Have you heard of the Revolut prepaid card yet? It is a novelty launched in 2015.
Revolut is essentially an app that allows the use of money all over the world, without the annoying commissions that are usually applied by banks.
The idea of founder Nikolay Storonsky, as he himself tells Forbes, was born thanks to his numerous trips, during which he had to lose hundreds of pounds in foreign transactions and exchange rates. Storonsky has a financial background and had a clear idea of what rates he should expect, but his expectations were constantly exceeded, demonstrating how banks took advantage of the situation.
It is at this point that Storonsky starts looking around to find a card that was multi-currency. But his searches do not produce the desired results.
Hence Revolut was born, from the minds of Nikolay Storonsky and Vlad Yatsenko.
From personal IBANs for sterling accounts, we then moved on to those in euros, and today we are at 3 million users for Revolut!
But what does this miraculous card do?
Revolut – Why is it convenient?
Revolut plays against the traditional banking system, famous for the commissions applied, but also for a service that is not always satisfactory.
The Revolut team is made up of a series of technology and financial services experts, as well as masters in the design sector, and together they strive to make the experience as user-friendly as possible, adding significant benefits in terms of savings and more to the package.
Here are the possibilities for Revolut account holders:
The digital revolution of Revolut
Revolut is first and foremost an app, currently available exclusively for Android and iOS devices.
When you decide to open a Revolut account, you need just a few seconds, as there are no endless bureaucratic steps. The app is really simple and intuitive, which is why many users have chosen to opt for this account.
In addition to the technology that is decidedly in step with the times, Revolut offers a prepaid card from the Mastercard or VISA circuit.
In your Revolut account, you can receive money from a friend, but also your salary!
Request your contactless prepaid Mastercard.
Just download the app and enter your data, connecting your account.
International transactions on your Revolut account
With Revolut, you can also spend abroad without incurring annoying fees, in 130 different currencies. You can also withdraw money at the counter, within the limits indicated for each available card. And every customer can save a certain amount, as the fees of traditional banks are not applied here.
It is also possible to make international transfers in 24 different currencies without paying the exaggerated fees that you would expect from your bank.
And all in total security, whether you have the Standard, Premium or Metal card.
All from your smartphone.
To give an idea of the difference between the cards currently available, know that you will be able to withdraw
- $200 a month with the Standard card, which costs nothing;
- $400 with the Premium card, for which you pay a certain monthly fee;
- $600 with the new introduction, which is the Metal card, for which you also pay a certain monthly fee.
Compared to the benefits that a Revolut account provides, these costs are negligible.
Revolut – Not just a simple account
In addition to spending abroad without paying fees, Revolut helps you keep track of your monthly expenses. It keeps you updated on how much and where you spend, and helps you not exceed a certain threshold that you can set yourself, month after month.
As we have said, Revolut was born from the needs of a traveler.
Why not start saving money for your next trip, thanks to the special Revolut feature? There is indeed a really useful option that allows you to set aside the difference in money spent for any transaction. If you pay $4.70, for example, Revolut can save the 30 cents difference that is missing to reach $5, so that you can withdraw them without fees on your next trip, wherever you decide to go.
And travel insurance is a must! Another option that Revolut offers its customers who are also… chronic travellers.
In addition to your backpack, you just need to take your smartphone with you, with Revolut. And you can ensure that too!
Revolut - A modern app, a universal multi-currency account, ... up to cryptocurrencies!
With Revolut you can buy cryptocurrencies such as bitcoins , Ethereum, Litecoin, Ripple and others.
You can follow the trend of cryptocurrencies in real time, from anywhere in the world, and carry out the transactions you want with them.
In short, transferring or receiving money directly from your telephone contacts in real time, instantly, is possible. All from your smartphone, with Revolut, and for free.