Revolut in Ukraine, is it worth using the new online bank
The British fintech-giant Revolut officially announced the start of work in Ukraine, providing Ukrainians with access to their advanced financial services.
Now residents of Ukraine can open European accounts in the Revolut bank, send instant and free transfers between users of the application, and also pay without problems for purchases made abroad.
It would seem why Ukrainians begin to use a new banking application, because there is such a familiar privat24 and Monobank?
But unlike its competitors, Revolut is a European bank and guarantees a refund of deposits in the amount of 100,000 euros, which at today's rate is 4,300,000 hryvnias.
While customers of Ukrainian banks, in case of bankruptcy, can receive compensation from the deposit guarantee fund only 600,000 hryvnias or 7 times less, and European guarantees are still more reliable than Ukrainian ones.
In addition, Revolut is more than just a bank, it has advanced possibilities for investing in securities, precious metals and cryptocurrencies.
What is Revolut?
Founded in 2015 by Nikolai Grandovo and Vlad Yatsenko, Revolut offers a wide range of financial services through a mobile application without physical departments.
Among the basic possibilities are multi -ore accounts, exchange of currencies at the interbank course, international translations and much more.
The benefits of using Revolut in Ukraine
Multiculating accounts and cards: Users can store and exchange more than 30 currencies at the Revolut course without additional commission on weekdays within the limits of the selected tariff plan.
The multicellular card allows you to automatically convert funds at a favorable rate, when paying in different countries, which is especially convenient for travelers and those who make purchases abroad.
The convenience of registration through "DIY": Revolut was the first of foreign banks to integrate the design of documents through the "DIA" application for user identification, which makes the registration process fast and safe.
The affiliate program, thanks to which you can recommend the application to friends and earn from 30 to 55 euros. Registration in the partner program Revolut
The presence of the opportunity to connect a children's card up to 18 years, which will teach the child to use banking services under your full control.
Additional functions of the mobile application Revolut
Budgeting and expenses analyst: the application provides tools for budget planning, tracking expenses and financial management, helping users effectively control their funds.
Investment opportunities: Registration in Revolut offers access to shares trading, cryptocurrency bonds and other investment tools directly from the application.
However, it is worth noting that commissions for such operations can be much higher compared to traditional brokers. Therefore, for active trading on the exchange, it is recommended to use specialized brokers .
Insurance services: Users can issue travel insurance, purchases and tickets directly through the application, providing additional protection in various life situations.
Revolut Bank tariff plans
Registration in Revolut offers several tariff plans, on which the amount of free cash withdrawal at the ATM, the size of the commission on investment operations and some other tariffs depends.
Standard: Free plan with basic functions for daily use.
Plus: For 3.99 € per month, users gain additional advantages, such as priority support and purchase protection.
Premium: For 9.99 € per month, advanced opportunities are available, including increased currency exchange limits and additional insurance services.
Metal: For 15.99 € per month, premium functions are provided, such as exclusive metal cards and increased limits for cash withdrawal without a commission. Travel insurance and business halls.
The launch of Revolut in Ukraine opens up new opportunities for managing personal finances, offering modern tools and a convenient service for users. Registration in Revolut