Know and check the advantages and disadvantages to use Revolut. Know and check the advantages and disadvantages of Revolut Sending and receiving money abroad was certainly much more complicated, but managing and spending money anywhere in the world has become much easier. And in this article, we’re going to talk about revolut to help you learn more about this option. So, let’s get to it.
What is Revolut
Born in London, England in 2015, Revolut is a financial technology company that offers banking services, cryptocurrency exchange and redemption, etc. As of January 2023 (survey date), according to information present on Revolut’s official website, the company calls itself a “single app for finance ” and calls itself a “single app for finance. It helps you control everything from day-to-day spending to planning for the future through savings and investments, and helps you do more with your money, according to the platform.
The difference for the British startup is that there are no fees for most of its services; as announced on Revolut’s official website in January 2013, the company has more than 25 million customers and 500,000 business users in more than 200 countries and territories.
The app works in 29 currencies
Revolut is a European digital bank that works similarly to Brazil’s Nubank It allows users to send money internationally, invest abroad and invest in cryptocurrencies. According to the official website, Revolut Bank UAB offers credit, payment, checking and savings account services. Money is converted into the desired currency and transferred. You can also send money to other bank accounts and have euro and sterling accounts. Need to send money to another country. After testing the main alternatives on the market (Paypal, Western Union, Moneygram, etc.), our recommended platform is Sage. It is a secure, fast and easy to use platform.
You need to send money to another country. Send money safely, quickly and with the best exchange rate. We update daily the best entities, simulate yours now. To take advantage of the options offered by Fintech, you must first open an account and register to create a digital account. Then just wait for approval and choose the account that best suits your needs. All accounts are assigned an International Bank Account Number (IBAN), so you can send money abroad.
Deposit and withdrawal methods
You can deposit money into your Revolut account by Bank Transfer Debit or Credit Card Revolut Transfer;
Google or Apple Pay
Important: You cannot deposit directly into your Revolut account, you have to transfer money Revolut works very conveniently and all transactions are made over the Internet To withdraw money, Revolut Digital Bank provides a smartphone app and a prepaid Visa or MasterCard debit card, with which customers can spend and withdraw money at ATMs.
How to send money through Revolut.
To send money to another country, the following steps should be followed If the recipient is an existing beneficiary, this step can be skipped. Otherwise, you will need to add a beneficiary: on the account screen, click on “Remittance”, then “New”, then “Bank beneficiary”, add the country and currency of the beneficiary, the required remittance information (IBAN or other local account information), enter the required data and click “Add beneficiary”. Once you have added a beneficiary, go back to “Send Money” and follow these steps: Press the search bar to see the different money transfer options. Select the amount and currency, attach a reference if necessary, and press “Continue”. Before completing the shipment, review the shipment details and check the estimated fees and arrival time.
When the shipping request is complete, return to the home screen and confirm that the shipping request is submitted. Return to the home screen and verify that the transfer request is showing. If it is showing, click on the transfer request to check its progress. How to open a Revolut account. Opening a Revolut account is free and can be done online in a few minutes.
Here’s how Download the Revolut app from the Apple App Store or Google Play Store; Enter your phone number and click Continue; and Create a 4-digit password; Enter the 6-digit security code that will be sent to your cell phone; Enter your personal information; Enter your home address Enter your e-mail address; Click on “Continue”; Click on “Continue”; Click on “Continue”; Verify with your ID documents and passport. How to apply for a card To apply for a Revolut card, all you have to do is access the Revolut application and enter some data. Thus, you are first asked to prefix your cell phone number. We appreciate you reading this far, share it with more people and we all get more informed. May God bless you.
