Revolut Customer Reviews
Tell us what you think of this provider.
Q
Q
Useful on occasions
Useful on occasions
Very good
Very good
Great
Great
Good for going on holiday
Good for going on holiday
5/5
5/5
Very good app, great card…
Very good app, great card to use while travelling
Longtime good experience and cheap…
Longtime good experience and cheap trading of fractional shares
very simple user interface, not…
very simple user interface, not expensive and a favourite – pity about the lack of UK banking licence
Revolut Expert Review
Revolut is an all-in-one banking and investment app loved by millions
Is Revolut good for investing?
Revolut is a good choice for investors that want to buy and sell major shares and cryptocurrencies. No funds, or smaller cap stocks, but a good entry-level account for most investors.
One of the most commonly asked questions about new banks and fintech is if they are a safe place to keep your money. The answer is generally, yes, if they are regulated by the FCA as funds are protected by the FSCS up to £85,000. But, Revolut, is regulated as an e-money institution and not as a bank so you do not get the FSCS protection.
Revolut says that if they were to go bust, client funds would be paid out of a “safeguarding” account which is a type of ringfenced account where client funds are held. When funds are in this type of account, Revolut cannot (in theory, at least) lend them out or use them to run the business. This is how banks traditionally made money, they pay you a smaller amount of interest than they receive on the money they lend out and make a profit from the difference (among other things).
For small money transfers, Revolut is safe enough, but as with all currency conversions if you are sending over £10,000 abroad you should be using a currency broker. You’ll get much better rates, more control over when you buy and sell, help with all the AML (anti-money laundering) issues that may come up, and the ability to lock in the currency exchange rate for up to a year in advance (if you think it will move against you).
- Sending a small amount of money abroad? Compare the best money transfer apps
Pros
- Easy to use
- Low cost
- Innovative product
Cons
- New company
- Limited Range of investments
- App only
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Pricing
(5)
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Market Access
(4.5)
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Online Platform
(5)
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Customer Service
(5)
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Research & Analysis
(4)
Overall
4.7
Revolut X cryptocurrency app lets you trade 400 pairs with 0% maker fees
Richard BerryRichard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison
Revolut Staking Lets You Earn Rewards On Your Crypto Investments
Richard BerryRichard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison
Revolut raises interest rates to 5% for £540 per year Ultra account holders
Revolut has raised the interest it offers on cash held in its Instant Access Savings accounts to a maximum of
Revolut credit card instalments coming to Europe
All-in-one finance app Revolut is rolling out a new feature allowing its credit-card customers in Ireland to pay through instalments,
Revolut adds in-app calls after criticism for scam response
Revolut has introduced in-app calls, allowing personal customers of the finance platform to contact members of its customer service team
Crowdfunding wins big as Revolut backers in line for 40,000% profits
The first wave of crowdfunders who backed banking fintech Revolut could receive a payout worth 400 times their initial investment.
Revolut plans to offer AI assistant, mortgages and ATMs next year
Revolut has unveiled plans to overhaul its offering with the addition of a host of new features, including mortgages and
UK and EU stock trading is coming to Revolut
Revolut is set to enable UK and EU stock trading on its platform, after receiving relevant authorisation from the Financial
Revolut fraud response comes under Panorama spotlight
Revolut has come under the spotlight over its response to customers being defrauded, following a BBC Panorama investigation which aired yesterday.
Revolut Alternatives
There is no doubt that Revolut is one of the fastest-growing financial brands in the UK, but at the moment,
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
To contact Richard, please ask a question in our financial discussion forum.
