Who is behind Revolut

The offer free is in place so that you can test the services, with 5 free transfers authorized on the territory on which you depend (the commissions are then 0.20 € on each transfer).

Revolut: We tested online bank for you

You are self-employed and look for a 100 % online professional bank account ? You perform many transactions with international customers ? To help you in your choice, our team has tested Revolut, a neobank that offers services dedicated to micro- companies . Here is our full opinion on this solution as well as a detailed description of their offer !

You want information on several online banks ?

What is Revolut ?

Revolut is a online bank Created in 2015 by two British, Nikolay Storonsly and Vladyslav Yatsenko. Originally, this company simply proposed a service Multidism bank account allowing to make and receive payments abroad, at low cost.

Thanks to several spectacular fundraising, the startup has developed and today offers many features for entrepreneurs.

In just a few years, this neobank has won millions of customers and has established itself in many countries in Asia and Europe. Revolut Account Today more than 25 million users (professionals and individuals).

A neo-banner is a 100 % online bank Accessible via your computer or smartphone. Unlike traditional banks (Crédit Agricole, Banque Populaire, etc.), this type of structure does not have a physical agency.

Want to know more to choose the right bank online ? Discover our ranking of the best digital neo-banks !

Which is intended for the revolut bank account ?

Revolut is accessible to individuals as well as professionals (revolut business), whether in micro-enterprise or in society. Completely digital, it is rather adapted to those who:

• Wish be autonomous in the management of their bank account
• Want to manage their accounts intuitively and fun, with a clear overview of their accounts

Thanks to reduced costs on payments outside France, this new generation bank account will also be suitable for professionals who regularly move abroad for their activity.

Revolut: Advantages and disadvantages

Revolut opinions show that it is appreciated by professionals, because its application is easy to access and very intuitive . The company also offers a standard, free offer, allowing you to test the features offered (opening of an account, finance management, shipment of money abroad, etc.)).

The company also offers several types of paid offers:

• Personal
• Business
• Self employed

What we liked

The opening of the account takes only a few minutes and requires no proof of income. The real feature of Revolut is also to offer reduced costs For foreign currency operations.

Other very important points:

• The application allows you to instantly generate accounts in foreign currencies. More than 30 different currencies are proposed, from the euro to the dollar via the Swiss franc or the yen. Thanks to the Iban attached to your account, you can also perform international transfers .
• The company has integrated the 3D Secure 3D authentication system in its features. You will be able to carry out transactions with the Revolut card, on sites that use this technology.
• With Revolut Connect, you can connect your account to Tools and applications to manage your daily life : Management of costs notes with Xero or instant notifications during movements on your account with Slack.
  Note Bene: Revolut regularly adds new applications to its portfolio.
• Revolut has a European banking license . Ultimately, this will allow him to offer a French RIB, and no longer only Lithuanian (previously British). This means that administrations such as URSSAF or taxes will then be able to take contributions from your Revolut account, which is not currently possible.

Vigilance points

As with other mobile banks, Revolut does not offer no loan, booklet, authorized overdraft or insurance .

Although customer service is in English, the registration process is now fully achievable in French. So if you are not comfortable with Shakespeare’s language, don’t worry ! You can always connect to an online translator, like Google Translate. The linguistic barrier will not make you miss this offer !

Finally, it should be noted that your account will start with a Foreign iban . Do not panic, you can apply for a change of Iban if you want to have a Frenchman. You will simply be asked to enter additional information for control purposes.

Note all the same that social security contributions cannot be taken automatically from your revolut account. You will have to make a manual transfer, which takes at most a few minutes each month or quarter.

Open a revolut bank account, step by step

1/ Registration on the website

To open a professional account at Revolut, simply fill out a short online form. You don’t need to scan multiple supporting documents, Only the photo of your identity card enough. Count about 10 minutes For registration, which you can do on the site or via the mobile application. A real time saving if you want our opinion.

Please note, revolut request additional information if you opt for a business offer, for example the nature of your activity or your domiciliation address.

2 / Examination of the candidacy

Once the form is sent, the revolut team will check if you can subscribe to the offer . If necessary, a customer service advisor will contact you . The official creation of your bank account will take between 1 and 7 days . The associated bank card will be sent to you within a few days also .

3 / Download the application

To access Revolut, you must therefore connect directly to the interface . For more comfort and speed, we advise you to download the application . This is available from Google Play and the Apple Store in French .

4 / Food of the bank account

Please note, the startup does not accept Neither checks nor species . To put money on your bank account, several solutions are available to you:

• Bank card (the funds then automatically appear in your revolut account)
• Bank transfer (Sepa, Swift)
• Paypal (delay of approximately 2 days)
• Apple Pay or Google Pay (unavailable for Mastercard cards)

Note that holders of a revolut account (business or personal) can send money instantly and free of charge according to a certain quota.

Please note: for international transfers made beyond your quota, you will be billed about $ 3 per transaction. You can also be billed for the currency exchange.

The features offered by Revolut

In addition to conventional transactions of type transfers and bank levies, Revolut offers other services.

Use of virtual bank cards

To further secure internet transactions, Revolut offers customers to use a virtual bank card .

Available directly from the application, these cards will allow you to pay your purchases using a unique code (and not the codes of your professional bank card). This is an excellent solution to avoid hacking your account and resale of data !

You will find all your bank cards in the Home menu> Revolut application cards.

Revolut also offers ephemeral virtual cards ! Concretely, the card numbers are changed automatically with each transaction to avoid the risk of fraud.

Management of the bank account and expenses

Thanks to the mobile application, you can view your Real -time balance and will be notified after each operation (this feature can be deactivated). As a traditional bank would, revolut Also class your expenses in different categories and can even give them an image. At a glance, you can therefore follow the money movements in your account . This is also very useful for making monthly assessments .

Bank card management

Remote security is probably the most advantageous functionality of this neobank . In case of loss or flight, you do not need to call your advisor to block your bank card . This can be done directly from the application and at any time. In the same way, you are free to activate or deactivate the contactless payment of your card.

Creation of partnerships

Revolut has negotiated discounts (called “perks”), with its program Revolut Rewards . Collaborations with several companies such as Slack (collaborative messaging), Google ADS (advertising on Google) or Customerly (customer service software), which could be useful to you in the context of your activity development.

However, this feature is only accessible if you are a customer of Premium offer .

Revolut bank account price

To link a bank account to your auto-entrepreneur activity, Revolut Business offers 4 offers for professionals :

• Free , A completely free offer
• Grot , at 25 € per month
• Scale , at 100 € per month
• Enterprise , whose price and options are tailor -made

As part of a self-enterprise, two offers will be particularly interesting for your activity: Free and Grow . Zoom on these advantageous offers.

Free, ideal for starting

The offer free is in place so that you can test the services, with 5 free transfers authorized on the territory on which you depend (the commissions are then 0.20 € on each transfer).

You are also subject to same commission rates on online transfers that other subscriptions (1 % + 0.20 € for European cards and Revolut Pay / 2.8 % + 0.20 € for any other card).

Grow, perfect for developing you

With 10 free international transfers and 100 in the establishment territory (monthly), the Grow offer to 25 € per month seems the most interesting for your self-employed situation. You also have a Metal Card , allowing to pay or make withdrawals and a Priority assistance 24 hours a day, 7 days a week .

In addition, if you want to change your currency for another (for example the euro in the book), you will not pay any commission up to € 10,000 ! Beyond that, Revolut will take a percentage of 0.4 %.

Note that this premium offer gives you access to various advantages, such as Rewards revolut program or the possibility of achieving mass payments (create and send several payments both for a customer).

You can turn to L E Personal Revolut model . Again 4 offers are available: one free and prices Between 2.99 and € 13.99 per month . You can notably get a Free European Iban .

Our team’s opinion

Revolut is on the right track to become A major ally for self-employed ! Thanks to its free offers and the possibility of opting for a personal or business account, it is accessible to small budgets which cannot afford to spend several tens of euros for the management of their bank account . Revolut is ideal if you have foreign customers and you depend on international transfers.

The platform is Ergonomic and secure .

Rather than a real bank, we consider it as A “digital wallet” making it possible to carry out current operations at low cost (a payment abroad for example). Note, all the same, that this neo-banque is continuing its development and several features are being studied: a loan service and the authorization of overdraft for its professional customers.

Summary table of revolut characteristics

Possibility to subscribe to a revolut bank card (MasterCard/Visa) – shipping costs at your expense

Use of virtual bank cards

Bank card management

Bank account management

4 subscriptions available in business:

No subscription or commitment monthly or annual. Possibility to change your offer at any time

Two weeks notice required before the final closure of the account

Discounts on partner services (Google Ads, Slack, etc.))

Only available for Grow, Scale and Enterprise subscriptions

No authorized overdraft

No checking of checks or species

FAQ and blog articles (online help center)

Priority support 24 hours a day, 7 days a week (except free subscription)

In English only

Interested in setting up your self-business and creating a bank account dedicated to your activity ? The teams of the auto-entrepreneur portal are by your side to support you in the launch and management of your micro- business !

The article “Revolut: We tested the online bank for you” was noted 4.3 on 5 on 106 Opinion of Internet users.

Who is behind Revolut ?

Who is behind Revolut ? Which is hidden behind the British neobank which now has more than 2 million customers in France ?

Who is behind Revolut ?

Revolut is a neobank, a new bank appeared first in the United Kingdom before spreading to other European countries such as France. She quickly met success and now counts no less than 2 million customers in France, which makes her one of the biggest banks online.

But who hides behind Revolut ? To who owns the neobank ?

To no one ! Indeed, Revolut is independent.

Where is Revolut based ?

Originally, Revolut was born in the United Kingdom, which she then left after Brexit and then move her seat in Lithuania. For a time, the bank accounts were therefore Lithuanian. They are now French.

Is it a real bank ?

Many neobancs are actually not real banks, but operate in partnership with other banks and companies to be able to offer their credits. They do not have the same banking license.

Revolut is however part of the exceptions. Since 2021, the neobank actually has a credit institution license, which is the same license that all banks have. As such, customer funds are therefore protected by the FGDR, the deposit and resolution guarantee fund, up to € 100,000 per bankruptcy.

Revolut is therefore a real bank. More reason to open a revolut account.

How Revolut works ?

Revolut is accessible to everyone, including banking prohibitions, Provided you are of age and to be able to provide an identity document. When registering, it will be requested to make a Video selfie In order to ensure the identity of customers, as well as to have beforehand another RIB in his name and surname, which will serve to feed the account.

Once the subscription has been carried out, the customer can choose the banking offer of his choice. Find below the detail of the Revolut prices:

Only one application to manage all your finances

Whether it is managing your daily expenses or planning your future with savings and investments, Revolut helps you get the most out of your money.

Over 30 million

Personal users

Over 500,000

Business users

More than 150

Country and regions taken care of

36

Currencies available in the application

Our mission: simplifying money management

Finance is complicated. Whether by sending money abroad, wanting to balance the family budget or developing our business, we have all had frustrating experiences in the matter, which have allowed us to put our finger on fractures. It is for this reason that we created Revolut. Our goal is to remove all the obstacles that stand between you and the achievement of your financial objectives. The platform we design is so simple and fluid to use and so open to the world that you will never want to go and see elsewhere. How do we do it ? By providing products that are always better, faster and smarter. Spend, save, invest, borrow, manage your money. We do everything to make you all achieve it in just a few clicks. This is not yet the case in all markets, but it is only a matter of time until money management becomes child’s play everywhere. We work tirelessly.

Our history

2021

Discover the careers in the Revolut offices around the world

More information from the press room

Products and features

Revolut Partners With Game4ukraine to Raise Funds for the Reconstruction of A Ukrainian School

D. Grigienė has been supported as a Member of the Supervisory Council at Revolut Bank

July 31, 2023

Products and features

Revolut Announces Accounts for Those Lawfully in the Us But Who Don’t Have Ssns, Including Students, Visitors, Employees

July 25, 2023

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