Most of my EU friends have been using Revolut for quite some time and overall happy with the service.
Revolut is in the process to become a fully licence bank and offers some interesting features like phone/travel insurance, loans and business accounts.
They were in tech news for past few days after the flowing announcement;
Well even you would have been able to sign up you couldn’t use Crypto unless you get a premium account or friends to sign up. Just not a great start I think
Thats correct from the original press release in August I think. You can spend money to buy bitcoins but you must sell them to do anything with them. It didn’t say this bit but I think they did it so they could claim they were ‘clean’ bitcoins with a paper trail (money laundering etc).
Re-finding that blog post, it’s more about limitations of the current platform offering. They plan to open transfers in the future.
What’s next?
We’re looking to release Phase 1 within the next few weeks, and hope to support external transfers in the near future — we’re working closely with our biggest financial partners to make this a reality. Revolut believe cryptocurrencies will play an increasingly important role in global financial services and hope that our initial adoption will help to bring crypto to a wider audience.
I think Revolut is really struggling with this whole Crypto move.The Revolut forum is full of people that don’t get the support for just normal banking stuff at the moment. I had the same situation. Because I don’t really use the product anymore I just contacted them via twitter, which seems to be the only way to get some sort of support and they told me if I close the account I can’t re-open during 5 years?!
There is quite an interesting video online that somehow just shows how different the company philosophies are:
If I remember correctly any extra card costs £5. It doesn’t matter if this is a virtual card in the app or a physical card. I think there is also a delivery cost charge if it is a physical card. Don’t quote me on that though, back when I joined the physical card was free I think.
Yes just checked it’s £5 for additional card. I was given their Visa card for free because they were trailing it and you get 1 card free when you get Revolut account. Physical card has delivery charge.