IBKR: Withdraw USD to Revolut account?

[San_Francisco]

@weirded

I currently have IBKR and Revolut; does anybody know:

1. if it is possible to transfer from IBKR to Revolut in GBP (and related costs)
2. if it is possible to pay from Revolut GBP account to any UK bank account (and related costs)

1. I have done it. See IBKR‘s and Revolut’s fees (first withdrawal each month from IBKR is free). It‘s a domestic transfer, so no intermediary fees. I believe the receiving bank I had to provide to IBKR wasn‘t recognised as Revolut but some third-party payment service - no problem though.

2. Sure, as long as the receiving bank accepts transfers from non-bank payment accounts. Revolut offers local GBP transfers, consult their fees.

@SpQr

From Wise, as long as you dont convert, all SEPA transfers are free (GB iban included).

They are (when using the borderless account) - although @weirded requires GBP transfers within the U.K., not SEPA transfers.

I fully agree on preferring Wise - seems like a less flashy, less cutting-edge but more user-friendly and refined product (and support experience if needed).

[SpQr]

Not that it plays a big role if it is free, but I think that the UK remained in SEPA after Brexit.

[San_Francisco]

@SpQr

I think that the UK remained in SEPA after Brexit

They did - but SEPA transfers are for EURO currency only.

Outgoing U.K. domestic GBP transfers from a Wise multi-currency account are also free though.

[weirded]

Thank you for your feedback.
I will start trying to transfer some GBPs I already have lying around on IBKR to Revolut and see what happens (whether it works for me as well, time & fees - if any). On this basis I’ll decide between sticking to Revolut and opening a Wise account.