Revolut Megathread.

It's a question of balance IMO, none of the competitors with better rates offer truly instant access. You'll still be waiting a day or so for a bank transfer to go through

So if you've got money sitting in a vault that you want easy access to then might as well get whatever interest you can get

If you can afford to wait a day then might as well go with a competitor that offers a better overall rate

Compared to the banks savings accounts which are also instant access, the Revolut savings seem reasonably competitive

AIB probably has a slightly better rate after DIRT (3% pre tax), but you need to pay for a current account

Correct it is a regular saver, and above €12k the interest rate drops to something pretty pathetic AFAIK

As you said, even if you can open the account without an AIB current account, you still effectively need one for it to be convenient

Could you just setup an U18s card in a grandchild's name and he could use that

Does anyone know if you can get one of the basic current accounts (fee free) offered by BOI or AIB when you have a Revolut account?

Ones of the conditions is that you don't have another Irish bank account, and I'm not sure if Revolut counts in that regard

Yeah I have an EBS account for this purpose but unfortunately it isn't very useful

Basically, I just need a bank account for the one or two times a year that someone gives me a cheque to lodge

Now I will go out of my way to avoid using cheques, but unfortunately some people just can't get around them

I can lodge cheques to my EBS account, but transferring to another bank is a massive pain. I asked to do it in the branch and they said they can't transfer to another bank for some reason

I could use their online banking, but it's about as bad an online service as there is

So I end up withdrawing as cash or signing the cheque over to my wife, both of which are hassle. I spent 30 mins queuing in a "real" bank to do exactly that today

Having an AIB or BOI account would make life easier because I could use the lodgement machines or go to the post office

Of course ideally I could lodge cheques directly to Revolut using a third party like An Post or Western Union, but I don't see them adding that service anytime soon

Hmm, maybe I'll give it another go, it's been a while since I logged in

One of the issues is my account keeps getting suspended for lack of use, but that's probably an issue everywhere

Has anyone tried the USD or GBP savings accounts? Looks like the rates are a lot better at around 2.52-2.55% after DIRT tax and fees.

Again taxes are withheld by Fidelity so no messing around with paying Revenue directly

There's obviously a double risk of currency devaluation, but it could also gain value the other way