Our experts answer readers' banking questions and write unbiased product reviews (here's how we assess banking products). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.
Revolut Banking Review
You may like
Revolut: Pros and Cons
| Pros | Cons |
|
|
Methodology: How We Reviewed Revolut
In our Revolut review, we rated the app's accounts looking at features like minimum opening requirements, monthly service fees, and customer support. Learn more about our methodology for rating bank accounts.
Revolut Account
The
You might like this account if you prioritize international financial services. You can easily spend money internationally by making an ATM withdrawal in over 150 types of currency. The account also allows you to make one fee-free international or domestic wire transfer per month with the Standard plan, three with the Premium plan, and five with the Metal plan.
The
Revolut Savings Vault
When you open a Revolut account, the mobile app also lets you open a
How Revolut Works in the US
Revolut is a British fintech company with an international finance and investing app. Access to certain app features will depend on your monthly plan. Here's an overview of the US plans:
| Standard (Free) | Premium ($9.99 per month) | Metal ($16.99 per month) |
|
|
|
Revolut's mobile app is rated 4.5 out of 5 stars in the Google Play store and 4.7 out of 5 stars in the Apple store.
The Revolut Account and Savings Vault are FDIC insured by Metropolitan Commercial Bank.
Revolut Trustworthiness and BBB Rating
We use ratings from the Better Business Bureau to help determine how a business deals with customer issues. Revolut has an F rating from the BBB due to 73 complaints filed against the business and two unresolved business complaints.
A poor BBB rating isn't necessarily the be-all and end-all. To get a better understanding of whether Revolut is right for you, talk to customers or read online customer reviews.
Revolut Customer Service
Revolut customer support is available 24/7 through the platform's live chat. Revolut only has an automated phone system, so if you have any questions about the app's services and aren't a customer yet, you'll have to search through the FAQ section or send an email.
Revolut Review vs. Qapital Review
Revolut and Qapital are two mobile money management platforms. Both Qapital and Revolut stand out as alternative options to the traditional brick-and-mortar bank.
You may prefer Revolut if you'd like to avoid paying international transfer fees. Most banks charge between $40 to $50 per international wire transfer. Revolut provides one fee-free international or domestic wire transfer per month with the Standard plan, three with the Premium plan, and five with the Metal plan and charges a lower fee if you exceed the monthly free limit.
Qapital may stand out to you if you're looking for ways to save. While Revolut lets you establish personal goals through Vaults and round up prepaid debit card purchases, Qapital provides a plethora of tools called Rules. You can use the 52 Week Rule to save $1,378 during a year or reward yourself with savings by tying your account to Apple Health.
Revolut Review vs. Wealthfront Review
You'll probably prefer Wealthfront if you're looking for ways to earn more interest on a bank account.
The
You might sway more toward Revolut if you frequently use ATMs. Both are connected to the Allpoint ATM network. However, Wealthfront charges a $2.50 out-of-network ATM fee, while Revolut allows you to withdraw up to $1,200 from out-of-network ATMs without charging a fee.
You also might like Revolut if you'd like to exchange currency easily. You can spend in over 150 currencies by making an ATM withdrawal through the
Revolut: Frequently Asked Questions
Does Revolut offer a Visa or Mastercard debit card?
Revolut has both a Visa and Mastercard debit card. You'll be able to see which brand you'll get through the app before you order the card. The brand you'll get will depend on your location and which type of card design you choose.
Is Revolut available in the US?
Yes, Revolut launched in the US in 2020.
Is Revolut FDIC insured?
The Revolut Account and Savings Vault are FDIC insured by partner banks. You may safely keep up $250,000 in an individual account, and your money will be protected even if a bank shut down.
Can I transfer money from my Revolut to a bank account?
You can transfer money from a Revolut Account to another account. However, the Savings Vault only allows you to transfer money to your Revolut Account.
What are Revolut card usage limits?
You may withdraw up to $3,750 per day from an Allpoint ATM.