Musings on the Future of the Web
Revolut is a banking app which is based in the UK and Europe, but is planning to branch out to offer service to customers in the USA and worldwide.
The bank – known as a Challenger Bank – offers several fee free services which traditional banks charge for, such as commission and fee free currency transactions, debit card services, and money transfers (instant to other Revolut account holders, and subject to delays to sort code / account number recipients in the same country or European banks).
The data services are exceptional too at Revolut, and integrations are available with most good accounts software, allowing you to keep track of your spending, automatically.
Up until a few weeks ago, I was recommending Revolut and Revolut Business as good “challenger bank” accounts, owing to their fee-free and near-instant transactions, virtual cards, and a range of other services which made them a compelling financial technology.
However, in recent weeks, I’ve had cause to slowly step away from the service, for the following reasons.
A quick post to make a recommendation of a banking product for business which is not truly horrible.
Is there a UK equivalent to the Robinhood share trading app which allows fee-free share trading and buy & sell transactions?
