Revolut Expands Joint Accounts Offering into the UK

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Revolut, the global financial super app, has today announced the launch of its new Joint Accounts product in the UK, after hitting 100,000 joint users across the EEA.

The Joint Accounts feature will allow customers to create an extra account within the Revolut app to be jointly owned by two people - whether they are partners, family members or friends. These new accounts offer customers greater flexibility in managing their finances, through pooling resources and the ability to manage a common budget.

Revolut's Joint Accounts have been designed to increase financial flexibility and inclusion, and to suit the needs of all customers and their personal relationships.
Revolut customers in Europe are predominantly using Joint Accounts for everyday spending, with the top spending categories being supermarket shopping and restaurants.

Antonella Benhamou, Head of Banking Tribe and UX Product Owner at Revolut: "We are really excited to be launching Joint Accounts to customers in the UK today, following the successful release of the feature to European markets back in April. As it continues to scale at pace, Revolut is becoming even more social and inclusive to meet the needs of different individuals, relationships and budgets. Joint Accounts will help to easily sort out money matters with whomever we share our financial life - blending the best of existing social and banking features."

(Source: Finextra)