Revolut Megathread.

the_amazing_raisin · 08-02-2024 06:47PM

https://www.boards.ie/discussion/comment/121736319#Comment_121736319

Probably the most straightforward way is you convert €1000 each in your main accounts then transfer that (plus the balance which will incur a fee) to a Sterling joint account

That was you can do the actual payment with one card and not worry about trying to figure out the exact amount to charge each card

Make sure to do the conversion on a weekday to avoid extra charges

NinjaTruncs · 10-02-2024 08:22PM

Has anyone with a Revolut credit card noticed you're getting charged interest even though you pay off the full balance each month?

beachhead · 11-02-2024 02:03PM

https://www.boards.ie/discussion/comment/121735046#Comment_121735046

a local atm will charge regardless of your mthly atm limit.

danicm · 11-02-2024 08:28PM

A couple of weeks back I tried making an additional payment of a car loan from Revolut to Avant Money. It didn't work!

First I went to Transfers and added a new (business) bank recipient. Then I made the transfer. For these transfers to work you have to put the Avant loan account number as the transaction reference and nothing else. It looked like it worked, but a couple of days later the money was back in my Revolut account.

Made sure all the details where correct and tried again. Money was back in my account the day after.

Had a chat with support and they couldn't help.

Deleted the recipient and added it again but this time as person bank recipient. Then tried to transfer again to this and same thing, money was back to days later.

Tried the same from my PTSB account and that worked.

Why did this fail? It's there a way around this issue?

optiplexgx270 · 11-02-2024 08:34PM

https://www.boards.ie/discussion/comment/121755225#Comment_121755225

If you scroll up this sounds identical to the AIB issue where AIB expect the reference in the end2end field and since revolut moved to Irish ibans they now send NOTPROVIDED for it and as a result recipients that depend on the field are rejecting and returning the funds to revolut. It's been ongoing since last year. I'm hounding revolut customer service on it but they are mostly unqualified copy and paste from transcripts and don't know what to do when it's not a simple query.

As I say this worked for AIB before the iban change for AIB to put your reference as your card number and since they moved to irish ibans they don't seem to be sending the data correctly.

Here is an extract from their response to my formal complaint:

"You then notified us with this information on the 29th of April 2023, after which the case was escalated for further investigation with our Tech team. With this additional information, our Tech team was indeed able to determine that the End-to-End IDs for the transactions were not being correctly assigned. This did not trigger errors on our end, which is why the Payments team previously stated that the issues were not on our side, however now our specialists are aware of the problem and are working on implementing a fix"

feargantae · 12-02-2024 10:28AM

Revolut in GB are trialling a new products... eSims! They're selling travel eSims now and anyone on their €50/m plan gets 3GB free.

A very random thing for a bank to launch, imo but shur

-=al=- · 12-02-2024 10:37AM

Pretty handy before the summer season with a few uk networks adding roaming charges back again.

Hopefully gets introduced for other users, eSim’s are incredibly useful. So easy to switch back and forth. Would probably use it if it’s an option

Kevrano · 12-02-2024 04:35PM

Not many UK providers issue eSIMs outside of a contract (you usually have to have get a physical SIM first, then transfer), so it is potentially useful!

AnkiTheCat · 17-02-2024 12:46AM

Hi everyone, I'm Italian but I'm living in IE for the past 5 years.

Yesterday I lost my PTSB card, so I tried sending some money from my bank account to my Revolut.

The Bank asks me to add the Payee, I do so... But as I have to confirm that I trust the payee and I put the verification code in (PAN), the system kind of crashes, telling me that "something went wrong" and that I got logged off, even if I'm still logged in and I'm free to try (and fail) again and again.

Is there anything I can do about this?

I'm not familiar with Revolut, and I don't usually have much money in it. I need to survive at least for few more days until I get a new card from my bank.

Thanks so much in advance for those who'll read and aswer.

Have a great sleep!

Bests,

Anki

the_amazing_raisin · 17-02-2024 06:21PM

https://www.boards.ie/discussion/comment/121778630#Comment_121778630

Just to clarify, is it Revolut that crashes or PTSB?

If it's PTSB, then you'll probably need to contact their support

If it's Revolut, then try making sure the app I updated and do a force stop and clear data to see if that helps

beachhead · 18-02-2024 06:23AM

https://www.boards.ie/discussion/comment/121753370#Comment_121753370

There are local ATM charges regardless of your monthly limit.A foreign bank/ATM owner is not going to give free service to a foreigner

AnkiTheCat · 18-02-2024 10:45AM

https://www.boards.ie/discussion/comment/121781427#Comment_121781427

Unfortunately it's PTSB.

Thanks for your answer, I'll contact them and see what they say.

Thanks!

jj880 · 21-02-2024 03:09PM

edit: problem is with my bank

coylemj · 21-02-2024 06:12PM

https://www.boards.ie/discussion/comment/121783074#Comment_121783074

If it's a bank ATM and not one owned by a third party like Euronet, you may get a free service. I withdrew sterling cash from a Yorkshire Building Society ATM in Chester in 2020 and there were no charges. At the time, I wasn't aware that I could have a separate sterling balance in my Revolut account so the money was taken from my Euro balance but the conversion was 1c off interbank on a £50 withdrawal (I checked it on the spot using the XE app) so it was effectively a free transaction - no ATM charge and no FX ripoff.

the_amazing_raisin · 21-02-2024 06:57PM

https://www.boards.ie/discussion/comment/121783074#Comment_121783074

Is that only in foreign countries? I've used Euronet ATMs in Ireland and not been charged for withdrawing cash with Revolut

Jakey Rolling · 21-02-2024 07:29PM

Anyone had recent experience of receiving more than £10k sterling into their Revolut GBP account?

I'm guessing payment would be flagged and proof of source of funds would be asked? Last thing I want is for account to be locked by Revolut due to "suspicious" activity. The sender is a fund management company, don't believe they would be amenable to breaking payment into smaller chunks.

the_amazing_raisin · 21-02-2024 08:15PM

https://www.boards.ie/discussion/comment/121799468#Comment_121799468

So I've received over €10k into my account for similar reasons. They will likely flag the payment for a day or two to verify it, and you'll probably be asked to verify your source of income due to anti money laundering reasons

If you do get flagged for income verification, basically Revolut will spit out how much money has gone into your account in the past year and you need to say what came from where. Be prepared to upload some transfer statements and payslips if you get your salary into your account

You don't have to verify everything, but you'll probably have to explain the main sources of income

EDIT: Also, just to add, they didn't freeze my account during any of this. It took me over a month to do all the verification and I still had access to everything

coylemj · 22-02-2024 11:10AM

https://www.boards.ie/discussion/comment/121799322#Comment_121799322

Slightly OT because not related solely to Revolut but on the topic of Euronet and their ATMs in Ireland...

They purchased the network of non-bank branch ATMs from the local banks a while back and at the time, committed to not levying any additional charges (over and above what the account holder's bank was charging) until the end of 2023. So that honeymoon is now over and I'd try to avoid any non-branch ATM if at all possible. Meaning that if you're flying anywhere, don't leave it until you get to Dublin airport to withdraw cash.

christy c · 22-02-2024 02:11PM

Can't remember if it was mentioned here before, but USD transfers from e trade are working again

the_amazing_raisin · 22-02-2024 06:13PM

https://www.boards.ie/discussion/comment/121801892#Comment_121801892

There's a Euronet ATM nearby, must check if it's charging fees yet

optiplexgx270 · 22-02-2024 07:39PM

I used 2 of them at weekend and wasn't with an AIB debit card (not mine).

Qrt · 22-02-2024 08:34PM

Brinks ATMs charge €4 for non standard Irish debit cards, revolut included. I haven't tried Euronet, but that sector is about to be hit with some intense regulation soon enough.

beachhead · 23-02-2024 06:48AM

https://www.boards.ie/discussion/comment/121799322#Comment_121799322

That's good to know.Used B of I atm last year and was charged 20c.Was in Spain recently and withdrawal charges were from e1.80 to e4.70 for a sample e100.Was in a city and 4 major banks all within sight of each other.Tried each in turn for curiousity.

Yes,Off Topic but of concern as using a Revolut card

Sheep Shagger · 23-02-2024 08:47AM

https://www.boards.ie/discussion/comment/121804780#Comment_121804780

Pretty sure all non bank ATMs in the UK charge fees and some can be £3.50.....assume that will come here soon enough even for legacy bank debit cards.

crinkley · 23-02-2024 09:37AM

https://www.boards.ie/discussion/comment/121751561#Comment_121751561

Yes I queried it and it was for a money transfer which didn’t occur fees before so won’t be using the credit card for doing that again. I just did while waiting for money to come in from my credit union to cover a big bill

crinkley · 23-02-2024 09:38AM

had a friend over from Spain a couple of weeks ago and was showing me Revolut savings with nice interest rates. Saw it available last night so signed up. You receive daily interest once you have roughly 200 in it

the_amazing_raisin · 23-02-2024 11:41AM

https://www.boards.ie/discussion/comment/121806185#Comment_121806185

There's actually a savings account option already which advertises 2.5% interest, but if you click into it you just get a blank screen for now

It's under the wealth where you can see the balance of all your accounts

It'd be nice if they brought in some fixed term savings products, could do something like Raisin and partner with a bunch of European banks

EDIT: Actually I just clicked into it there and it seems to work now, advertising 3.56% APY instant access. Seems like an alright deal

zell12 · 23-02-2024 11:50AM

https://www.boards.ie/discussion/comment/121806185#Comment_121806185

It's available in many countries. NL - 3.11% https://www.revolut.com/en-NL/flexible-accounts/

SodiumCooled · 23-02-2024 11:51AM

https://www.boards.ie/discussion/comment/121783074#Comment_121783074

I don't ever recall being charged for withdrawing cash from UK atms (always used a branded bank one HSBC etc). In the US I found some that would charge and some that were free - even varied by state/branch from what I could see but not all charge is the main point.

Yggr of Asgard · 23-02-2024 11:51AM

The APY is based on your membership plan and goes up to 3.96% APY (2.31% net) for Ultra.

BUT please be careful this is not attracting DIRT but rather 41% withholding taxes as this is an investment account (low risk) and not a savings account.

This is a money market fund and hence the 41% withholding tax is deducted automatically.

So make sure you look at the net rate and also keep in mind the tax implications.

Revolut Megathread.

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