Payments / Money Transfer · 14 AUGUST 2019

Revolut Review

People who travel in various countries and pay there cashlessly in a variety of currencies (there is no foreign currency fee) People who only want a smartphone banking app, because a web banking version does not exist Anyone concerned about money management and needs access to their account overview on a regular basis Anyone that […]

PAYMENTS / MONEY TRANSFER
Revolut Review
KM-B19-002

People who travel in various countries and pay there cashlessly in a variety of currencies (there is no foreign currency fee)

People who only want a smartphone banking app, because a web banking version does not exist

Anyone concerned about money management and needs access to their account overview on a regular basis

Anyone that sends money regulary abroad to family and friends

Anyone concerned about security while traveling abroad

Cryptocurrency enthusiasts who want to save time

Businesses (large and small), Freelancers, sole traders who have international customers

Revolut Review Content

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The target audience of Revolut

Revolut Review – Revolut for Business

Revolut for Business Cost-Cutting claims

Bookkeeping made easy

Payment workflow automation

Revolut App Integration:

Upshot:

Revolut Review – Revolut for personal use

Easy money management

Revolut Review – Revolut for Business

Revolut for Business is a business account platform for domestic and international payments, designed to save you time and money.

Revolut for Business Cost-Cutting claims

Revolut has scaled fast enough to leverage a lot of the costs that businesses might incur when they trade internationally. Revolut for Business has found others ways to offset costs, such as

With Revolut, you will get unique GBP and EUR account details in order to make local payments

You can now hold, send, and receive funds in up to 28 currencies which reduces any Forex costs you might incur

NO MORE fluctuating and costly exchange rates. With Revolut, you get manageable exchange rates with hidden fees

Easy and inexpensive cross-border transactions which are fair and transparent

Bookkeeping made easy

Whether you are a

freelancer

, sole trader or SME, Revolut will eliminate the stress from accounting by making your employees work effectively.

Payment workflow automation

You can now set and automate all payment functions. Which this feature is not unique, Revolut for Business allows you to integrate with apps you already use in just a click or build custom integrations according to your business needs

Revolut App Integration:

With Revolut Connect, business customers can now automate business payments, manage notifications and a lot more. Here is a look at the already-implemented integrations:

Revolut + Slack

You can now receive real-time notifications for the events happening in your Revolut for Business account without having to log into Revolut app

Revolut + Xerox

Start saving time and working smarter by feeding your Revolut account data directly into Xero

Revolut + Freeagent

For all FreeAgen users, you can now seamlessly import your transactions into FreeAgent and stay up to date with your cash flow.

Revolut + Zapier

Connecting your Revolut account to 1000’s of apps on Zapier is very easy and automated. It helpy your streamline your workflow, without the need for using separate services.

More Revolut app integrations coming soon

Accounting apps – Clearbooks, Sage, FreshBooks, ZohoBooks, KashFlow

Tax apps – Quaderno

Upshot:

With the existing integrations alone, Revolut for Business offers ALL types of businesses with solutions that no only their workflows easy, but fun!

Revolut for Business gets 5 out of 5 points!

Revolut Review – Revolut for personal use

Revolut is marketed as “

A Radically Better Account

“.

Is Revolut really free?

YES . Revolut offers personal users a comprehensive package of features that sets it apart from other mobile banking apps with it’s appealing UI and ease of use at 0,00 € per month!

Easy money management

Revolut has built-in budgeting

You don’t need any other PFM apps! Revolut shows you exactly where your money is going each month, and even let you set up monthly budgets for things like restaurants and groceries.

Embedded savings function

You can now save any change after making payments by rounding up every card payment to the nearest whole number. Revolut does the rest by stashing your spare change away for you to put towards your goals

Intuitive instant spending notifications

This is a favorite. Revolut sends you a notification the second you make a payment with your card, even before the receipt has finished printing.

Revolut is the ideal travel wallet

What currencies does Revolut support?

With Revolut, you can conveniently spend abroad in over 150 currencies with the interbank exchange rate fee of just 0.5% for anything above €6,000 each month. (A flat mark-up on weekends and on certain currencies may apply)

Free cash withdrawal while abroad

In case you need cash, Revolut lets you withdraw up to €200 a month while abroad for free. Anything over €200 attracts a small 2% fee (to help Revolut cover costs)

Peace of mind while abroad with inclusive insurance

Ready, set, go! From your health to your phone, Revolut makes sure you and the things you love are protected worldwide from as little as £1.00 per day (Insurance provided by Revolut Travel Ltd)

Send money easily with Revolut

Is Revolut cheaper than Transferwise?

No more trips to Western Union, MoneyGram, Ria, WorldRemit! Revolut lets you transfer money abroad in 29 currencies with the interbank exchange rate, with a small 0.5% fee for anything above €6,000 each month (A flat mark-up on weekends and on certain currencies may apply, it’s only fair)

Send and request money in seconds

Instantly send and request money from your friends at the touch of a button, and attach notes, images and GIFs to make things a little more interesting.

Easily set up recurring payments

Whether you’re paying rent or splitting the bill, set up a recurring payment in under a minute and send money with only a few clicks

Upshot:

Hands

down Revolut is the most inclusive mobile banking app for personal use. It

delivers the user experience it advertises!

Revolut for Personal use gets 5 out of 5 points!

Revolut Review: App, Debit Card & Integration | Kevin Moseri

Revolut has become popular because it’s easy to use and cater to a wider audience. It has a lot of features that travelers find very useful. The built-in cryptocurrency exchange and banking app focused on user-experience bring Revolut to the top of the class. With it’s easy sign-up process, everyone should be thinking about switching their personal and business bank accounts!

Editor’s Rating:

5

“Revolut for Business Cost-Cutting claims Revolut has scaled fast enough to leverage a lot of the costs that businesses might incur when they trade internationally.”KEVIN MOSERI