Revolut Megathread.

no fees is right, they're not allowed charge fees for early repayment unless the interest rate is fixed or you pay off more than €10k in a 12-month period. do revolut loan accounts have a separate IBAN?

It could be a silly question but can you have 2 revolut accounts?

I thought you were restritcted to one phone number and 1 time proof of identity, lol.

A friend of mine has got a second mobile phone and their new number shows up under contacts on the app.

I can still send/request money through the app on their old number but I can also send/request on the new number?

You should only be able to have one Revolut account, plus one joint account (same as most banks from what I can see)

No idea how your friend got two accounts, you can use a different phone and ID and just say it was a different John Smith on the previous account

But they should at some point notice the PPS numbers are the same

Just got a quote there with Revolut Car Insurance - very easy user interface (compared to some of the websites out there), and the quote is about 20% cheaper than everything else. Underwritten by AIG.

Has anyone here purchased car insurance with Revolut? Anything to be aware of?

Also considering taking Premium (for travel insurance and lounge access) for next six months.

Is it okay to downgrade after six months, or is it a year long obligation? Thanks!

I think if you verify your identity with a public service card then that does the PPS check as well

Otherwise, they'll probably ask at some point

I think without that check they won't assume someone with an existing name is the same person as an existing customer. How many Sean O'Brien's are in the country after all

Even if they do the PPS numbers check, it isn't foolproof. I knew one guy who had two numbers, this was back in the day when it was pretty easy to slip through the cracks

I think like most things, there's a fair amount of an honour system involved. Revolut probably don't have the resources to do an in depth check on every customer, but will investigate if they think something is up

Pretty sure Premium is a rolling 1 month thing well I know I had it start of the year for 1 month or maybe it was 3 actually but I did have it for free at the time so might be different to your situation, was an offer they gave me for signing up to Revolut I think. Was very handy for currency exchange as we went to the States around when I had Premium plan.

Any update from the FSPO? I assume this issue is on the Revolut end?

From my understanding, the issue is actually on AIBs end. IIRC, when a SEPA transfer is made there are two fields for the reference. Revolut use the longer field since changing to the irish IBAN but AIB use the other one which is causing the payments to bounce. Someone else who is more versed on the issue can probably explain it better

Yes, this is still a problem. You need to make a formal complaint to Revolut at formalcomplaints@revolut.com. Then, when they give you their blah blah blah final response, you refer it to the FSPO.

My case is still open with FSPO.

Revolut have confirmed in their final response to me that it is their problem, and they're working on a solution, though they have no timescale for this.

Just got notified in the app that Revolut have a new promo. €15 worth of Bitcoin if you refer a friend to use Crypto and they buy €15 worth. Seems to have a limit of 10 referrals and not sure if the receiver gets the tenner too but it's only to people you've previously sent/received money from.

Anyone else get this?

You were in an An Post location paying with a card? Did the agent tell you in advance not to use it or was it declined?

That’s bizarre. Did you get any notification from Revolut?

I don't think it's possible for a vault

You're probably looking for a pocket, where you can set your recurring payments to come from and a regular transfer into the pocket

Likewise, it's a very neat system

Couple of things to watch out for

-Not everything is automatically recognised as a recurring payment, my phone bill for example needed to be manually set to recurring for Revolut to recognise it

-If you do set something as recurring, it isn't necessarily picked up for the pocket straight away. I asked support about this and it basically takes some time for their analytics to recognise it as a bill. There's no fixed time but it seems you need 3-4 payments of the same amount around the same day

-If you add or remove payments from the Pocket, the monthly transfer into it won't be automatically updated. Best fix I've found is to hit the edit button on the monthly amount and it'll say the minimum amount needed every month

-Pockets can only be in one currency, so if you've any payments in Sterling or Dollars they need their own pocket, or just handle them manually

Does this work for standing orders I want to set to a bank account? Or just for direct debits?