Revolut Review – What You Need to Know
If you’re planning to make a money transfer, you might want to check out Revolut. The app has over 30 currencies available and calculates exchange rates using the Interbank Exchange Rat. You can also track your bills and divide them. Their bill tracker feature allows you to calculate how much money is owed.
What is Revolut?
Revolut, a financial technology company located in London, United Kingdom is called. It offers banking services to customers through mobile apps. It was founded by Nikolay Storonsky and Vlad Yatsenko in 2015. Their goal is to simplify banking services for consumers. They also offer a variety of financial services.
Revolut has been able to attract a lot of capital, which has allowed it to develop innovative money transfer and banking services. Financial Conduct Authority (FCA) regulates the company, which means funds are protected with them. The company stores all client funds in a segregated account at Barclays or Lloyd’s. The company follows the rules and regulations set out by the Payment Services Regulations 2017 and Electronic Money Regulations 2011 to safeguard clients’ funds. It offers no hidden fees for its services, although users will need to pay for Premium and Metal subscriptions. In addition, they charge fair usage fees for using their services outside of account limits, and for exchanging currencies.
To use Revolut, customers must download its app. It offers easy signup and verification tools. To use the app, users must take a photo of a government-issued identification. After verifying their identity, users can request a contactless card from Revolut. They will also receive a UK account number and sort code. After they have been set up, they will be able to use Revolut to make contactless payments or Apple Pay.
Is it safe?
There is a great deal of uncertainty surrounding Revolut and the security of your account. Revolut takes many precautions to protect your account, but fraud can still happen. It is important to use common sense and take basic precautions such as keeping your passwords and account information safe. Fraudulent companies target all financial services platforms, and Revolut is no different. Revolut employs both automated and manual fraud prevention methods to combat fraud.
Revolut first uses a verification process in order to confirm that you are real. This is standard procedure for most financial service providers and is designed to prevent fraud. Revolut will ask you to upload a photo of your ID. This can be a selfie or an official government issued ID.
App
Revolut makes it possible to send international money via bank transfer or credit card. It works with all MasterCard-enabled ATMs and supports more than 140 currencies. Revolut is available worldwide without fees. Revolut also allows you to get a loan or credit card. You can also send money internationally with Revolut, which is about 10 times cheaper than using a traditional bank.
Revolut’s customer service is excellent. If you have any problems or questions regarding your account, you can reach them round the clock. It is easy to use and allows you to track your payments from anywhere in the world. This is an excellent feature for people who want to have control over their finances.
Customer Service
Customer Service at Revolut is a major priority at the company. Their 24/7 in-app chat service allows customers to ask questions at any time. They believe that the best support comes from direct contact with customers. Through extensive training, customer service agents are equipped to provide top-quality support. They shadow existing customer service agents and gain valuable customer experience and technical skills. They also promote an open, transparent environment where agents can learn from each other.
Customers of Revolut can also call the customer service number at +442-033-228-352. Although the number is automatic, customers can still call it to obtain account information, block card information, and block cards. However, you should not call this number if you have an urgent issue or are unsure of what to do with your account. Live chat is available in Revolut’s app, but you must be logged in to use it.
Fees
Revolut is a popular digital banking service that’s easy to use and very popular in the UK. However, there are fees. In this Revolut Review, we’ll look at these fees and how they affect your spending. There are some downsides to the low fees. There is no physical branch network or full financial protection (FSCS) coverage.
Revolut’s app is simple to use and intuitive. It also offers a virtual card to make purchases online. The app also offers commission-free US stock trading and instant personal loans up to EUR30,000. However, if you are going to use the service abroad, make sure to check the exchange rate first as this can vary greatly.