Revolut Ceo Nikolay Storonsky

Revolut Review: What You Need To Know
Revolut is a great option if you are looking to send money. This app offers over 30 currencies to choose from and uses the Interbank Exchange Rate to calculate exchange rates. It also allows you to track bills and split them. You can even calculate how much money you owe by using their bill tracker feature.

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 in 2015 by Vlad Yatsenko and Nikolay Storonsky. Their goal is to simplify banking services for consumers. The company also offers a range of financial services.

Revolut has received a lot of investment, which has enabled the company to build innovative banking and money transfer services. The company is also regulated by the Financial Conduct Authority (FCA), which means that funds are safe with them. All client funds are stored in a separate account at Barclays and 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. There are no hidden charges for the services of the company, but users will have to pay premium and metal subscriptions. They also charge fair usage fees to use their services beyond account limits and for exchanging currencies.

Customers must download the app to use Revolut. The app provides 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. Once they’re set up, they can use Revolut for contactless payments and Apple Pay.

Is it safe?
Revolut’s security and safety are uncertain. 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. To combat fraud, Revolut uses automated and manual fraud prevention measures.

First of all, Revolut uses a verification process to verify that you are a real person. This is standard procedure for most financial service providers and is designed to prevent fraud. This process consists of uploading a photograph of your ID with Revolut. This could 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. There are no fees to use Revolut abroad. 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. The app is very user-friendly and enables you to track payments from any location in the world. This is a great feature for those who like to be in control of 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 encourage openness and transparency so that agents can learn from one another.

Revolut customers can also call their customer support number, +442-033-228-352. Although the number is automatic, customers can still call it to obtain account information, block card information, and block cards. If you need immediate assistance or are unsure what to do about your account, however, it is best not to call this number. Live chat is available in Revolut’s app, but you must be logged in to use it.

Fees
While Revolut may be one of the most popular and easy-to-use digital banking services in the UK, you should know that it also carries some fees. We’ll be looking at the fees and how they impact your spending in this Revolut Review. Despite the low fees, there are some drawbacks. These include the lack of a physical branch network and the lack of a full financial protection scheme (FSCS) cover.

Revolut’s app is simple to use and intuitive. You can also use the app to purchase online with a virtual card. The app also offers commission-free US stock trading and instant personal loans up to EUR30,000. If you plan to use the app abroad, be sure to verify the exchange rate as it can fluctuate greatly.