What is Revolut?
Revolut is an alternative to traditional banks that offers an internationally focused, app-based approach with built-in features for budgeting, expense tracking, split payments and much more. Setting up an account and making deposits through the app is free and users can opt to purchase a physical, stainless steel debit card for easy access to funds and featuring surcharge-free withdrawals from ATMs within reasonable monthly limits. The app provides security features to disable and enable contact-less, swipe, and online payments with the card as well as the ability to freeze and unfreeze it.
For banking features, Revolut provides transfers at fair rates between multiple currencies. Similar to services like PayPal, users can easily send and request money and can even generate a link to receive payment from people not using the app. It also includes features of split payment services, letting users easily split up bill payments among friends and family. Users can also buy and sell Bitcoin and Ethereum cryptocurrencies within the app.
The app also features a savings Vault with fair interest rates and allowing automated deposits of spare change as well as one-off or recurring transfers. Meanwhile, Group Vaults make it easy to share and save together with others. Budgets are easily managed as well with a monthly budget planner and real-time expense tracking and overall spending is always available at a glance through an intuitive analytics tab.
- Norwegian Bokmål
- 4.69 avg rating