Is Revolut a real bank?
Is Revolut a real bank?
Although we do have a banking license, we’re not yet a full-fledged bank in the UK, but an e-money institution (fintech). We intend to acquire a UK banking license in the future, as well as licenses in many of the other regions in which we operate.
What bank is behind Revolut?
As a result, Revolut itself doesn’t store your money, it uses Barclays and Lloyds for that. In early 2021 it also applied for a UK banking license and a bank charter in the US. Since it is not yet a bank, it does not offer any deposit protection.
How much does Revolut cost per month?
Compare Revolut with digital banks in Ireland
| Name | Monthly Fee | Free ATM withdrawal limit |
|---|---|---|
| Revolut Premium | €7.99 | €400 per month |
| bunq Easy Money Personal | €8.99 | 4 withdrawals per month |
| N26 Smart | €4.90 | 5 free withdrawals per month |
| Revolut Plus | €2.99 | €200 per month |
Is Revolut better than bank?
One of the major features of Revolut is the ability to send money internationally and do so up to 10 times cheaper than you would with a bank. Revolut offers free, fast, and secure money transfers to a bank account within one of more than 130 countries, and this is done using the real exchange rate.
Who is Revolut and what does it do?
Patent Pending. Revolut works with UK regulated entities to provide our platform such as Paysafe Financial Services Limited who are authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FRN: 900015) for the issuing of electronic money and payment instruments, pursuant to a licence from MasterCard International.
What do you need to know about Revolut mobile app?
Revolut Ltd is a UK financial technology company that offers banking services including a prepaid debit card (MasterCard or Visa), currency exchange, cryptocurrency exchange and peer-to-peer payments. The Revolut mobile app supports spending and ATM withdrawals in 120 currencies and sending in 29 currencies directly from the app.
What kind of banking services does Revolut offer?
Revolut offers banking services including GBP and EUR bank accounts, debit cards, fee-free currency exchange, stock trading, cryptocurrency exchange and peer-to-peer payments.
When did Revolut start as a financial company?
Revolut launched in July 2015 We’re here for those who refuse to settle. Who never stop moving forwards. Who continue to search for new ideas and better experiences in everything they do. Because today’s hyper-connected world deserves a financial partner just as progressive.
https://www.youtube.com/watch?v=u3NyFlCwuIw