Revolut offers a free virtual bank account with extensive benefits not known from a regular bank. Revolut is not intended as a substitute for a normal bank account, but to supplement it.
One of the special features is that you can add funds with an existing credit card to your own Revolut account, which are then available immediately for further use (transfer to a bank account or directly to another Revolut user, payment with the included payment card or free conversion into another currency at the interbank exchange rate). The entire administration takes place via the Revolut mobile app, regular online banking via a web browser on the computer is obsolete.
So if you want to pay a bill by credit card although the invoicing party only supports payment by bank transfer, you simply first add the necessary funds by credit card to your own Revolut account using the mobile app (if it doesn't already hold funds) and then do the bank transfer from there (done in no time once the data is stored in your Revolut account).
This is especially beneficial for people in countries not using the Euro currency for not having to accept additional fees and a disadvantageous exchange rate!
Revolut is ideally suited to avoid missed payment deadlines (no need to go to your bank, no uncertainty as to whether a payment has been made, no delay of several days until the recipient receives a payment), as well as to pay on vacation abroad at no extra costs in local currency, to send money to family members, friends or relatives quickly, or e.g. to split a restaurant bill, and never lose track of it thanks to the mobile app with integrated budget management.
Sign up to Revolut with benefits by using our following link:
Simply visit that link on your mobile phone, computer or tablet, enter your own mobile phone number there and you will receive the link for the app download via text message. This works on both Android and iPhone. Then open the Revolut app and follow the instructions.
Registration with Revolut is done via the mobile app in just a few minutes. All you need is your own mobile phone and your passport (to take a picture with the app). To order the free payment card, you have to top-up your Revolut account with the equivalent of at least 10 EUR (this is for verification purposes only, the amount is then available for free use). Once done, the card will be shipped to your address not long after.
The free standard account already offers a lot, but who wants to take even more services from Revolut, can subsequently also switch to a paid account plan.
There is also a free Revolut for Business account, which comes with different allowances than a personal account, but it is still completely free with up to two free payment cards and offers currency exchange at the interbank exchange rate with a very low markup. It is of advantage to register a personal account for easier verification first.
Revolut is currently supporting legal residents in the European Economic Area (EEA), Switzerland, Australia and the United States of America. The EEA includes:
Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom.
It used to be the case that if you wanted to send money to, or receive money from friends and family in the U.S., you’d have to wait days for payments to clear. The process was slow and costly, but now that we’re live across the pond, you’ll be able to send money between Europe and the United States (and anywhere else your Revolut friends happen to be) instantly, and for free.
Sign up with benefits by clicking on the picture above or HERE!