Bankinter vs. Revolut

Attribute	Bankinter	Revolut
Founded	1965	2015
Headquarters	Madrid, Spain	London, UK
Services	Banking, Financial Services	Financial Technology, Banking
Customer Base	Approx. 8 million	Approx. 15 million
Mobile App	Yes	Yes

Introduction

Bankinter and Revolut are two popular financial institutions that offer a range of services to their customers. While Bankinter is a traditional bank based in Spain, Revolut is a digital banking platform that has gained popularity for its innovative features and global reach. In this article, we will compare the attributes of Bankinter and Revolut to help you make an informed decision about which one may be the best fit for your financial needs.

Services Offered

Bankinter offers a wide range of traditional banking services, including savings accounts, loans, mortgages, and investment products. They also provide online and mobile banking options for convenient access to your accounts. On the other hand, Revolut is known for its digital banking services, such as multi-currency accounts, international money transfers, and cryptocurrency trading. Additionally, Revolut offers a range of budgeting tools and spending analytics to help customers manage their finances more effectively.

Account Fees

When it comes to account fees, Bankinter typically charges fees for certain services, such as account maintenance and transactions. These fees can vary depending on the type of account you have with the bank. In contrast, Revolut is known for its low fees and transparent pricing structure. Revolut offers a free basic account with no monthly fees, and customers can upgrade to premium or metal accounts for additional features and benefits.

International Usage

One of the key advantages of Revolut is its international usage capabilities. With Revolut, customers can hold and exchange multiple currencies, making it easy to travel and make international payments without incurring high fees. Additionally, Revolut offers competitive exchange rates for foreign currency transactions. While Bankinter also offers international banking services, they may not be as seamless or cost-effective as Revolut's offerings.

Customer Service

Customer service is an important factor to consider when choosing a financial institution. Bankinter is known for its personalized customer service and dedicated relationship managers for high-net-worth clients. They also offer phone and online support for all customers. Revolut, on the other hand, provides customer support through its in-app chat feature, which allows customers to quickly get assistance with any issues or questions they may have. While Revolut's customer service is efficient, some customers may prefer the more traditional approach offered by Bankinter.

Security

Both Bankinter and Revolut take security seriously and have measures in place to protect their customers' information and funds. Bankinter is regulated by the Bank of Spain and the European Central Bank, ensuring that they adhere to strict security standards. Revolut, on the other hand, is authorized by the Financial Conduct Authority in the UK and uses advanced security features, such as biometric authentication and transaction monitoring, to keep customers' accounts safe from fraud and unauthorized access.

Conclusion

In conclusion, both Bankinter and Revolut offer unique features and benefits to their customers. Bankinter is a traditional bank with a wide range of services and personalized customer service, while Revolut is a digital banking platform with innovative features and low fees. When choosing between Bankinter and Revolut, consider your financial needs and preferences to determine which institution may be the best fit for you. Ultimately, both banks have their strengths and weaknesses, so it's important to weigh the pros and cons before making a decision.