How did the system work exactly as expected when the only reason the OP didn't lose money is because there was none to take?
So Revolut have increased the interest on their instant access savings from 1.5% to 1.75% - hooray! But...that's only on the first €2500. Above that, interest rate is being reduced to 1% .
That's going to push me into moving cash over to their Flexible Cash Funds at 1.62% (38% tax) or some actual investment options. Probably their intention with this move?
The rates are unchanged in the Premium plan and up. That's where they are nudging you towards.
Standard:
1.75% AER for balances up to €2,500
1% for balances over €2,500
Plus:
Premium: 1.75% AER
Metal: 2.0% AER
Ultra: 2.25% AER for balances up to €100,000
2% for balances over €100,000
If you have a Joint Instant Access Savings account, the lowest plan rate will apply if holders are on different subscription plans.
If you have a Revolut - Kids & Teens Instant Access Savings account, the plan rate of the lead parent account will be applied.
Joint Instant Access Savings accounts and Revolut - Kids & Teens Instant Access Savings accounts do not follow the rates outlined above. For both account types, the rates are:
Standard: 1.50% AER
Plus: 1.50% AER
Ultra: 2.25% AER
Revolut is obliged under Irish tax regulations to deduct Deposit Interest Retention Tax (DIRT) from any interest you earn on your account at the prevailing rate on the day the credit interest is paid subject to exemption . For more information regarding DIRT see www.revenue.ie
Looks like if you have over 2500 in lower plans you need your kids to save the rest 😄
Source:
https://www.revolut.com/en-IE/legal/pre-contractual-information-instant-access-savings-account/
…had been using Revolut for savings but moved bulk to Raisin , the above changes have confirmed i did the right thing.
Can't top up from Bank of Ireland. Issue with the security cert on the BOI side.
try google pay as temp workaround.. top ups from boi cards work via google pay still
Yes, I switched my default card to BOI and that works. 👍
Anyone know if you can tap to pay for stuff in the US with Revolut ? Is tap to pay widespread in the US ?
When you use make payments with a retail merchant, you are using Visa or Mastercard payment network (depending on what card you have been issued), not with Revolut directly.
Contactless payments is fairly widespread in the US since Covid, but there are still a lot of places that will only accept chip & pin - restaurants would be common enough for this (and they may want to hold you card while dining).
Yes you are basically asking do the United States accept Apple or Google pay. Revoult is somewhat irrelevant in that question.
Just saw this on their Instagram
https://www.revolut.com/en-IE/crypto/crypto-card/
Is anyone else having trouble logging into the app today?
Checked just now, no issues.
Same I logged in a few times during the day and just now, no issues any of the times.
What has BOI done?
I can top up my Revolut now, but I have to approve it in the BOI app, and wait for up to 24 hours. :(
BOI has just given you another incentive to move your main banking to Revolut…
I might very well do that, but I have concerns about security, which may be unfounded.
You are doing a bank transfer rather than a debit card transfer & that's why you are being asked to approve it. I've noticed that my Revolut "add money" has defaulted to bank transfer & I have to select my debit card each time in order to avail for instant top-up.
I want to book a UK hotel, payment is in advance. The bill will be in sterling and I have a sterling account in Revolut. If I convert some of my Revolut Euro balance to sterling and then use my Rervolut debit card to make the booking, will it take the money from my Revolut sterling account? Or, will it take it from my Euro account and do a Euro to sterling conversion?
And, does it make any difference. i.e will the conversion rate and any commission be the same for converting Euro to GBP as the exchange rate/comission for paying for soething charged in sterling with my Euro debit card?
Thanks
Don't bother converting, let Revolut do it for you.
If you have enough in your sterling account it will take that automatically. If you don't, it'll just convert the euro balance as needed.
Only obvious reasons to convert in advance would be if the exchange rate is particularly favourable and you want to convert then, or if you expect the payment to be taken at weekends (as I believe Revolut charge a small percentage - 0.5% or something? - to convert at weekends).
But I hadn't changed anything. It's only after the BOI security cert fail a few days ago that this has happened. Ah well, might just go full Revolut.
Should I remove my existing BOI card info on Revolut and try again?
Also if on free plan, there is €1000 limit on FX exchanges. 1% fee on top of that.
Weekends is 1% also.
Revolut are changing their airport lounge partner service over from Dragonpass to lounge key in the coming weeks
For ultra customers this will mean enhanced lounge access at Dublin,not only the huge new phoenix lounge but now also the very nice Martello and 51st and green for the first time
My BOI card is linked to GPay so I top up Revolut through that.
Provided the card hasn't expired it's not necessary to remove it. When you select add money you should see a drop down symbol on the right hand side of the identified payment method. Select this & you should see all the transfer methods available. Select your card & complete the transfer.
Revolut try to force people to add money by bank transfer rather than debit card because it costs them less.
I mentioned earlier that my account was defaulting to bank transfer. However, now that I have selected my card as the transfer method for the last 3 or 4 transfers my card has been re-established as the default.
I didn't change anything and it did this to me too. I just re-established using google pay and it does it automatically now.
Is there anywhere to see list of these? A list I found on their website only listed the Liffey Lounge, and a 23 EUR discount for the restaurant. I felt like this was a downgrade as it no longer had the refurbished T1 lounge.
