- 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.
Good service
Very good service
Great app
Easy and fast
Great banking app, use it for spending abroad, kids accounts and investments.
Really easy to use. For a very reasonable rate it gives me great value in terms of free currency transfers, some free investment transactions which are really easy to access. Also really good kids card accounts which are all included.
Professional services and professional team
Try revolut account and trust me, you will see,never let you down.
In few years I didn’t have one problem, everytime I make transaction at an th hour.
Transfer on-line or pick up for cash machine.
Love it
Really easy to use and set up
Amazing
Very nice
Car insurance
Car insurance
Simplified Borderless Financial Institution
With a single Revolut registration you have access to multiple currencies. Currencies conversion within the app is awesome. Extension of services to Africa and Asia will make Revolut truly global. As an AI/DS enthusiast, I’d love to be part of the Revolut revolution.
Revolut is simply revving up the evolution of financial transactions.
Revolutionary
Amazing bank!
Very good
Easy to use ap and fast money transfers
Brilliant
An innovative way to spend and save
Revolut provides an innovative way to spend and save with it’s great features and an excellent app to track expenditure.
Geared towards a good experience with banking
Allows me to hold money in different currencies and therefore I can exchange at optimum times to suit my plans
Best online bank
This is far the best app to use for online banking.
Revolut is great
Best online bank I have used to date
Ułatwiające zycie
Jest proste w obsłudze. Korzystam jako główne konto. Jest bardzo użyteczne.
Most useful
Great
Great bank
Amazing bank for holiday and everyday use, great rewards and savings
Excelent
Fantastic bank
Excellent Performance
Revolut has been consistently delivering excellent performances since I have joined.
Great
So easy to use and quick transactions. I use Revolute for all my daily banking and for travel.
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.
