nav[aria-label="Primary Navigation"] { padding: 0; & ul { list-style: none; width: 100%; display: flex; flex-direction: row; justify-content: start; align-items: start; gap: 30px; padding: 0; & li { margin: 0; } & ul li { list-style: none; } } }

Child Item

Revolut Megathread.

Toots

Starting a new thread as the old one had reached the 10k post limit.

Link to old thread: https://www.boards.ie/vbulletin/showthread.php?t=2057481488

Carry on

Find more posts tagged with

revolut

mbs tech

Quick Links

Comments

KilOit

banie01 wrote: »

Running Oxygen OS?

Yes

banie01

KilOit wrote: »

Yes

Technically because of however Revolut have coded the OS id function, it's tripping the Revolut app to see the phone as rooted.
Oxygen is despite being factory fresh, a custom os as far as Revolut seem to be concerned.

The work around is posted a few posts up and it does work and should until Revolut make the update mandatory.

[Deleted User]

KilOit wrote: »

Yes

I'm running the same, standard Nord on factory settings etc and up to date app. I'm working fine with no issues

Bummer1234

Has anyone ever successfully got a statement of the money thats held in there vault/group vaults?

Myself and the misses have a group vault to save for the mortgage and off course need a statement of our savings but trying to get proof of these from revolut is a nightmare. They keep sending us out our current account which shows the money going to the vaults but can't get a statement of the vaults themselfs.

Any ideas before I move my money to a credit union to just to prove we have the savings. :eek:

[Deleted User]

Bummer1234 wrote: »

Has anyone ever successfully got a statement of the money thats held in there vault/group vaults?

Myself and the misses have a group vault to save for the mortgage and off course need a statement of our savings but trying to get proof of these from revolut is a nightmare. They keep sending us out our current account which shows the money going to the vaults but can't get a statement of the vaults themselfs.

Any ideas before I move my money to a credit union to just to prove we have the savings. :eek:

Please move savings away from Revolut. I have nothing against them but they aren't for savings and do not have banking licences and so are not part of deposit protection schemes. They have e-money licences, with a bank your savings are protected up to 100k, with anything else you have no protection.

It would be different if you were investing for gain and accepting risk, but this is for a mortgage. While it's unlikely they'll go bust in the morning, stranger things have happened. See Wirecard Germany.

Bummer1234

Deleted User wrote: »

Please move savings away from Revolut. I have nothing against them but they aren't for savings and do not have banking licences and so are not part of deposit protection schemes. They have e-money licences, with a bank your savings are protected up to 100k, with anything else you have no protection.

It would be different if you were investing for gain and accepting risk, but this is for a mortgage. While it's unlikely they'll go bust in the morning, stranger things have happened. See Wirecard Germany.

Did they not get a lithuania banking license in the last year to protect like a bank up-to 100k?

Yggr of Asgard

Bummer1234 wrote: »

Did they not get a lithuania banking license in the last year to protect like a bank up-to 100k?

They do have a bank license but it is not in use for Irish customers, those are on the emoney license.

The bank license is only in use for Lithuanian and polish customers at the moment.

killbillvol2

Bummer1234 wrote: »

Has anyone ever successfully got a statement of the money thats held in there vault/group vaults?

Myself and the misses have a group vault to save for the mortgage and off course need a statement of our savings but trying to get proof of these from revolut is a nightmare. They keep sending us out our current account which shows the money going to the vaults but can't get a statement of the vaults themselfs.

Any ideas before I move my money to a credit union to just to prove we have the savings. :eek:

In a thread with a lot of stupid posts/ideas this may take the biscuit. Move your money. Now.

[Deleted User]

Finance is tricky and it's not everyone's strong suit. Were it not for forums like this, I think most people would not know that their money night not be so safe in Revolut. I only know because I work in finance.

Always ask the question I say.

stockshares

Use Revolut for spending Online, when travelling for best exchange rates and for spending when out and about.

Don't use it as a savings account.

Bummer1234

killbillvol2 wrote: »

In a thread with a lot of stupid posts/ideas this may take the biscuit. Move your money. Now.

I do like a good biscuit mind....but otherwise will take your advice on board and move to saver environments....luckily our savings on Revolut aren’t huge anyway but I’m sure there is others reading this that perhaps has a right few euro in there vaults also so this could be a heads up....

Thanks all..

KilOit

banie01 wrote: »

Technically because of however Revolut have coded the OS id function, it's tripping the Revolut app to see the phone as rooted.
Oxygen is despite being factory fresh, a custom os as far as Revolut seem to be concerned.

The work around is posted a few posts up and it does work and should until Revolut make the update mandatory.

Thanks, previous version of Revolut worked no problem, auto update is off till it's sorted on their end hopefully

donspeekinglesh

If you use Magisk, there's an option to rename it to hide it. This works on the original update that broke it.

There's a more recent update, bit I'm not going to install it.

Zardoz

Mr.S wrote: »

To be fair, a quick Google would show that Revolut in IE is not covered under the DGS.

What doesn't help is the wording on Revolut's website.

There is protection of client funds though, but yes you would be a bit silly to put a large amount of funds into Revolut.

Not only is Revolut not covered under the DGS , there is also the risk of them freezing your account on a whim.

Sheep Shagger

Credit Unions want to appeal to the Revolut generation...

The J Stands for Jay

Sheep Shagger wrote: »

Credit Unions want to appeal to the Revolut generation...

Who are the revolut generation? I work on finance, and all the manger, who are in their 40s, use revolut. I doubt if any of them are members of a credit union. If credit unions are more expensive than their competition, they need some other reason to exist.

Creamy Goodness

Sheep Shagger wrote: »

Credit Unions want to appeal to the Revolut generation...

and they do that by having an article in a newspaper and one with an old demographic :pac:

The J Stands for Jay

Mr.S wrote: »

But...they do? Revolut can't offer what CU's provide.

The issue with CU's is that most of them are stuck in the stone ages with regards mobile / online features - it's only fairly recently that CU's started to offer a debit card for use online etc (!)

Their competition is banks providing loans. My local credit union offers personal loans at 10.94%. bonkers.ie comparison for personal loans shows all the banks are lower than that. An Post will do it for 4.9%. I'm not seeing what credit unions can offer potential customers right now.

jobless

how long do bank transfers to revolut normally take?... its from a personal PTSB account

irelandrover

How long before you can withdraw money after selling stocks?
I sold stocks thursday last week but it is still unavailable as it is unsettled money.

Aquos76

jobless wrote: »

how long do bank transfers to revolut normally take?... its from a personal PTSB account

During banking hours, it normally takes a couple of hours for me.

Jim2007

irelandrover wrote: »

How long before you can withdraw money after selling stocks?
I sold stocks thursday last week but it is still unavailable as it is unsettled money.

Here is the thing, it normally takes 2 to 5 business days for a stock exchange transaction to settle. However these days most brokers just credit you with the cash more or less immediately and the settlement just completes in the background.

So unless the transaction was from something exotic or you are dealing with a very small broker, I would have expected you'd have access to the cash by now.

inel

irelandrover wrote: »

How long before you can withdraw money after selling stocks?
I sold stocks thursday last week but it is still unavailable as it is unsettled money.

Maybe also take into account that today is a holiday in the US and NYSE market is closed.

tenreds

I work in NI but my wages are paid into my Irish bank account ( BOI). Since the start of January bank has been charging me €7.50 every week for my wages coming in to the bank I think because of Brexit.Would it be better if I got my wages paid into my Revolut account and just transfer then into my Irish bank account

-=al=-

Yea you could use your GB Iban details to get paid, however it’s a bit messy atm as Revolut are transitioning the ibans around due to Brexit. The GB details will only work a few more months. If you can give your Lithuanian iban details it might be better long term

https://blog.revolut.com/transferring-our-lithuanian-customers-before-brexit/

Not sure if there’s a update about it just yet, but that link explains

Gooey Looey

I made a mistake and transferred Euro to Revolut to the old IBAN instead of the new one. Will I still receive the funds. It's still pending?

Quackster

tenreds wrote: »

I work in NI but my wages are paid into my Irish bank account ( BOI). Since the start of January bank has been charging me €7.50 every week for my wages coming in to the bank I think because of Brexit.Would it be better if I got my wages paid into my Revolut account and just transfer then into my Irish bank account

You should definitely consider it as you're probably been shafted by BOI on the £/€ exchange rate too. Given the amount you'd be exchanging per month, you might be better paying the €7.99/month for unlimited FX on Revolut Premium.

Alternatively, consider using a fintech bank like Monese where you'd have the benefit of the UK deposit guarantee scheme. They provide separate £ and € accounts. You could even use it as your main account and cut out BOI completely.

Quackster

-=al=- wrote: »

Yea you could use your GB Iban details to get paid, however it’s a bit messy atm as Revolut are transitioning the ibans around due to Brexit. The GB details will only work a few more months. If you can give your Lithuanian iban details it might be better long term

https://blog.revolut.com/transferring-our-lithuanian-customers-before-brexit/

Not sure if there’s a update about it just yet, but that link explains

You do NOT use your Revolut IBAN for receiving UK£ payments. You're provided with a specific UK account number & sort code for this purpose and it will NOT be changing!

The IBAN (which has changed from GB to LT and is to charge again to IE) is for euro SEPA & foreign-currency SWIFT payments.

Sheep Shagger

Gooey Looey wrote: »

I made a mistake and transferred Euro to Revolut to the old IBAN instead of the new one. Will I still receive the funds. It's still pending?

Is still working, I'm waiting to see of i can avoid changing to the LT IBAN....hopefully I can jump straight from the GB one to the IE one in time.

tenreds

Quackster wrote: »

You should definitely consider it as you're probably been shafted by BOI on the £/€ exchange rate too. Given the amount you'd be exchanging per month, you might be better paying the €7.99/month for unlimited FX on Revolut Premium.

Alternatively, consider using a fintech bank like Monese where you'd have the benefit of the UK deposit guarantee scheme. They provide separate £ and € accounts. You could even use it as your main account and cut out BOI completely.

The exchange doesn’t affect me as company pay me same euro amount luckily every week