REVOLUT in Ukraine: financial transactions in the system

In the wake of changes in the principles of mutual settlements and the shift of the financial sector to the online space, users of different types of money began to search for an effective and convenient payment system. Revolut in Ukraine is the best option if you need a multifunctional platform for payments for various goods and services, making numerous payments to cards from different banks around the world.

Introduction to REVOLUT: How does it work?

Revolut is not an innovative product. Similar technical solutions for payment systems are available. However, it is Revolut that attracts millions of users around the world due to its unique and very extensive functionality, regularly updating the service with new options that allow you to save time and quickly make all planned payments.

REVOLUT Review: Key Features

When understanding what Revolut is, it is important to immediately note that it is a digital bank. That is, the company does not have actual branches, but this is not a disadvantage. Rather, it’s a huge plus, because they learn what Revolut is from the Internet, and all services can be arranged online, without bureaucracy and wasting time visiting a branch.

The Revolut app was first launched publicly in 2015. The author of this digital bank was experienced trader Nikolay Storonsky. Revolute's legal address is Konstitucijos ave. 21B, Vilnius.

The main idea that he managed to implement in Revolut is to eliminate numerous commissions for payments and transfers, which significantly reduce the profitability of trading, investing, or simply using fiat money as a payment instrument. Today, Revolut is used by more than 5 million people in Ukraine and around the world. Obviously this is not the limit, consider the number of functions and ease of use of the application.

Advantages of using REVOLUT in Ukraine

The most significant advantages are worth noting:

• Revolut in Ukraine is offered on a paid and free basis, it is possible to open an account for an individual or for a business;

• Multi-currency debit cards are provided, thereby simplifying the process of converting money;

• No commissions;

• A simple algorithm on how to top up a Revolut card, how to transfer money from Revolut to a card;

• Always an adequate exchange rate, taking into account the current market situation;

• Convenient and simple account analytics, which makes budget forecasting simpler and easier.

• Quick account creation - Revolut in Ukraine, as in other countries, is offered in the format of a mobile application, registration is completed within a few minutes;

• The ability to connect the account hierarchy option - there is an option for a Revolute children's card in Ukraine, thanks to which you can easily teach your child financial literacy and control over cash expenses.

The fact that Revolut in Ukraine is very interesting for traders deserves special attention. Here you can trade various assets within one platform. And not only with different types of fiat money, but also with raw materials and precious metals.

What is Revolut? It is the most convenient service with quick and practical customization of the application interface to suit your individual requirements. A debit card is issued to any user who has installed the software on a smartphone or PC, regardless of credit history.

The Revolut support service is a vivid example of how fast and adequate the responses of representatives of a financial organization can be to a user’s situation or question.

Of course, there are still some shortcomings; it cannot be said that Revolut is absolutely perfect. Users note fluctuations in the exchange rate of foreign currencies on weekends, and there are also certain limits on free transactions. However, these disadvantages are successfully offset by a large number of significant advantages.

Making payments through REVOLUT

How to open Revolut in Ukraine - solving this issue is very simple. Enough:

• find an application in the digital product marketplace, taking into account the type of operating system of the device;

• download software;

• go through a quick registration procedure.

The whole procedure takes no more than 5 minutes, after which you can learn through the application interface how to top up Revolut in Ukraine. Regardless of whether you need to make domestic payments or arrange international transfers, there will be no problems. The application supports both directions. Everything is done through the same account. How to top up Revolut - you can use cards from other banks, bank transfers. If the question is how to deposit cash on Revolut, then in terms of self-service, such an option is not yet provided. That is, you will have to put fiat cash on a card of any bank, and then transfer the money to the REVOLUT mobile application. It is convenient to use this payment system to pay for various services and purchase goods. The financial application is designed in such a way that there are even options for monitoring the most profitable and reliable offers from different providers.

Managing currencies in REVOLUT

Currency exchange offered by REVOLUT is a simple and easy process without unnecessary red tape. Before you top up Revolut for currency exchange, you must provide personal information. After that, enter your phone number to confirm transactions much faster. How to withdraw money from Revolut to a card is exactly the same as topping up your account in this application. You just need to provide your account details and confirm the transaction. It is processed instantly.

You can view the conditions for currency conversion after a successful deposit has been made in real time. Rates for multicurrency cards are updated without delay.

Card transactions with REVOLUT

Taking into account current trends and user requests, the company provides services in the most convenient formats for clients. Depending on your preferences, you have the option to:

• order the issuance of a physical card;

• a virtual card is opened instantly.

In both categories, a Mastercard or Visa card is issued. For physical cards there is a contactless payment option. That is, you can open an account with Revolut and use such a card in different ways: withdraw money from ATMs, pay for goods in stores in any country in the world.

The functionality of a virtual card is not as wide as that of physical cards. However, this is also a very convenient solution, especially if you need to quickly find a way to transfer money without commissions and long waits for transaction validation.

Conclusion

How to top up Revolut from Ukraine and use all the functions of a truly practical digital banking mobile application - questions usually do not arise. All available features are described in the application as banking services in an easy to understand form. It’s definitely worth having such a multifunctional platform with you, especially when working with clients and partners from different countries or frequently traveling abroad.