Revolut, a British financial technology company, has announced that it will be launching its new ‘Ultra’ subscription service by spring 2023. ‘Ultra’ will only be available to individuals who are on the waiting list, and members of this list will be eligible for a cashback incentive once their plan starts. Revolut hopes this new subscription will increase its card usage data and average assets transferred, reassuring consumers that the stock and cryptocurrency market is still a viable investment option.
Instead of offering separate checking and savings accounts, Revolut provides solutions that combine savings accounts with the capability to move money the same way you would with a checking account but without using real checks. The company plans to offer it’s ‘Ultra’ subscription members more travel and investment-based benefits.
Image Credit: Revolut