Virtual Banking App Revolut Launches in the US

[vmistery]

I use Revolut when I’m abroad or buying something in another currency as it’s cheaper than using my banks (a UK one) or PayPal’s conversion rate. For day to day banking though i still have my traditional bank account for day to day stuff. Their free tier is fine, they do suggest you upgrade but the benefits just don’t save me anything personally. Sounds like the US market might actually be more competitive though? Just to add we don’t usually pay for current account here in the U.K. either although there are some around.

 

[rodpascoe]

i dont use brick morter that much but i think Revolut is fake, prove it otherwise. Share some real information.

Surely at this point you're just trolling, yes? We don't have to prove otherwise to you, do your own research.

On topic, I use Starling in the UK. Free personal and free business accounts. Incredible phone and message support and zero fees. Have converted all my family and friends to them too. Awesome company.

 

[AppliedMicro]

Revolut's cheap, easy to use app - though I wouldn't trust and rely on them for support.

I've waited on their online chat for 4+ hours more than once - and then, sometimes when I couldn't reply immediately, they just closed the session after 30 minutes or so.

Oh, they also managed to shut down/cancel cards literally overnight for entire countries' user bases (non-EEA countries like Switzerland).

 

[MisterSavage]

Seems odd they would have the high yield savings "coming soon". That's what would interest me the most.

I prefer going to a real bank that is nation wide with brick and mortar locations. Not a fan of digital only banks or local banks. If you travel, well good luck with fees in another state.

Some online banks like Ally will reimburse you for those fees. With Ally it's $10 a month max but that is more than I would ever need.

 

[bgalakazam]

Just look at the two Russians heading it and one of their fathers is a director at Gazprom. No conspiracies here, just straight facts. Shady company with suspected Kremlin ties. Mostly used in third-world countries and Eastern Europe.

 

[Oberhorst]

Just look at the two Russians heading it and one of their fathers is a director at Gazprom. No conspiracies here, just straight facts. Shady company with suspected Kremlin ties. Mostly used in third-world countries and Eastern Europe.

Oh they're Russian so they must be tied to Kremlin 🤦‍♂️ Straight facts, huh?

It's mostly used in Great Britain and Ireland btw, not "third world countries and Eastern Europe", and quite popular all over Europe. Just plain wrong and ignorant.

 

[bigchrisfgb]

Seems stupid.

The idea is good, but other banks do it better.
Here in the UK they do not actually having a banking licence, however both Starling and Monzo do.
It’s easier to do regular banking than using a branch, and everything is focussed on being able to do things quickly and easily.
Some benefits such as no commission currency conversion won’t appeal to most in the USA.