I like the way they use „angemessen“ which would probably translate to fair. Why is it fair though? PR bullshit
Revolut “be like that”. Everything has to be put in positive light. “In order to improve the quality of our product even more…” (we raise prices). And don’t get me started on rainbow washing. I was getting these notifications from Revolut about “happy pride month” with rainbow emoji. Come on, are you a bank app or a political activist?
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Was introduced last August if I remember correctly.
You have probably no EUR balance with Revolut, so the amazon books transaction lead to a conversion CHF->EUR which is free up to CHF 1250.
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Exactly i keep only CHF for my monthly expenses
Hi everyone, I’m having problems transferring money from CS to revolt; they send me a code but I don’t have any space in my CS account to insert it to accept the transaction. Any tips ? Danke
The code (beside name + country) must be added to the transaction description (reason for payment). You cannot “enter” it in CS(X).
Revolut IBAN is also needed…
I probably explain it wrong. On Revolut, I select the amount and click send money from CS no X then I receive a message with a code via message but when I go back to revolut I just see the charging imagine of the page forever… Could be connected to the fact that I have a different number linked with revolut?
thanks trick
Sounds like something Revolut support should be able to help with, they’re pretty responsive in the in-app chat.
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I honestly don’t understand your issue. Don’t you have an issue either a 2FA or adding Revolut the first time as a beneficiary?
Me neither trick, I just tried again this morning and it worked. Maybe a problem of the bank or revolut. No idea why that happened, no errors messages received nothing.
Thanks anyway
Good morning everyone.
Are you guys able to “top-up” you revolut account using a bank debit card?
I tried yesterday but was stuck in a screen requesting a password which never arrived on my phone.
Which method are you using to send money to your revolut account? Bank transfer?
Topping up with a specific card? Are there any fees when using a credit card?
Thank you!
Yep I always use Bank transfer. From Neon it takes at most 24h.
Depends if I forgot to top up I use my visa or mastercard from PF otherwise I use a bank transfer, with the card is almost immediate with bank transfer it take up to one or at least two days.
So I wanted to transfer GBP from my Revolut account to another British account (TransferWise). They’re now wanting to charge me 0.3% for the bank transfer.
Says the FAQ:
“There are no fees for transferring money to other Revolut users or non-Revolut accounts in the SEPA region.”
Wrong. The UK is technically in the SEPA region, and so is the UK destination account (account number/sort code), though of course it won’t be a SEPA transfer.
“For international transfers in the local currency of the recipient country, users exceeding their allowance” [zero on the free plan] “will be charged 0.3% of transfer value, with a minimum fee of £0.30 and a maximum fee of £5.”
What’s an “international transfer”? Well, I remember vaguely from the announcement of their new fees that Revolut defines this based on the country of registration. And this is where it comes to bite me:
That also seems kind of “wrong”… yet a UK domestic bank transfer (using account no/sort code) seems indeed to be defined as an “international” transfer by Revolut.
In my case I transferred EUR to my Revolut account and exchanged it to GBP using their free FX exchange (up to a maximum of 1250 CHF/month) at a rate of 1.15944 EUR/GBP.
- Revolut: 1000 EUR 862.48 GBP - 2.59 GBP transfer fee = 859.89 GBP
Meanwhile, TransferWise is offering me, at guaranteed rates:
- TransferWise “send money”: 1000 EUR 858.90 GBP
- TransferWise “top-up borderless account GBP balance”: 1000 EUR 859.33 GBP
While Revolut will probably be cheaper at smaller amounts, they’ll be more expansive above the 1250 CHF monthly treshold. Unless of course, I’d sign up to their premium plan that includes unlimited FX and one free “international” transfer each month.
Since Revolut’s plans are 12-month contracts though (or “3-month”, if I pay their “break fee” equivalent to two months subscription for early termination of that contract), and exchange funds only sporadically, I’ll probably just take my business to TransferWise (which prefer anyway). Revolut may be worth it though for five-digits sums to exchange.
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If you have an IB account, I would change EURGBP there. You get the actual forex rate, and sending money to your UK account should also be cheap. I don’t have an UK bank account, but transferring EUR using SEPA is free for the first transfer and only 1CHF/€ for another transfer during the same month.
Regarding Revolut: I think they are getting a lot of pressure from their investors (venture capital) to get profitable. As of right now, I would receive 55€ for every person I’m inviting to Revolut. They seem to be really desperate to acquire new customers to keep their growth rate. Another option to earn more is to gradually make the conditions worse, and introduce new fees here and there.
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Btw, it’s just called “Wise” now. I know, marketing 
I usually do.
In this, I hadn’t had Revolut’s new pricing figured out. Also, the transaction would have been almost instantly throughout:
- SEPA to Revolut = SEPA Instant Transfer
- Currency exchange = doesn’t need to settle (as opposed to IBKR, I believe)
- GBP to TransferWise = Faster Payment
It is - but TransferWise (my recipient account) doesn’t like / support transfers from brokerage accounts.
I know 
I’ve even indicated in my first few points after the rebranding. I’m lazy though, I think TransferWise is a more distinctive name that is more convenient to google/search for - also, the company is officially (AFAIK) still called TransferWise.
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I have a quick question: let’s assume you have a main CHF Revolut account with another account in USD. If someone is sending you 2000$ to your USD account via the info given by the app (swift if I’m not wrong) based on the IBAN + BIC.
- Will there be some fees? Who pays and how much?
- Does it count in the 1250.- limit?
- Possibly. SWIFT transfers usually cost money, and the exact fees / costs can be unforeseen, due to intermediary banks
- Why should it? Revolut does change for currency exchange but not for receiving money, do they?
Thanks for the answer!
- Could it make sense to give the CHF account and have a double-conversion? Could this be cheaper?
- I think it should not, but with the new fees of Revolut, I was just wondering.
Would wise be a better option?