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. 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 provides banking services to customers via mobile apps. It was founded in 2015 by Vlad Yatsenko and Nikolay Storonsky. Their goal is to make banking easier for customers. 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. The company is also regulated by the Financial Conduct Authority (FCA), which means that funds are safe 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)). 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. After they have been set up, they will be able to use Revolut to make contactless payments or 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’s essential to exercise common sense and apply basic precautions, including keeping your passwords and account information secure. Fraudulent companies target all financial services platforms, and Revolut is no different. To combat fraud, Revolut uses automated and manual fraud prevention measures.
Revolut first uses a verification process in order to confirm that you are real. 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 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. 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 support is outstanding. 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 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.
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. 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. If you plan to use the app abroad, be sure to verify the exchange rate as it can fluctuate greatly.