Kontist vs Revolut UK

Kontist

Who it suits

• Freelancers billing in euros who want a business account opened without a credit check, since Kontist runs no credit check.
• Small businesses and sole traders who need a euro account with a monthly fee of €0 and a German IBAN.
• Anyone who wants the balance inside the EU deposit guarantee scheme, EU DGS up to EUR 100,000, with support on email, chat and phone.

Who should look elsewhere

• Not for readers who judge on the monthly fee alone: PayPal Colombia also lists a monthly fee of $0, so the choice there comes down to what the account gives you, such as local details covering iban.
• Not for high volume SEPA users, because each additional transaction past the plan allowance is charged.
• Not for anyone who wants a banking licence relationship of their own: the accounts sit with partner bank Solaris SE under BaFin and European Central Bank supervision.

Revolut UK

Who it suits

• Savers who want instant app access and no charge for holding the balance, rather than a card and credit deal such as AXI Card Tarjeta y Credito at 21.59%.
• Travelers, freelancers and teens, the audience named in travelers, freelancer and teen, who want 30 currencies and a conversion fee that runs 0% to 1%.
• Anyone starting out with a wallet, since PayPal Colombia is the listed alternative at 3.3% and this balance pays 4% with iban details.

Who should look elsewhere

• Savers shopping on the headline rate alone: the listed alternative Plazo ES shows 24.19% and AXI Card Tarjeta y Credito shows 21.59%, both far above the 4% paid here.
• People who need the return fixed for a set period, since the rate type is variable and the balance is easy-access by design.
• Customers who want the deposits held by the brand itself: the account licence type is e money and the savings sit with a savings deposit partner, a different structure from the listed wallet alternative PayPal Colombia at 3.3%.