Revolut, the fast-growing online banking platform, has announced a new joint account feature for its European customers. This new addition is set to make managing shared expenses and household finances easier for couples, families and friends. This exciting development comes in response to the changing needs of customers, who are increasingly looking for more collaborative and hassle-free ways to manage their money. Read on to find out more about this exciting new feature from Revolut.
Revolut, the global financial app, has launched a new product allowing European customers to open a joint account owned by two people. The fintech company has been expanding its product range for Irish customers in recent months, now offering credit cards, Irish IBANS, and car insurance. The joint accounts can be shared by partners, family members, or friends and include a group version Revolut Chat. Customers are not required to explain who they are opening the account with or provide proof that they live together. The neobank’s survey found that just under 60% of Europeans were keen to use a joint account to manage expenses with a partner, and a further 32% preferred to use it exclusively as their only account. The updated app also features enhanced home screen shortcuts and group instant messaging for easier bill-splitting and money transfers.
In conclusion, Revolut’s introduction of a joint account feature for its European customers is a significant win for the banking industry. Not only does it offer a more convenient and streamlined way for couples, families, and friends to manage their finances, but it also solidifies Revolut’s position as a leading fintech company that is committed to making banking more accessible and user-friendly. With more innovative features and services on the horizon, Revolut is set to revolutionize the way we approach banking and money management.
