How to Open Revolut Account UK & Requirements
Looking for how to open a Revolut account in the UK? This post provides necessary information about the Revolut account.
Anyone can open a Revolut account in the UK. Register through this Revolut link, choose between a free and paid plan and get your UK bank account within a few minutes. The requirement is simple. Interestingly, when you sign up with the Revolut referral link, you get between £10-£200 promo bonus.
Find out about opening a Revolut account, various account types, requirements and other related topics.
Revolut UK Account
Revolut is a fintech app that offers a smart way to spend, send and save money. With the app, you can transfer money within the UK and outside to over 200 countries through its currency exchange feature.
It takes a few minutes to open a Revolut account. In less than 5 minutes, you should open a Revolut account and be ready to use. No complex process and the requirement is simple.
Likewise, there is no minimum amount to open a Revolut account. it is free. Unless you choose a paid plan, there is no fee to open and maintain your Revolut account.
Of course, anyone in the UK can open a Revolut account. Even a new immigrant such as an International student can open a Revolut account in the UK. Age is also not a barrier as there is a Revolut <18 account for those below 18 years.
Although Revolut is not a bank, it can act as your UK bank account. By opening a Revolut UK account, you get a UK bank account.
Hence, you can run a Revolut account like a normal bank account. For instance, transfer money to other banks and also receive money. In fact, the Revolut account can be your salary account in the UK. All these benefits make a Revolut account a suitable UK bank account.
Revolut has different account options for customers to open. Depending on your preference, you can open a free Revolut account or upgrade to a paid plan.
Here are the type of Revolut accounts you can open:
- Standard: Free
- Plus: 2.99 per month
- Premium: 6.99 per month
- Metal: 12.99 per month
- Ultra: £45 per month
How to Open Revolut Account UK
Opening a Revolut UK account is quite easy. It only takes a few minutes to sign up and start managing your money with Revolut
Here is how to open a Revolut account in the UK:
- Download the Revolut app.
- Create an account
- Verify your identity with a valid Photo ID.
- Select an account plan: free or paid
- Lastly, complete the account opening process
Interestingly, when you sign up with the Revolut link, order a Revolut card and make 3 transaction card transactions (physical card or virtual card), Revolut will credit your account with up to a £200 bonus.
To understand better, read on How to get Revolut Sign-up Bonus
Revolut Account Requirement
Revolut makes it easy to open its account in the UK
Here are what you need to open a Revolut account:
- UK phone number
- Government passport ID
- Residential address
Unlike other UK banks, there are many things not needed to open a Revolut account.
For instance, no need a proof of address document to open a Revolut account. You only supply a UK residential address and Revolut would not ask for a document to verify it. Hence, documents like electricity bills and other utility bills are not required to open a Revolut account.
Also, no need for Biometric Residential Permit (BRP) to open a Revolut account. The only document you need to open a Revolut account is your government passport.
Revolut card offers a seamless and secure way to manage your money. The card allows you to spend in over 150 currencies with no hidden fees, saving you money and giving you the freedom to explore the world without any financial constraints.
When you open a Revolut account, you get access to 3 kinds of Revolut cards. These are:
- Revolut physical card
- Single-use virtual card
- Multi-use virtual card
All Revolut cards are free. However, if you order for a physical card, you will pay a delivery fee
These cards give greater flexibility and better control of finances. For instance, you can use the Revolut physical card in shops and use the multi-use virtual card in online sites. But for less secure or popular online sites, you can use the Revolut single-use card.
Revolut physical card
Revolut physical card is a debit Mastercard card. A contactless card you can use for payment in stores, ATMs and online sites. Each Revolut account plan has its own specific card design. And if you upgrade to a paid plan, you can customise your Revolut physical card.
Single-use virtual card
A Single-use virtual card is a one-off online payment card. It is Revolut’s way of protecting customers from online fraud. A single-use virtual card works only for a single transaction and no more. Hence, if the card details are leaked, it cannot be used to withdraw funds from your account.
Multi-use virtual card
Multi-use virtual card is for making payments on trusted sites. Revolut also provides additional security such as freeze cards, set spending limits and terminate cards. This gives you more control over using the card online and safeguarding your money.
Also, if you have an NFC-enabled device, you can add the Revolut Multi-use virtual card details to Google Pay. Then, use it for payment in physical stores that accept Google Pay.
Is Revolut Safe?
Opening an account with Revolut is safe. Your money is insured by FSCS. Also, the Revolut app is safe as industry-standard security is put in place to secure your transactions on the platform.
Revolut app has a lot of positive reviews. Branded as an amazing app, quite a number of people enjoy its services. Such as free local transfers, better international money transfers fee than banks, a safer virtual card and lots more.
Every good app definitely has some bad experiences. Indeed, Revolut is not an exception.
To some people, Revolut is bad. Certain customers are frustrated while using the Revolut app. Some of the Revolut negative reviews include the inability to access the account, paid plans issues and too many features.
Overall, Revolut is a useful app that helps you manage your money effectively.
Overall, opening a Revolut UK account is free, fast and easy. No complex process or requirement to open the account. Although it is free to open a Revolut account, you can opt for a paid plan. Therefore, any UK resident can open a Revolut account within a few minutes.
I hope you find this information helpful.
Therefore, try it and let me know your experience by dropping comments below.