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Overview

Description

Revolut is a global financial technology company and neobank headquartered in the United Kingdom. It offers a comprehensive digital banking alternative, featuring multi-currency accounts, debit and credit cards, stock trading, cryptocurrency exchange, and international peer-to-peer payments.

General Info

Address
7 Westferry Circus, Canary Wharf, London, E14 4HD, United Kingdom
Phone number
+44 20 3322 8352
Identification number
12871051
CEO
Francesca Carlesi
COB
Martin Gilbert
Email
support@revolut.com
Full name
Revolut Ltd
Name
Revolut UK
Website
https://www.revolut.com/
Social Media
SWIFT code
REVOGB2LXXX
Year of foundation
2013

Overview

Features
ATM support, Cryptocurrency exchange, Cryptopayments, Currency exchange, Expense Management Tools, International Transfers, Overdrafts
Supported languages
Bulgarian, Croatian, Czech, Danish, Dutch, English, Estonian, Finnish, French, German, Greek, Hungarian, Italian, Japanese, Latvian, Lithuanian, Norwegian Bokmål, Polish, Portuguese, Romanian, Slovak, Slovenian, Spanish, Swedish
Mobile App
iOS, Android, Web, Api
Commissions
Low
Products
Loans - Consumer loans, Payment Cards - CashbackCard, Payment Cards - Crypto, Payment Cards - Prepaid, Payment Cards - Travel, Time Deposits, Trading accounts
Crypto-Friendly

Risk Acceptance Level
Low risk
AML Tolerance
Low
Account Currency
AED, AUD, BGN, CAD, CHF, CLP, COP, CZK, DKK, EGP, EUR, GBP, HKD, HUF, IDR, ILS, INR, ISK, JPY, KES, KPW, KZT, MAD, MXN, MYR, NOK, NZD, PEN, PHP, PLN, RON, RSD, SAR, SEK, SGD, THB, TRY, USD, VND, ZAR
International Transfers
ACH Transfers, CHAPS Transfers, Faster Payments, SEPA / SEPA Instant, SEPA, SWIFT
Card Networks / Card Schemes
Mastercard, Visa
Company Type
Bank, Card Issuer Processor, Digital Bank, Digital Wallet, EMI, Open Banking Provider
Customer Segment
Individuals, Legal Entities
Business focus
API Banking, Card Acquiring, Card Issuing, Card Processing, Cross-border Payments, Digital Banking, Embedded Finance, FX, Merchant Payments, Merchant Services, Open Banking, Payment Gateway, Payment Processing, Treasury
Country of registration
United Kingdom
Regulators
FCA
Authorities
FCA
License type
Retail and Commercial Banks

Area served

South America
Brazil
North America
United States
Europe
Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom
Australia and Oceania
Australia, New Zealand
Asia
Japan, Singapore

Pros & Cons

Pros

  • Instant Virtual Cards. Instant issuance of virtual cards right after opening an account or in just a few clicks

  • Direct Integration with Exchanges. Direct integration or partner gateways with popular crypto exchanges (fast and cheap deposits/withdrawals)

  • Remote Account Opening. Ability to open an account entirely online (including video verification) without visiting a branch. Crucial for non-residents

  • Multi-Currency Accounts. Ability to open and conveniently manage accounts in different currencies within a single dashboard

  • Fast International Transfers. Fast processing of international transfers (SWIFT, SEPA, etc.) with minimal delays

  • Cashback & Rewards. Loyalty program offering high cashback percentages or bonus miles on purchases

  • Crypto-Friendly Policy. Favorable stance on cryptocurrency transactions, with no account freezes for P2P transfers and exchange transactions

  • Zero Account Maintenance Fees. No monthly account maintenance fees (with no hidden conditions)

  • High Savings APY. High interest rates on savings accounts and deposits

Cons

  • High Card Issuance/Delivery Fees. Expensive fees for physical card issuance or delivery (especially international)

  • No Remote Onboarding. Inability to open an account remotely, requiring mandatory personal presence at a bank branch

  • Hidden Fees & Commissions. Presence of non-obvious fees (for bank statements, account inactivity, SMS alerts, etc.)

  • Low Interest Rates on Deposits. Extremely low, near-zero interest rates on deposits and savings accounts

  • Slow Customer Support Response. Slow customer support service, long response times in chats, or extended waiting times on the line

  • Strict Account Minimums. Requirement to maintain a high minimum account balance to avoid penalties or fees

  • Strict Crypto Restrictions. Strict policy regarding cryptocurrencies: account freezes for transactions related to crypto or P2P

  • Expensive International Wire Transfers. High fixed fees or unfavorable exchange rates when sending or receiving international wire transfers

  • High Out-of-Network Fees. High fees for cash withdrawals at out-of-network ATMs or abroad