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What are the benefits of using Revolut?

The main benefits of using Revolut are the fee-free card spending overseas and the ease and low costs of overseas bank transfers. Transfers up to £1,000 per month are free if you exchange the money between Monday and Friday. Transfers between Revolut customers are always free.

Does Revolut have a bank licence?

In December 2018, Revolut secured a specialised bank licence from the European Central Bank, facilitated by the Bank of Lithuania, authorising it to accept deposits and offer consumer credits, but not to provide investment services. At the same time, an Electronic Money Institution licence was also issued by the Bank of Lithuania. [ 21][ 22]

Does Revolut Trading Ltd provide investment advice?

Revolut Trading Ltd provides a non-advised reception and transmission of orders service in shares. Revolut Trading Ltd does not provide investment advice or personal recommendations.

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