Revolut
International banking alternative with multi-currency transfers and powerful money management built in.
- Freemium • Proprietary
- Android
- iPhone
- Apple Watch
- Android Wear
...
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.
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.
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Categories
Business & Commerce • Bitcoin & CryptocurrencyTags
- bank-account
- mobile-banking
- online-payment
- finances
- transfer-money-online
- pay-online
- send-money
- money-transfer
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Revolut
Summary and Relevance
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
- 21 alternatives listed
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View allRevolut was added to AlternativeTo by ediprihistal on Dec 8, 2017 and this page was last updated Jan 13, 2021.
**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, ...)
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.