Revolut has become one of the most popular digital banks in Europe, offering a seamless, modern approach to personal finance. With its user-friendly app, multi-currency capabilities, and a wide range of services, it’s a go-to choice for frequent travelers, remote workers, and digital-savvy individuals.
In this article, you’ll discover everything you need to know about opening a Revolut account, its advantages, drawbacks, and what sets it apart in today’s financial landscape.
What Is Revolut?
Revolut is a UK-based financial technology company that provides digital banking services entirely through a mobile app. Launched in 2015, it now operates across dozens of countries and offers services such as personal and business accounts, currency exchange, cryptocurrency trading, investment tools, and financial analytics.
How to Open a Revolut Account (Step-by-Step)
Opening a Revolut account is simple, fast, and 100% online. Follow these steps:
- Download the Revolut app – Available on both Android and iOS devices.
- Register your phone number – You’ll receive a verification code via SMS.
- Enter your personal information – Full name, address, date of birth, and email.
- Verify your identity – Upload a valid ID document and a selfie.
- Select a plan – Choose from Standard, Plus, Premium, Metal, or Ultra.
- Add funds – Use a bank transfer, debit/credit card, or mobile payment option.
The full process typically takes under 10 minutes.
Revolut Plans Overview
| Plan | Monthly Fee | Key Features |
|---|---|---|
| Standard | Free | Basic account, virtual card, limited free international transfers |
| Plus | €2.99 | Purchase protection, priority chat support |
| Premium | €7.99 | Global travel insurance, higher ATM withdrawal limits |
| Metal | €13.99 | Cashback on spending, exclusive metal card, concierge services |
| Ultra | €45.00 | Luxury benefits, premium subscriptions, platinum rewards |
Benefits of Using Revolut
- Multi-currency accounts – Hold and exchange more than 30 currencies at interbank rates.
- Low-cost global transfers – Send money internationally with minimal fees.
- Cryptocurrency & stock trading – Buy and sell directly in the app.
- Budgeting & analytics – Track spending, set goals, and control your finances.
- Travel perks – Travel insurance, airport lounge access, and fee-free ATM withdrawals.
- Security features – Virtual and disposable cards for safer online transactions.
Disadvantages of Revolut
- Customer support limitations – Priority support is reserved for paying users.
- Weekend exchange fees – Currency conversion outside business hours can incur extra charges.
- Variable deposit protection – Coverage depends on your country of residence.
- Account suspensions – Some users report temporary freezes due to security reviews.
Is Revolut Safe?
Revolut employs high-level security measures including:
- Two-factor authentication (2FA) – For added login security.
- Instant transaction alerts – Know exactly when and where your money is spent.
- Real-time card controls – Instantly freeze or unfreeze your card via the app.
However, users should be aware that deposit protection varies depending on the region, and in some countries, Revolut accounts may not be covered by standard deposit insurance.
Who Should Consider Revolut?
Revolut is especially ideal for:
- Frequent travelers – Take advantage of global spending with minimal fees.
- Expats and digital nomads – Manage multiple currencies and borders with ease.
- Freelancers and remote workers – Get paid in foreign currencies and use integrated financial tools.
- Budget-conscious users – Use smart budgeting features to stay in control.
Final Verdict
Revolut is a forward-thinking banking solution that fits the lifestyle of modern, mobile users. Its flexibility, international support, and advanced app functionality make it a strong choice for those who value convenience and tech innovation in finance.
If you’re looking for a secure, agile, and feature-rich digital bank, Revolut could be the perfect fit—especially if you travel frequently or work internationally.