Revolut Megathread.

20-06-2020 12:44PM

That’s my main use, and the reason I’ll leave the current account linked. If I want to see my balance on the BoI app it’s the whole typing login and then if you forget to force close the app after it’ll suck the life out of the phone battery. Revolut is just one tap and then Face ID into everything. The transaction history is poor for the account on the Revolut app but the balance seems to be bang on within about 20 minutes.

Zardoz · 20-06-2020 12:57PM

Aquos76 wrote: »

Revenue were able to inform me about my N26 account a few years ago despite me using it very little since I opened it.

N26 ask you for your PPS number as Tax number so I assume Revenue have access to that.

wandererz · 20-06-2020 02:00PM

Signed up for N26 last night.
What a crock of sh*t.

3% just to add money via a card.
Why is the recipient bank charging.

I get that it's a bank account, but I have 2 of those already and there's no seeming benefit.
I have about 40 contacts on Revolut but only about 9 on N26. And I don't contact them on a regular basis anyway.

nsa0bupkd3948x · 20-06-2020 02:07PM

wandererz wrote: »

Signed up for N26 last night.
What a crock of sh*t.

3% just to add money via a card.
Why is the recipient bank charging.

I get that it's a bank account, but I have 2 of those already and there's no seeming benefit.
I have about 40 contacts on Revolut but only about 9 on N26. And I don't contact them on a regular basis anyway.

Does any Irish bank allow you to add money by debit card?

Obviously revolut is but it's a prepaid card and not a bank which has downsides.

I've had both now for years. N26 is my day to day bank and only ever use revolut to send money to mates very occasionally.

N26 for me is far better. Been stung too many times with revolut not working

nsa0bupkd3948x · 20-06-2020 04:43PM

Mr.S wrote: »

Revolut are starting to issue debit cards versus prepaid. Not a massive difference though!

Interesting - would make me somewhat consider them again. A lot of the countries I go to Prepaid cards are charged $5 or so ATM withdrawal fees with N26 debit card is free massive difference for me.

I'd need to check the reliability though been let down by Revolut on 3 separate occasions of cards not working.

20-06-2020 05:27PM

Achilles CoolS Circus wrote: »

Interesting - would make me somewhat consider them again. A lot of the countries I go to Prepaid cards are charged $5 or so ATM withdrawal fees with N26 debit card is free massive difference for me.

I'd need to check the reliability though been let down by Revolut on 3 separate occasions of cards not working.

I use Revolut for pretty much all my banking for the last two years and have never once been let down by it, prior to lockdown that would have been multiple transactions every day on top off all online spending, holiday spending, sending money almost daily between me and my wife, some subscriptions and direct debits etc etc.

20-06-2020 05:29PM

I don’t think I’ve ever had a payment fail unless the machine wasn’t working and couldn’t take cards at all. I do all my spending with the Revolut (via AP).

Marcusm · 20-06-2020 08:32PM

Zardoz wrote: »

N26 ask you for your PPS number as Tax number so I assume Revenue have access to that.

It’s called the Common Reporting Standard and absolutely they get an electronic file of accounts opened by Irish PPS holders.

Akesh · 20-06-2020 08:49PM

Marcusm wrote: »

It’s called the Common Reporting Standard and absolutely they get an electronic file of accounts opened by Irish PPS holders.

Do you know if an individual can access what information has been transferred and what accounts Revenue deem to be held by an individual?

Marcusm · 20-06-2020 09:42PM

Akesh wrote: »

Do you know if an individual can access what information has been transferred and what accounts Revenue deem to be held by an individual?

If you’ve opened a foreign bank using your Irish identity you should assume it has been disclosed to Revenue. You have a separate obligation to notify Revenue of Foreign bank accounts which you have opened.

The common Reporting Standard operates on the basis of automatic exchange of information! Doesn’t mean any action is taken by the home state but you should work on the basis that Revenue is aware.

Chieftain · 21-06-2020 08:08PM

Hi all,

Just wondering is anyone having trouble linking their AIB account to Revolut. I'm just not getting the notification on my phone and it times out. Have notifications turned on for AIB alright. Its an Apple phone. Have linked my TSB without any hassle.

Thanks

Henry Ford III · 23-06-2020 10:51AM

I need to make a payment in £. Recipient doesn't use Revolut.

Is there any advantage for me?

TheChizler · 23-06-2020 10:53AM

Henry Ford III wrote: »

I need to make a payment in £. Recipient doesn't use Revolut.

Is there any advantage for me?

Free conversion to £ at the best possible rate and transfer to their bank account.

Wuff Wuff · 23-06-2020 10:53AM

Henry Ford III wrote: »

I need to make a payment in £. Recipient doesn't use Revolut.

Is there any advantage for me?

can transfer it direct to their UK account with Revolut and it arrives fairly quickly, youd be saving on what your bank here will charge

im always using it to tranfser from my bank here to my Natwest account

Henry Ford III · 23-06-2020 11:14AM

Wuff Wuff wrote: »

can transfer it direct to their UK account with Revolut and it arrives fairly quickly, youd be saving on what your bank here will charge

im always using it to tranfser from my bank here to my Natwest account

How quick is the transfer? I'm looking at buying a motorbike privately.

Will be bringing a van so don't want to be hanging around.

Wuff Wuff · 23-06-2020 11:19AM

Henry Ford III wrote: »

How quick is the transfer? I'm looking at buying a motorbike privately.

Will be bringing a van so don't want to be hanging around.

Longest mine has ever taken is about 3 minutes, and it does be instant on sundays also which is mad compared to here

Henry Ford III · 23-06-2020 11:23AM

So just load my Revolut card with €, and then transfer to the recipient in STG£?

Good exchange rate and it's instant?

Could it be that simple?

Aquos76 · 23-06-2020 11:23AM

RE linked bank accounts looks like there are issues PTSB, mine hasn’t updated in 4 days now, think it’s time to unlink now.

EndaHonesty · 23-06-2020 11:25AM

Henry Ford III wrote: »

So just load my Revolut card with €, and then transfer to the recipient in STG£?

Good exchange rate and it's instant?

Could it be that simple?

It is that simple, yes.

You can also put in the recipient's email address so they will get an email confirming the transfer is on the way.

The official email is often enough for people to release goods.

Henry Ford III · 23-06-2020 11:28AM

EndaHonesty wrote: »

It is that simple, yes.

You can also put in the recipient's email address so they will get an email confirming the transfer is on the way.

The official email is often enough for people to release goods.

Wow that sounds really good.

EndaHonesty · 23-06-2020 11:32AM

Henry Ford III wrote: »

Wow that sounds really good.

In my experience the bank transfers are not instant, usually overnight for me.

But the official email from Revolut to the recipient, confirming the transfer is on the way, is instant. And that gives the recipient confidence that the money is on the way.

Wuff Wuff · 23-06-2020 11:33AM

EndaHonesty wrote: »

In my experience the bank transfers are not instant, usually overnight for me.

But the official email from Revolut to the recipient, confirming the transfer is on the way, is instant. And that gives the recipient confidence that the money is on the way.

do you do transfers to UK accounts? ive never had one take more than a few minutes at most?

ones to Irish accounts can take a day or two

EndaHonesty · 23-06-2020 11:39AM

Wuff Wuff wrote: »

do you do transfers to UK accounts? ive never had one take more than a few minutes at most?

ones to Irish accounts can take a day or two

Most of my transfers are to UK companies.
The feedback from the companies is that the transfers are not instant, but I haven't looked into it too much, so they could be.

Wuff Wuff · 23-06-2020 11:44AM

EndaHonesty wrote: »

Most of my transfers are to UK companies.
The feedback from the companies is that the transfers are not instant, but I haven't looked into it too much, so they could be.

hmm maybe business acounts are different to process incoming payments,

just sent myself money as a test and by the time i closed Revoult and opened Natwest the funds were there

acalmenvoy · 23-06-2020 01:35PM

Aquos76 wrote: »

RE linked bank accounts looks like there are issues PTSB, mine hasn’t updated in 4 days now, think it’s time to unlink now.

Same with BOI, balance updates but transactions haven't updated since I linked on first day.

testtech05 · 23-06-2020 01:39PM

acalmenvoy wrote: »

Same with BOI, balance updates but transactions haven't updated since I linked on first day.

Same here

blastman · 24-06-2020 02:07PM

Henry Ford III wrote: »

So just load my Revolut card with €, and then transfer to the recipient in STG£?

Good exchange rate and it's instant?

Could it be that simple?

Bear in mind that Revolut's exchange rate is slightly worse than the normal rate at weekends, as they do this to protect themselves against weekend rate fluctuations. If you're buying a more expensive item, it's probably worth doing the exchange on the Friday afternoon and holding the payment in sterling or whatever the required currency is.

24-06-2020 02:55PM

There is also a fee for conversions above 5k currently and soon to be 1k.

Gooey Looey · 25-06-2020 08:56AM

My PTSB linked account hasn't updated in Revolut since the 17th so the feature is completely useless

testtech05 · 25-06-2020 09:05AM

Gooey Looey wrote: »

My PTSB linked account hasn't updated in Revolut since the 17th so the feature is completely useless

I have a BOI and UB both linked and neither have updated at all in about a week. I am hoping it improves but at the minute it is not very useful bar for a live check of the account balance!

Revolut Megathread.

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