IS REVOLUT ACCOUNT WORTH YOUR MONEY IN 2023 ?

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In this article, I go through the key features of an online bank - Revolut as I have also used it for 2 years already, and hopefully it helps you understand the main key features of this digital banking app.

I like that the Revolut has developed a lot in the last couple of years and nowadays has over 25.000.000 clients worldwide since it started as a Fintech start-up project in 2015.

It has many features and I love that Revolut allows you to generate a one-time virtual card when paying online knowing that your account stays safe at all times. Personally, I use both forms, virtual and physical. It has helped me many times abroad to get a better exchange rate and lower withdrawal fees at foreign local banks alongside other features, like insurance or exclusive travel deals.

To have the opportunity to personalize the front side of the card to your convenience is just a small fancy detail among all features that come within. Scroll smoothly into another of my articles about its benefits and exclusive deals here. Let's learn more about Revolut now.

WHAT IS REVOLUT

Revolut is a digital banking app that offers a range of key features to help users manage their money and make transactions more easily. Revolut's app supports spending along with withdrawals in 120 currencies and transfers in 29 currencies directly from the app. Payments at weekends incur an extra fee of 0.5% to 2% protecting them against exchange rate fluctuation. Since November 2022 the bank has over 25.000 000 clients worldwide.

an image of a woman sitting on the sofa with open notebook on her laps and holding a credit card in the other hand.

REVOLUT

KEY FEATURES

Multi-currency account: Revolut allows users to hold and exchange multiple currencies within the app, making it easy to manage money while traveling or working with international clients.
Spending analytics: Revolut offers detailed spending analytics to help users understand their spending habits and budget more effectively.
P2P payments: Revolut allows users to easily send and receive money from other Revolut users, as well as make payments to non-Revolut users via bank transfer.
Virtual and physical cards: Revolut offers virtual and physical debit cards that can be used for online and in-store purchases. The cards are powered by Mastercard and can be used wherever Mastercard is accepted.
Bill splitting: Revolut allows users to easily split bills with friends and family, making it easy to split expenses for things like rent, groceries, or a group vacation.
Direct debit and standing orders: Revolut allows users to set up direct debits and standing orders to easily pay bills and subscriptions.
Cryptocurrency Exchange: Revolut allows users to buy, hold, and exchange Bitcoin, Litecoin, Ethereum, Bitcoin Cash, and XRP within the app.
Stock Trading: Revolut offers trading feature that allows users to buy and sell stocks and ETFs with zero commission.
Investment: Revolut also offers investment feature, where you can invest in a range of stocks, commodities, cryptocurrencies, and ETFs.
Insurance: Revolut offers exclusive travel insurance, device insurance, and purchase protection insurance for the premium and metal plan customers
Business plan : Revolut also offers a Business plan that allows small business owners and freelancers to manage and track business expenses, as well as process payments and manage finances.
Customer service and support: Revolut provides 24/7 customer service and support via in-app chat, email, and phone.

The Ultimate Guide"

Since most people don't notice many differences between Revolut and Wise accounts, let's focus on them.

There are some major ones for attentive clients.

REVOLUT VS.WISE FEATURES

Revolut and Wise are digital banking apps that offer similar features such as multi-currency accounts, spending analytics, P2P payments, and virtual and physical cards.

However, there are some key differences between the two apps such as Wise has more currency options than Revolut, but

Revolut offers

-more advanced analytics

-more P2P options

-cryptocurrency exchange

-stock trading

-insurance

-business plan

While Wise focuses more on:

International money transfer

transparent fee structure

I go through the main differences between online banks in the related article.

CONCLUSION

Revolut is a convenient and cost-effective option for managing your money and making payments and transfers. Its ability to hold and exchange multiple currencies, budgeting tools, and other features make it useful for anyone looking to take control of their finances and avoid high fees and poor exchange rates.

Nowadays is completely wise to have a luxury of a compact online account as Revolut definitely is.

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