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Independent reviews of digital & app based banking
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.
FSCS Protection — If you want to understand how the £120,000 FSCS guarantee protects your savings, click here to read our helpful guide →
Key Features
| FSCS Protection | No — Deposits are protected up to €100,000 by the Lithuanian Deposit Insurance Scheme |
| Monthly Fee | £0–£12.99 — Free Standard plan; Plus, Premium, and Metal plans with added benefits |
| Current Accounts | Yes — A multi-currency account supporting 30+ currencies, local account details, and a linked Visa or Mastercard debit card |
| Savings Accounts | Yes — Savings Vaults offer interest via partner banks. Not all Vaults are covered by deposit insurance |
| Credit Card | Not offered — Visa or Mastercard debit cards provided |
| Spending Abroad | Fee-free up to £1,000/month (Standard plan), then a 0.5% fee applies on weekdays; 1% on weekends and public holidays |
| App Features | Multi-currency management, budgeting analytics, stock/crypto trading, virtual cards |
| Loans | Not offered as a standard UK product |
| Top Savings Rate | Up to 4.70% AER on GBP Vaults (Premium & Metal plans; rate varies) |
Revolut at a Glance
- Revolut is a feature-rich financial platform offering multi-currency accounts, competitive exchange rates, international money transfers, budgeting analytics, and investment options including stocks and cryptocurrencies, with tiered subscription plans from free to premium.
Revolut Services
Revolut provides personal and business accounts, multi-currency wallets, international transfers at interbank rates, savings vaults, stock and cryptocurrency trading, disposable virtual cards, travel insurance (on paid plans), budgeting tools, and bill splitting features.
✅ Pros
- Excellent multi-currency support with 30+ currencies
- Competitive exchange rates up to interbank rates
- Comprehensive app with budgeting, analytics, and investing
- Disposable virtual cards for online security
- Strong travel features including travel insurance on paid plans
- Fast international money transfers with transparent fees
- Stock and cryptocurrency trading available
- Multiple plan tiers to suit different needs
⚠️ Cons
- No FSCS protection — funds are safeguarded but not covered by UK deposit insurance
- Many advanced features require paid subscription plans
- Free currency exchange limited to £1,000/month on Standard plan
- Can feel overwhelming for users seeking simple banking
- Customer service primarily app-based with variable response times
- No personal loans or mortgage products
- Cash deposits not available in the UK
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.
How We Compare Digital Banks
Compared with traditional UK digital banks like Starling or Monzo, Revolut excels in international features, multi-currency management, and investment integration rather than core banking services. It's best suited for users who prioritize global flexibility over FSCS protection and require advanced financial tools beyond standard current accounts.
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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