Revolut Review: What You Need To Know
Revolut is a great option if you are looking to send money. 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. 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 offers banking services to customers through mobile apps. It was founded by Nikolay Storonsky and Vlad Yatsenko in 2015. Their goal is to simplify banking services for consumers. 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. 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)). It offers no hidden fees for its services, although users will need to pay for 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. 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. 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. 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. This process consists of uploading a photograph of your ID with Revolut. This could be a selfie, or an official government-issued ID.
App
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. The app is very user-friendly and enables you to track payments from any location in the world. This is an excellent feature for people who want to have control over their finances.
Customer Service
Revolut’s customer service is a top priority. Customers can ask any questions via the 24/7 chat feature. 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 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.
Revolut customers can also call their customer support number, +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. These include the lack of a physical branch network and the lack of a full financial protection scheme (FSCS) cover.
The app for Revolut is easy to use and has an intuitive design. It also offers a virtual card to make purchases online. You can also get instant personal loans and stock trading in the USA without commissions. If you plan to use the app abroad, be sure to verify the exchange rate as it can fluctuate greatly.