Overview
Revolut, established in 2015 in the UK, has rapidly ascended to become a leading global financial technology company and a prominent challenger in the digital banking landscape. Its ambitious mission is to construct a comprehensive "global financial superapp" that empowers users to manage their money seamlessly and intuitively across borders. Revolut extends far beyond traditional banking services, providing an extensive array of financial tools that include multi-currency accounts, highly efficient international money transfers, sophisticated budgeting tools, cryptocurrency trading capabilities, and various lending products. All these services are conveniently accessible and managed through its remarkably intuitive and feature-rich mobile application, making it a one-stop shop for modern financial needs.
Customer Views
What They Like
Customers consistently laud Revolut for its innovative multi-currency accounts, which allow users the unparalleled flexibility to hold and exchange money in numerous currencies with highly competitive exchange rates, making it ideal for international travelers and digital nomads. Its exceptionally efficient international money transfer services are also a major draw, simplifying cross-border payments. The comprehensive suite of budgeting and financial management tools is highly praised for empowering users to better control their spending and savings. Revolut's commitment to a fully digital, mobile-first experience and its continuous introduction of new, cutting-edge features also contribute significantly to its strong appeal and user satisfaction.
What They Dislike
However, online reviews frequently mention that customer service is primarily conducted through the in-app chat function, which can be a source of frustration for users accustomed to immediate phone support or more traditional channels for complex issues. There have also been reports of temporary account freezes due to compliance checks, which, while necessary, can cause significant inconvenience and stress for some users. Additionally, its purely digital model means it operates without a physical branch network, which might be a drawback for individuals who prefer in-person banking services.