It is the fastest growing digital bank with the widest variety of features. Frozen Bank Revolut… A leading option for those who travel often. Nevertheless, in the UK it may not be able to completely replace your bank.
While at the time of writing it is not operating as a bank, it is gradually becoming one, having received a challenger bank license from the European Central Bank in December 2018. In early 2021 it also applied for a UK banking license and a bank charter in the United States.
today we’re going to be examining with the objective to help you answer questions like need to you get a account and how will it benefit you and to do this we’ll be taking a look at how e rated on our monito rating and what resulted in us providing an 8.6 this will assist us choose whether we can trust with our cash as
Is Frozen Bank Revolut the world’s first global financial superapp?
well as get a clear photo of their services and benefits their fees and currency exchange rate and also see how their customers rate established in 2015 is a private company with over 2 000 employees they’re an award-winning business and in 2020 won the uk tech awards for company of the year since december 2021 their accounts and cards are readily available to clients living in the uk us eu and eea countries australia singapore switzerland and japan unfortunately no canada or new zealand however brand-new zealand is looking likely in the near future if you visit their website they say they have a banking licence which was granted by the european central bank in poland and lithuania this enables them to use banking services in a number of european countries consisting of bulgaria croatia romania slovenia as well as france italy and portugal and more however they’re yet to be granted a banking license in the uk the us or anywhere else they run but even if they’re not a conventional bank and don’t have a banking license
in particular nations doesn’t suggest your cash isn’t safe are in fact required to protect your money with bigger financial institutions with a bank like lloyd’s or barclays so if were to go bust your money would be safe and because of this and the reality they’re totally regulated by the fca in the uk and licensed as a bank in specific european countries we scored an 8.9 for trust and trustworthiness with over 16 million consumers already trusting with their cash we think you can definitely trust them with yours has been very innovative when it comes to banking their mobile app unlike conventional banks is distinct beautifully designed and truly stands out for its numerous functions and offerings when you at first sign up you’ll be asked to pick a plan there are four offered requirement which is totally free plus premium and metal these are their costs in the uk but they may vary depending upon where you lie the essential offerings of are readily available throughout all plans that includes a bank account with its budgeting and automated savings benefits currency exchange
international spending atm withdrawals fast and basic cash transfers including bill splitting so you can quickly request and send out cash as well as stocks and crypto trading however the different plans will use you greater benefits within each of these fundamentals for instance the more costly to prepare