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18-11-2019, 08:18   #1
Pheonix10
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Bank Requesting Revolut Statement for Mortgage App?

Has anyone else seen this also?
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18-11-2019, 08:20   #2
Qrt
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Has anyone else seen this also?
I haven’t heard of it but I can understand their reasoning. I’m guessing your bank statement is full of revolut top-ups? They’re going to want to see where that money is going.
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18-11-2019, 09:19   #3
Thomas
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I haven’t heard of it but I can understand their reasoning. I’m guessing your bank statement is full of revolut top-ups? They’re going to want to see where that money is going.
Could be your gambling, drinking and secret loan repayment account.
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18-11-2019, 09:29   #4
GLaDOS
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Yeah I had to submit 6 months of accounts for revolut when applying for my mortgage. It's like any other bank account.
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18-11-2019, 09:38   #5
kceire
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If the bank account you give to the bank shows transfers to another account they will ask what it is. When you tell them that’s tour Revolut then they request statements just as they would if you told them you had any other bank account.

Completely normal OP.
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18-11-2019, 09:57   #6
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Yep, I had to do it too. Its a bank account, you have to turn over all such records be in Revolout or just multiple current accounts.

Its so that the lender can see if you've any hidden direct debits or have a gambling problem for example, and were using Revolut to hide it from your Primary currant a/c.
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18-11-2019, 09:59   #7
tomister
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Totally normal. I use Revolut for day to day banking and although its funded from my current account. I assumed they would need it for the mortgage application so had it to hand. Its dead easy to get one from Revolut though, pick the length you need it for and its emailed to you in either Excel or PDF depending on what you choose.
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18-11-2019, 10:49   #8
cruizer101
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I'd imagine it is fairly standard if there are a lot of deposits to it.
I have a revolut but didn't get asked to supply statements but at the time I had only put maybe 50-100 quid on it in total.
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18-11-2019, 10:55   #9
Bluefoam
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Seems that there is a rumour that you can use Revolute as a way of hiding certain spending patterns... Like, to your online betting account, hookers etc...
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18-11-2019, 11:08   #10
kceire
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Seems that there is a rumour that you can use Revolute as a way of hiding certain spending patterns... Like, to your online betting account, hookers etc...
You still can as long as you don’t top it up from the current account you show a potential mortgage provider.

If they see consistent top ups from your current account they will ask. If it’s just the one you can say it was a transfer to a friend or something.
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18-11-2019, 14:04   #11
jen70
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Yes i had to provide six months of Revolut statements
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18-11-2019, 14:56   #12
duffman13
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Seems that there is a rumour that you can use Revolute as a way of hiding certain spending patterns... Like, to your online betting account, hookers etc...
From experience revolut blocked my card a few years ago for using a betting site. May have changed in the mean time.

But yeah I was asked for 6 months statements when applying aswell!
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18-11-2019, 21:41   #13
Sunrise_Sunset
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Yes we had to too, with PTSB earlier this year.
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18-11-2019, 21:59   #14
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One thing I learned from previous application, they want everything.

I don't see why they have right to decide what you spend your own money on as long as you meet savings criteria. I understand their reasons but it shouldn't be their right.
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18-11-2019, 22:03   #15
Bluefoam
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One thing I learned from previous application, they want everything.

I don't see why they have right to decide what you spend your own money on as long as you meet savings criteria. I understand their reasons but it shouldn't be their right.
Because they can potentially lend you hundreds of thousands of euro and want verification that you are a safe proposition.

They don't have to lend you anything...
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