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Revolut Review
Revolut is a global digital financial platform offering multi-currency banking, international transfers, budgeting tools, and investment features through a mobile-first app. Designed for travelers, expats, and globally-minded users, Revolut provides competitive exchange rates, versatile account options, and a comprehensive suite of financial management tools across multiple plans (Standard, Plus, Premium, Metal, Ultra). Unlike traditional UK banks, Revolut operates under an e-money licence with funds safeguarded rather than FSCS protected.
FSCS Protection Guide — Click here to learn how the £120,000 FSCS protection scheme safeguards your savings with UK digital banks →
Key Features
| FSCS Protection | No — Revolut is not FSCS protected. EU customers are covered up to €100,000 by the Lithuanian Deposit Insurance Scheme. UK customers' funds are safeguarded in ring-fenced accounts. |
| Monthly Fee | £0 (Standard) — Plus (£3.99), Premium (£7.99), Metal (£14.99), Ultra (£55/month) plans available with increasing benefits |
| Current Accounts | Yes — A multi-currency account supporting 30+ currencies, local account details (GBP, EUR, USD), and a linked Visa or Mastercard debit card |
| Savings Accounts | Yes — Savings Vaults offer interest via partner banks (up to 4.70% AER on Premium/Metal plans). Not all Vaults are covered by deposit insurance |
| Credit Card | Not offered — Revolut provides Visa or Mastercard debit cards only |
| Spending Abroad | Fee-free up to £1,000/month (Standard plan), then 0.5% fee applies on weekdays; 1% on weekends/public holidays. Premium/Metal plans have higher limits |
| ATM Withdrawals | Free up to £200/month (Standard), then 2% fee. Premium/Metal: £400-£800/month free limits |
| App Features | Multi-currency management, budgeting analytics with spending categories, stock and crypto trading, disposable virtual cards, bill splitting, savings Vaults, donation rounding |
| Loans | Not offered as a standard UK product — Revolut focuses on spending, saving, and investing rather than lending |
| Investments | Yes — Stock trading (US/European markets) and cryptocurrency trading available within the app |
| Travel Benefits | Paid plans include travel insurance, airport lounge access, cashback on bookings, and higher FX limits |
| Top Savings Rate | Up to 4.70% AER (variable) on GBP Vaults for Premium & Metal plans. Rates vary by plan and partner bank |
Revolut at a Glance
- Revolut is a feature-rich financial platform offering multi-currency accounts (30+ currencies), competitive exchange rates with interbank pricing, international money transfers, budgeting analytics, savings Vaults, and investment options including stocks and cryptocurrencies. It operates under tiered subscription plans from Free Standard (£0/month) to Ultra (£55/month), with funds safeguarded (not FSCS protected) under the Lithuanian Deposit Insurance Scheme up to €100,000 for EU customers.
Revolut Services
Revolut provides personal and business accounts, multi-currency wallets with local account details (GBP, EUR, USD), international transfers at interbank rates, savings Vaults with interest via partner banks, stock and cryptocurrency trading, disposable virtual cards, travel insurance and airport lounge access (on paid plans), budgeting tools with spending analytics, bill splitting, and donation rounding features. Premium and Metal plans add higher FX limits, priority support, and enhanced insurance coverage.
✅ Pros
- Excellent multi-currency support with 30+ currencies and local account details (GBP, EUR, USD)
- Competitive exchange rates up to interbank rates on weekday spending
- Comprehensive app with budgeting, analytics, stock trading, and crypto investing
- Disposable virtual cards for enhanced online security
- Strong travel features including travel insurance and airport lounge access on paid plans
- Fast international money transfers with transparent fees
- Stock and cryptocurrency trading integrated into the app
- Multiple plan tiers (Standard, Plus, Premium, Metal, Ultra) to suit different needs
- Savings Vaults with competitive rates on Premium/Metal plans
- Early salary access and cashback offers on paid tiers
⚠️ Cons
- NO FSCS protection — UK customer funds are safeguarded, not protected by the £120,000 FSCS guarantee
- Many advanced features require paid subscription plans (£3.99-£55/month)
- Free currency exchange limited to £1,000/month on Standard plan
- Weekend exchange rate fees (1% on top of standard fees)
- ATM withdrawal limits with fees after free allowances
- App can feel overwhelming for users seeking simple banking (steep learning curve)
- Customer service primarily app-based with variable response times (priority on paid plans)
- No personal loans or mortgage products
- Cash deposits not available in the UK
- No joint accounts (currently)
- Not part of the Current Account Switch Service (CASS)
Why We Like Revolut
We like Revolut for its exceptional flexibility and global financial capabilities. It stands out as one of the most versatile financial platforms available, particularly valuable for frequent travelers, expatriates, and users who manage money across multiple currencies or want integrated investing alongside banking. The tiered subscription model allows users to choose the level of features they need, from basic free banking to premium accounts with comprehensive travel insurance, higher FX limits, and metal cards.
How We Compare Digital Banks
Compared with traditional UK digital banks like Monzo or Starling, Revolut excels in international features, multi-currency management, and investment integration rather than core UK banking services. It's best suited for users who prioritize global flexibility over FSCS protection and require advanced financial tools beyond standard current accounts. While Monzo leads in budgeting and user experience for everyday UK banking, Revolut dominates for international use, multi-currency holding, and all-in-one financial services. However, users should understand the trade-off: Revolut's e-money status means funds are safeguarded rather than FSCS protected, which is a crucial distinction for those concerned about deposit protection.
Financial Information Disclaimer
The information on this website is provided for general guidance only and may not always reflect the latest fees, rates, or terms offered by each bank. While we do our best to keep content accurate and up-to-date, you should always check the bank’s official website or app before applying for an account. Nothing on this site constitutes financial advice.
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