Revolut app (Best online banking app). Click below for signing up as an Australian.
Revolut has emerged as a dynamic digital banking solution, tailored for the modern, tech-savvy generation. Its mobile app offers a comprehensive range of services:
Effortless Currency Transfers: Seamlessly send money across borders in 29 different currencies.
Global Debit Card: Empowering users with a pre-paid debit card, accepted in 120 countries, facilitating cash withdrawals worldwide.
Crypto-Currency Exchange: Embracing the digital trend, users can convert currencies into popular crypto-currencies like Bitcoin, Litecoin, Ethereum, Bitcoin Cash, and XRP.
Smart Budgeting Vaults: Innovative savings feature allows users to create dedicated 'vaults' for budgeting and saving funds.
Insurance Solutions: Providing mobile phone and overseas medical insurance for enhanced financial security.
For standard accounts, users enjoy complimentary UK current and euro IBAN accounts. Currency exchanges in 24 different currencies, up to £5,000 a month, come without fees. Additionally, monthly cash machine withdrawals up to £200 are also fee-free.
Revolut goes beyond by offering premium subscription plans, unlocking elevated thresholds for fee-free transactions. Moreover, these subscriptions grant users instant access to crypto-currencies, cash back rewards, and even premium services like travel assistance and concierge.
While Revolut currently operates within Europe, ambitious plans are in motion for expansion into North America, Australia, Singapore, and Hong Kong.
Notably, Revolut's journey started beyond the traditional banking realm. However, December marked a significant milestone with the European Central Bank granting Revolut an EU banking license. The quest for a complete UK banking license remains on the horizon.
In the world of startups, Revolut stands tall as a tech "unicorn" – a prestigious title awarded to private ventures valued at over $1 billion (£740 million).
Comments