Revolut Megathread.

Of course you can have monthly debit card payments, how else do Netflix/Disney+/Amazon Prime etc get their monthly payments? In order to set up a direct debit, you will have to provide your IBAN. If it was a standing order, the amount wouldn't have changed unless the OP changed it

You can have reoccurring charges on debit/credit cards.

In fact, Mastercard even has a service where they update the merchant automatically with new card details if the card used to sign up for reoccurring charges changes expiry or even gets replaced.

But in any case, the poster should check with the company that did the charge if they deducted more than the usual.

As others said netflix/gomo are using this, hell even klarna uses it for their pay in 3 installments utilizes this function.

GoMo does not offer direct debits from a current account (the one where you have all the nice rights), they indeed charge your credit/debit card each month (which gives you less rights), it might smell like a direct debit but is not a SEPA direct debit!

With a SEPA direct debit you have rights and can cancel it easy and even get a refund for 8 weeks. On the regular debit from credit card/debit card you don't have such luxury.

That's a mistake. They don't accept payment other than by card.

Did you actually go to Gomo and search for direct debit to give us that old outdated nugget to try to tell us they offer direct debit?

They don't, check the terms and conditions, they clearly state that:

7.2       You must pay your bill by debit /credit card.

And as a former Gomo customer I can tell you debit/credit card only. And that is less customer friendly than a SEPA direct debit in case of issues with your bill (too high, double charges etc.) .

Thank you Sheep Shagger

With Revolut having several security features that others don't have like "spending limits for individual cards one can set" to narrow down where cards can be used including location-based security and now also from which account the money should come, their card security is one of the better ones. That mostly takes care of fraud in which the card owner is not directly involved. Plus, one can immediately freeze the card when there is any suspect activity.

The issue of the attack factor of people is just like with any other bank, where one can take over due to social engineering and other factors.

Now how they managed to get the account up on another device is a question for revolut because in theory there are safeguards that should stop it.

Now a company with no phone support (unless you are ultra) calling me will not fly for me, it's obvious that there is something wrong, let them send me a message via the app and I gladly have a discussion.

And as Jim2007 said, companies are no longer willing to swallow the cost of fraud, now the benefit of Revolut UAB customers over Revolut UK customers is that we are dealing with a bank rather than an electronic money institute which gives sligthly better protection than those of the UK customers.

But there is as much a possiblity of fraud with Irish Banks as there is with banks that are just irish branches, the best is always to be vigilent and ensure that one does not give out too much details.

As long as there are humans, there will be fraud!

never ever EVER give anyone a OTP that has been sent to you

If any company rings me and asks me to confirm anything with regards myself, the answer is no. I'll ring the normal customer care line and be asked to be put through to the relevant department. I won't confirm my name over the phone if a company call me let alone hand over a OTP. People who get scammed by this stuff really need to look at themselves.

Because most people don't know what Monzo is and its'a bank (unlike revolut uk) and it only has 9 million customers or so compared to revoluts claimed over 40 million, so it's not that widly known and well it has a different business model too.

No Rev points anymore for paying your non Revolut credit card

I got them last month but not this

So that double dip loophole is closed

It works in other countries in the region.Can't see HK being excluded

HK is ok just local ATM charges among the various banks.Exchange rate will vary too.