Revolut is back


#144

This is pretty straightforward actually. UBS exchange rate is typically +2.3% over interbank rate and another +1.75% foreign transaction fee. Terminals will charge +5% typically for currency echange. If you use the CHF rate from the terminal with an UBS card, you will pay +5% AND +1.75% for foreign transaction as the payment was done outside of Switzerland even if in CHF.


#145

Just a note for new customers who are unaware of it: Revolut does not have a Swiss banking license and your cash stash is not protected in the event of bankruptcy. So don’t go out and put all your money into the Revolut bank account.


#146

this is a good point, personally I put 500-1000chf in it whenever I need it (for trips etc). It can also be nice for budgeting within Switzerland. In that case just put 200chf in and see how long it lasts.


#147

We’ve been discussing around 18th Jan in this thread and I posted a link from Handelszeitung about the converdion rates.