Revolut is a bank account in an app that holds dozens of currencies and converts them cheaply, good for travel and shopping abroad. Support is mostly chat, and automated security checks and compliance reviews are operational factors to consider.
Best in FeesBest in Transaction speed
Founded
2015
Based in
London, United Kingdom
Business model
Digital bank and multi-currency account
Available in
22 countries: United Kingdom, Ireland, France, Germany, Spain, Italy, Netherlands, Belgium, Portugal, Poland, Austria, Switzerland, Sweden, Norway, Denmark, Finland, United States, Brazil, Japan, Singapore, Australia, New Zealand
Score by criterion, against the category
The tick on each bar is the category average; the signed number is the distance from it.
Security84-5
Fees84+12
Transaction speed90+3
Spending insight and fraud detection84+2
Acceptance and coverage80-6
Good fit for
Travellers who want a card with cheap currency exchange
Anyone who needs a multi-currency account and fast international transfers
Budgeting and savings in one app
Less suited when
People in Iran; Revolut is not available there
Anyone who wants branches and in-person support
Strengths
Multi-currency account with low-cost exchange within the plan allowance
Open an account in minutes in the app
Disposable virtual cards for safer online shopping
Instant transfers between Revolut users
Opportunities for improvement
Can improve by streamlining complex dispute escalation between chat and dedicated agents
Opportunity to clarify document requests proactively during compliance checks
Room to reduce weekend foreign exchange markup spreads for global travelers
Verdict
One of the best accounts in the world for travel and multi-currency money; keep it as a second bank, not your only one.
What Revolut actually is
Revolut started in London in 2015 with a travel card and cheap exchange, and is now a digital bank with accounts, cards, savings, stocks and crypto in one app. Its role is close to Blu Bank's in Iran, with currency features.
What you pay and what you get
The free plan covers the basics; paid plans raise exchange allowances and add features. Exchange is cheap during market hours and within the plan allowance.
Where it is strong
Fast account opening, currency exchange and instant transfers between users make it well suited to travel and life across several countries.
How it can improve, and what we could not verify
Support is slow in disputes and account freezes. Licences and features differ by country; the countries listed are only those where Revolut's presence was clear.
Questions about Revolut
Is Revolut a real bank?
It holds a banking licence in many European markets; licence status varies by country.
Does Revolut work in Iran?
No; in the Iran view, Blu Bank covers this space.
Is Revolut's exchange really cheap?
During market hours and within the plan allowance, yes; at weekends and above the allowance, fees apply.
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Disclosure: Seemerce is developing products in some of these same areas (Seemerce Infinity). Scores are editorial assessments by Seemerce based on public information. Companies can send corrections or a reply to mahdiparto94@gmail.com. Names and logos belong to their owners and are used only to identify them; Seemerce is not affiliated with or endorsed by them.
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