Developing a global economy by providing everyone with affordable financial products without any restrictions is an impossible task at the moment. But some companies help people solve these issues. That’s how Revolut, for example, created a payment system whose mission is to unlock the possibilities of a limitless economy for everyone. Let’s discuss how to open a Revolut account and use its services!
Why do you need a Revolut business account?
Revolut is a multifunctional financial service. Its features include a checking account, a debit card for 25 currencies, and commission-free exchange trading.
Revolut has been in operation since 2015. During this time, it has been used by 3.5 million people. In 2018, the service received a banking license from the European Central Bank. The Revolut account is managed through a mobile app, the account can hold a maximum of 3 physical cards and 5 virtual cards.
The company explained everything as transparently as possible:
“Our mission is to unlock the power of a borderless economy, for everyone. Financial services are the backbone of our society, and our goal is to make them work for as many individuals and businesses as possible. We want to grow the global economy by providing everyone with frictionless, accessible financial products.
To do so, we’re building a borderless, customer-centric platform that feels personal to everyone and will serve as their trusted companion to manage and grow their money.
We’ll support our customers throughout their lives – from teens to retirement – as individuals, groups, and families. And we can offer all the tools they need to easily manage, spend, borrow, invest, and protect their money. All in one personalized, simple space that looks and feels local at home and abroad.
We’ll also continue empowering businesses with the tools they need to start, run, and scale. In practice, this means enabling them to control their spending and minimize costs, accept payments, and manage their balance sheet and employees.
Eventually, we aspire to build products and experiences at the intersection of our Consumer and Business ecosystems, unlocking seamless value for both.”
How to open a Revolut account?
Registering any new account can be a daunting task. That’s why Revolut has made sure you can get started in minutes.
Here’s a quick step-by-step guide on how to get started (there won’t be a big one, because it’s so easy!)
- Download the Revolut app from the Apple App Store or Google Play Store.
- Once you open the app, enter your phone number and then come up with a 4-digit password for your Revolut account.
- You will receive a text message with a 6-digit code. Enter the pin code into the app.
- Next enter your name, mailing address, email address, and SSN or ITIN (Note: this is required by law for proof of identity).
- After entering these details, review and agree to the Cardholder Agreement.
That’s it!
How to add money to your Revolut account?
Funding your Revolut account is easy. To get started, you’ll need to do the following:
- Click on the Accounts tab.
- Click Add money
- Enter your debit card or bank account information and click Continue
- Enter the amount of money you want to add, and then click Add money
Here’s a video:
How to order a Revolut card?
Ordering a Revolut card is easy. Just open the Revolut app and do the following:
- Go to the Cards tab and swipe to the right to select Add new card.
- Choose whether you want a virtual or physical card
- Select the characteristics of the card you want to order
- Create and enter your four-digit pin code twice to confirm it
- Confirm your shipping address and click Continue.
The company will deliver your Revolut card within 10 business days. But! You can link your card to Apple Pay or Google Pay in advance. Just enter your card information and you’ll be ready to pay for whatever you need.
How much it costs to open an account on Revolut?
Revolut provides three plans to choose from:
Standard – a free account that includes everything you need for everyday activities.
Premium – $9.99 per month – no fees if you pay overseas.
Metal – $16.99 per month – gives you the most power with the full package.
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