European fintech startup Revolut is launching its app and service in the U.S. Anybody in the U.S. can now sign up and get a Revolut debit card.
U.S. customers will be able to get their paycheck up to two days in advance via direct deposit at no cost. All deposited funds are held by Revolut’s partner bank Metropolitan Commercial Bank, Member FDIC, and are insured by the FDIC for up to $250,000.
Assuming you both have a Revolut account, U.S. customers can send money to, and request money from, each other, instantly and for free. You can also send and request money from other Revolut customers around the world, instantly and for free.
In just a few years, Revolut has managed to attract over 10 million customers by building a financial hub that lets you spend, send, receive and manage money from a single app.
The company recently raised a $500 million funding round, valuing the company at $5.5 billion.