The media are hyping up Revolut Bank Australia today.
It is worth reading through their plans. Some may work a treat for a small cohort but for the rest, compare benefits to plan costs.
The hyped up ambit benefits only cost $5.99 to $11.99 per month although one can up or downgrade at will and there is a no cost entry level that still looks better than our big 4! A nice game for those who can play? Should ING, Macquarie, and similar with good offerings be worried?
My concern is customers may become targets of cryptocurrency scammers, since Revolut bank facilitates the easy use and cryptocurrency transfers through its banking app.
There are reports that users in other countries being subject of such targeting. Allowing easy access to cryptocurrency trading through its app could increase the likelihood of scam success. Cryptocurrency scams can be accomplished in one’s own home, rather than the need to go to a cryptocurrency ATM to transfer money to scammers.
