Revolut is a popular mobile app designed for Android devices that offers users a simple and convenient way to manage their finances. It is a free-to-download app that can help you spend, save and trade your money with ease.
Features:
Virtual debit card
One of the most notable features of the Revolut app for Android is its virtual debit card. This feature allows you to make online purchases without revealing any of your personal details. The virtual card can also be used to withdraw money from ATMs around the world, giving you greater flexibility when travelling abroad.
Currency exchange
The Revolut app makes exchanging currency quick and easy, and offers some of the best exchange rates in the market. With just a few taps, you can exchange currencies from over 30 countries, and even set custom alerts for when the rates change in your favour.
Budgeting tools
The app also includes a number of budgeting tools that can help you keep track of your spending, set savings targets, and create custom categories for your expenses. You can even receive notifications when you're close to reaching your budget limits or when you've made a payment on your Revolut card.
Pros:
Easy-to-use interface
The user interface of the Revolut app is simple and intuitive, making it easy for anyone to use regardless of their level of financial knowledge. The app's design is modern and attractive, and provides a wealth of information about your transactions and account balance.
No hidden fees
Unlike many traditional banks, Revolut does not charge its users hidden fees for things like international transactions. With this app, you can enjoy free international payments and transfers, making it an excellent choice for frequent travellers or those who do business overseas.
Highly secure
Revolut takes the security of its users seriously, and has implemented a number of measures to keep your personal and financial information safe. These include two-factor authentication, biometric login (with fingerprint or facial recognition), and the ability to freeze and unfreeze your card instantly if it is lost or stolen.
Cons:
Limited ATM withdrawals
While the Revolut app's virtual debit card is convenient for making online purchases, it does have certain restrictions when it comes to ATM withdrawals. Free ATM withdrawals are limited to £200 per month, after which you'll need to pay a 2% fee. This may not be ideal for heavy users who are frequently withdrawing money from ATMs.
No interest on savings
The savings vault feature in the app is useful for setting aside money for a specific goal, but there is no interest paid on the balance in the vault. This means that you won't earn any extra money on your savings, unlike some other banking apps that offer interest-earning savings accounts.
Not available in all countries
At present, the Revolut app is not available in all countries around the world. If you live in an area where the app is not yet available, you'll need to look for an alternative mobile banking solution.
Comparison to similar apps:
Compared to similar mobile apps, like Monzo or N26, Revolut offers a wider range of features, including international bank transfers, cryptocurrency trading, and budgeting tools. However, it does have some limitations when it comes to ATM withdrawals and savings interest rates. Ultimately, the choice of which app to use will depend on individual needs and preferences.
Tips for using the app:
If you're new to the Revolut app, here are a few tips to help you get started:
Set up your budget:
Create custom categories in the app to help track your spending and stick to your budget. You can also set targets for each category to avoid overspending.
Use the virtual debit card:
Take advantage of the virtual debit card for online purchases and ATM withdrawals, especially when travelling abroad. You'll avoid foreign transaction fees and get the best exchange rates available.
Create saving goals:
Utilise the savings vault feature to create saving goals and set aside funds for specific purposes or future events.
Conclusion:
All in all, Revolut for Android is an excellent mobile app for managing your finances. It offers a wide range of features, including budgeting, currency exchange, and international transfers, and is highly secure and user-friendly. While it does have some limitations, such as ATM withdrawal restrictions and no interest on savings, it is still a strong contender in the mobile banking market. We highly recommend giving it a try if you're in need of a great financial management tool that is both flexible and portable.
Updated 05-17-2023
Overview:
Revolut is a popular mobile app designed for Android devices that offers users a simple and convenient way to manage their finances. It is a free-to-download app that can help you spend, save and trade your money with ease.
Features:
Virtual debit card
One of the most notable features of the Revolut app for Android is its virtual debit card. This feature allows you to make online purchases without revealing any of your personal details. The virtual card can also be used to withdraw money from ATMs around the world, giving you greater flexibility when travelling abroad.
Currency exchange
The Revolut app makes exchanging currency quick and easy, and offers some of the best exchange rates in the market. With just a few taps, you can exchange currencies from over 30 countries, and even set custom alerts for when the rates change in your favour.
Budgeting tools
The app also includes a number of budgeting tools that can help you keep track of your spending, set savings targets, and create custom categories for your expenses. You can even receive notifications when you're close to reaching your budget limits or when you've made a payment on your Revolut card.
Pros:
Easy-to-use interface
The user interface of the Revolut app is simple and intuitive, making it easy for anyone to use regardless of their level of financial knowledge. The app's design is modern and attractive, and provides a wealth of information about your transactions and account balance.
No hidden fees
Unlike many traditional banks, Revolut does not charge its users hidden fees for things like international transactions. With this app, you can enjoy free international payments and transfers, making it an excellent choice for frequent travellers or those who do business overseas.
Highly secure
Revolut takes the security of its users seriously, and has implemented a number of measures to keep your personal and financial information safe. These include two-factor authentication, biometric login (with fingerprint or facial recognition), and the ability to freeze and unfreeze your card instantly if it is lost or stolen.
Cons:
Limited ATM withdrawals
While the Revolut app's virtual debit card is convenient for making online purchases, it does have certain restrictions when it comes to ATM withdrawals. Free ATM withdrawals are limited to £200 per month, after which you'll need to pay a 2% fee. This may not be ideal for heavy users who are frequently withdrawing money from ATMs.
No interest on savings
The savings vault feature in the app is useful for setting aside money for a specific goal, but there is no interest paid on the balance in the vault. This means that you won't earn any extra money on your savings, unlike some other banking apps that offer interest-earning savings accounts.
Not available in all countries
At present, the Revolut app is not available in all countries around the world. If you live in an area where the app is not yet available, you'll need to look for an alternative mobile banking solution.
Comparison to similar apps:
Compared to similar mobile apps, like Monzo or N26, Revolut offers a wider range of features, including international bank transfers, cryptocurrency trading, and budgeting tools. However, it does have some limitations when it comes to ATM withdrawals and savings interest rates. Ultimately, the choice of which app to use will depend on individual needs and preferences.
Tips for using the app:
If you're new to the Revolut app, here are a few tips to help you get started:
Set up your budget:
Create custom categories in the app to help track your spending and stick to your budget. You can also set targets for each category to avoid overspending.
Use the virtual debit card:
Take advantage of the virtual debit card for online purchases and ATM withdrawals, especially when travelling abroad. You'll avoid foreign transaction fees and get the best exchange rates available.
Create saving goals:
Utilise the savings vault feature to create saving goals and set aside funds for specific purposes or future events.
Conclusion:
All in all, Revolut for Android is an excellent mobile app for managing your finances. It offers a wide range of features, including budgeting, currency exchange, and international transfers, and is highly secure and user-friendly. While it does have some limitations, such as ATM withdrawal restrictions and no interest on savings, it is still a strong contender in the mobile banking market. We highly recommend giving it a try if you're in need of a great financial management tool that is both flexible and portable.