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Revolut Megathread.

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    #1562
    Sheep Shagger
    Moderators, Business & Finance Moderators Posts: 6,277 Mod ✭✭✭✭Sheep Shagger


    Seems to be a few issues this morning, noted on tbeir website.

    If someone sends me a link to claim funds from their Revolut, why does it not show in my app, its asking me to put in my mobile phone number then create a new account?


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    #1563
    The J Stands for Jay
    Registered Users Posts: 5,713 ✭✭✭The J Stands for Jay


    talkabout wrote: »
    Topping up Revolut is free from a Debit Card and the just transfer to N26, no charge either side and its in your N26 in seconds.

    Do revolut not have sepa instant?


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    #1564
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    I think traditional banks are a long long way from offering anything close to what Revolut offers. Not even the other fine tech banks like N26 haven’t pulled it off as good as Revolut have.


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    #1565
    Sheep Shagger
    Moderators, Business & Finance Moderators Posts: 6,277 Mod ✭✭✭✭Sheep Shagger


    Legacy banks here are talking to each other about combining efforts and resources to fight the likes of Revolut.

    Is behind a paywall but a clip of today's Business Post.


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    #1566
    JamesBond2010
    Registered Users Posts: 2,376 ✭✭✭JamesBond2010


    Sheep Shagger wrote: »
    Legacy banks here are talking to each other about combining efforts and resources to fight the likes of Revolut.

    Is behind a paywall but a clip of today's Business Post.

    Prob won't be allowed again due to competion law Revolut could complain they have an unfair advantage & that would screw that than.


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    #1567
    Gooey Looey
    Closed Accounts Posts: 1,297 ✭✭✭Gooey Looey


    Sheep Shagger wrote: »
    Legacy banks here are talking to each other about combining efforts and resources to fight the likes of Revolut.

    Is behind a paywall but a clip of today's Business Post.

    Legacy Irish banks need to move from the dark ages and start offering some proper modern tech and less fees so they can compete. The likes of KBC and N26 will wipe the floor with them


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    #1568
    Sheep Shagger
    Moderators, Business & Finance Moderators Posts: 6,277 Mod ✭✭✭✭Sheep Shagger


    Gooey Looey wrote: »
    Legacy Irish banks need to move from the dark ages and start offering some proper modern tech and less fees so they can compete. The likes of KBC and N26 will wipe the floor with them

    True, but even with an injection of tech the legacy banks are like a lot of old businesses (Dublin Bus, Irish Rail, An Post, Aer Lingus among others). They have a their historical baggage, the benefit Revolut, Starling and N26 have is they are building from the ground up. There's no way you would a bank today based on the way AIB or BOI is staffed or operated.

    Re whether the banks getting together to pool tech spend and resources, thats not really anti competitive as they still have to deliver a product to the market and even with the best will in the world they are behind the curve for the reasons above.

    As for wiping the floor, irish consumers as a whole are lazy/slow to switch service providers compared to other countries. These latest BOI increases might increase that but people here appear to like to bitch about fees but not actually move.


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    #1569
    Quintis
    Registered Users Posts: 671 ✭✭✭Quintis


    Quintis wrote: »
    Anyone notice Touch ID is no longer available on IOS after the latest update?

    Seems to be an issue with the latest update, app needs to be deleted and reinstalled to re-activate Touch ID


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    #1570
    carrotcake
    Registered Users Posts: 1,085 ✭✭✭carrotcake


    Sheep Shagger wrote: »
    Legacy banks here are talking to each other about combining efforts and resources to fight the likes of Revolut.

    Is behind a paywall but a clip of today's Business Post.
    Thanks for posting.

    Hopefully their "joint venture to speed up payments" is about supporting SEPA instant, rather than an Ireland-specific reinvention of the wheel.

    They're also going to need to do more than just play catch-up with payments.


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    #1571
    timetogo1
    Registered Users Posts: 853 ✭✭✭timetogo1


    Gooey Looey wrote: »
    Legacy Irish banks need to move from the dark ages and start offering some proper modern tech and less fees so they can compete. The likes of KBC and N26 will wipe the floor with them

    I know a couple of guys working for one of the bigger banks here. From the way they tell me stuff is run, the upstarts have nothing to worry about.


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    #1572
    veryangryman
    Registered Users Posts: 5,547 ✭✭✭veryangryman


    Changing phone number... how do you get revolut to update this. Do you need a new account


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    #1573
    Sheep Shagger
    Moderators, Business & Finance Moderators Posts: 6,277 Mod ✭✭✭✭Sheep Shagger


    veryangryman wrote: »
    Changing phone number... how do you get revolut to update this. Do you need a new account

    https://www.revolut.com/business/help/profile/can-i-change-my-phone-number


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    #1574
    CertifiedSimp
    Site Banned Posts: 280 ✭✭CertifiedSimp


    It says 1 free cross border each month.

    I assume this doesn't mean contactles or chip and pin abroad.

    Is the contactless/low fx fee limitless abroad?


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    #1575
    username?!
    Registered Users Posts: 523 ✭✭✭username?!


    Does anyone have experience with Revolut to UK bank transfer?

    Both the bank and Revolut are part of the UK "Faster Payments" and it mentions the payments are instant if not within 2 hours.

    I'm buying a car in the UK tomorrow and plan to do the transfer after viewing the car. I don't want to end up hanging around or worse still not being able to take the car due to payment not being recieved.

    Any input would be great.


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    #1576
    Sheep Shagger
    Moderators, Business & Finance Moderators Posts: 6,277 Mod ✭✭✭✭Sheep Shagger


    Just did a transfer from Revolut to N26....was instant :)


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    #1577
    Yggr of Asgard
    Registered Users Posts: 5,169 ✭✭✭Yggr of Asgard


    username?! wrote: »
    Does anyone have experience with Revolut to UK bank transfer?

    Both the bank and Revolut are part of the UK "Faster Payments" and it mentions the payments are instant if not within 2 hours.

    I'm buying a car in the UK tomorrow and plan to do the transfer after viewing the car. I don't want to end up hanging around or worse still not being able to take the car due to payment not being recieved.

    Any input would be great.

    Unless the amount triggers an account review/block by revolut the payment should be there quickly.


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    #1578
    awec
    Administrators Posts: 53,561 Admin ✭✭✭✭✭awec


    Mr.S wrote: »
    Fees, is probably the biggest one they need to overcome.

    It's a no brainer to use Revolut when abroad vs your legacy bank where you get a worse exchange rate, and a foreign transaction fee ontop.

    App wise, I have to say Revolut is nothing to write home about - especially the god-awul new layout. Much prefer AIB's. But I do like Revolut's app features like vaults.

    Will be interesting to see how the banks react once Revolut get their Irish banking license and use it.

    Agreed, I bank with AIB. If AIB allowed me some free exchanges every month, and had a vault feature, I wouldn't bother with Revolut.

    I see no value in the premium / metal plans, they are just not worth it. This will be a problem for them eventually as they cannot remain loss making forever. Apparently they are trying to make a profit this year, but I will believe it when I see it.

    I suspect at some point the free offering will change.


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    #1579
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    I’m not familiar with AIB as I bank with EBS (and BoI until recently) who don’t have an app but I use features like instant Revolut to Revolut transfers on a daily basis, used split bill and request money a lot when we were going to pubs and restaurants, Face ID to log in, Apple Pay, instantly add beneficiaries none of the messing you have to do with traditional banks on getting confirmation codes. Multiple currency wallets, vaults, shares, built in currency converter so you know what your rates are, no limits on transfers etc etc.

    I could see no reason to use any traditional bank as my main day to day bank account. I don’t even think any of the other fine tech banks are close to Revolut.


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    #1580
    Hurrache
    Registered Users Posts: 10,174 ✭✭✭✭Hurrache


    I'm astounded how none of the banks here yet have an app with similar functionality to Revolut, sure I think there's even only 1 that you can use Android/Apple pay with?


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    #1581
    irelandrover
    Registered Users Posts: 3,725 ✭✭✭irelandrover


    Claire Shaggy Denim wrote: »
    I’m not familiar with AIB as I bank with EBS (and BoI until recently) who don’t have an app but I use features like instant Revolut to Revolut transfers on a daily basis, used split bill and request money a lot when we were going to pubs and restaurants, Face ID to log in, instantly add beneficiaries none of the messing you have to do with traditional banks on getting confirmation codes. Multiple currency wallets, vaults, shares, built in currency converter so you know what your rates are, no limits on transfers etc etc.

    I could see no reason to use any traditional bank as my main day to day bank account. I don’t even think any of the other fine tech banks are close to Revolut.

    My bank in Holland has all of that except the vaults and multiple currency wallets. And i know some of the dutch banks have vaults as well. Irish banks are a bit behind but they will catch up. Revolut will get more expensive.


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    #1582
    awec
    Administrators Posts: 53,561 Admin ✭✭✭✭✭awec


    Hurrache wrote: »
    I'm astounded how none of the banks here yet have an app with similar functionality to Revolut, sure I think there's even only 1 that you can use Android/Apple pay with?

    AIB, Ulster Bank and KBC all support Apple pay and presumably Android.


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    #1583
    Hurrache
    Registered Users Posts: 10,174 ✭✭✭✭Hurrache


    BOI and PTSB still lagging behind so. Poor form these days.


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    #1584
    adox
    Registered Users Posts: 19,017 ✭✭✭✭adox


    Hurrache wrote: »
    BOI and PTSB still lagging behind so. Poor form these days.

    BOI do finally have Google Pay but too little too late for many.


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    #1585
    Amouar
    Registered Users Posts: 1,223 ✭✭✭Amouar


    I thought that Revolut's FX limit for standard users will be 1000 Euros starting from this month, but I do see that the limit is still 6000 Euros in my account. Did I miss anything?


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    #1586
    carrotcake
    Registered Users Posts: 1,085 ✭✭✭carrotcake


    It was supposed to start some time in August, but it seems it didn't happen. I still have a €6000 limit too.


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    #1587
    msmx5
    Registered Users Posts: 474 ✭✭msmx5


    carrotcake wrote: »
    It was supposed to start some time in August, but it seems it didn't happen. I still have a €6000 limit too.

    Ditto, same here €6k


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    #1588
    jeffk
    Registered Users Posts: 5,841 ✭✭✭jeffk


    Has anyone found a way to lodge money from a credit union

    I tried and said some issue with IBAN or BIC


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    #1589
    Spocker
    Moderators Posts: 6,857 ✭✭✭Spocker


    jeffk wrote: »
    Has anyone found a way to lodge money from a credit union

    I tried and said some issue with IBAN or BIC

    How did you ty and make the transfer? In-branch or via the CUs website?


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    #1590
    jeffk
    Registered Users Posts: 5,841 ✭✭✭jeffk


    Spocker wrote: »
    How did you ty and make the transfer? In-branch or via the CUs website?

    On their website, they have a add a payee option

    Is a community credit union, I know they're different ones with different Web pages etc


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    #1591
    _Godot_
    Registered Users Posts: 878 ✭✭✭_Godot_


    With the new update (I'm in the beta), despite having haptic feedback turned off for everything in settings, it now vibrates when I put my passcode in. Very annoying for me.


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