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Revolut app and debit card review

This financial super app comes with a debit card, access to crypto and much more.

finder.com’s rating: 4.8 / 5.0

★★★★★

Revolut is a financial super app that includes spending, saving and investing features. When you open an account, you get hassle-free global spending, international money transfers, and access to cryptocurrency exchanges. Revolut accounts come with virtual and physical debit cards, and based on your plan, you can earn up to 0.07% annual percentage yield (APY) on your savings. But you may pay foreign currency fees or a monthly service depending on which plan you choose.

From $0 per month

Fee

Up to 0.07%

APY

$0

Minimum deposit to open

Details

APY0.07% on balances of +
0.05% on balances of to
Fee$0 per month
To waive the feeOpen a Standard plan with $0 monthly fee. Paid plans:
• $9.99 monthly fee for Premium plan
• $16.99 monthly fee for Metal plan
Minimum deposit to open$0
Intro or bonus offerJust make one qualifying transaction of $1.00 or more with your Revolut card during the promotion period. The bonus will then be credited automatically.
ATMs55,000+ surcharge-free in-network ATMs nationwide
ATM transaction fee$0
Out-of-network ATM fee$0
Learn moreApply now

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Deal

Get $10 bonus when you sign up for Revolut

Just make one qualifying transaction of $1.00 or more with your Revolut card during the promotion period. The bonus will then be credited automatically.

How Revolut works

The Revolut card is best for frequent travelers or people who often send money overseas. It’s also great for limited ATM access, and the app lets you buy, hold and sell crypto.

But you can’t use the Revolut card to directly spend crypto. Some crypto-linked debit cards, such as the Coinbase Card, let you choose a form of crypto as a payment method linked to your card.

Unfortunately, the maximum APY you’ll earn is 0.07%, which is barely above the national average of 0.06%. And the Revolut app only supports seven forms of crypto, which is low compared to other crypto-linked financial apps, such as Crypto.com, Coinbase and Celsius.

And there are a few hidden fees to watch out for. For instance, if you withdraw more than $1,200 from ATMs in a month, expect to pay a fee.

How do I open a Revolut account?

Follow the steps below to open an account:

  1. Select Apply now.
  2. Go to Revolut.com and select Get started
  3. Enter your phone number and select Continue.
  4. Enter the six-digit code you receive.
  5. Enter your first and last name, date of birth, home address and email.
  6. Provide your SSN or select “I am not a US citizen.”

Eligibility

To open an account, you’ll need to meet the following requirements:

  • At least 18 years old
  • Valid Social Security number or Taxpayer Identification number
  • Valid US address

Required information

Make sure you have the following information handy when you open an account:

  • Name and date of birth
  • Mailing and email address
  • Government-issued ID
  • Social Security number or Taxpayer Identification number

How the Revolut card works

The Revolut card works like most other prepaid debit cards in that you can use it to pay for goods and services from any merchant that accepts Mastercard. You can also use it to withdraw funds from ATMs without paying any fees.

But despite the fact that Revolut lets you buy, sell and hold crypto in the app, you can’t directly spend crypto using the card. There are also no crypto rewards to earn with the card.

The Revolut app and online platform helps customers manage their money. You’ll have the ability to spend and transfer money, set up monthly budgets, freeze your card, get paid up to two days early and more. When you sign up, you’ll have the option of opening up a free, premium or metal account.

How much does Revolut cost?

There are three Revolut plans to choose from — each with different features and cost:

PlanMonthly PriceFeatures
Standard planFree
  • Free Revolut card
  • Ability to spend in over 140 currencies at interbank exchange rates
  • Exchange up to $1,000 in 28 fiat currencies for free — but only on weekdays
  • Fee-free withdrawals at more than 55,000 ATMs
  • No out-of-network ATM withdrawal fee for up to $1,200 per month
  • Revolut card
  • 10 fee-free international transfers per month
  • Up to five Revolut plans for kids
Premium plan$9.99
  • Ability to spend in over 140 currencies at interbank exchange rates
  • Exchange in 28 fiat currencies — no monthly limit
  • Fee-free withdrawals at more than 55,000 ATMs
  • Earn 0.07% APY on your savings
  • Free airport lounge passes when flights are delayed for more than 1 hr
  • Priority customer support
  • Premium card with exclusive designs and virtual cards
  • Commission-free crypto trading up to $200,000 per month
  • Global express shipment delivery for the card
  • Up to five Revolut
Metal plan$16.99
  • Ability to spend in over 140 currencies at interbank exchange rates
  • Exchange in 28 fiat currencies — no monthly limit
  • Fee-free withdrawals at more than 55,000 ATMs
  • Earn 0.07% APY on your savings
  • Free airport lounge passes when flights are delayed for more than 1 hr
  • Priority customer support
  • Revolut metal card and virtual cards
  • First replacement card free
  • Commission-free crypto trading up to $200,000 per month
  • Global express shipment delivery for the card
  • Up to five Revolut
  • Unlimited free SWIFT transfers

    How much interest can I earn with Revolut?

    You could earn up to 0.07% APY with your Revolut account depending on which plan you’re under. You’ll earn 0.05% APY on your savings under the free Standard plan and 0.07% APY under the Premium or Metal plan. Revolut savings is a variable rate and subject to change at any time.

    Is Revolut safe?

    Revolut is partnered with Metropolitan Commercial Bank to hold client funds, giving customers standard FDIC insurance on balances up to $250,000. But if you use Revolut Vault to hold your savings, those funds are kept with Sutton Bank, not Metropolitan Commercial Bank.Revolut‘s cryptocurrency services in the US are provided by Paxos Trust Company, but digital assets in your account are not insured by the FDIC or SIPC. Investments in cryptocurrency may also lose value at any time.

    If your card is lost or stolen, you have the option to freeze or unfreeze your card in the app or online platform.

    Revolut also has location-based security — if your card is used in a different location than your phone, you’ll receive a notification and you can block the purchase.

    What are the benefits of a Revolut account?

    Revolut includes FDIC-insured funds up to $250,000 and an app that lets you manage your finances. Other benefits include:
    • Live chat 24/7. Chat with customer service weekly through Revolut‘s app.
    • Lower exchange rate. Many banks apply a margin on top of the interbank exchange rate, but the Revolut app doesn’t.
    • No credit check. Banks typically run your credit when you apply, but Revolut doesn’t check your credit.
    • Pay friends. You can pay friends through the app or use the split bill feature to divide a group spend.
    • Earns interest. You can earn 0.07% APY with the Premium or Metal plan or 0.05% with the free Standard plan. But you’ll need to opt into the Savings Vault feature.
    • Compatible with crypto. You can buy, sell, send and receive seven forms of crypto in the Revolut app, but you can’t directly spend crypto with the Revolut debit card.

    What should I look out for?

    Although Revolut comes with a lot of benefits and features, it’s not without its disadvantages:

    • Foreign currency transaction markups and fees. On weekends when the markets are closed, you’ll get a 2% markup on your foreign currency transactions. But Thai Baht and Ukrainian Hryvnia will always get a 1% markup even during open markets. Also, if you surpass the $1,000 a month currency transfer limit with the standard plan, you’ll pay a fee.
    • Online only. There are no branches, which can put off those who prefer face-to-face customer service.
    • Additional fees. There’s a fee to load your card when using a debit card issued outside of the US. You may also encounter fees to replace your card.
    • Proof of funds. As part of its anti-money laundering procedures, Revolut may ask to check your source of funds to determine where your money came from. Documentation may include salary pay stubs, bank statements and more. Revolut may deactivate your account if they can’t verify your source of funds.
    • Website lacks features. You can log into your Revolut account via the website, but the web interface has far fewer features than the app.
    • No support for wire transfers. Revolut doesn’t support domestic or international wire transfers.

    If a fully digital app to store your funds isn’t what you’re looking for, compare other mobile banking options.

    Revolut supports 7 cryptocurrencies

    Revolut supports the following forms of crypto:
    1. Aave (AAVE)
    2. Bitcoin (BTC)
    3. Bitcoin Cash (BCH)
    4. Chainlink (LINK)
    5. Ethereum (ETH)
    6. Litecoin (LTC)
    7. Matic/Polygon (MATIC)

    Revolut‘s ATM network and fees

    Revolut gives you access to more than 55,000 free AllPoint ATMs. Revolut doesn’t charge a fee for out-of-network ATMs, up to $1200 a month under the Standard, Premium and Metal plan. If you surpass this limit, you’ll pay a 2% fee.

    Compare Revolut with digital banks

    See how Revolut stacks up against digital banks based on their ATM networks, minimum deposits and other features.

    1 - 14 of 14
    Name Product APY Minimum deposit to open ATMs Out-of-network ATM fee Offer
    NorthOne Business Banking
    Finder Rating: 3.4 / 5: ★★★★★
    Bonus
    NorthOne Business Banking
    N/A
    $50
    withdraw cash at any Cirrus branded ATM location (+1,000,000 locations accross the U.S + 2m worldwide), including MoneyPass ATMs
    $0
    Waive your $10 monthly fee for the first month when you sign up and open an account. After your first month, you'll pay a monthly fee of $10. Offer valid until April 26, 2023.
    Chime Checking account
    Finder Rating: 4.7 / 5: ★★★★★
    Chime Checking account
    N/A
    $0
    60,000+ fee-free ATMs
    $2.50
    Get rid of fees with this financial app offering consumer-friendly accounts. Chime can also help you save easily and access your paycheck faster.
    Aspiration Spend & Save Account
    Finder Rating: 4.2 / 5: ★★★★★
    Aspiration Spend & Save Account
    5.00% on balances of $0 to $10,000
    3.00% on balances of $0 to $10,000
    $10
    55,000+ free Allpoint ATMs worldwide
    $0
    Deposits are fossil fuel-free and insured by the FDIC. Enjoy a spend and save combo account with unlimited cash back rewards.
    Lili
    Finder Rating: 4.6 / 5: ★★★★★
    Lili
    1.00%
    $0
    32,000 fee-free ATMs nationwide
    $2.50
    Small business owners and freelancers get paid up to two days early and can automatically set aside money for taxes with the Lili digital banking account.
    Citi Priority Checking
    Finder Rating: 3.4 / 5: ★★★★★
    Bonus
    Citi Priority Checking
    N/A
    $30,000
    70,000+ fee-free ATMs in the U.S.
    $2.50
    Earn up to $2,000 when you open an eligible account and complete required activities.
    Secure online banking and access to cash with one of the largest networks of fee-free ATMs in the US.
    Varo
    Finder Rating: 4.7 / 5: ★★★★★
    Varo
    N/A
    $0
    55,000 AllPoint ATMs around the world for free
    $2.50
    Earn $30 bonuses every time a friend signs up for an account and deposits at least $20 in one transaction
    No monthly fees. No foreign transaction fees. No fees at 55,000+ Allpoint ATMs.
    Upgrade Rewards Checking
    Finder Rating: 4.3 / 5: ★★★★★
    Upgrade Rewards Checking
    N/A
    $0
    Upgrade will rebate ATM fees charged by another institution up to five times a month when you meet certain conditions.
    $0
    Earn up to 2% cash back on common everyday expenses, with a limit of up to $500 a year, plus 1% on other purchases
    Juno
    Finder Rating: 4.8 / 5: ★★★★★
    Bonus
    Juno
    1.20% on balances of $0 to $5,000
    0.25% on balances of $5,000.01+
    $0
    More than 85,000 ATMs nationwide
    $0
    Metal checking is free for the first 6 months
    A free account for crypto and cash that earns a 1.2% bonus rate plus 5% cashback on purchases from participating retailers.
    First Citizens Bank Free Checking
    N/A
    $50
    1,100+ First Citizens Bank ATMs
    $2.50
    First Citizens Bank Free Checking stands out for its built-in finance tracking tool, Manage My Money. Available to residents in NC, SC, TN, AZ, CA, CO, FL, GA, KS, MD, MO, NM, OK, OR, TX, VA, WA, WV, and WI.
    Yotta
    Finder Rating: 4.8 / 5: ★★★★★
    Bonus
    Yotta
    N/A
    $0
    over 55,000 free ATMs across the US
    $0
    When a friend signs up using your invite code, they get 100 tickets into next week's contest. Once they make their first deposit, you also get either 100 free tickets or potentially more if you have reached Silver, Gold, or Platinum status.
    Increase your chances of winning up to $10 million in cash prizes every time you spend $10 with your Yotta debit card and for every $25 in your checking account.
    Digit
    Finder Rating: 3.4 / 5: ★★★★★
    Digit
    0.10% on balances of $0+
    $0
    Varies based on connected bank accounts
    Digit savings is a microsavings app that helps you avoid overdrafts and passively set aside cash for short-term goals.
    Cheese Rewards Checking
    Finder Rating: 4 / 5: ★★★★★
    Cheese Rewards Checking
    3.00%
    $0
    over 33,000 MoneyPass ATMs
    $0
    The Cheese Rewards Checking account is a digital bank account and social cause platform designed for Asian-Americans and immigrants in the US.
    Revolut
    Finder Rating: 4.5 / 5: ★★★★★
    Bonus
    Revolut
    0.07% on balances of +
    0.05% on balances of to
    $0
    55,000+ surcharge-free in-network ATMs nationwide
    $0
    Just make one qualifying transaction of $1.00 or more with your Revolut card during the promotion period. The bonus will then be credited automatically.
    Revolut is a global fintech that offers FDIC-insured deposit accounts, 10 free international transfers a month and, on its Premium plan, commission-free crypto trades up to $200,000 per month. Crypto deposits aren't FDIC insured.
    Quontic Pay Ring
    Quontic Pay Ring
    N/A
    $0
    No access to ATMs
    Quontic debit card evolved to a ring, contactless purchases with a simple tap of your hand.
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    Compare up to 4 providers

    How do I deposit or withdraw money?

    Revolut offers three ways to access your funds:

    • Revolut card. Access funds in your account by using your Revolut card.
    • ATM. Fee-free access more than 55,000 AllPoint ATMs.
    • Peer-to-peer transfers. You can transfer to other Revolut account holders for free.

    How does Revolut compare to other transfer services?

    Revolut reviews and complaints

    Revolut is not accredited by the Better Business Bureau (BBB) and has no reviews on the BBB’s website. On TrustPilot, Revolut has an average rating of 2.3 out of 5 stars based on 68 reviews. The positive reviews on Trustpilot mention the convenience of the account and the app’s ease of use, while many of the negative reviews mention unexpected account closures, failed transactions and poor customer support.

    On the Apple App Store, Revolut has an average rating of 4.7 out of 5 stars based on more than 26,400 reviews. On the Google Play Store, the Revolut app has an average rating of 4.6 out of 5 based on more than 1.68 million reviews.

    How to contact Revolut

    If you have questions or need help with your account, you can contact Revolut in two ways.

    • Chat with a live agent via the app’s chat function, but response times may vary.
    • Send a message to Revolut on Facebook and Twitter at @revolutapp.

      Frequently asked questions

      Checking account ratings

      ★★★★★ — Excellent

      ★★★★★ — Good

      ★★★★★ — Average

      ★★★★★ — Subpar

      ★★★★★ — Poor

      We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.

      Read the full methodology of how we rate checking accounts.

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