7moon26Day,Revolutannounced the introduction of a cash deposit feature for its UK user base.
After the new function is launched, customers can directly5000Multiple locations to deposit cash into theirRevolutAccount,RevolutThere are also plans to expand to more than12000.
This new feature is a response to customer demand. A survey showed that in the past year,71%ofRevolutUK customers had previously deposited cash at other financial institutions.
The service isRevolutandPaysafeImplemented in collaboration,PaysafeWe are committed to providing a simple and easy-to-use service.
Customers canRevolutThe app generates a barcode which is then scanned at the designated location.
The starting deposit amount is10GBP(12.87USD), the maximum limit per transaction is500GBP, with daily and monthly limits. First Deposit100Free in GBP, then charged1.5%cost of.
RevolutHead of Global Business Core PaymentGabor AirCommenting on this, the company said: “Given the high demand for cash deposits from our customers,RevolutWe are excited to satisfy customers and help those with cash access modern digital financial services.
“Our cash deposit solution meets the real needs of our customers: by working with industry expertsPaysafeTogether, we can now offer a fast, easy-to-use and compliant service that will enable thousands of people to deposit cash into their accounts from a variety of locations.Revolut, and exchange currencies within the app to transfer money to family and friends in other countries.” The company plans to gradually expand the cash deposit feature to other European markets.
