WHY REVOLUT IS BAD

Revolut is a popular digital banking platform that offers a wide range of banking services, including current accounts, debit cards, and money transfer services. However, there are several reasons why Revolut may not be the best option for everyone.

1. Hidden Fees

One of the biggest complaints about Revolut is that it has a number of hidden fees. For example, Revolut charges a fee for withdrawing cash from ATMs, a fee for making international payments, and a fee for using your debit card in certain countries. These fees can add up quickly, especially if you use Revolut regularly.

2. Poor Customer Service

Revolut’s customer service has also been criticized for being slow and unhelpful. Many customers have complained that they have had to wait weeks or even months to get a response from Revolut’s customer service team. This can be very frustrating, especially if you have a problem with your account.

3. Security Concerns

There have also been some security concerns raised about Revolut. In 2018, Revolut was hacked and the personal data of over 50,000 customers was stolen. This led to a number of customers losing money from their accounts. While Revolut has since taken steps to improve its security, some customers may still be concerned about the safety of their money.

4. Limited Banking Services

Revolut does not offer a full range of banking services. For example, Revolut does not offer loans, mortgages, or overdrafts. This can be a major drawback for some customers, especially those who need to borrow money or who want to buy a house.

5. Lack of Physical Branches

Revolut is an online-only bank, which means that it does not have any physical branches. This can be inconvenient for customers who need to deposit or withdraw cash, or who want to speak to a bank representative in person. While Revolut does offer a mobile app, this is not always a convenient option for everyone.

Conclusion

Revolut is a popular digital banking platform that offers a wide range of banking services. However, there are several reasons why Revolut may not be the best option for everyone. These reasons include hidden fees, poor customer service, security concerns, limited banking services, and a lack of physical branches.

FAQs

1. What are the hidden fees associated with Revolut?

Revolut charges a fee for withdrawing cash from ATMs, a fee for making international payments, and a fee for using your debit card in certain countries.

2. How can I contact Revolut's customer service?

You can contact Revolut’s customer service team by phone, email, or live chat.

3. What security measures does Revolut have in place?

Revolut has a number of security measures in place to protect customer data, including SSL encryption, two-factor authentication, and regular security audits.

4. What banking services does Revolut offer?

Revolut offers a range of banking services, including current accounts, debit cards, money transfer services, and cryptocurrency trading.

5. Does Revolut have any physical branches?

No, Revolut is an online-only bank and does not have any physical branches.