Revolut reviews

Revolut is regulated by the FCA. The company is licensed as an institution that deals in electronic money and has to hold all client funds in a “segregated account”.

Revolut Services

You can use Revolut as a UK current account and get a card to withdraw cash at ATMs, make contactless payments, and use Apple Pay and Google Pay. You can also make international payments with the app. You can spend your money globally fee-free in 29 different currencies. You can also add device insurance and medical insurance and pay by the day, the rates are low compared to the market. Last but not least, you can buy cryptocurrency.

Deposit and Withdrawal with Revolut

When you have a Standard Revolut account, you won’t pay currency exchange fees during the weekdays. All bank transfers are fee-free, at the interbank rate, in 29 fiat currencies – although it charges 0.5% for transfers that exceed £5,000 a month. You will have free ATM withdrawals of up to £200 per month. When you exceed the limit there is a 2% fee.

For deposits, if you are going to top up the first time, you have to link a bank account with your Revolut card. After you do this all you have to do is to choose the amount you want to add into your Revolut account. After your first deposit, you can use the automatic top-up feature. With this, you get the app to automatically top up your Revolut account from your main card if it drops below a certain amount.

Which countries does Revolut operate in?

Revolut currently only supports countries in the European Economic Area and Switzerland. So, you can only get a card if you’re a legal resident from one of the following countries:

Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, and the United Kingdom for now.

Revolut supports over 150 currencies, so you can travel and use the card around most of the countries in Europe, South America, North America, Africa, Asia and Australasia.