Revolut is a British company that has changed the world of banking thanks to a money management application, a payment card which meets the requirements of modern users. Founded in 2015, Revolut began life as an easy way for travellers to avoid high currency exchange fees. Today, it has developed into a complete digital bank with many more financial services to provide its customers.
Services offered by Revolut
In short, it’s fair to say that Revolut is a versatile banking solution that has turned into a financial product that can change with the times. Revolut reimagines the banking experience through an app, and they do this with a whole range of financial services, made simple and intuitive, using technology as their core way of approaching the problem.
Revolut offers banking and financial services from daily account management to more complex financial services.
Revolut personal accounts
Online money management has been revolutionised by the fact that online banking has been made accessible to everyone through Revolut. Users who want to use Revolut without paying monthly fees begin with Revolut’s standard personal accounts. These are the accounts where customers can make their money daily, pay in euros and other currencies without extra hidden fees and take advantage of a payment card when online and in the store. If you’re looking for more features and benefits available, you can get premium and metal accounts in Revolut. On top of these things, they come with some extra goodies like increased withdrawal limits, travel insurance and access to special offers. It’s also an appealing choice for high-use cases as premium and metal customers also have concierge services and cashback on spending.
Business banking services
Businesses have specifically designed offers with Revolut, too. Business accounts with Revolut come with advanced financial management tools so you can keep track of all your finances. Some of the features of Expense Radar include: issuing payment cards to employees, and detailed expense analysis that helps businesses optimize cash flow management and save significantly. Revolut also lets businesses handle international payments efficiently at the real exchange rate and with no high traditional fees. Revolut is simply an online banking partner for modern businesses owing to the simplified user interface, and easy integration with other platforms.
Other financial services
Revolut goes way beyond accounts and cards, offering other financial services outside the expectations of traditional banking. Customers can have their currencies interchanged with interbank rates, invest in stocks and cryptocurrencies, and even get travel and mobile device insurance, all from the app.
With the payment platform that Revolut has to its credit, you not only get to manage the money but grow it too. Recurring transfers, scheduled payments, and donations to charities can all be set up easily by users, with remarkable transparency and simplicity. Revolut makes money a flexible tool that fits with the dynamic and connected lifestyles of its customers.
How does it work
Revolut is a banking platform that offers an easy-to-use, technology-focused product. A modern alternative to traditional banks as it lets you manage your money and conduct banking transactions online only. Revolut has a very nice intuitive and convenient registration and daily use.
Opening a Revolut account
Opening an account is a completely digital process, accomplished through the mobile app. Users download the app and enter the necessary information, instantly getting access to their account. Identity verification to confirm new registrations is quick and secure to ensure new registrants meet banking regulations.
The account is ready for activation once the sign-up is completed, and you can add funds with a bank transfer or with a payment card from a different bank. They can also get a physical Revolut card to pay in-store or online or create a virtual card for a more secure online purchase.
Use of the App for account management
Revolut is an account management app that gives a real-time overview of the client’s finances. It is easy to check your balance, make transfers, exchange currencies at advantageous rates or set up alerts to watch your spending. In addition, the app lets you set monthly budgets and help save money with features such as “Vaults” or saving spaces for your funds. But the Revolut app is also a hub for other kinds of financial services, including letting you buy stocks and cryptocurrencies, as well as purchase insurance. They have everything designed to give the user total ownership of their finances without the need for traditional bank services.
Assistance provided to customers in support
On the app itself, Revolut’s customer support is reachable for quick help with questions or problems. You can talk to a live chat advisor or use the help section to find answers to common questions. Their goal is to make life easier for their users by providing a seamless experience, quick solution and a user-aware process.
You may also find these articles helpful
Trading with Internet Computer – full guide
Advantages and disadvantages of FTX Token
Trading with VeChain- full guide
