- Revolut scores very highly on Good Money Guide for both customers and experts, particularly as a cheap and easy banking app.
- Customers rate Revolut it 4.6/5 from over 500 reviews, where users often praise the app’s convenience, low costs and ability to manage spending, transfers, investing and crypto in one place.
- Experts highlight Revolut as a fast-growing fintech offering banking, payments, FX, investing and crypto services to tens of millions of users globally, with an easy-to-use and innovative platform.
Revolut Customer Reviews
Tell us what you think of this provider.
quick and easy
quick and easy
5/5
suits beginners and casual investors…
suits beginners and casual investors who value ease of use and low fees, but it may not meet the needs of more advanced investors due to its limited investment options and tools.
Reliable support when traveling
Reliable support when traveling
Very cheap trading costs
Very cheap trading costs
very good for currency conversions
very good for currency conversions
Never used
Never used
Great for using abroad for…
Great for using abroad for conversions
N/A
N/A
I havnt used this for…
I havnt used this for investment but as current account
Excellent range of currencies
Excellent range of currencies
Really good benefits and ease…
Really good benefits and ease of use
I am yet invest as…
I am yet invest as it is a recent account.
Good
Good
No thought
No thought
Basic
Basic
Easy to use and operate…
Easy to use and operate in a number of currencies
Easy to use great for…
Easy to use great for everyday use
OK as long as you…
OK as long as you dont want crypto
Good
Good
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
-
Pricing
(5)
-
Market Access
(4.5)
-
Online Platform
(5)
-
Customer Service
(5)
-
Research & Analysis
(4)
Overall
4.7
Is Revolut good for business banking?
Our Revolut business banking account review explains the fees, features, multi-currency tools and safety of the account, and whether it’s a good choice for UK startups and international businesses. Richard BerryRichard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a
Revolut is coming to America
Revolut Has Applied For A US Bank Licence Revolut has taken a major step toward expanding in the United States after filing for a national bank charter with U.S. regulators, but the move also raises an important question: can American citizens actually use Revolut yet? The global fintech, which now serves more than 70 million
Is the Revolut savings account interest rate worth upgrading to Ultra?
Revolut’s savings account is pretty good, even on the free plan, paying 3% interest for those who want simple, instant access savings with daily interest payments. But to get the 4% headline rate, you need an Ultra subscription. We take a look to see if it is worth upgrading. Revolut’s Instant Access Savings account offers
Revolut Mortgages: Everything You Need To Know
Can you get a mortgage with Revolut? No, Revolut does not offer mortgages in the UK, but using it as a bank account will not stop you from getting a mortgage. Mainstream mortgage providers can use Revolut banking statements as evidence of income and spending to approve mortgage applications. If you need a mortgage in
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 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
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 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
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, which it plans to shortly expand to other markets Under the new feature customers will be able to space payments out over three, six, nine or 12-months at a discounted interest rate. Multiple purchases can
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 securely. This offers a secure method to call Revolut Customer Support, directly through the Revolut app, and represents a new security measure to help customers uncover impersonation scams. It also makes contact between customer support
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. Roughly 4000 users of crowdfunding platforms Republic and Crowdcube will have the opportunity to sell their stakes in the company for $865.42 per share, City AM reported earlier this week. In a letter to investors,
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 Conduct Authority (FCA). But how does it compare to other UK share investing apps. The London-headquartered fintech has been authorised by the FCA to operate as an investment firm, allowing it to expand its services
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.
