Revolut Review: Checking and Savings

Margarette Burnette
By Margarette Burnette 
Edited by Yuliya Goldshteyn

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  • Checking

Overall institution rating


NerdWallet rating 
The bottom line:

Revolut offers a prepaid card for spending, along with “savings vaults” that can earn interest as well as bonus money. To maximize the bonus, you’ll need to spend an amount equal to or greater than the balance in your savings vaults each month on the linked prepaid card. If you don’t spend enough to maximize the savings bonus, your money would likely earn a better yield in a traditional high-rate savings account instead.

Revolut’s mobile-focused accounts also let you send and receive funds in multiple currencies. As an upgrade, Revolut offers premium monthly subscription plans that start at $9.99. These plans have enhanced features, such as overseas medical insurance, higher fee-free ATM withdrawal limits and slightly higher 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.

What to know about neobanks: Neobanks can be solid options for consumers who prefer online-only banking. Funds deposited in these accounts are usually FDIC-insured through partner banks, which will also typically receive customers’ money if a neobank closes, so customer funds are safe. Neobank accounts often have low monthly fees and earn strong rates. However, they may also lack traditional banking features, including in-person customer service and access to personal or cashier’s checks (often required for large purchases, such as buying a home) or wire transfers. Consider these details before opening an account.

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.


  • No live customer service by telephone.
  • No cash or check deposit.
  • No branch access.

Full review


Revolut Account
Revolut Account



 NerdWallet rating 
Monthly fee

Revolut’s standard account has no monthly fees. You can send and receive funds in more than 25 currencies for free each month. Spending with your Revolut card at certain retailers can give you access to discounts and cash-back earnings. Payments made by direct deposit are available up to two days early.


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). Ratings are rounded to the nearest half-star.