Revolut review

Founded in 2015 and based in London, UK, Revolut is a multi-currency fintech. Revolut is authorised and regulated by FCA, ECB, FinCEN, which means customer money is safeguarded separately from company funds. It currently holds a Trustpilot score of 4.7 out of 5 from roughly 458,066 reviews, which we rate excellent.

On the fee side, expect free up to £1,000/month, then 0.5%, but the bigger cost is usually the exchange-rate markup of 0% weekdays, 0.5-1% weekends, which is built into the rate rather than shown as a line item. The minimum transfer is $1, with no fixed upper limit on most corridors. In our own rate collection, across the 40 corridors we track for Revolut, its exchange rate has averaged 0.62% from the mid-market rate.

Delivery speed is quoted at instant to 3 days, and the service reaches 150+ countries across 36+ currencies. You can fund a transfer by Bank Transfer, Debit Card and Revolut Balance, with money delivered via Bank Deposit and Revolut Account. The mix of funding and payout options is a good guide to which corridors Revolut handles best.

On the plus side: interbank rates during market hours, free transfers between revolut users and multi-currency account. That makes it a sensible choice for people who send to a wide spread of countries from one account. Worth keeping in mind: weekend markup of 0.5-1% and free tier has monthly limits.