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. It also allows you to track bills and split them. Their bill tracker feature allows you to calculate how much money is owed.
What is Revolut?
Revolut is a financial technology company based in London, United Kingdom. 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. 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. 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. 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 be provided with a UK account number as well as a 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’s essential to exercise common sense and apply basic precautions, including keeping your passwords and account information secure. 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.
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. This process consists of uploading a photograph of your ID with Revolut. This can be a selfie or an official government issued ID.
Revolut allows users to make international payments by credit card and bank transfer. It supports over 140 currencies and works with all MasterCard enabled ATMs. Revolut is available worldwide without fees. Revolut also allows you to get a loan or credit card. Revolut allows you to send money internationally, about 10x cheaper than traditional banks.
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 a great feature for those who like to be in control of their finances.
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. Direct contact with customers is the best way to get support. 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. 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.
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. 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. If you plan to use the app abroad, be sure to verify the exchange rate as it can fluctuate greatly.