Revolut Review – What You Need to Know
If you’re planning to make a money transfer, you might want to check out Revolut. 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 make banking easier for customers. The company also offers a range 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. 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.
To use Revolut, customers must download its app. The app provides 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. 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. While Revolut uses several precautions to keep your account safe, fraud is always an option. 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 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 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. Revolut is available worldwide without fees. You can also get a credit card or loan with Revolut. Revolut allows you to send money internationally, about 10x cheaper than traditional banks.
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 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. Customers can ask any questions via the 24/7 chat feature. Direct contact with customers is the best way to get support. Through extensive training, customer service agents are equipped to provide top-quality support. They shadow customer service agents to gain valuable customer experience as well as 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. However, you should not call this number if you have an urgent issue or are unsure of what to do with your account. Revolut offers live chat, but you need to be logged into the app to access 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. 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.