Revolut
International banking alternative with multi-currency transfers and powerful money management built in.
Summary
Our users have written 3 comments and reviews about Revolut, and it has gotten 25 likes
- Developed by Revolut Ltd
- Proprietary and Freemium product.
- Subscription that costs between $10 and $15.
- Average rating of 3.7
- 25 alternatives listed
It is a true competitor to PayPal. It has great support and so many features, like analytics, instant notifications, send/request money (create payment links), you can donate, trade stocks, buy cryptos, exchange to foreign currencies at interbank exchange rate, … Premium members get » Disposable virtual cards, LoungeKey Pass access, Overseas medical insurance, Delayed baggage & delayed flight insurance and even a concierge to help you manage your lifestyle. Crazy good!
Love revolut, since it is better than most banks out there. It even rivals Paypal.
However, I am going to focus on something else in this review: Revolut as a US stock trading app for those of us in the EU (since many millenial trader apps like Robinhood are only for US citizens).
When they added stock buy/sell options, I was thrilled. Quite barebones now, you need supplimentary apps to educate and watch stocks now, and they only have US stocks, but that didn't stop me from playing the game and making +60% with 3,000$ on Tesla stocks and others.
I foresee a bright future for Revolut if they place some emphasis on trading as well, since it is so convenient to start up an account.
Oh, and I forgot to mention that the only Bitcoin I own is in my revolut account.
They are innovating with many other features (junior accounts, analytics, pay by phone number).
It's a great platform with a lot of seeds to grow.
Been spending 60% of my "normal" expenditure through this app. It's the best I found for those that want to track a budget easily. As the app does it for you.
**Evaluation of data privacy policy at Revolut: **``
Here's an example of how we use your personal information for marketing``
If you are a Revolut customer, we may contact you about optional extras or promotional offers. We may use information we gather about you through your use of our services to tailor these offers to you.``
-> app requests access to contact book, location, browsing history, …``
-> access via privacy-preserving Tor browser to Revolut web site blocked``
-> for a person using Revolut for a predominant part of his/her financial transaction, the collected information provide a very detailed personal profile of interests, likes, and purchase decisions.``
-> the phone number allows extremely targeted marketing calls with suggestions about “your friend also bought ...”``
=> interesting and modern payment system, missing a payable and verifyable opt-out of data collection scheme (current ‘Premium’ account generously offers for instance customized credit card design, ...)