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 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. 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. The company follows the rules and regulations set out by the Payment Services Regulations 2017 and Electronic Money Regulations 2011 to safeguard clients’ funds. 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 be provided with a UK account number as well as a 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?
There is a great deal of uncertainty surrounding Revolut and the security of your account. 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 can be a selfie or an official government issued ID.
Revolut makes it possible to send international money via bank transfer or credit card. 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. 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. 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.
Revolut’s customer service is a top priority. Customers can ask any questions via the 24/7 chat feature. 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.
Customers of Revolut can also call the customer service number at +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. 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.
The app for Revolut is easy to use and has an intuitive design. 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.