Join 50+ million customers globally using Revolut to send money to 160+ countries, hold up-to 36 currencies in app, spend in 150+ currencies, and manage their money.
Opening a bank account for a child in the UK is generally quite simple. Specific requirements may vary, but here's a quick step-by-step guide to set you off in the right direction. Choose the right account for your kid.Look into different banks and fintechs to find the best choice. ...
Digital bankRevolut, which provides the global fintech platform and super-app claiming over 10 million users in the UK and 50 million worldwide, has significantly enhanced the interest rates for its UK Instant Access Savings account. With rates now as high as 5% AER (variable), R...
This financial boost will be instrumental in supporting the company’s transition from a payment institution to a fully-fledged bank. New Products and Services for UK Customers With the new UK banking licence, Revolut can expand its product offerings significantly. As a bank, Revolut can now...
Revolut is regulated by the Financial Conduct Authority (FCA) in the UK and is well on its way to becoming a licenced UK bank. It also has some impressive security features, which should provide reassurance that the money app is safe to use. ...
The current UK E-Money Institution (EMI) remains the entity serving, owning, and holding all nine million UK clients. Only after full authorisation can Revolut serve UK clients as a bank. The Prudential Regulation Authority (PRA) of the UK has agreed with Revolut to categorise the...
One of the drawbacks to Revolut is that while it has been granted a UK banking license, it isn't yet able to operate as a fully licensed UK bank meaning customers' money is not protected under theFSCSin the main account. One way to limit exposure in the meantime is ...
Revolut is now seeking a banking license in both the UK and Australia. In the US, the startup has applied for a bank charter via applications with the FDIC and the California Department of Financial Protection. The company is currently testing its stock trading service which will allow users ...
Revolut vs UK Neobanks: Users Revolut is slightly ahead of Monzo in UK users, making it the largest neobank in the UK. UK neobank users by app 2023 (mm) Want to learn more?Check out our Finance App Report Revolut FAQ What is Revolut’s average monthly deposit?
UK neobank Revolut hits 1 million customer milestoneLea Nonninger