USING REVOLUT IN CYPRUS
WHAT IS REVOLUT?
Revolut is a popular online digital banking and money exchange platform. It allows people to easily perform currency exchange and manage their money effectively. Revolut has become one of the preferred methods for money exchange in Cyprus and nearly all businesses on the island accept Revolut as a payment method. The Revolut phone app is probably the easiest method of use and it is a safe convenient way to control your money. Currency exchange is unlimited and is done in realtime. Revolut exchanges currency at the current exchange rate on the spot.
HOW DO I USE REVOLUT?
EASY STEPS OF INSTALLATION
Install the Revolut app by opening your app installer on your smart phone and searching for Revolut. Upon installation, open the app and sign up for an account. Once you have created an account, you will need to verify your identity by providing some personal information and a photo. Documents such as a passport or your driver’s license may also be required. After verification, you can transfer money to your new Revolut account by linking a debit or credit card, or straight from your bank account. These transactions perform as a normal online transfer. Once funds have been placed in your Revolut account, you can exchange money by selecting the currency you want to exchange from and the currency you want to exchange to.Â
EXAMPLE
To exchange UK pound sterling into Euros, you would select GBP as the “from” currency and EUR as the “to” currency. Revolut will then show you the current exchange rate. You will then enter the amount of money you want to exchange. Revolut will show you the exact amount of money you will receive after the exchange in Euros. Revolut will also display if there are any fees or charges. After confirming the exchange, Revolut will instantly convert your money at the current exchange rate. You can then use the exchanged currency to make purchases or transfer money to other Revolut users.
CONVENIENT & EFFICIENT
Revolut provides a convenient and efficient way to change money. You will not need to visit a physical bank or currency exchange office. You can order a physical card, but your new Revolut account holds your new digital card on your phone. Its user-friendly interface and competitive exchange rates make it a popular choice for travellers, expats, and anyone who needs to exchange money regularly.
