Revolut Review 2025: Checking and Savings
Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.
Overall institution rating
4.2
Revolut is a financial tech firm that offers mobile-focused accounts for spending, saving and holding money in multiple currencies. Although there’s a monthly limit on free currency exchanges, that perk is rare as is the multicurrency account Revolut offers. The firm has a prepaid card for spending, along with “pockets” that are meant for budgeting and “savings vaults” that earn interest. Note that you may earn a better yield in a traditional high-rate savings account instead.
To take advantage of more services, Revolut offers premium monthly subscription plans that start at $9.99. These plans have enhanced features, such as discounted international transfers, free unlimited currency exchanges, overseas medical insurance, higher fee-free ATM withdrawal limits and better savings rates.
Revolut does not offer live customer service by telephone, which is highly unusual for a financial services company. Customers can call an automated line to block their card or reach out for help via online chat.
Note: Revolut has a European banking license, but in the U.S. it operates as a nonbank firm, or neobank, that offers banking services. See below for more details about neobanks.
Best for: Customers who need an account offering currency exchange, are mainly self-serve when it comes to banking and maintain traditional bank accounts elsewhere.
» Want more options? See NerdWallet’s analysis of the best savings accounts and the best checking accounts.
- No monthly fees on some accounts.
- Large, free, nationwide ATM network.
- Highly rated mobile apps.
- Savings subaccounts to manage goals.
- No live customer service by telephone.
- Fees for cash deposits.
- No mobile check deposit.
- No branch access.
Full review
Full review
Revolut Review
Checking
Revolut Account
4.5
/54.5
/5Monthly fee
$0
Bonus
N/A
Monthly fee
$0
Bonus
N/A
Revolut’s standard account has no monthly fees. You can send and receive funds in more than 25 currencies for free, up to a $1,000 monthly limit (or the currency equivalent) and a 0.5% fee above that amount. Direct deposits are available up to two days early. You can add cash to your account at various retailers, such as Walmart and others in the Green Dot network, but there's a 2.5% fee. Mobile check deposits, however, aren’t available, which online-based institutions typically offer.
What to know about neobanks: Nonbanks such as neobanks can be solid options for consumers who prefer managing money online and don’t mind having a nontraditional place to bank. But neobanks do have differences from banks that can pose risks, particularly in the way deposits are insured:
A neobank such as Revolut is a third-party banking technology platform (for its U.S. operations) that partners with a bank to provide accounts to customers. Funds deposited at a neobank are ultimately held at the partner bank. The funds are FDIC insured in the event of the partner bank’s failure and only if the neobank maintained accurate deposit records. (Learn more about how neobanks work.)
If a neobank goes bankrupt, there is no FDIC insurance involved. It’s up to the neobank to ensure customers get their money back, which may involve delays and potential loss of account access. Banks, in contrast, receive prompt assistance from the FDIC if they fail. (Learn about what can happen if a neobank closes.)
Neobank accounts often have low monthly fees and earn strong rates. However, they may lack traditional banking features, including in-person customer service, wire transfers and access to personal or cashier’s checks (often required for large purchases, such as buying a home). Consider these details before opening an account.
How does Revolut compare?
$0
0.50%
Up to $300
$0
N/A
$360
$0
N/A
N/A
Methodology
NerdWallet’s overall ratings for banks and credit unions are weighted averages of several categories: checking, savings, certificates of deposit or credit union share certificates, banking experience and overdraft fees. Factors we consider, depending on the category, include rates and fees, ATM and branch access, account features and limits, user-facing technology, customer service and innovation. The stars represent ratings from poor (one star) to excellent (five stars). The ratings are incremented in tenths of a star.