{"id":18732,"date":"2023-05-30T14:30:33","date_gmt":"2023-05-30T12:30:33","guid":{"rendered":"https:\/\/www.recharge.com\/blog?p=18732"},"modified":"2024-11-04T15:36:56","modified_gmt":"2024-11-04T14:36:56","slug":"what-is-revolut","status":"publish","type":"post","link":"https:\/\/www.recharge.com\/blog\/en-gb\/ie\/what-is-revolut","title":{"rendered":"What is Revolut?"},"content":{"rendered":"

If you’re looking for an alternative to traditional banks, you must find many options for <\/span>online banks<\/b>. They are convenient, have lower fees, have global access, and are usually faster and easier to use. You probably have heard about Revolut, one of Europe’s most popular online banks. Countries like the United Kingdom, Ireland, France, Spain, and Poland have substantial Revolut user bases. This article will tell you everything you need to know about Revolut. Let’s dig in!<\/span><\/p>\n

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What is Revolut?<\/b><\/h2>\n

Revolut is a British fintech company that offers a range of banking services through an app-based platform. The company was founded in 2015, and its products include a prepaid debit card (MasterCard or Visa), peer-to-peer payments, currency exchange, and cryptocurrency exchange. Revolut’s mobile app supports spending and ATM withdrawals in 120 currencies, allowing money transfers in 29 currencies directly from the app. The app also provides users access to cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and XRP.<\/span><\/p>\n

In Revolut, you can find four different plans. Each has various benefits, and you can <\/span>compare them on their website.<\/span><\/a> The plans are:<\/span><\/p>\n

Standard –<\/b> Free<\/span><\/p>\n

Whether you’re looking to save money spending abroad or sticking to your budget with our built-in budgeting, get more from your money, get more from your money from the Standard account.<\/span><\/p>\n

Plus –<\/b> \u20ac2,99 \/ month<\/span><\/p>\n

Give your everyday finances a boost. Get More out of your money for less than the cost of a coffee.<\/span><\/p>\n

Premium –<\/b> \u20ac6,99 \/ month<\/span><\/p>\n

Upgrade to a global lifestyle. Get the confidence to spend, invest, and save smarter globally.<\/span><\/p>\n

Metal –<\/b> \u20ac12,99 \/month<\/span><\/p>\n

Unlock your money’s potential. Make your money work for you with 3% interested paid daily on savings, cashback, low-fee crypto and much more.<\/span><\/p>\n

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Why use Revolut?<\/b><\/h2>\n

There are some excellent reasons why you can benefit from Revolut. The app is easy to use since it was designed to be user-friendly. You can manage your money and control your budget like a pro on your smartphone. Besides that, Revolut also supports over 150 currencies, making it convenient for travellers.<\/span><\/p>\n

Speaking of travelling, another benefit of this bank is that it has no foreign transaction fees, so that you can spend in the local currency without worries. It lets users buy, hold and sell cryptocurrencies directly from the app.<\/span><\/p>\n

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Why not use Revolut?<\/b><\/h2>\n

Revolut is the ideal bank for most people searching for an online bank. But it doesn’t mean that there aren’t disadvantages. Here are some of them:<\/span><\/p>\n