Revolut Review: What You Need To Know
Revolut is a great option if you are looking to send money. 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. You can even calculate how much money you owe by using their bill tracker feature.
What is Revolut?
Revolut is a financial technology company based in London, United Kingdom. It offers banking services to customers through mobile apps. It was founded by Nikolay Storonsky and Vlad Yatsenko in 2015. Their goal is to make banking easier for customers. They also offer a variety of financial services.
Revolut has received a lot of investment, which has enabled the company to build innovative banking and money transfer 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. To protect clients’ funds, the company adheres to the Payment Services Regulations 2017 (and the Electronic Money Regulations (2011)). It offers no hidden fees for its services, although users will need to pay for 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. It offers easy signup and verification tools. The app requires users to provide a picture of a government-issued ID. Once they have verified their identity, they can then request a contactless Revolut card. 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?
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. Revolut is not an exception to the rule. Fraudulent financial companies target all financial service platforms. 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 verification process is used by most financial service providers to protect against fraud. Revolut will ask you to upload a photo of your ID. This could be a selfie, or an official government-issued ID.
Revolut allows users to make international payments by credit card and bank transfer. It works with all MasterCard-enabled ATMs and supports more than 140 currencies. Revolut is available worldwide without fees. You can also get a credit card or loan with Revolut. 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. You can contact them 24/7 if you have any questions or problems with your account. 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 at Revolut is a major priority at the company. Customers can ask any questions via the 24/7 chat feature. They believe that the best support comes from direct contact with customers. Their customer support agents are trained to provide high-quality support through extensive training programs. 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. Though the number is automated, it can be used to get account information, block cards, or 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.
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. 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. However, if you are going to use the service abroad, make sure to check the exchange rate first as this can vary greatly.