Customers with Premium accounts receive a physical card for free. Revolut's physical card can be used to transact in your base currency, as well as other currencies. When you load money onto the card you can choose to exchange it into a currency of your choice (i.e. dollars) so locking into the current exchange rate.
Can I use Revolut as a bank account?
A Word of Caution While Revolut holds banking licenses in 10 different countries, the accounts live in the UK, and therefore for all intents and purposes, Revolut should not be seen as a bank.
What is a Revolut bank account?
Revolut offers a prepaid card for spending, along with “savings vaults” that can earn interest as well as bonus money. To maximize the bonus, you'll need to spend an amount equal to or greater than the balance in your savings vaults each month on the linked prepaid card.
Is Revolut safe?
It's safe to send money with Revolut - and can cost less than using a regular bank too. Revolut offers domestic and international transfers through its accounts. Revolut has verification steps and checks in place to make sure your money is safe whenever you make a local or overseas payment.
Is a Revolut account a bank account?
Revolut itself is not a bank in the US, though — like Monzo, Revolut offers technology that interfaces with another bank's services. Revolut's partner is New York-based Metropolitan Commercial Bank (MCB). The Revolut app is well-designed, with separate tabs that track your accounts, spending, payments, and cards.
Is it safe to use Revolut as a bank account?
Yes, Revolut is legit and safe to use.
What do you need to set up a Revolut account?
Opening a Revolut personal account is simple. You just download the app and put in your phone number. Then you will set a password and a 6 digit code will be sent to your phone to verify the account. It will ask you for your name, birth date, address, and email.
Does Revolut give you a bank account?
Like competing challenger banks, such as Chime and N26, Revolut lets you open an account from your phone. After that, you get U.S. account details and you can instantly top up your account with a bank transfer or a card transfer. A few days later, you also receive a physical debit card.
Is Revolut account free?
Like in other markets, Revolut offers both free and paid accounts in the U.S. When you pay for a subscription fee, you get higher fair usage caps and more features, such as insurance coverage and different card designs.
Is there a monthly fee for Revolut?
Revolut comes with two premium tiers. The first is simply called Premium and it costs €7.99/£6.99 per month. The higher tier, called Metal, costs €13.99/£12.99. The additional benefit here is that the physical card is a metallic card, instead of a standard plastic card.