Revolut app is going to revolutionize foreign currency exchange
Revolut is an app which carries out the removal of all the currency exchange fees .This lets the users to exchange and also spend money globally without paying any additional fees at all. The users can also send or can request for money from the friends or the relatives with the touch of just a button. The app allows the faster and the safer money transfer to various bank accounts in more than 120 countries while you can save up to around 8% through the utilization of the real exchange rate. It also allows the splitting of bills among the friends with just a touch of the button .There is no requirement for your friends to download the application.
This new app facilitates users to spend money in more than 90 currencies of the world
You can receive the money instantly. Well spending money in foreign countries has always been associated with the hidden and many of the confusing charges. But this new and revolutionary smart phone app which has been linked to the prepaid MasterCard and which is being launched in the year 2015 enables the users to spend money in more than 90 currencies of the world .Well there is an increase in the popularity of these disruptive tech savvy foreign exchange services from quite a long time.
The money can also be transferred to other accounts through SMS, emails or even the WhatsApp
The Revolut app offers the interbank rates on currency which is the rate at which the banks lend to one another. So after the installation of the app the users can pay online through their e -credit cards which are being stored in a safe manner in their app. Apart from that, they can also apply for a kind of the physical card which can be utilized for paying the bills in the foreign countries. It has the withdrawal limit of up to $ 500 worth of the fee cash .There is also the 2% of the fee which is applied and has to be paid till the end of the month. The money can also be transferred to the other accounts through the SMS, emails or even the WhatsApp.
There is no matching option in the market which enables the users to load funds within seconds and spend in so many currencies
There are wide varieties of the prepaid cards which are available like the MBNA Everyday plus credit card. This applies no additional charges for cash transactions in the foreign countries. What makes Revolut different is that it is working alongside the user’s card. So looking at this, there is no matching option in the market other than this app which enables the users to load funds within seconds and spend in so many currencies. On this app, you can also have a look at what is the exchange rate going on at the moment. Users can also view the amount of the money which is held in the card instantly.