Revolut unveils Pockets money management feature – Finextra

Revolut has today announced the launch of Pockets, a new feature which enables all customers to easily stay on top of their spending and makes organising rent, bills and subscriptions effortless.

By setting money aside into Pockets, customers’ money is free for all the other exciting things they like to buy, safe in the knowledge they’re not accidentally spending their rent.

If customers already have scheduled payments set up with Revolut, then all they need to do is create their Pockets for their various subscriptions and bills, then sort their bills into them. Revolut will make sure that they are paid when they’re due.
Customers can automatically put money aside for bills by setting up recurring funding on payday into their Pockets, so their bills money is automatically set aside, leaving their balance free to spend or save.

Scheduled payments are automatically paid from each pocket when they’re due, so customers can relax in the knowledge that their bills are taken care of and they won’t miss a payment.

A clear overview on the Pockets details page enables customers to stay on top of their spending and tells them if they are on track to cover all their upcoming payments.

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.”

Pockets is currently available to Revolut customers in Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden and the United Kingdom. The feature will roll out to additional European and Revolut’s global expansion markets in the future.  

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