In this article, you'll discover whether Revolut works in Finland, explore some potential drawbacks if it is available, and consider the possibilities it offers. Stay tuned to find out more.
Does Revolut Work In Finland?
Revolut is available in Finland, allowing users to access its wide range of financial services. These include international money transfers, savings accounts, stock trading, and commodities trading. Finnish users can sign up for personal and business accounts, benefiting from Revolut's competitive exchange rates and various subscription plans.
In Finland, Revolut offers different subscription plans such as Standard, Plus, Premium, Metal, and Ultra, each with unique features and benefits. Users can also take advantage of Revolut's robust security measures, budgeting tools, and lifestyle services, making it a comprehensive financial solution for both personal and business needs.
Fees and Charges for Using Revolut in Finland
Here are some general costs that users might encounter when using Revolut in Finland:
- Monthly Subscription Fees: Revolut offers various plans with different monthly fees. The Standard plan is free, Plus costs €3.99/month, Premium is €9.99/month, Metal is €15.99/month, and Ultra is €50/month.
- Transaction Fees: Depending on the plan, users may encounter fees for certain types of transactions, especially those involving currency exchange or international transfers.
- Currency Conversion Fees: Revolut typically offers competitive exchange rates, but there may be fees for currency conversion, especially on weekends or for less common currencies.
- Withdrawal Fees: Free cash withdrawals are limited to a certain amount per month, depending on the plan. Exceeding this limit may incur additional fees.
- Additional Service Fees: Some services, such as express delivery of physical cards or certain types of insurance, may come with extra charges.
Is Revolut the Best Option in Finland?
Even though Revolut is available in Finland, it might not be the best option for all users due to certain limitations and restrictions.
- Limited Customer Support: Users may experience delays in receiving assistance for urgent issues.
- Weekend Currency Conversion Fees: Higher fees apply for currency conversions during weekends.
- Withdrawal Limits: Free cash withdrawals are capped monthly, with fees for exceeding limits.
- Service Availability: Some advanced features may not be available to Finnish users.
- Regulatory Differences: Services are regulated by the Bank of Lithuania, not Finnish authorities.
Alternatives to Revolut in Finland
1) OneSafe
OneSafe is a leading alternative payment solution in Finland, offering ease of use, lower fees, and superior customer support. Key features include simple onboarding, global payments, multi-currency support, and robust security measures, making it an excellent choice for both personal and business financial needs.
OneSafe Reviews
Users have praised OneSafe for its comprehensive financial services, including ACH, Crypto, Wire deposits, and Virtual cards. Many find it to be the best bank they have used, appreciating its support for most businesses. The positive feedback highlights OneSafe's ease of use and robust service offerings.
2) Wise
Wise offers a multi-currency account, low-fee international money transfers, and a debit card for spending without foreign transaction fees. It provides global account details for receiving payments and tools for managing finances. With cost savings, transparency, and robust security, Wise is a practical alternative for managing international finances in Finland.
Wise Reviews
Wise has an overall rating of 4.7 out of 5 based on 86 reviews. Users have reported issues with money transfers being returned without notification and challenges with document approval. Check out more Wise reviews here.
3) Paypal
PayPal is a viable alternative payment solution in Finland, offering secure payments, global money transfers, and support for online shops. Key features include linking multiple cards, 24/7 fraud monitoring, and Buyer Protection on eligible purchases. These benefits make PayPal a reliable option for both personal and business transactions.
Paypal Reviews
PayPal has a rating of 4.4 out of 5 stars. Users generally mention high transaction fees, a lengthy dispute resolution process, and delays in fund transfers. Check out more PayPal reviews here.
Frequently Asked Questions about Revolut in Finland
Is Revolut available for both personal and business accounts in Finland?
Yes, Revolut offers both personal and business accounts to users in Finland.
What are the monthly subscription fees for Revolut plans in Finland?
Revolut's plans range from free to €50/month, depending on the chosen subscription tier.
Are there any fees for currency conversion with Revolut in Finland?
Yes, currency conversion fees may apply, especially on weekends or for less common currencies.
Does Revolut offer customer support in Finland?
Revolut provides customer support, but users may experience delays in receiving assistance.
Can I use Revolut for international money transfers in Finland?
Yes, Revolut allows international money transfers with competitive exchange rates for Finnish users.
Begin Your Journey with OneSafe Today!
Choosing the right payment solution in Finland is crucial for managing your finances effectively. While Revolut offers various features, alternatives like OneSafe provide lower fees and superior customer support. Explore OneSafe's comprehensive services to find the best fit for your needs. Sign up today!
