- 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.
User friendly design and easy to use
Revolut has been extremely easy to figure out, feel safe in keeping my money with them.
They have a simple ui and is designed to be easy to use.
There’s also amazing points scheme and rewards.
The sign up referral is also enticing way to get friends on!
Also has helped me with my investments
I think this is a great company.
I can sent and recieve money instantly at any time and never have any problems withdrawing or anything, its amazing!
Consistently Excellent
It is genuinely astonishing how capable the customer support on this app is. When you need any sort of help with banking, Revolut reliably deliver assistance where needed and definitely cover all points asked about. It’s refreshing seeing support that feels like you’re actually being addressed properly and not being delivered an automated script. Furthermore, the app itself is fantastic. Very modern, easy to navigate, and user friendly for all age groups and tech literacy. Few apps reach that level of consistency, and I feel Revolut have indeed achieved that. Well done.
All round excellent service
An excellent service provided. And ap very easy to use.
Excellent
Excellent
Revolut is good for every day use.
Easy to transfer, easy to acces your account. You can use all global money.Small amount of fee.
Everything in one account
I moved to Revolut after trying for a while. It has everything I need all in one place. I use trades and crypto connected to other wallets and invest while saving . Perfect and the Metal card is pretty neat and snazzy ! Very easy to use and fits my lifestyle to boot.
Top
Very nice bank and easy to use.
Good quality
Good, fast and efficient online banking
Amazing
Brilliant is the only word for this bank.
Great alternative to monzo etc
Much easier to use, less dodgy anecdotal experiences of users
Amazing bank
Does everything I need
Great for overseas spending
Fantastic for our trip to Vegas. Spend like a local
Good for spending
I used revolut to online spend in shops as a way of saving on my spends
Great app
Very easy to use
Good to use
It really good
Revelot
I really like it
Nice
Is the best bank
Best internet banking
Very easy to use
+++++
+++++
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.
