Revolut: Spend, Save, Trade

Developer

Revolut Ltd
Category

Finance
Version

10.66
Android OS

7.0 and up
Downloads

50M
Content rating

Everyone

Pro

👍 Sure! Here are three advantages of using the Revolut app for spending, saving, and trading:

👍 1. **Multi-Currency Accounts**:

👍 - Revolut allows users to hold and exchange money in multiple currencies at competitive exchange rates. This is particularly useful for frequent travelers and businesses that operate internationally, as it eliminates the need for multiple foreign bank accounts and reduces currency conversion fees.

👍 2. **Integrated Financial Services**:

👍 - Revolut offers a comprehensive suite of financial services within a single application, including budgeting tools, savings accounts with competitive interest rates, stock trading, cryptocurrency trading, and more. This centralized approach makes it easier for users to manage their finances without having to switch between different apps or service providers.

👍 3. **Real-Time Spending Analytics**:

👍 - The app provides detailed insights and analytics on spending habits, helping users to better understand and manage their expenses. Features such as categorization of expenditures, budget setting, and instant spending notifications empower users to keep track of their finances more effectively and make informed financial decisions.

👍 These advantages make Revolut a versatile and user-friendly platform for managing various financial needs.

Con

👎 Sure, here are three potential shortcomings of the Revolut: Spend, Save, Trade application that some users may experience:

👎 1. **Customer Support**:

👎 - **Issues**: Some users report that Revolut's customer support can be slow to respond and less helpful than desired in resolving issues. Since the service heavily relies on the app and online presence, the lack of immediate and effective customer service can be frustrating.

👎 2. **Account Restrictions and Freezing**:

👎 - **Issues**: There have been instances where Revolut accounts get temporarily restricted or frozen for security checks without prior notice. This can inconvenience users who rely on the account for regular transactions, as resolving such issues can sometimes take longer than anticipated.

👎 3. **Fee Structure Complexity**:

👎 - **Issues**: While Revolut offers competitive fees for many services, understanding the fee structure can be complex. For instance, fees related to currency exchange, ATM withdrawals beyond the monthly limit, and certain premium features may not be immediately clear to all users, potentially leading to unexpected charges.

👎 These points reflect common criticisms but may not represent the experience of every user.

Google Play

Apple Store