Revolut Review

Company background

Revolut is a safeguarded e-money institution, founded in 2015, headquartered in the United Kingdom, operating under Revolut Ltd. Revolut packs the widest range of money features into one app. It is the default pick for travellers and anyone who wants spending, saving and investing under one login. We rate it best all-rounder. At its core it is a 36-currency account you run entirely from your phone, bundling multi-currency balances, in-app savings, budgeting tools, business accounts, joint accounts, stock investing and crypto into one app.

Fees and pricing

On day-to-day costs, Revolut charges no monthly account fee, and applies a 0.5% markup on foreign-currency spending.

• Monthly fee: no monthly account fee.
• FX markup: 0.5% on spending outside your currency.
• ATM withdrawals: free up to 200 GBP a month, then 2%.
• Savings: up to 1.74% AER on in-app balances.
• Welcome offer: spend 50 in your first 30 days for a card-fee refund.

For everyday domestic use the running cost is effectively nil, so the figure that matters most is how often you spend or withdraw in another currency.

Regulation and safety

Revolut operates as a safeguarded e-money institution, regulated by FCA and Bank of Lithuania. Eligible deposits are protected up to 100,000 EUR under Safeguarded (FCA); DGS up to 100,000 EUR via Revolut Bank in the EEA. That guarantee is backed by a national compensation scheme, so your covered balance is returned even if the provider fails.

Platform experience

Revolut is available across iOS, Android and Web. The mobile apps score 4.8/5 on the App Store and 4.5/5 on Google Play. Payments run on a Visa and Mastercard physical and virtual card, and it works with Apple Pay and Google Pay.

Pros and cons

On the plus side, huge feature set: FX, savings vaults, stocks, crypto and budgeting, weekday interbank FX up to a generous monthly limit and polished app with instant spend notifications. The main trade-offs are weekend FX surcharge and out-of-limit conversion fees and uK balances are safeguarded e-money, not FSCS protected. On balance it is a comfortable pick best all-rounder, provided its limitations line up with how you actually bank.