Revolut Megathread.

Quintis · 28-08-2020 9:57pm

Anyone notice Touch ID is no longer available on IOS after the latest update?

Davexirl · 28-08-2020 9:59pm

Lucas Hood wrote: »

Seems a bit pointless to transfer money from n26 to revolut like that. When top up is instant.

I was just checking if N26 had sepa instant transfer, sure your not always topping up your own account all the time, transferring to another person is where the sepa instant transfer comes in handy.

inel · 28-08-2020 11:01pm

Davexirl wrote: »

I was just checking if N26 had sepa instant transfer, sure your not always topping up your own account all the time, transferring to another person is where the sepa instant transfer comes in handy.

N26 currently support only incoming SEPA instant transfers, not outgoing.

It is also mentioned on their website.

Sheep Shagger · 29-08-2020 11:04am

Thanks lads, have moved the last of my direct debits etc to Revolut, once my salary is changed over I'll be closing my BOI account.

Am only keeping my n26 account to take in my salary plus hold savings as it has the banking license where Revolut doesn't (yet). Only need to send money from n26 to Revolut once a month (on pay day), sounds like a top up using debit card will be fastest (instant).

adox · 29-08-2020 12:02pm

Sheep Shagger wrote: »

Thanks lads, have moved the last of my direct debits etc to Revolut, once my salary is changed over I'll be closing my BOI account.

Am only keeping my n26 account to take in my salary plus hold savings as it has the banking license where Revolut doesn't (yet). Only need to send money from n26 to Revolut once a month (on pay day), sounds like a top up using debit card will be fastest (instant).

Be aware that N26 charge 3% for debit card transfer. Could be quite costly if you are transferring your wages once a month.

SEPA while slower is free.

Sheep Shagger · 29-08-2020 1:45pm

adox wrote: »

Be aware that N26 charge 3% for debit card transfer. Could be quite costly if you are transferring your wages once a month.

SEPA while slower is free.

Oh i tbought that was if you were topping up your n26 account using a debit card, this would be me topping up my revolut using my n26 card.

Thought I did a top up of with a card a while back and didn't get a charge ....might need to rethink that, am only transferring my 'play money' to Revolut so not the whole lot.....dont want to pay a fee though, will have a think, the SEPA transfer might be OK if slower as am lucky enough not to be running that close to zero on payday.

Thanks

TheChizler · 29-08-2020 3:28pm

Sheep Shagger wrote: »

Oh i tbought that was if you were topping up your n26 account using a debit card, this would be me topping up my revolut using my n26 card.

That's correct, topping up Revolut with a debit card is free, N26 isn't. I think adox picked you up wrong.

adox · 29-08-2020 4:29pm

Apologies, I got my wires crossed and was thinking the other way around.

talkabout · 29-08-2020 4:56pm

TheChizler wrote: »

That's correct, topping up Revolut with a debit card is free, N26 isn't. I think adox picked you up wrong.

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.

Sarn · 29-08-2020 6:36pm

Quintis wrote: »

Anyone notice Touch ID is no longer available on IOS after the latest update?

Working fine here.

Sheep Shagger · 30-08-2020 10:22am

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?

The J Stands for Jay · 30-08-2020 1:16pm

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?

30-08-2020 1:20pm

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.

Sheep Shagger · 30-08-2020 6:58pm

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.

JamesBond2010 · 30-08-2020 7:43pm

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.

Gooey Looey · 30-08-2020 7:46pm

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

Sheep Shagger · 30-08-2020 7:54pm

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.

Quintis · 30-08-2020 9:36pm

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

carrotcake · 31-08-2020 6:23am

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.

timetogo1 · 31-08-2020 11:38am

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.

veryangryman · 31-08-2020 11:55am

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

Sheep Shagger · 31-08-2020 11:58am

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

CertifiedSimp · 31-08-2020 12:21pm

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?

username?! · 31-08-2020 2:16pm

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.

Sheep Shagger · 31-08-2020 2:38pm

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

Yggr of Asgard · 31-08-2020 4:26pm

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.

awec · 01-09-2020 10:26am

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.

01-09-2020 1:06pm

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.

Hurrache · 01-09-2020 1:08pm

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?

irelandrover · 01-09-2020 1:11pm

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.

awec · 01-09-2020 4:39pm

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.

Hurrache · 02-09-2020 9:41am

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

adox · 02-09-2020 10:05am

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.

Amouar · 04-09-2020 9:30am

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?

carrotcake · 04-09-2020 9:49am

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

msmx5 · 04-09-2020 9:49pm

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

jeffk · 06-09-2020 9:13am

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

I tried and said some issue with IBAN or BIC

Spocker · 06-09-2020 10:20am

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?

jeffk · 06-09-2020 10:22am

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

_Godot_ · 06-09-2020 11:10am

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.

andrew1977 · 06-09-2020 9:12pm

I’m off to Belfast for a few days break .
I’m going to top you my Revolut with a few hundred euro to cover me for beer/ grub/ general day to day spending .

When I top up in euro , should I leave it in euro or should I convert the whole lot to sterling and pay that way ?
What’s the best option ?
Thanks

Gooey Looey · 06-09-2020 9:16pm

andrew1977 wrote: »

I’m off to Belfast for a few days break .
I’m going to top you my Revolut with a few hundred euro to cover me for beer/ grub/ general day to day spending .

When I top up in euro , should I leave it in euro or should I convert the whole lot to sterling and pay that way ?
What’s the best option ?
Thanks

Leave it in Euro, it'll convert as you spend

Quackster · 06-09-2020 9:59pm

jeffk wrote: »

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

I tried and said some issue with IBAN or BIC

I semi-regularly top up my Revolut account by EFT from my credit union account using the cuAnywhere app. Typically takes less than 24 hours.

jeffk · 06-09-2020 10:03pm

Quackster wrote: »

I semi-regularly top up my Revolut account by EFT from my credit union account using the cuAnywhere app. Typically takes less than 24 hours.

I went back in to see and there is a Revolut in as a payment , but there's either the IBAN, BIC or both now in the name, I just named it Revolut

Tried sending 50,least I know takes less than a day thanks

irelandrover · 07-09-2020 5:45am

Gooey Looey wrote: »

Leave it in Euro, it'll convert as you spend

Convert it before the weekend. If you leave it convert as you go then the rates are higher at the weekend.

adam88 · 07-09-2020 8:16am

Gooey Looey wrote: »

Leave it in Euro, it'll convert as you spend

Unless exchange rates take some mad swings.

The dollar is after weakening lately and I’m hoping to be there for paddy’s so I took a gamble and bought a bit of it trying to capture in the good rates there at the moment but in the main stay rates aren’t going to change drastically and what a lad would be spending on a lads weekend it’s not that much

adam88 · 07-09-2020 8:17am

Gooey Looey wrote: »

Leave it in Euro, it'll convert as you spend

Unless exchange rates take some mad swings.

The dollar is after weakening lately and I’m hoping to be there for paddy’s so I took a gamble and bought a bit of it trying to capture in the good rates there at the moment but in the main stay rates aren’t going to change drastically and what a lad would be spending on a lads weekend it’s not that much

Dodge · 07-09-2020 8:51am

andrew1977 wrote: »

I’m off to Belfast for a few days break .
I’m going to top you my Revolut with a few hundred euro to cover me for beer/ grub/ general day to day spending .

When I top up in euro , should I leave it in euro or should I convert the whole lot to sterling and pay that way ?
What’s the best option ?
Thanks

Personally, I’d change before you go. If you’re budgeting, you’ll always be trying to work out the price in Euro if you leave it

However if you have a sterling wallet of £xxx you’ll have a much handier sense of what you’ve spent and what’s left

SB71 · 07-09-2020 11:15am

Have many on here just closed their bank account and get their salary paid into Revolut?i have Revolut premium and rarely use my bank anymore except to transfer money into my Revolut account.

Just wondering if anyone uses it as their sole bank and of encountered any issues?

Pacifico · 07-09-2020 11:17am

SB71 wrote: »

Have many on here just closed their bank account and get their salary paid into Revolut?i have Revolut premium and rarely use my bank anymore except to transfer money into my Revolut account.

Just wondering if anyone uses it as their sole bank and of encountered any issues?

Wouldn't think there would be any issues but i wouldn't personally lodge my salary into Revolut...saying that as a day 1 Revolut user!

Revolut Megathread.

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