Revolut account: operation and opening, revolut review: everything you need to know about this bank card | suitespot

Revolut review: everything you need to know about this bank card

Contents

Revolut offers a new genre bank card that offers all the advantages of a traditional bank card, or even more. If you are a student and you are afraid to go into debt, then the revolut card is the bank card you need, because it only offers immediate speed.

Reverse account: operation and opening

As practical for daily operations as to pay for purchases or withdraw money on a trip, the Revolut account offers many advantages. But how to open a revolut account, and how it works ?

A revolut account, what is ?

A revolut account is a 100 % mobile bank account, which is managed exclusively on the internet, from anywhere in the world. The Revolut account notably allows you to pay in different currencies at no cost.

How does the Revolut Account work ?

The Revolut account works as a classic bank account, with the difference that everything is managed online, that it is impossible to have a checkbook, and that the banking services are fully dematerialized.

Why open a revolut account ?

Like most neo-banks, Revolut offers its customers to open a free and hidden cost account. The other advantage lies in the possibility of making payments in foreign currency and making international transfers at no cost.

Opening of a revolut account

It is possible to open a revolut account extremely easily and quickly. Just download the Revolut app on your smartphone, and follow the instructions. There is not even need to contact an advisor or go to an agency. Once the form is completed and signed electronically, the supporting documents can be sent directly from the application.

What bank is behind Revolut ?

Most neo banks and online banks are actually subsidiaries of known banking organizations. And Revolut is no exception to the rule, since it belongs to the British company Fintech, created in 2014.

Connect to your Revolut account

It is possible to connect to your Revolut account either directly from your smartphone by using the application, or from a computer by visiting the Revolut website and filling in dedicated boxes for the identifier and the password linked to the account.

Blocked revolut account

It may happen that Revolut decides to block an account. But this always happens for a good reason: the registration has not been finalized, or the RIB was used abusive, or the origin of the sums paid to the Revolut account cannot be verified, for example.

Find your Revolut account

It is possible to find your revolut account by providing the elements requested by customer service.

Revolut account: RIB

Each Revolut account has its own RIB, that it will be possible to provide companies to schedule withdrawals, for example.

Free Revolut Card

Revolut offers accounts with free bank card. It is generally a classic Mastercard card. Premium cards are paid.

How to delete a card on Revolut ?

It is possible to delete a card on the Revolut application by clicking on the “Account” tab, then “Recharge”, and by selecting the card to delete. This selection then allows you to click on “I” then on “Delete”.

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Revolut review: everything you need to know about this bank card

Revolut card

Currently, we are of the opinion that the revolut bank card is one of the most interesting cards on the market because it is distinguished from all the other cards available by offering a free and digital bank account. It offers a lot of advantages that can be profitable for travel. With three million customers in Europe and now global, Revolut is an essential bank card.

Reverse cards

  • 100 % mobile
  • Free and unlimited withdrawals in Europe and worldwide
  • Free foreign currency payments
  • Without income conditions and minimum deposit

The main advantage of Revolut remains its solution for multi-divest payments and withdrawals abroad free of charge. Currently, this is one of the best cards for traveler.

Revolut is one of the most innovative neobancs. Indeed, it allows you to make purchases in several foreign currencies and to make withdrawals at no cost. It is however important to note that this bank card is not perfect. We therefore recommend that you take a look at the various advantages and disadvantages to find out if the card is worth it.

  • What is, Revolut ?
    • The story of Revolut
    • What are the advantages of the Revolut Standard account ?
    • What are the advantages of the Revolut Plus account ?
    • What are the advantages of the Revolut Premium account ?
    • What are the advantages of the Revolut Metal account ?
    • Travelers cards
    • Miles cards

    What is, Revolut ?

    Revolut, it is above all a neobank. This digital bank was launched in 2015, in the United Kingdom. Today, it offers particularly interesting money transfer services for travelers, because its services are often completely free. Indeed, the specificity of this neobank is that it offers an online and international bank account service at no cost, ideal for the most nomadic.

    Relatively young in the banking industry, Revolut still enjoys a solid reputation. Today, its customers are distributed throughout the planet and, each month, it is more than one hundred million transactions that are made with revolut bank cards. Through specialized digital bank accounts, Revolut helps its customers improve their financial health and allows travelers around the world to be connected.

    The story of Revolut

    Launched in July 2015 by Vlad Yatsenko and Nikolai Storonsky, it is above all a British company from Fintech, hence the reason why it is called a neobank. Investors such as Balonton Capital, index Venturese and Ribbit Capital accompanied him in this success, after having already participated in Facebook, Dropbox or Skype.

    In December 2018, Revolut obtained the European economic license and therefore offers the same services as a classic bank. A big step forward for Revolut which goes from a simple banking application to a more complete online bank. Each user can therefore both benefit from advanced technology while benefiting from more services for better daily financial support.

    In 2019, Revolut decided to conquer other markets than Europe and developed in Australia. In 2020, Revolut also launched in the United States.

    What are the bank accounts offered by Revolut ?

    Today, Revolut offers four bank accounts with different advantages. Here is an overview of the neobank banking offer.

    Standard More Premium Metal
    Rate Free 2.99 / month 7.99 / month 13.99 / month
    Account with free iban Yes Yes Yes Yes
    Free withdrawals Yes Yes Yes Yes
    International transfers Yes Yes
    Purchasing insurance Yes Yes Yes
    Abroad Yes Yes
    Expenses abroad Yes Yes Yes Yes
    Change of currency Yes Yes Unlimited Unlimited

    Revolut offers are all very competitive at the rate level, especially if they are compared with the costs of traditional banks for the same services. The neobanque stands out mainly for everything related to operations in foreign currency, because it does not charge any additional costs, except for certain rarer currencies. It is therefore a particularly advantageous card for travelers.

    What are the advantages of revolut bank cards ?

    Revolut bank accounts offer very different advantages, which explains the difference in price. However, certain advantages are equivalent, such as advanced technology, the free British account, the account with free IBAN as well as international expenditure in more than 150 currency at the interbank rate.

    Indeed, you can pay for free in several currencies abroad. This is a very big advantage, because the number of bank cards at no cost abroad is relatively limited in France.

    Finally, the revolut card is without income and minimum deposit condition. This is an account without delayed flow, which can make it a practical solution for a person in banking prohibitions.

    Revolut card

    What are the advantages of the Revolut Standard account ?

    1) No annual fees

    The standard offer of the Revolut card is completely free: you will not pay annual contributions or user fees.

    2) Withdrawals of free species

    You can withdraw up to 200 euros per month around the world without any costs. We believe that this is a big advantage for travelers using the revolut card !

    3) Change currency at no cost

    From Monday to Friday, you can exchange unaccompanied currencies in your revolut bank account. However, it should be noted that the limit of the standard offer amounts to 1000 euros per month.

    What are the advantages of the Revolut Plus account ?

    1) low annual fees

    The more of the revolut card offer is not very expensive. The annual subscription amounts to 36 euros.

    2) Withdrawals of free species

    You can withdraw up to 200 euros per month around the world without any costs. We believe that this is a big advantage for travelers using the revolut card !

    3) Change currency at no cost

    From Monday to Friday, you can exchange unaccompanied currencies in your revolut bank account. However, it should be noted that the limit of the standard offer amounts to 1000 euros per month.

    4) Daily protection

    The Plus account offers protection on purchases made on a daily basis. Indeed, the bank account offers coverage against flights and accidents up to 365 days (up to 1000 euros), protection on event tickets as well as protection of returns. You can therefore obtain a refund up to 90 days after purchase.

    5) Customer service available at all times

    At any time, Plus bank account holders can contact Revolut customer service in the event of any glitch. It is rather rare that a neobank offers a similar service, so this is a significant advantage.

    What are the advantages of the Revolut Premium account ?

    1) low annual fees

    The premium offer of the Revolut card is not very expensive. The annual subscription is 96 euros.

    2) Withdrawals of free species

    You can withdraw up to 400 euros per month around the world without any costs. We believe that this is a big advantage for travelers using the revolut card !

    3) Change currency at no cost

    From Monday to Friday, you can exchange unaccompanied currencies in your revolut bank account. With the premium offer, there is no limit.

    4) Daily protection

    The Plus account offers protection on purchases made on a daily basis. Indeed, the bank account offers coverage against flights and accidents up to 365 days (up to 2,500 euros), protection on event tickets as well as protection of returns. You can therefore obtain a refund up to 90 days after purchase.

    5) Insurance abroad

    The premium offer includes a particularly important insurance package for travelers. This includes medical insurance abroad (including coverage for winter sports) as well as luggage and delayed insurance.

    6) International payments

    With the Premium offer, you can make unlimited international transfers as well as a free swift transfer.

    7) Customer service available at all times

    At any time, Plus bank account holders can contact Revolut customer service in the event of any glitch. It is rather rare that a neobank like Revolut offers a similar service, so according to our opinion, it is a significant advantage.

    What are the advantages of the Revolut Metal account ?

    1) Free species withdrawals

    You can withdraw up to 800 euros per month around the world without any costs. We believe that this is a big advantage for travelers using the revolut card !

    2) Change currency at no cost

    From Monday to Friday, you can exchange unaccompanied currencies in your revolut bank account. With the metal offer, there is no limit.

    Reverse metal bank card

    3) Daily protection

    The Plus account offers protection on purchases made on a daily basis. Indeed, the bank account offers coverage against flights and accidents up to 365 days (up to 2,500 euros), protection on event tickets as well as protection of returns. You can therefore obtain a refund up to 90 days after purchase.

    4) Insurance abroad

    The premium offer includes a particularly important insurance package for travelers. This includes medical insurance abroad (including coverage for winter sports) as well as luggage and delayed insurance.

    The big advantage of the metal offer in comparison with the premium offer is the deductible for car rental. This is only available for holders of a metal account.

    5) International payments

    With the metal offer, you can make unlimited international transfers as well as a free swift transfer.

    7) Customer service available at all times

    At any time, Plus bank account holders can contact Revolut customer service in the event of any glitch. It is rather rare that a neobank like Revolut offers a similar service, so according to our opinion, it is a significant advantage.

    8) Exclusive metal card

    The other advantage of the Revolut Metal account is the high quality metal of the bank card. The card is therefore distinguished from other plastic bank cards and enjoys a unique character. When you pay, you may be guaranteed to receive an exclusive customer service, because this revolut metal card is definitively distinguished from other bank cards.

    9) Cashback on all payments by card

    On all purchases made in Europe, you will receive a cashback of 0.1 %, while in the rest of the world, you will receive a cashback of 1 % on all your purchases. This advantage of this revolut bank card is not negligible, according to our opinion.

    However, it should be noted that to make your metal account profitable with the rate of 0.1%, you will have to pay 14,000 euros.

    How to contact Revolut ?

    If you have a problem with your revolut card, you can contact the customer service by phone at +44 203 322 8352. This automatic call number provides registered information.

    Otherwise, it is very easy to contact Revolut via its application. Indeed, a cat is available there at all times, where advisers will answer your questions at any time of the day.

    How to get a revolut bank card ?

    It could not be easier to get a bank card as well as a revolut account. Indeed, it is only enough for a smartphone, a few clicks and ten minutes.

    Here are the steps to follow:

    1. Download the application: You can download the application in Google Play and the App Store.
    2. To fill out a questionnaire : You must indicate your phone number to have directly access to all the details of your new associated account.
    3. Validate your account: To validate your account, simply send an identity document that you can take a picture via your smartphone.

    Notice: Banking cards are revoluting in worth ?

    Revolut offers a new genre bank card that offers all the advantages of a traditional bank card, or even more. If you are a student and you are afraid to go into debt, then the revolut card is the bank card you need, because it only offers immediate speed.

    For all travelers looking for a card with which transactions abroad, it is also a small nugget that makes it possible to avoid many unnecessary costs.

    In summary, it’s just to say that the standard revolut offer is worth it, because membership is completely free. You will only have to pay for delivery costs. Finally, if you are looking for insurance, the premium offer is also interesting. It is rare that a bank card with such low annual costs offer an attractive range of insurance for travelers.

    The Revolut Metal offer is a little less attractive, unless you plan to make more than 14,000 euros in purchase with your bank card in one year. In this case, you could get the bank card at no cost.

    What are the alternatives to the revolut card ?

    Travelers cards

    We believe that the Revolut card is an excellent bank card for travelers. Since the card is completely free (at least if you adhere to the standard version), you have nothing to lose. This card is very useful, then that it allows you to make purchases and to withdraw money at no cost across the world. At Suitespot, this is the card we use when we travel.

    On the market, the mapn26, the BUNQ cards (Travel and Premium cards) and the Zero card come into direct with Revolut. N26 and Bunq are two other neo-banks that allow you to withdraw abroad and to make payments in foreign currency for free and unlimitedly

    Miles cards

    We have other cards that we use during our daily purchases in France. Indeed, we recommend using this card in combination with a card offering more services, such as cards offering the possibility of winning miles.

    Among the most interesting cards to win miles, there are Air France KLM American Express and American Express cards. Among other things, we recommend the following:

    • Green American Express: free the first year, 95 euros from the second
    • Gold American Express: free the first year, 185 euros from the second
    • Platinum American Express: 580 euros per year
    • Air France KLM American Express Silver: free the first year, 95 euros from the second
    • Air France KLM American Express Gold: free the first year, 165 euros from the second
    • Air France KLM American Express Platinum: 570 euros per year

    These cards have annual fees that can be scary at first glance. However, at Suitespot, we believe that these costs are quickly reimbursed, because they have the big advantage of allowing you to win and use miles. What’s more, they allow you to access airport fairs for free and offer you a wide range of travel insurance. These cards are by far the best way to avoid paying the high price on a trip, being safe on the road and benefiting from many advantages.

    Our opinion on the revolut card in short

    We believe that the Revolut card is by far the best bank card for travelers on the market. The main advantage of Revolut remains its solution for multi-space payments and exchange operations at no cost. What is more, the absence of costs on payments made abroad as well as the possibility of withdrawing money around the world are two solid arguments that revolute a must for all major travelers.

    Reverse cards

    • 100 % mobile
    • Free and unlimited withdrawals in Europe and worldwide
    • Free foreign currency payments
    • Without income conditions and minimum deposit

    The main advantage of Revolut remains its solution for multi-divest payments and withdrawals abroad free of charge. Currently, this is one of the best cards for traveler.

    If you are interested in obtaining a new bank card, we present all the models available on the French market in our guide on the best bank cards.

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    Frequently Asked Questions

    Revolut, it is above all a neobank. This digital bank was launched in 2015, in the United Kingdom. Today, it offers particularly interesting money transfer services for travelers, because its services are often completely free. Indeed, the specificity of this neobank is that it offers an online and international bank account service at no cost, ideal for the most nomadic.

    What is the price of a revolut card ? +

    The Revolut Standar Account is completely free. Card holders should only pay delivery costs. Revolut, however, offers other above -end accounts which include annual costs.

    How to get a revolut card ? +

    To get the Bunq Travel Card, nothing could be simpler. You just have to download the app on your phone and register. To register, you will need an address in Europe as well as an identity card.