Revolut makes its Financial Super App and debit card available in the United States

Maria Nikolova

US customers can spend and transfer money globally at the interbank exchange rate, hold and exchange 28 currencies in the app, and get their salary two days in advance.

Revolut, the fast growing fintech, today announces the launch of its Financial Super App and debit card in the United States.

Starting today, US consumers can set up a Revolut account in minutes from their smartphone. Once they have downloaded the app for iOS or Android, customers simply need to enter their personal information and upload their identification documents, and their account should then be verified within a matter of minutes.

Once a customer has been approved, they will instantly receive their new account details, which can then be used to make payments and deposit a salary. US customer deposits are FDIC insured up to $250,000, through a partnership with Metropolitan Commercial Bank. US customers are also able to get their salary up to two days in advance via direct deposit.

Revolut customers receive instant spending notifications, can see exactly how much money they are spending on things like restaurants, groceries and transportation, and can set up monthly spending budgets for individual categories.

Additionally, Revolut customers can instantly send and request money to each other for free, split the bill at the tap of a button, and round-up every card purchase to the nearest dollar and stash away their spare change.

Revolut commenced operations in 2015 with a vision to build a Financial Super App – a single app where consumers can manage all aspects of their financial life. In just four years, the company has attracted more than 10 million customers, raised over $800 million in funding – and now employs more than 2,000 people globally, including in New York and San Francisco.

As a digital, cloud-based company, Revolut allows customers to open an account in minutes directly from their smartphones. It does not operate branches.

The company is continuing to conduct comprehensive modelling and stress tests to evaluate potential impacts of spikes in customer activity.

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