8.6 C
New York
Saturday, January 23, 2021
Home Challanger banks Revolut launches Revolut Plus, a mid-tier premium account

Revolut launches Revolut Plus, a mid-tier premium account

Revolut announced the launch of an affordable premium option called Revolut Plus for £2.99 per month.

This is following the launch of N26 Smart and Monzo Plus subscriptions. So far the subscription options of Revolut included only Premium and Metal priced at £6.99 per month and £12.99 per month respectively.

Read also: Exclusive: Interview with Scott Gordon – Founder & CEO at Kard

Revolut Plus does not aim to offer travel perks as that is not what customers are looking for in the times of global pandemic.

With the purchase protection, the account provides cover for damaged and stolen goods and event ticket cancellations, covers Plus customers up to £1,000, Premium customers up to £2,500, and Metal customers up to £10,000.

Revolut Plus customers will also be able to spend online with virtual cards, while parents and guardians can teach their kids money skills with access to up to two Revolut Junior accounts.

Nik Storonsky, CEO and Founder at Revolut, says: “We’re excited to launch our upgraded plans for our customers across Europe, providing them with great value for money while protecting them from out of pocket expenses.”

“We want to help our customers shop safely, knowing their purchases are protected by Revolut from theft, damage, or no-returns policies,” he added.

Avatar
Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

Monzo Bank founder Tom Blomfield is leaving the company

Tom Blomfield who co-founded Monzo Bank 2015, is leaving the digital bank, citing "challenges" from the pandemic, TechCrunch reported.

UK Government voted down BNPL regulation bill

70 MPs have decided to vote down a bill which was supposed to regulate buy now, pay later companies like Klarna, Laybuy and Clearpay.

Curve raises $95 million as it eyes US expansion

London-based Fintech Curve secured $ 95 million in its latest investment Series C funding.

Challenger bank Revolut applied for UK banking license

Revolut has submitted an application for a banking license to the U.K. Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).