US citizen seeks Euro bank account

[TravellingKiwis]

Originally Posted by Montanan

Pricing: https://www.revolut.com/en-US/our-pricing-plans

Plus I suspect they make a spread between the interbank rates [pips, percentage in point] on each FX transaction, just don't charge a fee instead offer a difference in their currency valuations.

They say they don't add any fee or spread on interbank. That said, they do use a 3rd party to provide their rates and some currencies that are considered illiquid (bit in reality rates are very stable) have poor exchange rates. Eg Trinidad.

They make there money from people buying premium accounts to remove/reduce some limits on foreign exchange and cash withdrawals. They also sell many services including micro loans, insurance & crypto trading. They've just bought out US share trading on 300 companies for metal subscribers with no fees on first 100 trades per month.