Fintech startup Revolut has been a free service and that’s not going to change. But the company is adding a premium tier with more features for £6.99/€8.50/$8.50 per month in 42 European countries.
If you sign up to the new “Premium Account,” you’ll receive a MasterCard with a new design. There are three different options and I love pink so I think they look quite good.
But the card is just the visible element. Premium accounts get unlimited interbank foreign exchange when you spend, transfer and exchange money with your Revolut account. Free users can send, spend and exchange up to £5,000/€6,000/$6,000 (or equivalent) per month. After that there’s a 0.5 percent fee.
Revolut is going after recurring Transferwise customers who transfer big amounts of money to another bank…