Revolut Launches Spare Change Savings Vaults for Everyday Purchases

• Revolut launches Vaults, enabling users to round up and save spare change from everyday purchases

• Customers can save in any of Revolut’s 25 supported currencies, as well as Bitcoin, Litecoin and Ether

• The feature allows customers save their spare change from over 15 million transactions that are made every month on Revolut

London, 17 April 2024 - Revolut, the innovative fintech, has today announced the launch of Vaults, enabling users to round up and save the spare change from their everyday purchases. The new feature helps Revolut customers save their spare change from over 15 million transactions that are made every month.

The London-based fintech has highlighted that users can save in any of their 25 supported currencies, as well as Bitcoin, Litecoin and Ether. One-off or regular payments can also be added to a Vault at anytime in just a few seconds via the Revolut app. If users feel like saving more or less at any point, the Vault settings can be easily adjusted in the Revolut app and money can be withdrawn instantly at anytime.

Revolut is aiming to break the inertia surrounding saving amongst consumers in the UK, as the innovative fintech steps closer to becoming a banking alternative for everyday use.

Nikolay Storonsky, Founder and CEO of Revolut says: “Offering spare change savings and roundups to Revolut users has been one of our most popular feature requests. We’ve had thousands of people in our community asking for this feature, so we wanted to give something back and ask for their help in naming it. We believe that Vaults will enable us to help many more people start saving and investing towards their future.”17

Revolut currently allows customers to open an app-based current account in 60 seconds, receive instant spending analytics, hold and exchange 25 currencies with the real exchange and send free international money transfers.In the last few months alone, Revolut has rolled out a number of new products including geolocation travel insurance, instant credit and a cryptocurrency offering that allows customers to buy, hold and sell cryptocurrencies instantly at the best possible rates.

ABOUT REVOLUT

Revolut launched in July 2015 with a punchy mission: to turn the financial banking sector on its head. With Revolut, users can set up an app-based current account in 60 seconds, spend abroad in over 130 currencies with no fees, hold and exchange 25 currencies in-app and send free domestic and international money transfers with the real exchange rate.

Since July 2015, London-based Revolut has signed up over 1.7 million customers across Europe and processed 60 million transactions with a total volume transaction of $12 billion to date. Revolut has raised a total of $90m from some of the most notable investors including Index Ventures, Balderton Capital and Ribbit Capital.