Revolut (revolut.com) lets customers handle all things money in one app – money management, travel perks, cryptocurrency investments, send/request money with anyone in 200+ countries, and more. It also offers commission-free Stock trading.
Revolut isn’t a traditional bank account – it’s an online-only financial app. Your money is protected because deposits made into Revolut’s FDIC-insured accounts are insured up to $250,000 through partner banks. Because overhead fees are less, customers enjoy lower fees and higher interest rates.
To determine if Revolut is the best place for your money, read our comprehensive review.
Bonus offer: Get $200 cash for a new checking account with Chase…
Revolut App Review
Revolut $10 Sign Up Bonus
Use the link below to earn a $10 Sign Up Bonus when you open a new account with Revolut. To be eligible for the promotion, you must:
- Be 18 years or older and a resident of the United States (with a valid US residential address)
- Be a New Revolut Customer
To earn the Sign Up Bonus, you must make one Qualifying Transaction of $1.00 USD or more, with your Revolut physical or virtual card during the Promotion Period. The Revolut Sign Up Bonus will then be credited to your account.
This promotion is not available for Revolut Business accounts or Revolut Junior accounts.
Here’s our referral link if you’d like to use it for the offer (thanks in advance!)
Revolut App Features & Benefits
Simple money tracking. Through its assortment of analytics and budgeting tools, Revolut not only holds your money but also enables you to keep tabs on where it goes. To help you spot areas of excess, you can create purchase alerts and view your spending by category.
Earn rewards when using your Revolut card. You can receive cash back on your purchases when you use your Revolut card at certain retailers. Revolut also provides discounts at some merchants.
Purchase cryptocurrency. Revolut enables you to easily purchase, sell, and send a number of well-known cryptocurrencies*. You can also set up price notifications for coins.
Early access to your paycheck. Customers of Revolut can receive their direct deposit up to two days earlier than those of many other financial services*
* Subject to timing and eligibility of payer’s submission
Zero fee ATM withdrawals. Customers have access to 55,000 fee-free in-network ATMs nationwide. Revolut does not charge fees up to $1,200 per month in out-of-network ATMs*
* Third party fees may apply
Amazing travel benefits. Travelers will value the numerous benefits Revolut provides, such as currency exchange, the ability to pay in a variety of currencies with your Revolut card, international medical insurance, delayed luggage and flight insurance, and free access to airport lounges for you and up to 3 friends in case your flight is delayed by >1 hour*
* Paid plans only. See Terms & Conditions for details
Helps you budget. Revolut connects to your other bank accounts, so you can manage all your finances from the app.
Accessing Your Money With Revolut
You can deposit money in the following ways:
- Direct deposit
- Electronic bank transfer
- Apple Pay
- Google Pay
- Wire transfer
You can withdraw money in the following ways:
- Electronic bank transfer
- Using your Revolut card at a store or ATM (55,000 fee-free in-network ATMs)
- Send money to other users in the app
- Wire transfer
Who Is Revolut Best For?
Revolut is good for customers that want currency exchange features, enjoy online-banking services, and are okay with holding a traditional checking account elsewhere.
For individuals looking for a consolidated app to manage several facets of their finances, the Revolut app is a great option. As a result of the numerous travel-related benefits offered to its paid users, it’s also a wonderful fit for foreign travelers. U.S. customers can also enjoy commission-free Stock trading.
What Could Be Better With Revolut?
- The APY isn’t nation-leading. The APYs offered by Revolut’s free and premium plans are higher than those offered by traditional institutions. However, they lag behind the rates offered by the top online savings accounts.
- Certain features exclusive to paid plans. Revolut has a free plan, but you’ll need to pay a monthly charge if you want some of its more distinctive features, like its travel benefits. You can pick the paid plan that best suits your requirements and financial situation.
Types of Revolut Accounts
Revolut offers three pricing plans – Standard, Premium and Metal.
- Standard is free
- Premium is $9.99/month
- Metal is $16.99/month
Popular European banking app Revolut is making waves in the United States. It’s well-designed and has neat features like currency exchange, rewards and cash back on top brands, and trade crypto without fees up to $200,000 a month.
Revolut provides prepaid cards for use in transactions in addition to “savings vaults” where users can store money and earn interest.
The mobile-focused accounts from Revolut also enable you to send and receive money in different currencies. Revolut offers premium monthly subscription plans starting at $9.99 as an upgrade. These plans include improved perks including international medical insurance, free lounge passes, 10 fee-free international transfers per month, and more.
Chime is another mobile bank. They’re currently offering a $50 bonus for new members, as well as $50 referrals.
Please note that Revolut is frequently updating its products and features, see the Revolut Terms and Conditions for the latest offerings.
Revolut is a financial technology company. Banking services provided by Metropolitan Commercial Bank (Member FDIC).
*All crypto fees and features are for customers based in the USA only. Revolut’s cryptocurrency services in the US are provided directly by Paxos Trust Company. As a reminder, please note that cryptocurrencies are not FDIC or SIPC Insured and that investments in cryptocurrencies may lose value. Metropolitan Commercial Bank does not hold, trade or sell cryptocurrency and does not provide FDIC Insurance for cryptocurrency funds. Non-fiat funds (i.e. cryptocurrency) are converted to US Dollars before being spent on the Mastercard.
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