Revolut is moving forward and from today is officially available to US customers.
“America, we come bearing good news in these uncertain times. Revolut, the financial super app trusted by more than 10 million people worldwide, has landed in the United States”. writes Revolut on his blog
What does Revolut bring to American customers?
The Revolut relies on the following points:
- Spend and send money overseas
U.S. customers can spend and send money overseas at the real exchange rate, with no hidden fees. Equally, they can hold and exchange 28 currencies in the app, including British Pounds, Canadian Dollar and the Euro.
- Get your salary in advance
U.S. customers will be able to get their salary up to two days in advance via direct deposit at no cost. All deposits for U.S. customers are FDIC insured up to a value of $250,000.
- Built-in budgeting
Struggling to keep your finances in check? With Revolut, you can see exactly how much you are spending each month on things like groceries and restaurants. Even more, you can set up monthly budgets for these individual categories, too. As you get close to your budget, we’ll ping you a message to let you know.
- Round-up your spare change
Saving up for that dream vacation? With Revolut Vaults, you can round-up every card payment to the nearest Dollar and build-up your spare change. Interestingly, the average Revolut customer puts about $20 aside each week through Vaults.
- Send and request money from friends
Assuming you both have a Revolut account, U.S. customers can send money to, and request money from, each other, instantly and for free. You can also send and request money from other Revolut customers around the world, instantly and for free.
- Instant spending notifications
Every time you make a card payment, we’ll send a notification to your phone, telling you exactly how much you spent and where. You should get this even before the cashier hands you over the receipt.
- Free disposable virtual card
With our disposable virtual cards, each time you make a payment online, we’ll automatically destroy those card details, then instantly generate new details in the app. This helps protect our customers against online card fraud.
The plan is to introduce more features to the U.S. over the coming months, but we’re confident that you —and the tens of thousands already signed up in the States— will have a great experience with what’s on offer right now.
- Security at your fingertips
In addition to being a regulated financial organization, Revolut is a technology company, which means we take data and privacy seriously. You can customize your Revolut card in the app, turning on/off individual features including swipe payments, contactless payments, and ATM withdrawals.
- Simplification of fees
For too long, overcomplicated products, hidden fees, and financial services that don’t work together have made money management a pain. That brings us back to our vision of creating one app where you can manage your entire financial life.
Revolut Ltd is a British financial technology company that offers banking services including GBP and EUR bank accounts, a MasterCard prepaid debit card or a VISA debit card, fee-free currency exchange, stock trading, cryptocurrency exchange and peer-to-peer payments.
The Revolut mobile app supports spending and ATM withdrawals in 120 currencies and sending in 29 currencies directly from the app. It also provides customers access to cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and XRP by exchanging to or from 25 fiat currencies.