A top choice for those who travel frequently. In the UK it might not be able to fully replace your bank.
While at the time of composing it is not running as a bank, it is slowly turning into one, having gotten an opposition bank license from the European Reserve Bank in December 2018. As a result, itself does not save your cash, it utilizes Barclays and Lloyds for that. In early 2021 it also applied for a UK banking license and a bank charter in the US. Considering that it is not yet a bank, it does not use any deposit security.
today we’re going to be reviewing with the objective to help you respond to concerns like must you get a account and how will it benefit you and to do this we’ll be looking at how e ranked on our monito score and what caused us providing an 8.6 this will help us decide whether we can trust with our money as
Is Revolut Postcode Uk the world’s first global financial superapp?
well as get a clear image of their services and advantages their fees and currency exchange rate and likewise see how their clients rate developed in 2015 is a personal business with over 2 000 staff members they’re an award-winning company and in 2020 won the uk tech awards for company of the year since december 2021 their accounts and cards are readily available to clients residing in the uk us eu and eea nations australia singapore switzerland and japan unfortunately no canada or brand-new zealand nevertheless new zealand is looking likely in the near future if you visit their website they state they have a banking licence which was given by the european central bank in poland and lithuania this enables them to provide banking services in a variety of european nations including bulgaria croatia romania slovenia in addition to france italy and portugal and more however they’re yet to be approved a banking license in the uk the us or anywhere else they operate but even if they’re not a traditional bank and do not have a banking license
in specific nations does not indicate your cash isn’t safe are actually required to safeguard your money with bigger banks with a bank like lloyd’s or barclays so if were to fail your cash would be safe and because of this and the reality they’re totally managed by the fca in the uk and accredited as a bank in specific european nations we scored an 8.9 for trust and trustworthiness with over 16 million clients already trusting with their cash we believe you can absolutely trust them with yours has actually been extremely innovative when it comes to banking their mobile app unlike traditional banks is special perfectly created and really sticks out for its various features and offerings when you at first register you’ll be asked to select a strategy there are 4 offered standard which is free plus premium and metal these are their rates in the uk but they might differ depending on where you’re located the essential offerings of are offered across all strategies that includes a bank account with its budgeting and automatic savings advantages currency exchange
international spending atm withdrawals quickly and simple cash transfers including expense splitting so you can quickly send and ask for money in addition to stocks and crypto trading nevertheless the various strategies will use you higher advantages within each of these principles for example the more pricey to prepare the more money you can withdraw from an atm without sustaining a cost with the standard free strategy depending which precedes you’re either limited to an overall of 200 pounds or five