The English fintech company Revolut announced today the arrival of a new function within the app, called Pockets.
It will allow customers of the service to manage their finances in the best possible way, as they can set aside the necessary funds to pay their rent, bills, expenses, etc…
This new function will be available to all Revolut customers in Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain, Sweden and the UK, and will only be available to other countries in the near future.
This will allow users to know that a part of their balance will always be safe from crazy spending, as they will always set aside money for rent or other essential expenses.
Scheduled payments are made automatically from each Pocket when the time comes, so customers can relax knowing that their bills will be paid and payments will not be delayed or interrupted.
Marsel Nikaj, Head of Savings at Revolut, said:
“We understand how difficult it is to stay on top of all your various bills and subscriptions. With our new feature Pockets, we’re helping our customers manage all their finances in one place and get on top of their spending once and for all. It makes organising bills effortless, so you can focus on the things that really matter, rather than worrying about missing a payment”.
Revolut, Pockets and other features for money management
The company has long been dedicated to launching these features to help its customers achieve better and more conscious spending.
Recently, for example, Revolut also launched a smart feature to manage subscriptions for Netflix, Amazon Prime and so on, to receive a notification when a payment is scheduled so users know if they have money available or if they are in time to renew their subscription.
In order to educate even young people to this type of financial awareness, Revolut launched the Junior version some time ago, i.e. an account for teenagers to manage their pocket money under parental control, of course.