Revolut and Openbank are two mobile banks that offer a range of financial services to their customers. While both platforms offer digital banking services, they differ in terms of their target audience, fees, and features.
Revolut is a UK-based digital banking platform that offers its customers a range of financial services, including foreign currency exchange, international money transfers, and cryptocurrency trading. Revolut has a user-friendly app, which allows customers to manage their finances on the go. It offers a free account with limited features, while premium accounts have more benefits, such as free international money transfers, higher withdrawal limits, and access to cryptocurrency trading.
Openbank, on the other hand, is a Spanish online bank that offers a range of banking and investment services. It offers a mobile banking app, which allows customers to manage their finances on the go. Openbank offers a range of current accounts, credit cards, savings accounts, and investment options.
In terms of fees, Openbank offers a range of services with no or low fees, while Revolut charges for certain services, such as international money transfers. Openbank also offers a range of investment options, while Revolut focuses more on everyday banking services and convenience.
Overall, both Revolut and Openbank offer convenient and affordable digital banking solutions. Revolut may be a better choice for those who need a broader range of everyday financial services, including foreign currency exchange and cryptocurrency trading, while Openbank may be a good option for those who are looking for a range of banking and investment services with personalized advice.
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An online bank of Santander Group, available 24/7 and without fees for your everyday transactions.
