When deciding between Revolut and Pockit, it’s important to evaluate which features best align with your financial needs.
This comparison will highlight key differences, from mobile banking capabilities to specific benefits, helping you make an informed choice.
Revolut
Pockit
How do Revolut and Pockit compare?
Revolut and Pockit are two mobile banking platforms designed to provide digital financial services, each targeting different customer needs with innovative features and intuitive interfaces.
Revolut is tailored for international banking, offering services such as multi-currency accounts, free overseas ATM withdrawals, and cryptocurrency trading. Its comprehensive offerings make it particularly attractive to frequent travelers and those engaging in cross-border financial activities.
Pockit, by contrast, is dedicated to serving underserved communities within the UK. It focuses on individuals with low incomes or poor credit histories, providing an inclusive banking option for those who might otherwise struggle to access traditional financial services.
Both Revolut and Pockit provide virtual and physical debit cards, mobile payments, and budgeting tools. Revolut emphasizes advanced features such as cryptocurrency trading, foreign exchange at interbank rates, and travel insurance. Pockit, on the other hand, stands out with its focus on financial inclusivity, offering products like savings accounts, loans, and credit-building tools to help users improve their financial health.
Both platforms offer free basic accounts, but their revenue models differ. Revolut charges for premium services such as unlimited foreign exchange and access to exclusive features like disposable virtual cards. Pockit operates on a fee-based model, with charges for specific transactions or services, maintaining transparency and accessibility for its target audience.
Revolut and Pockit cater to distinct customer segments. Revolut is ideal for tech-savvy users who require international financial tools and advanced features. Meanwhile, Pockit is better suited for individuals in the UK seeking accessible, inclusive banking solutions with tools to improve financial stability. In summary, the choice between Revolut and Pockit depends on the user’s financial priorities—whether they need sophisticated international banking features or support tailored to underserved communities.
Founded: 2015
Headquarters: London, UK
Users: +45 million
Countries available: 35
Account plans: 5 plan options
Go to Revolut
Founded: 2014
Headquarters: London, UK
Users: +900,000 thousand
Countries available: United Kingdom
Account plans: prepaid debit cards
Go to Pockit
Other comparisons about Revolut and Pockit
Why use a digital bank?
Affordable fees and attractive pricing
With their digital-first approach and reduced operating costs, neobanks often offer highly competitive fees compared to traditional banks. Many neobanks minimize or eliminate fees for services like account maintenance and transactions, and some even provide enhanced interest rates on savings and loans. This cost-efficiency appeals to individuals and businesses focused on maximizing financial value without the typical expenses of traditional banking.
Quick account setup and hassle-free onboarding
Opening an account with a traditional bank is often a slow, paperwork-heavy process. Neobanks streamline this experience by using technology to offer a quick, fully online onboarding. Some even provide instant approval, allowing users to start banking within minutes. This efficiency and ease make neobanks an attractive option for people who want fast, paperless access to financial services.
Intuitive design for easy navigation
Neobanks offer highly accessible, user-friendly mobile apps designed for a smooth, modern banking experience. Unlike traditional banks, which rely on complex processes and paperwork, neobanks provide a streamlined interface where users can manage finances, track transactions in real-time, and set up alerts with ease. This straightforward, app-based experience appeals to tech-savvy users and businesses alike, offering a practical solution for efficient financial management.
Advanced budgeting and financial tracking tools
Neobanks often come equipped with advanced financial tools built right into their apps, giving users insights into spending patterns, budgeting help, and real-time transaction categorization. For businesses, this translates into improved financial control and clear visibility over cash flow. With features like expense tracking and financial analysis, neobanks empower individuals and businesses to make informed, data-driven financial decisions, setting them apart with their strong focus on financial management.
Responsive support and community involvement
Neobanks focus on customer satisfaction with quick, accessible support through multiple channels like in-app chat, email, and even social media. Traditional banks can sometimes have slower, more bureaucratic service, but neobanks use technology to deliver faster, more tailored responses. Many also build a sense of community through online forums and events where users can exchange tips and insights, fostering a collaborative approach to banking.