Revolut Review 2022 (Is it for everyone?)

Welcome to my 2022 Revolut review

If you are like me, you are always looking for ways to make your money go further. I am a student and I work part-time, so I am always looking for new ways to save money.

Recently, I discovered Revolut and it has revolutionized the way that I think about my finances. In this article, I will review Revolut and explain why it is such an amazing tool for budgeting and saving money. Stay tuned for more information!

Revolut Review 2022

Here we go!

How does Revolut work?

Revolut is a financial technology company that offers banking services. These include prepaid debit cards, currency exchanges, and peer-to-peer payments. The company also offers a mobile app that allows users to manage their accounts and make transactions.

Revolut was founded in 2015 and is headquartered in London, United Kingdom. The company has over 3 million customers and is available in over 30 countries.

Using the Revolut app, customers can order a prepaid debit card, which can be used to make purchases online and in-store. The card is linked to the customer’s account and funds are transferred from the account to the card when it is used.

The customer can also use the app to exchange money for different currencies. For example, if a customer is travelling from the United States to Europe, they can use the app to convert their USD into EUR.

The customer can then use their Revolut card to make purchases in Europe without incurring any foreign transaction fees. Finally, customers can also use the app to send money to other Revolut users. The transactions are processed instantly and there are no fees for sending or receiving money.

Is Revolut safe for large amounts?

When it comes to financial apps, there’s no shortage of options to choose from. But if you’re looking for a safe and reliable option for managing your money, Revolut is a great choice.

Not only does it offer a convenient way to send and receive payments, but it also has a number of safety features that make it ideal for handling large amounts of money.

For starters, all of your data is encrypted, so you can rest assured that your information is safe from hackers. Additionally, Revolut offers fraud protection and dispute resolution, so you can be confident that your money is in good hands.

And if you ever have any questions or concerns, the Revolut team is always happy to help. So whether you’re looking to send a large payment or simply want peace of mind when it comes to your finances, Revolut is worth considering.

Is Revolut a good idea?

There’s no denying that Revolut is a pretty nifty idea. Basically, it’s a financial services startup that allows you to hold and exchange multiple currencies, get access to real-time stock market data, and even make peer-to-peer payments.

In many ways, it sounds like the perfect solution for international travellers or anyone who wants to stay on top of their finances.

But is Revolut really a good idea? Well, that depends on who you ask. Some people love it for its convenience and functionality. Others, however, have raised concerns about its security and customer service.

So, ultimately, the answer to this question is up to you. If you’re looking for a convenient way to manage your money, then Revolut might be worth checking out. But if you’re worried about security or customer service issues, then you might want to give it a pass.

What are the disadvantages of a Revolut card?

The disadvantages of a Revolut card are that it’s not really a credit card, so you can’t use it for things like renting a car or booking a hotel room.

Also, it doesn’t have the best rewards program out there, so if you’re looking to get some free stuff, you’re better off with a different card. And finally, the customer service is pretty terrible- they once left me on hold for an hour trying to cancel my account.

So in conclusion, while Revolut cards have some advantages, there are also some significant drawbacks that you should be aware of before signing up.

Revolut app

The Revolut app is a game-changer for anyone who travels frequently. With its ability to hold and exchange multiple currencies, it eliminates the need for costly conversion fees.

In addition, the app offers a variety of other features that make travelling easier, including real-time tracking of expenses, budgeting tools, and instant notifications of any changes in currency rates.

Perhaps best of all, Revolut is available in over 150 countries, so it’s perfect for globetrotters who want to keep their finances in one place. So whether you’re planning your next big adventure or simply trying to save some money on your next trip, the Revolut app is worth checking out.

Revolut Card

The Revolut Card is the newest and most revolutionary way to spend your money. With the Revolut Card, you can load any currency onto the card and use it wherever you go.

The card is linked to your Revolut account, so all you need to do is top up your account and your card will be ready to use. You can also set up spending limits, so you can be sure that you’re not overspending.

And if you ever lose your card, you can block it immediately from your Revolut account. So what are you waiting for? Get a Revolut Card today!

Revolut Business

When it comes to business, there’s no one-size-fits-all solution. That’s why Revolut Business offers a wide range of features and services to suit the needs of any size business.

From simple online accounting and invoicing to more complex merchant services and foreign exchange, Revolut Business has everything you need to run your business smoothly.

And with our unique pay-as-you-go pricing, you only ever pay for the features you use. So why not try Revolut Business today? You might just find that it’s the perfect fit for your business.

Revolut Fees

When it comes to financial services, there’s no such thing as a free lunch. Or is there? Revolut is a digital banking service that offers free and fee-free bank accounts.

That’s right, no monthly fees, no annual fees, and no hidden fees. So how does Revolut make money? Well, they have a few different plans, but the most popular one is their Revolut Premium account.

For just £6.99 per month, you get all the features of a regular Revolut account, plus some extra perks like priority customer support and exclusive discounts.

Not bad for a company that doesn’t even have physical branches! But of course, nothing in life is truly free. Revolut makes money by charging businesses for merchant transactions and foreign exchange conversions.

They also generate revenue from interest on deposited funds and from ATM withdrawals (if you’re not on their premium plan). So while you may not be paying any explicit fees to use Revolut, the company is still making money off of you in other ways. But hey, that’s the price of convenience!

When Should You Use It?

Revolut is a great tool for managing your finances, but when should you use it? revolut allows you to monitor your spending, set financial goals, and make transactions without fees.

It’s a great tool for adults and children alike. So when should you use revolut? Here are some scenarios:

-When you need to keep track of your spending: revolut is great for monitoring your spending and setting budget goals. You can categorize your transactions, set limits, and track your progress over time.

This is helpful for both adults and children who are working on developing healthy financial habits.

-When you need to make a transaction without fees: revolut allows you to send money to anyone in the world without incurring any fees. This is great for making small purchases or sending money to friends and family.

-When you’re travelling: revolut is a convenient way to access your money while traveling. You can use it to withdraw cash from ATMs, make purchases in foreign currencies, and track your expenses while on the go.

So when should you use revolut? Anytime you need to manage your finances! Whether you’re trying to keep track of your spending, avoid transaction fees, or stay organized while traveling, revolut is a great tool for managing your money.

Is Revolut still safe?

If you’re wondering whether Revolut is still safe to use, the answer is a resounding yes! The company has taken steps to improve security in the wake of recent hacks, and it now offers some of the best protection in the industry.

In addition, Revolut has implemented new anti-fraud measures to keep your account safe. So if you’re looking for a secure and convenient way to manage your finances, Revolut is a great option.

What fees does Revolut charge?

When it comes to fees, Revolut is definitely not the revolting option. In fact, it’s one of the most affordable ways to send money abroad.

There are no transfer fees and the exchange rate is always the real-time rate, so you know you’re getting a great deal. The only fee you need to be aware of is the ATM withdrawal fee. If you withdraw more than £200 per month, Revolut charges a 2% fee.

However, this is still much lower than most traditional banks, which typically charge around 3-5%. So if you’re looking for a revolutionary way to send money abroad, Revolut is definitely worth considering.

Can I withdraw money from Revolut?

If you’re wondering whether you can withdraw money from Revolut, the answer is yes…sort of. Revolut is a prepaid card, which means that you can only spend money that you’ve already loaded onto the card.

However, there are a few ways to get around this. For example, you can use Revolut’s ATM withdrawal feature, which allows you to withdraw cash from any ATM worldwide. You can also use Revolut’s ‘ Cardiff’ feature to withdraw cash from certain retail locations.

So, while you can’t directly withdraw money from Revolut, there are plenty of ways to access your cash.

Is Revolut a Russian bank?

Is Revolut a Russian bank? The name would certainly suggest so. But in fact, Revolut is a British financial technology company that offers banking services. So why the Russian-sounding name?

According to Revolut’s founder and CEO Nikolay Storonsky, the name was chosen because it is “short, catchy and easy to pronounce in any language.” We can’t fault him on that last point – Revolut is certainly easy to say.

But we’re not sure about the other two claims. After all, there are plenty of other short, catchy names out there. And as for being easy to pronounce in any language… well, we’ll let you be the judge of that.

What happens to my money if Revolut goes bust?

If you’re like most people, the thought of your bank going bust is enough to send a shiver down your spine. After all, what would happen to your money if Revolut suddenly went under?

Fortunately, there are measures in place to protect your money in the event that Revolut does go bust. First and foremost, all customer funds are held in segregated accounts at major banks. This means that your money is kept completely separate from Revolut’s own funds, and so it can’t be used to cover any losses that the company might incur.

In addition, Revolut is authorised and regulated by the Financial Conduct Authority (FCA). This means that it must meet strict financial standards and adhere to strict rules on how customer funds are managed. As such, you can be confident that your money is safe even if the worst should happen.

So there you have it: even if Revolut goes bust, your money will be protected. So you can rest easy knowing that your hard-earned cash is in good hands.

Is Revolut better than PayPal?

When it comes to online payments, there are two major players: PayPal and Revolut. But which one is better? Here’s a quick comparison.

PayPal is the older of the two, founded in 1998. It’s a reliable and established company with a solid reputation. However, it’s also quite expensive, with fees of up to 3.9% per transaction.

Revolut, on the other hand, was founded in 2015 and is quickly gaining popularity thanks to its low fees (just 0.5% per transaction) and excellent customer service. It’s also very user-friendly, with an app that makes it easy to send and receive money.

So which one should you use? If you’re looking for a reliable and established company, PayPal is a good choice. But if you’re looking for a cheaper option with great customer service, Revolut is the way to go.

Is Revolut good for travelling

If you’re the type of person who hates dealing with foreign currency exchange, then Revolut is definitely worth considering for your next trip.

With Revolut, you can hold and spend money in multiple currencies without any fees. Plus, you can use the Revolut app to track your spending while you’re abroad.

And if you run into any problems, the Revolut customer service team is available 24/7 to help you out. So if you’re looking for a hassle-free way to manage your money while traveling, Revolut is definitely worth checking out.

Revolut hidden fees

If you’re looking for a revolut hidden fee, you’re out of luck. revolut doesn’t have any hidden fees – they’re all right there in plain sight. But that’s not to say that revolut is transparent about everything.

For example, they don’t make it very clear how their currency exchange rates work. So if you’re planning on using revolut to get your travel money, make sure you do your research first. Otherwise, you might end up paying more than you need to.

Conclusion

So, is Revolut worth it? In a word, yes. The features offered by the app make it an incredibly versatile tool for managing your money.

Whether you’re spending abroad or trying to save on currency exchange rates, Revolut offers excellent value for money.

Plus, with a user base of over 2 million people and counting, you can be sure that there’s plenty of support out there if you need it.

Sign up now and see for yourself what all the fuss is about!