When it comes to moving money abroad—and managing your finances all in one place—Revolut stands out as a digital banking pioneer. In this review, we’ll explore how Revolut works, its fee structure, standout features, pros and cons, transparency credentials, and customer support.
Why Revolut Shines
- Interbank Exchange Rates – Access true mid-market rates on weekdays, with transparent small mark-ups on weekends.
- Low, Predictable Fees – Spend abroad fee-free up to £1,000/month; transfers incur a flat €0.50 fee above that, with free peer transfers.
- All-In-One Financial Super-App – Beyond transfers, enjoy multi-currency accounts, crypto trading, budgeting tools, and stock investing.
- Instant, Global Transfers – Send money to other Revolut users instantly and to bank accounts in 30+ countries within minutes.
- Regulated & Secure – Licensed by the UK’s FCA, EEA regulators, and backed by $1.7 billion in funding from top VCs and investors.
How Revolut Work
- Sign Up & Verify
- Download the Revolut app (iOS/Android) and open a free multi-currency account in minutes.
- Complete identity verification with a photo ID and selfie.
- Top Up Your Account
- Add funds via bank transfer, debit/credit card, or instant bank-linking (via open banking).
- Exchange & Send
- Exchange currencies at interbank rates during market hours, then send to other Revolut users instantly or to external bank accounts.
- Track & Manage
- View exchange rates live, track pending transfers, and automate recurring payments in-app.
Transfer Fees & Exchange Rates
- Interbank Rates: 0% markup on weekdays for major currencies up to £1,000/week; 0.5%–1% markup on weekends and on amounts above threshold.
- Flat Transfer Fee: €0.50 for transfers outside the free allowance, regardless of size.
- Free Peer Transfers: Send to any Revolut user globally with zero fees and instant delivery.
- Premium & Metal Plans: Higher monthly limits and zero weekend mark-ups for subscribers.
Key Features
- Multi-Currency Wallet: Hold and exchange 30+ currencies in one account.
- Overseas Spending: Fee-free card spending worldwide up to your plan’s limit.
- Crypto & Stocks: Buy, hold, and sell cryptocurrencies and fractional stocks directly in-app.
- Budgeting & Analytics: Set spending targets, view categorized insights, and receive instant spending alerts.
- Vaults & Savings: Round-up spare change, set up recurring “vault” deposits, and earn interest in selected markets.
Pros & Cons
| Pros | Cons |
|---|---|
| ✓ Interbank Rates – Best FX pricing available | ✗ Weekend Mark-ups – Small fees on off-hours |
| ✓ All-In-One App – Banking, investing, crypto | ✗ Account Limits – Free tier caps on FX amounts |
| ✓ Free Peer Transfers – Instant to Revolut users | ✗ Customer Support – Chat support can be slow |
| ✓ Rich Features – Budgeting, vaults, insights | ✗ Emerging Service – Occasional app bugs |
Transparency & Trust
Revolut adheres to stringent compliance and security standards:
- Licensing: FCA-authorized in the UK, EEA e-money license, and registered money services business in the U.S.
- Funding & Investors: Raised over $1.7 billion total, backed by Index Ventures, DST Global, Ribbit Capital, and TCV, valuing Revolut at over $33 billion.
- Security: Full 2FA, biometric login, disposable virtual cards, and real-time fraud monitoring.
Customer Service & User Reviews
- App Store Ratings: 4.7 ★ on iOS, 4.5 ★ on Android across 1 million+ reviews.
- Support Channels: In-app chat (bot-powered, escalated to human), email support, and community forums.
- Community Feedback: Users praise the value and convenience but suggest improved live support response times.
9.3
RemitReview Score
Transparency
10
Exchange Rate
9.5
Transfer Fee
9
Transfer Speed
9.5
Supported Currencies
9
Customer Satisfaction
8.8
Conclusion
For those seeking a smart, versatile, and cost-effective way to transfer money internationally—and manage their finances in one place—Revolut delivers unmatched value. With true interbank rates, a rich suite of features, and a global user base, Revolut sets the standard for digital banking and money transfers.
Ready to upgrade your money management? Sign up for Revolut today!
