Revolut Bet365
Revolut is a digital bank. It started in 2015 as a travel card providing cheap exchange rates, and it is now slowly becoming a bank.
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It is the fastest growing digital bank with the widest array of features. A top choice for those who travel frequently. However, in the UK it might not be able to fully replace your bank.
While at the time of writing it is not operating as a bank, it is slowly becoming one, having received a banking license in December 2018. As a result, Revolut itself doesn’t store your money, it uses Barclays and Lloyds for that. Since it is not yet a bank, it does not offer any deposit protection.
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Revolut Review 2020
Revolut pros and cons
Pros
- Can top-up in and hold several currencies
- An array of expanding extra features (e.g. cryptotrading, disposable virtual cards)
- Premium subscription options with handy perks (e.g. travel insurance)
Cons
- Customer accounts can be frozen temporarily due to security reasons
- Has a banking license, but no current accounts yet (no deposit guarantee or standing orders, direct debits only in EUR)
- Poor customer support
Account opening and maintenance fee
Account opening is free and maintaining your account is also free, with no monthly cost.
Card fees
In the free plan, it costs €5.99/£4.99 to get your first physical card delivered. This is included free in the Premium account.
ATM fees
Withdrawing money from any ATM is free up to €200/£200 per month and it costs 2% after that.
Transfer fee
It’s free to transfer money from your Revolut account to any other international bank with normal wire transfers, and transferring in the same currency is also free. However, there is a charge to use SWIFT.
Currency exchange fee
Exchange rates are always real on Revolut, which means there’s no difference between the buy and the sell price. This is true both when doing an international transfer and when you use an ATM to withdraw money.
Exchanging currencies with Revolut is free up to €1,000/£1,000 per month on weekdays, but it costs 0.5% above this amount.
On weekends it costs between 0.5-2.0% to exchange, both on the free and the paid accounts.
Top-up fee
Revolut does not charge a fee when you top up your account using another bank card.
Revolut Review 2020
Revolut vs. Transferwise
| Revolut | Transferwise | |
|---|---|---|
Multicurrency account | Yes | Yes |
ATM withdrawal fees (standard account) | €200/£200 /month free 2% after | £200/month free, 2% after |
International transfer fee |
(exc. SWIFT) | €0.5-2.0 |
International transfer exchange fee | 0.5-2.0% on weekends €6,000/£5,000 /month free, additional 0.5% after | 0.35-2.00% |
Revolut Review 2020
Revolut account opening
Opening an account at Revolut is super easy: it takes only a few minutes to do it via your phone, and you will receive your physical card just a couple of days later.
Revolut countries
Revolut is available in the EEA countries, Switzerland, Australia and since March 2020 in the United States of America as well.
Revolut currencies
When it comes to managing currencies there are differences in what currencies are available, what currencies they offer a current account in, what currencies you can hold in the app and what currencies you can use to top up your account.
Current accounts
Available in 28 currencies: AED, AUD, BGN, CAD, CHF, CZK, GBP, HKD, HRK, ILS, ISK, JPY, MAD, MXN, NOK, NZD, PLN, QAR, RON, RSD, RUB, SAR, SEK, SGD, THB, TRY, USD, ZAR.
Currencies in the app
There are 35 currencies you can use to exchange money within the app: AED, AUD, BGN, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, ILS, INR, ISK, JPY, MAD, MXN, MYR, NOK, NZD, PHP, PLN, QAR, RON, RSD, RUB, SAR, SEK, SGD, THB, TRY, USD, ZAR.
Top-up currencies
You can top up your Revolut account in 15 currencies: AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, JPY, NOK, PLN, RON, SEK, USD, ZAR.
Revolut cards overview
Revolut cards are available from Mastercard and Visa. You can’t pick your own preference, so which one you’ll get is going to be random. In both of the premium plans, though, you can pick a design for your cards from a couple of colors, like grey or rose gold, which is not available in the free plan.
Revolut Premium account benefits
Revolut comes with two premium tiers. The first is simply called Premium and it costs €7.99/£6.99 per month. The higher tier, called Metal, costs €13.99/£12.99. The additional benefit here is that the physical card is a metallic card, instead of a standard plastic card.
Revolut top-up methods
At Revolut, you can use the following top-up methods:
- Bank transfer
- Credit/debit cards
- Apple Pay
Revolut Review 2020
Revolut banking features
While Revolut is not a full-blown bank yet, in some aspects it works similarly or even better than your high street bank:
- You can see your spending categorized by the type of transaction (e.g. shopping, restaurants).
- You can set monthly budgets and spending goals, both overall and for different spending categories.
- You can send money to other Revolut users instantly and for free. You can also send a money request to another user.
- Smart savings are also available, where Revolut will round up the amounts you actually spend and store the difference as savings.
- These savings can also be stored separately for easier overview and management.
- It supports direct debits, but only in EUR.
- You can set up Apple Pay in some countries.
- You can set up Google Pay in some countries.
- You can use 3D Secure online payments.
In other aspects, it lacks some features that are common for its competitors:
- Revolut offers no interest on your savings.
- Overdrafts are not possible.
- Joint accounts are also not available.
Revolut Review 2020
Revolut additional features
While you can only use Revolut through your mobile app and it is not available on a desktop computer as a website, it does offer several other additional features:
- Personal loans
- Phone insurance
- Travel insurance
- Virtual cards
- Cryptocurrency purchase
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Revolut Review 2020
Revolut customer service
You can contact Revolut via:
- Live chat
- Phone: The phone support is automated and can only be used for blocking your card.
Customer service is available 24/7.
Since its launch in 2015, Revolut has earned a reputation for being one of the best digital banking alternatives worldwide, and it’s already got 1.6 million customers in the UK alone.
Its success derives from the fact that Revolut caters to customers who seek a level of convenience that may not be offered by traditional banking methods. It is now an accepted money transfer method in 130 countries, and prides itself in having saved customers £560 million in fees to date!
Using Revolut at online casinos
Can you use Revolut to gamble online?
No, you can’t! New regulations in the UK forbid online casinos from accepting credit cards or payments from money services like Revolut:
“The new requirements mean that UK gambling companies cannot accept credit cards or payments made through a “money service business” such as Revolut.
This applies to all non-remote general betting, pool betting and betting intermediary licences, and all remote licences. While many people gamble responsibly using a credit card, the aim of these new regulations is to help protect those most at risk from gambling money they do not have.” (Revolut Blog).
Alternatives to Revolut
Although Revolut is no longer accepted, don’t get discouraged! There are some alternatives you can choose instead.
Down below we have listed some highly-recommended options, that are reliable, trusted and efficient:
The above are only a few of the alternative payment methods accepted by UK online casinos.
To find more alternative payment methods, check out our Online Casino Payment Methods article here.
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Play at the most reliable casinos
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The best online casinos accept most of the above-mentioned payment methods together with a few others.
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Below we have provided a shortlist of the best UK online casinos that rank well when it comes to safety, payment solutions and Responsible Gambling :