Revolut invitation to upgrade to their bank. Worth it?
Posted: February 21st, 2022, 1:45 pm
The EMI (pre-paid debit card) Revolut is getting a banking licence in more countries and I received an invitation to upgrade my account to 'Revolut Bank'.
I don't keep a huge sum in it and the only advantage I can see is the Europe-wide guarantee up to 100,000 euros (£85,000).
It's probably my favourite EMI card, instant transactions, useful abroad and the app is the best of the lot, but is there any advantage in upgrading to a fully-fledged bank? I don't like change (yes, I'm at THAT age ) and I'm quite happy as it is.
I just wonder if they're thinking about using this as a reason for introducing charges in the future.
Steve
I don't keep a huge sum in it and the only advantage I can see is the Europe-wide guarantee up to 100,000 euros (£85,000).
It's probably my favourite EMI card, instant transactions, useful abroad and the app is the best of the lot, but is there any advantage in upgrading to a fully-fledged bank? I don't like change (yes, I'm at THAT age ) and I'm quite happy as it is.
I just wonder if they're thinking about using this as a reason for introducing charges in the future.
Steve