Revolut announced today the launch of a new smart feature to better manage subscriptions.
With this new option, customers who have a Revolut account will receive a notification when a payment is scheduled or when they do not have enough money to pay for the subscription and it will be much easier to block an unwanted subscription.
As explained in the press release, Revolut wants to give customers more control and visibility over their finances, so this smart feature will do just that.
With this new smart tool, customers with Revolut accounts will be able to see how much they spend on scheduled payments with individual merchants and block them quickly without visiting the websites of each individual service.
Having clear which subscriptions have been taken out, the costs and renewal dates, all in one section of the Revolut app, makes it easier to identify all unwanted or no longer necessary expenses to decide whether to block them, reactivate them or not.
Customers will be notified when a payment is scheduled, so they know what they are about to pay and therefore always keep an eye on their expenses.
They will also be notified when there is not enough money in the account to cover a scheduled payment so they can top up the account on time or block the payment.
What’s new for the smart control of your Revolut account
Revolut recently launched several new products to give customers more control and full visibility of their expenses, including Open Banking and improved budgeting and analytics tools.
A few weeks ago the company fintech also made free SEPA instant money transfers available across Europe to receive and send money within minutes.
In the future Revolut will launch additional features to keep your money under control, such as notifications about the end of subscription trial periods, so that you can decide in time whether to continue or stop the service.