send or receive money from abroad, or like to invest in shares, Revolut has it all.
It is not a bank account, but, you can still do your financial transactions.
In Trustpilot, Revolut is awared 4.4 Stars out of 5 Stars by their customers. This is graded as ‘Excellent‘.
Is Revolut any good?
If you are looking for an alternative bank account or a challenger bank, then Revolut could be a good choice.
Get a Revolut account, here: Revolut Accounts Website.
Additional Information
If you are interested, check out: Best Bank Accounts for Bad Credit.
If you are looking for the best SIM only deal, read out article: Best SIM Only Deals UK – best SIM only plans available
If you are looking for home insurance, read our article: Home Insurance – Compare Cheap Quotes.
If you are looking for a web domain, check out Google Domain, here: Google Domain.
If you are looking for advertise on the web, check out Google Ads, here: Google Ads.
Money Advice Service
For debt management and advice on how to pay for bills go here: Money Advice Service info page.
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