Revolut

Online banking has become a mandatory part of people’s lives. Whether just for checking your balance or paying bills, our banks are integral in providing quick and secure transactions. Nowadays, almost every bank you pick provides a top-notch online experience. However, that wasn’t the case in the 2010s, when online transactions and smartphones started to break into the mainstream. That left the space open for ambitious companies to swoop in and provide those services themselves.

This article will look at one of the most successful businesses in that space: Revolut. The OG24 team will go over the payment method with a fine-tooth comb to see how it stacks up with the competition. What kind of service will this alternate banking service provide? Read on to find out.

What is Revolut?

Revolut is a mobile banking app built with an online-first focus. It’s meant to be an alternative to traditional banks while providing similar services, such as credit and debit cards. These cards function identically to conventional bank cards, meaning you can use them to deposit and withdraw money.

You have to jump through a few hoops before you can use Revolut. First things first, you need to download its app and register an account. You can opt for a free plan or use one of the paid options that unlocks extra goodies. After registering, Revolut will ask you to verify your identity and top up your account by transferring money from your bank account. Finally, you order a physical or digital MasterCard or Visa card, enabling you to start paying with Revolut.

The company accepts clients from over 35 countries in Europe, Asia Pacific, and the Americas. Some countries supported by Revolut include Austria, Canada, the UK, Japan, and more. The service accepts Euros, British pounds, US dollars and various local currencies. Revolut also provides users with additional features, such as a cryptocurrency exchange and a rewards program.