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. 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 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 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. 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. 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 is important to use common sense and take basic precautions such as keeping your passwords and account information safe. Fraudulent companies target all financial services platforms, and Revolut is no different. Revolut employs both automated and manual fraud prevention methods to combat fraud.
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. There are no fees to use Revolut abroad. 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 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. 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 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.
Revolut customers can also call their customer support number, +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.
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. 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. However, if you are going to use the service abroad, make sure to check the exchange rate first as this can vary greatly.