8.6 C
New York
Thursday, August 11, 2022
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.

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

Recent posts

Revolut plans to increase its crypto headcount by 20%

Fintech company Revolut continues to expand its cryptocurrency services operations after recently getting approval to operate in Singapore.

Nubank hits 1 million crypto users in less than a month

Brazilian challenger bank Nubank has announced hitting one million cryptocurrency users in the country barely a month after launching the service.

Revolut has been hit by high-profile resignations

Revolut has been hit by multiple resignations from its UK risk and compliance chiefs.

Starling Bank reports first full year profit

Starling reported a pre-tax profit of £32.1 million for the financial year ending 31 March 2022.