- Revolut is highly rated in both expert and user reviews, boasting an average of 4.6/5 from 518 user reviews. Users appreciate its user-friendly app and low-cost services, while experts highlight its innovative features for banking and investing. However, concerns about the lack of full banking protections and limited investment options have been noted.
- Experts commend Revolut for its easy-to-use platform and competitive pricing, rating it highly across various criteria, including customer service and online platform usability. However, they caution that as an e-money institution, it lacks the same protections as traditional banks, which may be a consideration for potential users.
- Users frequently praise Revolut for its seamless transactions, excellent customer service, and ease of use, particularly for international money transfers. However, some users express frustration with account management issues and a perceived lack of support during problems, indicating a mixed experience regarding customer service responsiveness.
Highly Recommend
Amazing online banking, with so many extras. Its perfect for bankers and traders all in one hub.
Great customer service with quick response.
Good
miroiuvasile48@gmail.com
Bank
Superb app and bank never had any problems
The Best Mobile Banking App Available
Breath of fresh air, the rewards are great, especially having an BA Amex I can transfer rev points to avios and with spare change and descent online shopping partners we are all going to actually use where you can earn up to 20x extra point. One point would be to have the facility to have more than one account number with an associated card beyond that offered with a joint account, I’m sure this will be a future addition not sure the point of setting up multiple cards and having them active if they a linked to same cunnent .
Yop
Best
Instantaneous
I love how payments snd refunds etc are instant! In this day and age this is how it should be!
Best online banking app
Had Monzo and has caused me nothing but problems worst online banking experience ever since then switched to revolut always some one to help me with no issues whatsoever.Hands down best customer care and 24/7 help when I’ve needed 10/10
Love it
Best application fast processing is good
Contentment and satisfaction.
Easy to use account that opens up new possibilities for you. Possibility of multiple accounts with different currencies and good exchange rates. I have already recommended to several people and will definitely continue to do so.
The best online banking
Best online banking, easy to use.Good exchange rate, perfect use when you go in holiday!!!
On the ball
The bank that’s on the ball, simple and fast
I like it
It is very good, and helpful. It covered all my needs, kindly and professional customer service. Really Like it.
Amazing
Way better than other online app in 🇬🇧
Super user-friendly
It makes it easy to track my spending and manage multiple currencies without the usual fees. I love the instant notifications for transactions, it helps me set a budget.
Amazing
The best on line bank
Amazing online bank
Good service and excellent rates
love it!
way better than any other online banking app
Revolut exceeds expectations
A positive experience!
A simple and affective process. No hidden costs.
Ok
Ok
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
4.7Tell us what you think of this provider.
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.
