It started in 2015 as a travel card that offers cheap currency exchange rate. Revolut Bank Italy… it is now a bank.
It is the fastest growing digital bank with the best variety of functions. A leading option for those who travel regularly. In the UK it might not be able to completely replace your bank.
While at the time of writing it is not running as a bank, it is slowly ending up being one, having actually gotten a challenger bank license from the European Central Bank in December 2018. In early 2021 it also used for a UK banking license and a bank charter in the United States.
today we’re going to be reviewing with the objective to assist you address concerns like should you get a account and how will it benefit you and to do this we’ll be looking at how e rated on our monito score and what caused us giving them an 8.6 this will help us decide whether we can rely on with our money as
Is Revolut Bank Italy the world’s first?
well as get a clear picture of their services and benefits their charges and currency exchange rate and also see how their consumers rate developed in 2015 is a private company with over 2 000 staff members they’re an award-winning business and in 2020 won the uk tech awards for company of the year as of december 2021 their accounts and cards are readily available to customers living in the uk us eu and eea countries australia singapore switzerland and japan regrettably no canada or new zealand however brand-new zealand is looking likely in the future if you visit their site they state they have a banking licence which was given by the european reserve bank in poland and lithuania this enables them to provide banking services in a number of european nations consisting of bulgaria croatia romania slovenia as well as france italy and portugal and more nevertheless they’re yet to be approved a banking license in the uk the us or anywhere else they run but just because they’re not a standard bank and do not have a banking license
in specific nations does not indicate your cash isn’t safe are really needed to secure your cash with bigger financial institutions with a bank like lloyd’s or barclays so if were to go bust your money would be safe and because of this and the reality they’re completely regulated by the fca in the uk and licensed as a bank in certain european countries we scored an 8.9 for trust and reliability with over 16 million clients currently trusting with their cash we believe you can certainly trust them with yours has been really innovative when it concerns banking their mobile app unlike standard banks is unique wonderfully created and really sticks out for its different features and offerings when you initially register you’ll be asked to pick a strategy there are four available standard which is free plus premium and metal these are their rates in the uk but they may vary depending upon where you lie the essential offerings of are readily available throughout all plans that includes a current account with its budgeting and automatic savings advantages currency exchange
global costs atm withdrawals fast and basic cash transfers including expense splitting so you can easily ask for and send money as well as stocks and crypto trading nevertheless the different plans will use you greater advantages within each of these basics for instance the more expensive to prepare the more cash you can withdraw from an atm without incurring a cost with the basic free plan depending which comes first you’re either restricted to a total of 200 pounds or five atm withdrawals per month with plus premium and metal you are not restricted to a number of withdrawals however you do have an optimum amount you can withdraw without sustaining a charge has an excellent cost savings item offered called the cost savings rise it has excellent rates of interest which in fact increase when you’re on a greater plan and also some fantastic ways to deposit your money consisting of extra modification which is a function in the app where will round up your card purchases to the nearest whole number and stash the difference in your savings rise so if you were seeking to use revolu as a means of conserving money and collecting interest then this could be an excellent option for you if you’re seeking to often send out cash internationally with revolu the premium and metal strategy might be much better for you in addition to they have an allowance of cost exempt regular monthly transfers generally with the complimentary plan you will
incur fees when moving money with premium you get one and with metal you get 3 charge totally free transfers and if you mean to utilize revolut to buy and sell crypto you can do this with any strategy other than you’ll require the most costly metal strategy if you want to withdraw your crypto out of revolu and into an external wallet there’s also no 24 7 top priority consumer assistance for the basic free strategy but don’t be deceived by this it does not indicate you won’t have the ability to speak to someone if you need assistance i’m on the standard strategy and i leapt Revolut Bank Italy