Get a £10 top-up plus a month of Premium free with this link
About Revolut
Revolut is a digital-only banking app and card that sets itself apart from traditional banks with a focus on technology, low fees and flexibility. It wants to help those who travel a lot, offering spending abroad and international money transfers with no hidden fees. Revolut allows its customers to manage their money easily. Splitting the bill with friends, freezing a lost card and setting a spending goal has never been easier. Revolut offers a number of accounts with its free one being the standard, a plus account, a premium one and a metal account that comes with a metal card.
Pros and cons of Revolut
Pros
- Free multi-currency current account, you can hold 30+ different currencies.
- Quick to apply for and set up, no credit checks.
- Use the card abroad with no fees.
- User-friendly app with control over accounts and cards, spending control visualisation and a lot of great features.
- Fee-free money transfers in 30+ currencies, at the interbank exchange rate.
- You can put money aside in a Vault and set a spending goal for it. Group Vaults are also available.
- 24-hour customer service is available.
- You can get travel insurance directly from the app, at a competitive price.
Cons
- At weekends, when the markets are closed, Revolut applies a mark up of 0.5% on major currencies and 1% on other currencies on its rates.
- Free cash withdrawals are limited to £200 a month.
- You can’t set up a direct debit on your UK account.
- No other banking products available, such as overdrafts, credit cards or interest-paying savings accounts.
- No branches, which can put off those who prefer face-to-face customer service.
More guides on Finder
-
Chase vs Starling
We look at how bank accounts from Chase and Starling compare.
-
Chase vs Monzo
Use our guide to compare the free current accounts from digital challenger banks Chase and Monzo.
-
Chase vs Revolut
We look at how current accounts from Chase and Revolut compare.
-
Juni business account review
Learn more about Juni’s business account for ecommerce and online marketing entrepreneurs.
-
SumUp business account review
Find out more about the SumUp business account, including its pros and cons.
-
Monzo review: Is it worth it?
Is Monzo’s app-only current account the right option for you? Read our review to get the low-down on all of the features of the account, its card and the app.
-
Revolut Plus review
Revolut Plus is the latest current account to be offered by digital banking brand Revolut – we take a look at its features and fees.
-
Novus bank account review
New UK banking startup Novus says it will offer a digital bank account with a conscience. Here’s what we know about it so far.
-
Vybe bank account review
The latest kid on the neobank block, Vybe is a free-to-use digital account that offers perks and discounts through its range of brand partners.
-
Monzo Premium account review
Digital challenger bank Monzo has launched a new Premium tier for its current account. We take a look at the cost and what’s on offer.
Ask an Expert