Revolut Megathread.

Yggr of Asgard

https://www.boards.ie/discussion/comment/120182130#Comment_120182130

That is a good summary and coupled that with a lack of a central address registration at the local Government level it creates some unique challenges like using a Gas bill to proof residency.

Plus, in some of the European markets they also have more reference points about the customer with extensive reporting about bill payments, mobile phone contracts, loans etc because of private credit reference agencies. Our CCR is a little kitten against the German Schufa for example.

PenguinForce

New to revolut. Going away to HK. Still waiting for my revolut card to arrive hopefully this week.

Can I use the card aboard without any hassle like I don't need add a "travel note" or anything right?

Yggr of Asgard

https://www.boards.ie/discussion/comment/120206204#Comment_120206204

Create a virtual card and add it to ApplePay/Google Pay and use that - reduces the risk of fraud when traveling.

You don't need to add a travel note, they use an AI for fraud detection.

If you use your physical card once it's there, go into the cards settings and scroll down, there is a setting to enable/disable location-based security, swipe payments and other functions of the card. If you have location based on, your phone's location is used to help prevent fraud.

PenguinForce

https://www.boards.ie/discussion/comment/120206223#Comment_120206223

Thank you that was informative.

How does their AI fraud detection work? Say if I need to make €3k payment in HK for a hotel or whatever. Should I be a afraid that they will freeze my account?

Or if I have location based security turned off that won't be an issue?

Red Silurian

https://www.boards.ie/discussion/comment/120180387#Comment_120180387

Seems he was on newstalk lunchtime live on Monday (30/01) available on Google podcasts for anybody that wants a listen

Yggr of Asgard

https://www.boards.ie/discussion/comment/120206569#Comment_120206569

Generally, you should not have problems if you have funds.

The location-based option ON means it will check your phone's GPS location and the location of the card payment and if it matches it's an additional security point. For example, if you are in Dublin but your card is physically swiped in Toronto then it's not going to work (well in theory).

But if you for example pay your hotel in advance while being in Ireland than location base comes not into play because it's done as an online payment.

How the AI works - nobody but revolut knows.

Also, never travel with just one card provider, always have a backup option! Especially giving how hard it is to get a human with Revolut.

SmithJames84

Anyone had any problems with Revolut Pay Later?

I was approved for it, and followed all the steps correctly, but instead of taking just the first installment, they took the full amount.

They're currently investigating it for me but I'm just curious if this has happened to anyone else?

Gooser14

Anyone having problems with the "Attach receipt" function of late. I'm using Revolut version 8.90 & this function hasn't worked for a number of weeks now. I have reported it to Revolut but they haven't yet fixed the problem. Two other Revolut users in our household are experiencing the same problem.

PenguinForce

https://www.boards.ie/discussion/comment/120207334#Comment_120207334

Thanks again.

OK that's good to know. I will have to settle payment for the hotel stay at check out so I was thinking of using my revolut card. So was wondering if there will be a chance that they would think its fraud and decide to freeze my card/account.

I will have my AIB debit and credit card as back up. I only found out that AIB removed travel note completely and just replaced with SMS verification. Which in my opinion isn't the most reliable when outside Europe.

Yggr of Asgard

https://www.boards.ie/discussion/comment/120208260#Comment_120208260

The only downside to that plan is that at check-in the hotel wants to put a hold on your card for the whole amount + an estimate of other charges (laundry, minibar, restaurant) and as the Revolut cards are coded as Debit card this might create an issue as it will freeze the funds on your revolut card and if at check-out they don't do it correctly (i.e. charge the authorization but create a new charge) you might not have enough funds.

You could use your credit card for the guarantee and then at check-out use Revolut to get the better exchange rate if your credit limit on the AIB card is high enough. Will require some interaction at check-out but will save you a chunk of money.

If you google "Debit cards and hotels" you will get a better understanding of the issue.

beachhead

https://www.boards.ie/discussion/comment/120208434#Comment_120208434

Best advice

PenguinForce

How long does it usually take for physical revolut card to arrive? Does it get shipped from the UK?

Me and my partner ordered ours on the night 27th of January which is the weekend. And was giving an expected date to be here for last Friday the 3rd. I can't track it either.

Jamie2k9

If I select GBP on the app I get UK IBAN/Sort Code etc, anyone confirm if this account will work for a SWIFT transfer (GBP payment)?

mightyreds

https://www.boards.ie/discussion/comment/120212944#Comment_120212944

Yeah I used this for payment from GB accounts

Jamie2k9

https://www.boards.ie/discussion/comment/120213071#Comment_120213071

Thanks. Any idea if the Visa Debit card will access the GBP account if I was to spend it?

doyle55

Will revolut Irish iban have 22 digits?

Yggr of Asgard

https://www.boards.ie/discussion/comment/120213408#Comment_120213408

I would speculate yes, 8-digit account number with sort code 990360 so somewhere along IEXXREVO99036012345678.

https://www.boards.ie/discussion/comment/120213175#Comment_120213175

It will if you make a sterling transaction

Yggr of Asgard

Is it just me or is getting warnings about "potential fraud" when trying to make transfers to a bank account out of hand?

I used to get these once in a while but now I'm getting them regularly, on payments to Bunq and others.

I have to sit through the whole video about how fraudsters behave, then confirm I really want to make the transfer, choose a reason, see another custom video and finaly can confirm that I am sure I want to make the transfer.

Is this just me or is anybody else also having this?

Jeff2

https://www.boards.ie/discussion/comment/120213479#Comment_120213479

I could be wrong but I think it pays in GBP if you have the funds there. If not it goes out of your Euro account with a charge for exchange to GBP.

timetogo1

Yep. Was transferring from revolut to a bank account in my name, that I've transferred to several times before and had to answer several questions about knowing what a fraud is.

I did two transfers to two accounts at the same time. The "potential fraud" took about 30 mins longer for me to get the note to say it was being transferred so they probably did some back end check too.

Micky 32

Has anyone on here successfully rented a car in the USA with a revolut card?

Dodge

https://www.boards.ie/discussion/comment/120227985#Comment_120227985

Kind of. We used a debit card for the imprint but paid with revolut (pre-paid rate).

Nearly 5 years ago now so might not too helpful

Micky 32

Seeing that revolut changed to a “bank” Is Revolut still a prepaid debit card or a debit card?

Yggr of Asgard

https://www.boards.ie/discussion/comment/120233323#Comment_120233323

The last physical card I got was a Visa Debit Infinite card.

The last online only card I got was an Irish Mastercard World Debit.

So depending on what card you get you might have different levels but they should now all be Debit.

And no one of those give you any Infinite or World benefits, it has no consumer facing advantage, in fact it has disadvantages as some retailers have the right to refuse premium brand cards outside the EU due to the way higher cost.

TuamJ

https://www.boards.ie/discussion/comment/120233517#Comment_120233517

Interesting. We couldn't get either Revolut or Wise (both Visa Infinite cards) to work in a few places in Seattle that all shared the same type of till. Space needle, Chillily Gardens, Mpop museum all rejected the card - all using same type of till. One of the cashiers said something about refusing some types of cards because of the transaction fees but I couldn't figure out what he meant since they were Visa and my AIB visa worked......that probably explains it.

Yggr of Asgard

https://www.boards.ie/discussion/comment/120237257#Comment_120237257

Yes the cashier was right, the cost to accept premium cards in the US is significantly higher than standard cards and so some businesses refuse to accept them.

Yggr of Asgard

Joint Accounts are on the way, invitations to join the waitlist are getting displayed in app.

crinkley

yes got the invite to join the waiting list, myself and my partner use group vaults for bills etc so this could prove very handy

Sheep Shagger

Got this, have signed up