neobank
Revolut
Headquarters: London, United Kingdom • Founded: 2015
About Revolut
Revolut is one of the world's largest neobanks, founded in London. It provides customers with digital banking services including currency exchange, debit cards, interest-bearing vaults, and crypto trading. Revolut allows retail users to buy, sell, and transfer major cryptocurrencies directly inside the app, acting as a crypto-friendly bridge for millions of retail users.
Regulations & Trust Profile
Banking License Type
e-money license
Licensed/Regulated By
FCA, ECB
MiCA Compliant (EU)
Yes
Deposit Insurance
FIB (up to $100,000)
Supported Services & Assets
Fees & Pricing
Account Monthly Fee
Free
Crypto Trading Fee
1.49%
Wire Transfer Fee
Free
Crypto Withdrawal Fee
$1.5
Pricing Notes: Premium tiers offer reduced trading fees down to 0.99%.
Pros
- Multi-currency support
- Instant crypto trading
- Debit card cashbacks
Cons
- High crypto trading fees on free tier
- Custody is co-mingled by default
Frequently Asked Questions
Is Revolut safe for crypto?
Yes, Revolut is a digital-first neobank that integrates crypto trading, holding, and payments within its app, offering direct card cashbacks and instant buy/sell orders.
Is Revolut FDIC insured?
Yes, standard cash deposits are insured under the FIB scheme up to $100,000 or local equivalents. However, government deposit insurance schemes do not cover cryptocurrency holdings.
Does Revolut support business accounts?
Yes, Revolut supports corporate and business accounts. Startup and business verification is subject to standard AML and company registration checks.
What countries does Revolut operate in?
Revolut operates primarily in United Kingdom, and supports international clients from GB, FR, DE, IT, ES, NL, CH, US, SG, AU.
What are Revolut's crypto fees?
Monthly account fees are $0. Crypto trading fees are 1.49%.
Can I send crypto directly from Revolut?
Yes, you can transfer crypto assets to external wallets.