One thing you should also report is that they do not have a bank license. They take money from people and do not give it back. I am still waiting they give me more than $2K since the beginning of November and nothing. The receiving bank demonstrated the operation was cancelled and they are not returning my money despite having the evidence of their mistake. The support system chat continues to tell me to wait but nothing else. #RevolutScam
I'm in the UK and on the Standard plan. I find Revolut great for saving and just recently I bought some Gold, Silver and Apple stock, all through Revolut. It's fun to watch the value of my investments in real time.
One thing you should also report is that they do not have a bank license. They take money from people and do not give it back. I am still waiting they give me more than $2K since the beginning of November and nothing. The receiving bank demonstrated the operation was cancelled and they are not returning my money despite having the evidence of their mistake. The support system chat continues to tell me to wait but nothing else. #RevolutScam
Hi, I have 2 questions. 1) If someone has to send an international transfer once every month and they use the Standard (free payment plan) and they send the money during the week will they still incur a fixed-fee? & 2) When someone is sending money will it go directly into the bank account of the receiver in the currency it was sent or does the sender have to select the currency they wish to send the money in?
Hey. 1/ In this case, they will only pay a fixed fee if they exceed their fee-free monthly limit, for example, in the UK if they send over £1,000 then they'll pay a fee on any amount of money above that. 2/ If you send the money to their bank account then it will be deposited directly into the account, you'll also select the currency you're sending to when you make the transfer. Let me know if you have any more questions. ^Jonny
Just opened a metal Revolut account in the US. The app and the tools they offer is nothing like a bank offers currently. I will be using the vaults to save money as you also get a 1.20% APY with metal. Will be using it also as a spending card with the 1% cash back. Also traveling to Manchester in April and the ability to quickly exchange currency is awesome. Don’t know if I am going to ditch my Capital One bank account completely as Revolut does not have Zelle so therefore can’t instantly transfer funds between account.
Sounds good Tyler! And I couldn't agree more, the ability to exchange and spend currency with such ease is so awesome. Make sure if you do exchange currencies that you always do it during the week to avoid any exchange rate margin fees (this applies to us Metal users too). ^Jonny
Metal options very expensive for normal user ,however I had 1 year premium ( I using Revolut since 2018 basic) I got new card was many great features (buy 5 stock monthly without fee ) but now I pay 3 euro still using premium card and Revolut my main bank (2 jobs salary coming there ) still buying stocks but monthly 1or 2 and using also emergency savings and transferring eu country for my son monthly once no extra cost but pay for metal very extreme and high price just think if you are not moving 5-15 k /monthly and not using bitcoint or eth ( I hold on binance and coinbase my crypto anyway) 16 euro /monthly overprice
If I have a company in Ireland, I can have a main revolut account there and have a second account in Brazil in the name of the same company and transfer without fees?
Is it okay to open a revolut account from the Philippines and then i will move to germany after some months. Is there gonna be a problem if i register my address in philippines but then later will be staying in germany for 4 yrs?
Unfortunately Revolut isn't available in the Philippines. You would need to move to Germany to open the account and use a German address and your temporary VISA to apply. ^Jonny
I need some advice. I am looking for a group account, where a group of people can add the same amount of money and anyone in the group can pay bills and other costs can you suggest any app. I thought of Revolut Vault Group but there is disagreement and I don't understand why. Could you shed some light, please?
Hey casey. I can't be sure if you'll need to create a selfie when you register in the US. If you're happy to share your telephone number with Revolut then you could try signing up and just seeing what it asks? I'm sorry I am a Revolut UK user and I don't know anyone from the US using it so I can't ask for you. ^Jonny
This is my 1st time having a revolt card , basically I'm going to Florida in October and am putting money on card every month, do I exchange to USD before I go r keep as GBP?
Hey Julie, I would recommend exchanging USD for GBP before you spend money. This is mainly because Revolut charges a small fee for exchanging currencies on the weekend. So if you were to spend money in USD on the weekend, that you don't have already deposited in your Revolut account then you'll be charged a small fee. During the weekday you could spend money in the US without exchanging but I just find it is easier to do it ahead of time to avoid weekend fees. Don't forget you'll have £1000/month of fee-free currency exchange with the Revolut Standard account, once you exceed that you'll be charged a small fee, even during the week. Hope that helps and let me know if you have any further questions. ^Jonny
Hi Monito, one more question! With standard account, I can take up to 200£ cash and spend 1000£ per month abroad? Or together 1000£? 😊 As well fee free transfer include as well in this 1000£??
Great question, I checked with Revolut and the fee-free £1000 includes both ATM withdrawals and spending. Basically if you at any point exchange currency, whether it's for getting cash out or spending with the card - it is all part of that £1000 allotted fee-free amount. ^Jonny
When you say with standard plan if you take out more than £200 in the month you’ll be charged Let’s say I take out £1000 how much will I get charged (£2, £20 or £200)? Let’s say both my revolute card and mobile phone gets stolen in a knife point mugging and they spend £2000 how will I contact revolute or get money back Can I get a physical revolute card to actually touch in my hands and can I get it without the tapping contactless option If I set a target range off £2000 to say in 6 weeks in the vault and I don’t reach that target will I get punished for failing to hit your target
Hey Kevin, let me try to answer your questions to the best of my ability. I will answer them question by question. "Let’s say I take out £1000 how much will I get charged (£2, £20 or £200)?" Of course the fee would depend on the amount you withdrew but let's say you withdrew £1000 at once. You would be charged a fee of £16. That's 2% of £800 which is the amount over the fee-free limit (£200). "Let’s say both my revolute card and mobile phone gets stolen in a knife point mugging and they spend £2000 how will I contact revolute or get money back" Good question and I can only speculate to the answer. Firstly they have an automatic number you could call to block your card. So immediately after the mugging if you weren't absolutely horrified by the whole incident, and you could access a phone, a quick call to +442033228352 could block your card. You can also do this via a desktop and through their website. Otherwise with a police report it's likely Revolut would open an investigation and in an ideal world eventually reimburse the funds. I've read similar experiences and similar outcomes to this but also on the flip side it can end up with you not being reimbursed. "Can I get a physical revolute card to actually touch in my hands and can I get it without the tapping contactless option" Don't really understand the first part of this question, can you clarify? And again I can only speculate without speaking to Revolut but I imagine you can't dictate whether you have contactless or not. That seems to be the something that's in-built into every card. "If I set a target range off £2000 to say in 6 weeks in the vault and I don’t reach that target will I get punished for failing to hit your target" Absolutely not. Let me know if you have further questions and also please clarify what you mean't by "Can I get physical revolute card to actually touch in my hands?". Thanks - ^Jonny
After we exchange the currency, how can we use the local currency we just exchanged to? Can we withdraw the exchanged currency into cash? Or is this all just digital?
You could just withdraw from an ATM. Revolut will deduct the amount from your specific currency account within your Revolut account. It's really smart and works just like having a local bank account 😄 ^Jonny
@@Monitodotcom the metal plan said “unlimited withdrawals”. Does that mean i can withdraw all the money into cash of the local currency with no limit as well?
@@Monitodotcom this seems like its too good to be true… Can’t help but be skeptical because I’ve never done exchanges like this but I will try it out! Thank you!!
Hey Infinity! I'm not 100% but I don't think it does as Revolut doesn't support money transfer to or from Russia (www.revolut.com/help/more/war-in-ukraine/can-i-transfer-money-to-or-from-russia-or-belarus). I'm assuming that's correct as MasterBank is a private bank in Moscow. ^Jonny
If we are doing an international business with abroad companies and getting paid by other many countries then is it very safe to use Revolut and get no charger for the transaction ,?? Is it good than PayPal ?
Hi Bhagyashri, the plan you sign up for will have a number of free transactions available. You will need to pay for a plan though, for example Grow has 10 free international payments and 100 free local. Check out this link for more: www.revolut.com/business/business-account-plans We also made a specific video on Revolut business that you can watch here: ua-cam.com/video/LdzFjb-F-jY/v-deo.html
Yes you can downgrade easily although it’s harder if you do this with Metal as you may be charged for the card. Definitely worth checking their terms. ^Jonny
can you please help me !!. I need to know if we open a Revolut account in Germany and when we transfer some money say like 500 Euros to another German bank account like Commerzbank through bank transfer, will they incur any fee?
I'm still not sure. They aren't FSCS protected which gives me the heebie jeebies. Their own website says if they fail you "SHOULD get MOST if not ALL of your money back" then explains theres costs involved. Eh..makes me uncomfortable.
That's fair enough. If you'd like an FSCS protected neobank with low international fees and good currency exchange rates then Starling Bank are a great choice. ^Jonny
I'm an expat living in the EU and need a UK bank account for my managing agent to deposit rental income. I've only found two banks that will accept EU residents but proof of address is difficult for me. Would you recommend Revolut for me and if so would I then be able to transfer that money to my own EU bank account? Also, is there a limit to how much money you can keep on Revolut? Thank you.
Hey! Revolut would be great for you. You would receive GBP and EUR account details, you could share the GBP details with your agent and then transfer the funds to your EUR account. You will also receive the mid-market rate (more or less) and only pay a very small fee to exchange the currency (I'm assuming you'll be exchanging more than £1,000 per month - if not then you won't pay any fees). As far as I know, there aren't any limits to how much you can have deposited. Although I believe there may be a transfer limit of £250k, a daily limit of £500k and a weekly limit of £1,000,000. The problem is, you may need proof of address. This can be tricky. I would say try signing up and see how it goes. Please do consider using our affiliate link if you sign-up (bit.ly/3o8Mk7F). If that fails do check out Monese (go.monito.com/v2/monese?lng=en) We always recommend them for new migrants arriving in the UK as they don't have proof of address AND Monese will give you GBP and EUR account details. All you need is an ID and a selfie to join Monese, and they're available in any of the 30 countries in the EEA. All you need is a photo ID and a selfie to join. You can open an account with us if you live in any of the 30 countries in the European Economic Area or the UK. I suggest starting with Revolut and then if that fails do check out Monese. Cheers and let me know if you have any more questions. ^Jonny
Thanks for the great information but i have multiple questions 1 im from slovakia but now i live in egypt but i have a slovak passport ,, will i be able to get a physical card to egypt ? If not , can i give an italian address and receive the card to italy while im a slovak citizen? 2 can i deposit bitcoin and change it to real fiat then make virtual visa cards and buy online? 3 can i withdraw bitcoin to extrrnal wallet without having the metal membership? 4 can i use my balance to pay by my phone via NFC in egypt without receiving a real physical card? Thank u so much
Hey Fouadix! Hope you're well. 1/ I think your best option is to have the card sent to your Italian address as they won't ship to Egypt. 2/ You can't send crypto to Revolut from outside platforms/wallets. (www.revolut.com/en-ES/help/wealth/cryptocurrencies/what-cant-i-do-with-revolut-cryptocurrency/can-i-receive-cryptocurrencies-sent-to-my-revolut-account) 3/ Yes, Revolut have recently opened this up to non-metal users also. 4/ Yes, you could use a virtual Revolut card on your phone via Apple or Google Pay that you'll get when you register. Just add the virtual card to your phone :) Hope that all helps, take care! ^Jonny
Hello Monito. I've been using revolut for about 6months now, mainly to move my money around. I've been thinking of creating a savings vault with them now. I just have some questions. Say I deposite £1000 into my savings account, can can I withdraw all that money back when I need it? And how soon can I make a withdraw after opening the account? How long would it take to for the initiated withdrawal to be made to my revolut wallet? I'm resided in the UK btw. Thanks
Hey bud, I was wondering at 04:01 if I do wish to transfer my Revolut stored crypto to an external wallet, you mentioned I need to be on the Metal plan. To my question, do you happen to know if it's possible to hop on to the Metal plan from a Free plan let's say and then do the transfer just like that?
Hey mate! In theory yes, but I'm not sure if it's worth it especially as right now. Revolut only allows you to transfer Bitcoin to an external wallet, so unless it's BTC there's absolutely no point. Also (and this might not be useful) Revolut have started randomly testing and allowing some non Metal customers the ability to send Bitcoin so do check if you have this enabled for you. Cheers ^Jonny
Hey Monito, One thing you should also report is that they do not have a bank license. They take money from people and do not give it back. I am still waiting they give me more than $2K since the beginning of November and nothing. The receiving bank demonstrated the operation was cancelled and they are not returning my money despite having the evidence of their mistake. The support system chat continues to tell me to wait but nothing else. #RevolutScam
Hey Ben. Yes you should be able to pay for your visa application fees. Anywhere that accepts Visa or MasterCard payments will accept your Revolut card so that should be absolutely fine. Yes a third party can send money to your Revolut account. You could either create a payment link, which is really clever and means you just share a link with someone and they can send you money by paying with a card. Or you could just share your account details with someone, if it's a GBP account this would mean sharing your account number and sort code. ^Jonny
thanks for the great info. On the standard plan, only 200 pounds per month is simply not enough. Do you know another online bank that offers higher withdrawals?
@@Monitodotcom thanks for the reply! Im a UK citizen but living in Indonesia. I'm trying to get a bank account so I can teach online from here. Many online schools only pay into US, UK, Ireland bank accounts. Thanks 👍🏽
No problem! Do you still have a British address? One that you’re able to provide proof of? If withdrawals weren’t an issue I’d suggest Wise because of their various local account details including USD and GBP. If you’re desperate for fee-free withdrawals and you have proof of address then Starling Bank are a great choice, as they have free international ATM withdrawals. Unfortunately it may be difficult to get better fee-free withdrawal limits without proof of UK address.
Thank you Connie, if you decide to go with Wise please use this link : go.monito.com/v2/wise?lng=en We don’t have an affiliation with Starling, we just think they’re a great choice for travellers. All the best ^Jonny
Is revolut an online digital wallet where i can store funds and do transactions from there? Because wise is kinda complicated for me as i don't know if its a wallet or just a way to transfer money internationally with a cheaper rate from your local bank.. Wise is not really a bank where you store funds. But like a bridge. Am i right? And with revolut. Its actually a digital bank where i can have a literal fund wallet inside the app?
It is somewhat complicated but depending where you're based, in the UK for example, WISE and Revolut are considered e-money institutions, and not banks. You can store funds with either provider but they are held in separate accounts at legacy banks like Barclays. They do act just like a normal bank account though and the money is always available to you and can be accessed via your phone within their respective apps. ^Jonny
Hi, I have a question regarding basic account. If I exchange money in advance e.g Turkish lira, would I be able to spend more than 1000£ once I am in turkey without paying fees? Thanks
Hey! Yes if you already hold the Turkish Lira then you'll be able to spend as much as you like without any fees. Best thing to do would be exchange the money to TRY on a week-day before you travel so it is in your Revolut account to spend when you're in Turkey. :) ^Jonny
Hey Frick, Jonny here. It's basically sending money from one country to another. Yes, it's very likely you'll be charged for that. In the case of Revolut how much you're charged may depend on the plan you're using but Revolut are definitely one of the better, cheaper providers for international money transfer. If you're sending money internationally make sure to check our comparison engine, it's free and we'll tell you the cheapest provider for how much you're transferring and where to 👉 www.monito.com
Hey! There’s no spending limit with Revolut Metal and no currency exchange fixed fees. Just ensure sure that you make the transaction during the week (Mon-Fri) to avoid any fees. Thanks! ^Jonny
@@MonitodotcomThis answer is not correct. Also with fuel pumps revolut is often declined because the pumps or electric chargers require a hold amount, usually €99 for fuel but less for chargers.
@@matthewdower5383 Hey Matthew, that's very interesting, would those pumps not require a credit card then? So Revolut or any pre-paid card/debit card wouldn't work?
@@Monitodotcom The pumps work with credit cards. Revolut themselves have described the reasons why pay at the pump does not work. Toll booths for bridges, ferrys etc have also caused me problems .
No problem! Well this will depend on which Revolut account you have (but I'll assume the standard one). If you hold only GBP in your account and you pay a merchant in EUR, on the weekday, and you have spent under £1,000 in foreign currency that month - then you won't incur any fees. You'll receive the real mid-market rate, making the transaction & Revolut one of the best, cheapest ways to pay for in a foreign currency. ^Jonny
No it doesn’t really matter whether you convert before or at POS. Unless of course you knew for sure that the exchange rate would differ drastically and the current rate was worth exchanging for in advance.
Hello Monito. Just re-opened my Revolut account to check out ‘Stays”, but wondering about their weekend FX charge when paying by card…could you get around this by say exchanging GBP in a local currency, eg Japanese Yen, during the weekday, so when you use your card to pay in the weekend it will take money out from your Yen account with no weekend fee rather than from your GBP account with the weekend fee?
Yes exactly, we recommend buying foreign currency ("exchange" in the app) during the weekdays if you plan to spend in the week-end. If you have a balance in YEN and spend in YEN, it will automatically take from the same currency balance first.
This is a very interesting and informative video. Thank you for that. Quick question. Can I wire money from a Revolut account to someone's (or my own) traditional banking account? Or only from Revolut to Revolut account?
Hey Apple. You certainly can. I often wire money out of my Revolut account to my traditional bank account when I exceed the cash withdrawal limit and need to take out more money. ^Jonny
One thing you should also report is that they do not have a bank license. They take money from people and do not give it back. I am still waiting they give me more than $2K since the beginning of November and nothing. The receiving bank demonstrated the operation was cancelled and they are not returning my money despite having the evidence of their mistake. The support system chat continues to tell me to wait but nothing else. #RevolutScam
Hey Angelica, unfortunately, you cannot. The closest thing you can do with Revolut is to have a shared Vault. Basically, you and someone else can pay money into a savings account and both have access to it via your Revolut app. ^Jonny
This is not a review, this is Ad for Revolut, i wish it was a real review that points to cons&prons. When i can't find a single phone number to contact a company especially if this company claims to be a bank then there is a problem here.
Hey Hany. Sorry you feel that way I do try to be as impartial as possible, although I personally think Revolut are great. Perhaps that came across too much in this video? Unfortunately they don’t have a telephone number, few Neobanks do. If you’re located in the UK, Starling Bank does provide a customer service number, so if that’s something you require from your bank do check out Starling. Cheers - Jonny
@@Monitodotcom great! I checked it out btw and compared. Was interesting but was really trying to find out if my transfer would be cheaper with Monzo or Revolut. Still not 100% clear but seems Revolut is cheaper (on weekdays)?
Oh okay that's interesting! I'm thinking Revolut would be cheaper on the weekdays but it's so difficult to tell. There may also be another provider that's cheaper that's neither Revolut or Monzo. Is there a reason why it has to be one or the other?
Hey Varghese - Jonny here. Yes absolutely, it can receive money just like a standard bank account. Are you and your employer based in the same country?
You're welcome Zoe. Sadly no, and I can't seem to find an alternative neobank in Honduras. I'll keep an eye out and if I see anything that could be good for you, I'll let you know.
Hey Sartia, thank you for your comment - I made a video on this subject previously (ua-cam.com/video/rrrXtD75YNs/v-deo.html) - Hopefully that helps you. ^Jonny
Hey there Monito! Many thanks for sharing the video! I’ve been struggling in finding out about its benefits. Now that you shared the video, I have a quick question to ask: Can people who travel a lot (even tourists) use Revolut bank? And if they plan on longer stays in one EU or EEA country, what if they are come across tax residency inquiries when applying for the app? Will this affect the travellers legally in any way (that is, if you have some idea about the tax residence and the laws related to their countries) Many thanks indeed! 🙏🙏☺️ Many thanks 🙏🙏
Hey Jude! Glad you found the vid useful. If you were to register with Revolut you would need to provide proof of identity and residency. If you can provide that then you should be fine, and you also wouldn't need to prove tax residency. I'm yet to encounter anyone that's told me they've needed to provide proof of tax or employment when joining Revolut. If you can provide ID, and residency & obviously have a smartphone then you're good to go! Which country are you from Jude? ^Jonny
Thanks a lot for your answer! I hope this helps in any way. I do hope I don’t get into legal trouble for not providing some details as I don’t have them actually
You may have difficulty registering then with Revolut, unless as I said you can provide the necessary details (proof of residency etc). Good luck and take. ^J
One thing you should also report is that they do not have a bank license. They take money from people and do not give it back. I am still waiting they give me more than $2K since the beginning of November and nothing. The receiving bank demonstrated the operation was cancelled and they are not returning my money despite having the evidence of their mistake. The support system chat continues to tell me to wait but nothing else. #RevolutScam
Hey IHAB, I can't make an account on your behalf but I can certainly try and help you send money to your family. Where are you based and where are they based? ^Jonny
While I see your point, I don’t entirely agree and wouldn’t say it’s the ‘worst argument ever’. In life we use a lot of services and products based on faith, trust or ‘social proofing’. Just like if a friend recommends something to you. I do see your point, but how else are we supposed to ascertain whether something is trustworthy or reputable without trying or experiencing it first? ^Jonny
@@Monitodotcom Let me try another way. "Everybody is driving motorbikes without helmet and so far nobody died, so you can safely drive without helmet." Good argument? Saying that the company is backed by big banks and if they close, that big bank will refund you is a good argument… well, if you trust big banks 😉 Saying that they've X millions users is a social proof of some sort. People may use that as a trust factor (their decision) but you should not tell them "you may trust them because of that" (you're influencing based on a weak argument). Do you understand the subtle nuance? I may be wrong, I'm just sharing with you my thoughts, you'll do whatever you want with them.
Thanks Odera, are you sending from the UK? I did a check on Monito.com (www.monito.com/en/compare/transfer/gb/ng/gbp/ngn/1000) and found that Instarem would be the only good provider. If you're not sending from the UK, just visit www.monito.com and put in your transfer details. Thanks ^Jonny
Revolut is really bad for transaction, they have big problem and bad service when you got a issue. Many people have they transaction block for months with no help. Its a good bank for traveling with small money. After that i dont recommended it. I have been using it for 5 years with metal card. Lots of issue and no service.
I haven't had problems with Revolut, however, I'd avoid them as they're not an FSCS/FDIC member. Rather, they rely on EMI (Electronic Money Institution). And I did ask what if Revolut would close down, she [Rev CS] told me the clients would get their money back, but due to the fact they're not FSCS/FDIC that doesn't guarantee it's true. I'm going to close my account today. I've got others which are reliable and money protected. E.g. Chase.
Hey Philip, I'm sad you chose to close your account as Revolut really is a great multi-currency, international spending product. While Chase is FSCS-protected, you don't even get half the tools and services Revolut offers. Why don't you just keep your Revolut account open and only deposit small amounts of money when necessary and use it as more of a spending card, and not a saving tool? Also, according to the FCA if Revolut goes out of business, you should get most of your money back. Although some costs will be taken by the administrator or liquidator and it could also take longer for you to be refunded than it would with a bank through the FSCS-protected scheme.Thanks ^Jonny
Hope you found the video useful. If you do want to sign up for Revolut, please use our affiliate link 👉 bit.ly/3o6P4Th
One thing you should also report is that they do not have a bank license. They take money from people and do not give it back. I am still waiting they give me more than $2K since the beginning of November and nothing. The receiving bank demonstrated the operation was cancelled and they are not returning my money despite having the evidence of their mistake. The support system chat continues to tell me to wait but nothing else. #RevolutScam
I would like to have one. How does that work? I’m flying to Turkey in two weeks . If I put 100 dollars how much is that in turkeys liras ?
I'm in the UK and on the Standard plan. I find Revolut great for saving and just recently I bought some Gold, Silver and Apple stock, all through Revolut. It's fun to watch the value of my investments in real time.
Thanks for sharing! And I couldn't agree more about the trading features. I think it's all really well-designed!
One thing you should also report is that they do not have a bank license. They take money from people and do not give it back. I am still waiting they give me more than $2K since the beginning of November and nothing. The receiving bank demonstrated the operation was cancelled and they are not returning my money despite having the evidence of their mistake. The support system chat continues to tell me to wait but nothing else. #RevolutScam
How do you buy some gold by the app ?
@@fahiem95 Go to Commodities and then go to Gold.
How hard is it to sell within the app? Kind thanks
Hi, I have 2 questions. 1) If someone has to send an international transfer once every month and they use the Standard (free payment plan) and they send the money during the week will they still incur a fixed-fee? & 2) When someone is sending money will it go directly into the bank account of the receiver in the currency it was sent or does the sender have to select the currency they wish to send the money in?
Hey.
1/ In this case, they will only pay a fixed fee if they exceed their fee-free monthly limit, for example, in the UK if they send over £1,000 then they'll pay a fee on any amount of money above that.
2/ If you send the money to their bank account then it will be deposited directly into the account, you'll also select the currency you're sending to when you make the transfer.
Let me know if you have any more questions. ^Jonny
Just opened a metal Revolut account in the US. The app and the tools they offer is nothing like a bank offers currently. I will be using the vaults to save money as you also get a 1.20% APY with metal. Will be using it also as a spending card with the 1% cash back. Also traveling to Manchester in April and the ability to quickly exchange currency is awesome. Don’t know if I am going to ditch my Capital One bank account completely as Revolut does not have Zelle so therefore can’t instantly transfer funds between account.
Sounds good Tyler! And I couldn't agree more, the ability to exchange and spend currency with such ease is so awesome. Make sure if you do exchange currencies that you always do it during the week to avoid any exchange rate margin fees (this applies to us Metal users too). ^Jonny
Metal options very expensive for normal user ,however I had 1 year premium ( I using Revolut since 2018 basic) I got new card was many great features (buy 5 stock monthly without fee ) but now I pay 3 euro still using premium card and Revolut my main bank (2 jobs salary coming there ) still buying stocks but monthly 1or 2 and using also emergency savings and transferring eu country for my son monthly once no extra cost but pay for metal very extreme and high price just think if you are not moving 5-15 k /monthly and not using bitcoint or eth ( I hold on binance and coinbase my crypto anyway) 16 euro /monthly overprice
If I have a company in Ireland, I can have a main revolut account there and have a second account in Brazil in the name of the same company and transfer without fees?
So you would be just moving money between Revolut accounts? ^Jonny
Brilliant, helpful video. Both your site and these relevant clearly presented reviews are top class and highly recommendable!
Thank you, glad to hear you found the video and the site helpful. ^Jonny
Is it okay to open a revolut account from the Philippines and then i will move to germany after some months. Is there gonna be a problem if i register my address in philippines but then later will be staying in germany for 4 yrs?
Unfortunately Revolut isn't available in the Philippines. You would need to move to Germany to open the account and use a German address and your temporary VISA to apply. ^Jonny
@@Monitodotcom thanks for the heads up! I will do that when i arrive in germany. 👍
No worries! All the best.
How much money need to open and first cash add on account?
I need some advice. I am looking for a group account, where a group of people can add the same amount of money and anyone in the group can pay bills and other costs can you suggest any app. I thought of Revolut Vault Group but there is disagreement and I don't understand why. Could you shed some light, please?
I do not want to take a selfie nor use the "touch" feature. Does that mean I cannot use the app. Re: a person in the United States.
Hey casey. I can't be sure if you'll need to create a selfie when you register in the US. If you're happy to share your telephone number with Revolut then you could try signing up and just seeing what it asks? I'm sorry I am a Revolut UK user and I don't know anyone from the US using it so I can't ask for you. ^Jonny
This is my 1st time having a revolt card , basically I'm going to Florida in October and am putting money on card every month, do I exchange to USD before I go r keep as GBP?
Hey Julie, I would recommend exchanging USD for GBP before you spend money.
This is mainly because Revolut charges a small fee for exchanging currencies on the weekend. So if you were to spend money in USD on the weekend, that you don't have already deposited in your Revolut account then you'll be charged a small fee.
During the weekday you could spend money in the US without exchanging but I just find it is easier to do it ahead of time to avoid weekend fees. Don't forget you'll have £1000/month of fee-free currency exchange with the Revolut Standard account, once you exceed that you'll be charged a small fee, even during the week. Hope that helps and let me know if you have any further questions. ^Jonny
@@Monitodotcom thank u x
Hi Monito, one more question! With standard account, I can take up to 200£ cash and spend 1000£ per month abroad? Or together 1000£? 😊 As well fee free transfer include as well in this 1000£??
Great question, I checked with Revolut and the fee-free £1000 includes both ATM withdrawals and spending. Basically if you at any point exchange currency, whether it's for getting cash out or spending with the card - it is all part of that £1000 allotted fee-free amount. ^Jonny
@@Monitodotcom thanks! What about transfer? 🙏🙏
It also includes transfers.
Hi, if in the UAE, on the free plan. How much could I spend on weekends across two weeks? I.e. two weekends?
Hey, where are you originally from? Just so I can know where your plan is based. ^J
@@Monitodotcom Manchester uk. But go to Dubai a fair few times a year. Starling bank doesn’t work over there I’m lead to believe.
So I’m trying to figure out if on a standard plan with Revolut. You can use your debit card endlessly. Or if there is a limit?
When you say with standard plan if you take out more than £200 in the month you’ll be charged
Let’s say I take out £1000 how much will I get charged (£2, £20 or £200)?
Let’s say both my revolute card and mobile phone gets stolen in a knife point mugging and they spend £2000 how will I contact revolute or get money back
Can I get a physical revolute card to actually touch in my hands and can I get it without the tapping contactless option
If I set a target range off £2000 to say in 6 weeks in the vault and I don’t reach that target will I get punished for failing to hit your target
Hey Kevin, let me try to answer your questions to the best of my ability. I will answer them question by question.
"Let’s say I take out £1000 how much will I get charged (£2, £20 or £200)?"
Of course the fee would depend on the amount you withdrew but let's say you withdrew £1000 at once. You would be charged a fee of £16. That's 2% of £800 which is the amount over the fee-free limit (£200).
"Let’s say both my revolute card and mobile phone gets stolen in a knife point mugging and they spend £2000 how will I contact revolute or get money back"
Good question and I can only speculate to the answer. Firstly they have an automatic number you could call to block your card. So immediately after the mugging if you weren't absolutely horrified by the whole incident, and you could access a phone, a quick call to +442033228352 could block your card. You can also do this via a desktop and through their website. Otherwise with a police report it's likely Revolut would open an investigation and in an ideal world eventually reimburse the funds. I've read similar experiences and similar outcomes to this but also on the flip side it can end up with you not being reimbursed.
"Can I get a physical revolute card to actually touch in my hands and can I get it without the tapping contactless option"
Don't really understand the first part of this question, can you clarify? And again I can only speculate without speaking to Revolut but I imagine you can't dictate whether you have contactless or not. That seems to be the something that's in-built into every card.
"If I set a target range off £2000 to say in 6 weeks in the vault and I don’t reach that target will I get punished for failing to hit your target"
Absolutely not.
Let me know if you have further questions and also please clarify what you mean't by "Can I get physical revolute card to actually touch in my hands?". Thanks - ^Jonny
Hello can i transfer money to account with no added cost
I would suggest checking Monito.com ^Jonny
Could I use this account strictly to transfer money from credit and pay less then I am with PayPal ?
Hey! Depends what you’re using PayPal for but if it’s anything international then it’s likely Revolut will be much cheaper.
After we exchange the currency, how can we use the local currency we just exchanged to? Can we withdraw the exchanged currency into cash? Or is this all just digital?
You could just withdraw from an ATM. Revolut will deduct the amount from your specific currency account within your Revolut account. It's really smart and works just like having a local bank account 😄 ^Jonny
@@Monitodotcom the metal plan said “unlimited withdrawals”. Does that mean i can withdraw all the money into cash of the local currency with no limit as well?
@@Monitodotcom this seems like its too good to be true… Can’t help but be skeptical because I’ve never done exchanges like this but I will try it out! Thank you!!
Hey Monito, is it possible to send money from MasterBank cards to revolut?
Hey Infinity! I'm not 100% but I don't think it does as Revolut doesn't support money transfer to or from Russia (www.revolut.com/help/more/war-in-ukraine/can-i-transfer-money-to-or-from-russia-or-belarus). I'm assuming that's correct as MasterBank is a private bank in Moscow. ^Jonny
If we are doing an international business with abroad companies and getting paid by other many countries then is it very safe to use Revolut and get no charger for the transaction ,?? Is it good than PayPal ?
Hi Bhagyashri, the plan you sign up for will have a number of free transactions available. You will need to pay for a plan though, for example Grow has 10 free international payments and 100 free local. Check out this link for more: www.revolut.com/business/business-account-plans
We also made a specific video on Revolut business that you can watch here: ua-cam.com/video/LdzFjb-F-jY/v-deo.html
Thank you so much !!
You’re welcome and all the best.
Can you go back and forth on plans?
Yes you can downgrade easily although it’s harder if you do this with Metal as you may be charged for the card. Definitely worth checking their terms. ^Jonny
can you please help me !!. I need to know if we open a Revolut account in Germany and when we transfer some money say like 500 Euros to another German bank account like Commerzbank through bank transfer, will they incur any fee?
I'm still not sure. They aren't FSCS protected which gives me the heebie jeebies. Their own website says if they fail you "SHOULD get MOST if not ALL of your money back" then explains theres costs involved. Eh..makes me uncomfortable.
That's fair enough. If you'd like an FSCS protected neobank with low international fees and good currency exchange rates then Starling Bank are a great choice. ^Jonny
On my revoult standard account can I withdraw my money from my savings vault at any time
Hey J B. Yes you can withdraw at anytime with no penalty or fee. ^Jonny
I'm an expat living in the EU and need a UK bank account for my managing agent to deposit rental income. I've only found two banks that will accept EU residents but proof of address is difficult for me. Would you recommend Revolut for me and if so would I then be able to transfer that money to my own EU bank account? Also, is there a limit to how much money you can keep on Revolut? Thank you.
Hey! Revolut would be great for you. You would receive GBP and EUR account details, you could share the GBP details with your agent and then transfer the funds to your EUR account. You will also receive the mid-market rate (more or less) and only pay a very small fee to exchange the currency (I'm assuming you'll be exchanging more than £1,000 per month - if not then you won't pay any fees).
As far as I know, there aren't any limits to how much you can have deposited. Although I believe there may be a transfer limit of £250k, a daily limit of £500k and a weekly limit of £1,000,000.
The problem is, you may need proof of address. This can be tricky. I would say try signing up and see how it goes. Please do consider using our affiliate link if you sign-up (bit.ly/3o8Mk7F).
If that fails do check out Monese (go.monito.com/v2/monese?lng=en) We always recommend them for new migrants arriving in the UK as they don't have proof of address AND Monese will give you GBP and EUR account details. All you need is an ID and a selfie to join Monese, and they're available in any of the 30 countries in the EEA.
All you need is a photo ID and a selfie to join. You can open an account with us if you live in any of the 30 countries in the European Economic Area or the UK.
I suggest starting with Revolut and then if that fails do check out Monese. Cheers and let me know if you have any more questions. ^Jonny
Thank you very much for your prompt and informative answer. Much appreciated.
Thanks for the great information but i have multiple questions
1 im from slovakia but now i live in egypt but i have a slovak passport ,, will i be able to get a physical card to egypt ? If not , can i give an italian address and receive the card to italy while im a slovak citizen?
2 can i deposit bitcoin and change it to real fiat then make virtual visa cards and buy online?
3 can i withdraw bitcoin to extrrnal wallet without having the metal membership?
4 can i use my balance to pay by my phone via NFC in egypt without receiving a real physical card?
Thank u so much
Hey Fouadix! Hope you're well.
1/ I think your best option is to have the card sent to your Italian address as they won't ship to Egypt.
2/ You can't send crypto to Revolut from outside platforms/wallets. (www.revolut.com/en-ES/help/wealth/cryptocurrencies/what-cant-i-do-with-revolut-cryptocurrency/can-i-receive-cryptocurrencies-sent-to-my-revolut-account)
3/ Yes, Revolut have recently opened this up to non-metal users also.
4/ Yes, you could use a virtual Revolut card on your phone via Apple or Google Pay that you'll get when you register. Just add the virtual card to your phone :)
Hope that all helps, take care! ^Jonny
This is a great review!! Super informative and useful. Thanks :) 🤑
Glad you thought so 😊 Thank you! ^Jonny
What is your opinion on the saving vaults. Do you think it’s safe and worth setting up ?? Thank you.
Hey Anna, may I begin by checking where you're located? And also what Revolut plan do you currently have or are considering getting? ^Jonny
Looking for this information. Is it safe?
Hello Monito. I've been using revolut for about 6months now, mainly to move my money around. I've been thinking of creating a savings vault with them now. I just have some questions.
Say I deposite £1000 into my savings account, can can I withdraw all that money back when I need it? And how soon can I make a withdraw after opening the account? How long would it take to for the initiated withdrawal to be made to my revolut wallet?
I'm resided in the UK btw.
Thanks
Hey Nathaniel, Revolut's savings accounts are essentially easy-access. Meaning you can deposit and withdraw freely without penalty. ^Jonny
Hey bud, I was wondering at 04:01 if I do wish to transfer my Revolut stored crypto to an external wallet, you mentioned I need to be on the Metal plan. To my question, do you happen to know if it's possible to hop on to the Metal plan from a Free plan let's say and then do the transfer just like that?
Hey mate! In theory yes, but I'm not sure if it's worth it especially as right now. Revolut only allows you to transfer Bitcoin to an external wallet, so unless it's BTC there's absolutely no point.
Also (and this might not be useful) Revolut have started randomly testing and allowing some non Metal customers the ability to send Bitcoin so do check if you have this enabled for you. Cheers ^Jonny
Hey Monito,
One thing you should also report is that they do not have a bank license. They take money from people and do not give it back. I am still waiting they give me more than $2K since the beginning of November and nothing. The receiving bank demonstrated the operation was cancelled and they are not returning my money despite having the evidence of their mistake. The support system chat continues to tell me to wait but nothing else. #RevolutScam
Do you know if someone from Costa Rica can open an account?
Hey! Revolut isn't available in Costa Rice I'm afraid. ^Jonny
Great video. Can i use for payment of visa application fees? Can a thirdparty transfer into it and whats the limit.?
Hey Ben. Yes you should be able to pay for your visa application fees. Anywhere that accepts Visa or MasterCard payments will accept your Revolut card so that should be absolutely fine.
Yes a third party can send money to your Revolut account. You could either create a payment link, which is really clever and means you just share a link with someone and they can send you money by paying with a card. Or you could just share your account details with someone, if it's a GBP account this would mean sharing your account number and sort code. ^Jonny
thanks for the great info. On the standard plan, only 200 pounds per month is simply not enough. Do you know another online bank that offers higher withdrawals?
Hey Connie, no worries at all glad you found the vid useful. That’ll depend where you live, may I ask which country you’re from? ^Jonny
@@Monitodotcom thanks for the reply! Im a UK citizen but living in Indonesia. I'm trying to get a bank account so I can teach online from here. Many online schools only pay into US, UK, Ireland bank accounts. Thanks 👍🏽
No problem! Do you still have a British address? One that you’re able to provide proof of?
If withdrawals weren’t an issue I’d suggest Wise because of their various local account details including USD and GBP. If you’re desperate for fee-free withdrawals and you have proof of address then Starling Bank are a great choice, as they have free international ATM withdrawals.
Unfortunately it may be difficult to get better fee-free withdrawal limits without proof of UK address.
@@Monitodotcom Thanks again Monito. I'll check out Wise and Starling Bank. Pls share an affiliate link if you have one. Cheers 👍🏽
Thank you Connie, if you decide to go with Wise please use this link : go.monito.com/v2/wise?lng=en
We don’t have an affiliation with Starling, we just think they’re a great choice for travellers. All the best ^Jonny
Is revolut an online digital wallet where i can store funds and do transactions from there?
Because wise is kinda complicated for me as i don't know if its a wallet or just a way to transfer money internationally with a cheaper rate from your local bank..
Wise is not really a bank where you store funds. But like a bridge. Am i right?
And with revolut. Its actually a digital bank where i can have a literal fund wallet inside the app?
It is somewhat complicated but depending where you're based, in the UK for example, WISE and Revolut are considered e-money institutions, and not banks. You can store funds with either provider but they are held in separate accounts at legacy banks like Barclays. They do act just like a normal bank account though and the money is always available to you and can be accessed via your phone within their respective apps. ^Jonny
Hi, I have a question regarding basic account. If I exchange money in advance e.g Turkish lira, would I be able to spend more than 1000£ once I am in turkey without paying fees? Thanks
Hey! Yes if you already hold the Turkish Lira then you'll be able to spend as much as you like without any fees. Best thing to do would be exchange the money to TRY on a week-day before you travel so it is in your Revolut account to spend when you're in Turkey. :) ^Jonny
So I need a metal card to send crypto to trust wallet for example or coinbase wallet?
Hey Greg, things have changed since I made this video. Currently, any Revolut user can send only BTC to an external wallet. ^Jonny
What does sending money internationally mean exactly? If I send money to another Iban in another country amd currency, wil I be charged for that?
Hey Frick, Jonny here. It's basically sending money from one country to another. Yes, it's very likely you'll be charged for that. In the case of Revolut how much you're charged may depend on the plan you're using but Revolut are definitely one of the better, cheaper providers for international money transfer. If you're sending money internationally make sure to check our comparison engine, it's free and we'll tell you the cheapest provider for how much you're transferring and where to 👉 www.monito.com
@@Monitodotcom thanks for the quick reply. Great channel btw:)
Thanks frick 😊
With revolut metal plan, am I allowed to purchase something that's equivalent to $9,000 USD in another currency? Or is there a daily spending limit?
Hey! There’s no spending limit with Revolut Metal and no currency exchange fixed fees. Just ensure sure that you make the transaction during the week (Mon-Fri) to avoid any fees. Thanks! ^Jonny
Good review. One question though. Can Revolut be used to pay for ev charging in Europe - say at Ionity or similar? If so, how?
Hey Balkan, as long as they accept either Visa or Mastercard then you can use Revolut to pay for EV charging. Thanks! ^Jonny
@@MonitodotcomThis answer is not correct. Also with fuel pumps revolut is often declined because the pumps or electric chargers require a hold amount, usually €99 for fuel but less for chargers.
@@matthewdower5383 Hey Matthew, that's very interesting, would those pumps not require a credit card then? So Revolut or any pre-paid card/debit card wouldn't work?
@@Monitodotcom The pumps work with credit cards. Revolut themselves have described the reasons why pay at the pump does not work. Toll booths for bridges, ferrys etc have also caused me problems .
Hi, thanks for the useful video. Just a question!! If I pay in the UK a merchant in euro, do I have to pay any fees? 🙏
No problem! Well this will depend on which Revolut account you have (but I'll assume the standard one). If you hold only GBP in your account and you pay a merchant in EUR, on the weekday, and you have spent under £1,000 in foreign currency that month - then you won't incur any fees. You'll receive the real mid-market rate, making the transaction & Revolut one of the best, cheapest ways to pay for in a foreign currency. ^Jonny
@@Monitodotcom thank you! Is it better to convert my money in euro before payments? 🙏
No it doesn’t really matter whether you convert before or at POS. Unless of course you knew for sure that the exchange rate would differ drastically and the current rate was worth exchanging for in advance.
@@Monitodotcom thank you very much!! It was helpful!! 🙏🙏
@@Monitodotcom this has been helpful, thanks
So is the card a debit it’s not credit?
Yes precisely, it's technically a prepaid debit card. ^Jonny
Hello Monito. Just re-opened my Revolut account to check out ‘Stays”, but wondering about their weekend FX charge when paying by card…could you get around this by say exchanging GBP in a local currency, eg Japanese Yen, during the weekday, so when you use your card to pay in the weekend it will take money out from your Yen account with no weekend fee rather than from your GBP account with the weekend fee?
Yes exactly, we recommend buying foreign currency ("exchange" in the app) during the weekdays if you plan to spend in the week-end. If you have a balance in YEN and spend in YEN, it will automatically take from the same currency balance first.
@@Monitodotcom Cheers!
Hi does the affiliate link allow you to sign-up for the standard account?
Yes Stuart that’s right, it should give you access to Revolut Standard, and £10 credit and a free month of Premium. ^Jonny
This is a very interesting and informative video. Thank you for that. Quick question. Can I wire money from a Revolut account to someone's (or my own) traditional banking account? Or only from Revolut to Revolut account?
Hey Apple. You certainly can. I often wire money out of my Revolut account to my traditional bank account when I exceed the cash withdrawal limit and need to take out more money. ^Jonny
One thing you should also report is that they do not have a bank license. They take money from people and do not give it back. I am still waiting they give me more than $2K since the beginning of November and nothing. The receiving bank demonstrated the operation was cancelled and they are not returning my money despite having the evidence of their mistake. The support system chat continues to tell me to wait but nothing else. #RevolutScam
can i create a joint acct on revolut?
Hey Angelica, unfortunately, you cannot. The closest thing you can do with Revolut is to have a shared Vault. Basically, you and someone else can pay money into a savings account and both have access to it via your Revolut app. ^Jonny
Thanks so much for the video, its quite explicit and staight to point. Can Niigerian citizen have account with Revolute?
Hey Funmi! No problem at all, glad you found it useful :) That depends where you reside? Are you living in Nigeria? ^Jonny
I'm not sure you'll be able to send any trustworthy persons £4,020,587 via Revolut Funmi.
Do they charge us for Transaction??
No
No
I got a Monzo ad from this video 💀
Does it work in the uae
You can't open a Revolut account as sole UAE resident. Is that where you're based? ^Jonny
@@Monitodotcom yes I'm a resident in the uae so what do you suggest as an alternative
@@soumayamaya5007 unfortunately UAE is a bit limited right now, I've had other people ask me the same question.
How do I transfer my revolut money back to my own account
Hey Darren you can just transfer it back using your bank details. It’s quite straight forward. ^Jonny
@@Monitodotcom can or can't?
Can* cheers Nigel!
@@Monitodotcom but you need the METAL deal to transfer crypto funds back into your bank account?
This is not a review, this is Ad for Revolut, i wish it was a real review that points to cons&prons.
When i can't find a single phone number to contact a company especially if this company claims to be a bank then there is a problem here.
Hey Hany. Sorry you feel that way I do try to be as impartial as possible, although I personally think Revolut are great. Perhaps that came across too much in this video? Unfortunately they don’t have a telephone number, few Neobanks do. If you’re located in the UK, Starling Bank does provide a customer service number, so if that’s something you require from your bank do check out Starling. Cheers - Jonny
Did you watch the whole video? Difficulty in accessing customer service was a con in his pro & cons list.
You should link your own website in the description :) i was looking for it!
Thanks Viderp 💚 I think that's a good idea - Jonny
@@Monitodotcom great! I checked it out btw and compared. Was interesting but was really trying to find out if my transfer would be cheaper with Monzo or Revolut. Still not 100% clear but seems Revolut is cheaper (on weekdays)?
Oh okay that's interesting! I'm thinking Revolut would be cheaper on the weekdays but it's so difficult to tell. There may also be another provider that's cheaper that's neither Revolut or Monzo. Is there a reason why it has to be one or the other?
@@Monitodotcom Just thinking to change from Monzo to Revolut as I no longer live in the UK, but in Portugal but with UK income!
Fees ..fees.fees…im struggling to see any benefits for me
Hey RS. Let's see if there are any benefits, is there anything specific you need the account for? ^Jonny
Can I use Revolut standard account for my salary….? I mean can I give it to employer
Hey Varghese - Jonny here. Yes absolutely, it can receive money just like a standard bank account. Are you and your employer based in the same country?
@@Monitodotcom Yes...Thank you
Bro, you can make a verified account so that I can send money to my family The problem is that it is not supported in the country in which I live
Useful video. Thank you. Can i get this bank account i am from Honduras?
You're welcome Zoe. Sadly no, and I can't seem to find an alternative neobank in Honduras. I'll keep an eye out and if I see anything that could be good for you, I'll let you know.
This video is great thanks for the info
You're welcome Libby.
I am an Indian citizen and have indian passport but don't have ssn or itin can i open account in it via my us number and address and Indian passport
Hey Sartia, thank you for your comment - I made a video on this subject previously (ua-cam.com/video/rrrXtD75YNs/v-deo.html) - Hopefully that helps you. ^Jonny
@@Monitodotcom majority is not working
Available in New Zealand now , I just got the email 😊
Interesting, can you forward the e-mail to me? I'd really appreciate it. jonny@monito.com - Thank you 😄
This is more of a commercial then a review.
yeah because it is trying to find a review without their referral link is impossible
i just dont see the point of this.
What don’t you understand Lucas? I’ll try to explain.
I like this guy
Thanks!
Hey there Monito! Many thanks for sharing the video! I’ve been struggling in finding out about its benefits.
Now that you shared the video, I have a quick question to ask: Can people who travel a lot (even tourists) use Revolut bank? And if they plan on longer stays in one EU or EEA country, what if they are come across tax residency inquiries when applying for the app? Will this affect the travellers legally in any way (that is, if you have some idea about the tax residence and the laws related to their countries)
Many thanks indeed! 🙏🙏☺️
Many thanks 🙏🙏
Hey Jude! Glad you found the vid useful. If you were to register with Revolut you would need to provide proof of identity and residency. If you can provide that then you should be fine, and you also wouldn't need to prove tax residency. I'm yet to encounter anyone that's told me they've needed to provide proof of tax or employment when joining Revolut. If you can provide ID, and residency & obviously have a smartphone then you're good to go!
Which country are you from Jude? ^Jonny
My Nationality is Commonwealth of Dominica (not to confuse with Dominican Republic)
Thanks a lot for your answer! I hope this helps in any way. I do hope I don’t get into legal trouble for not providing some details as I don’t have them actually
You may have difficulty registering then with Revolut, unless as I said you can provide the necessary details (proof of residency etc). Good luck and take. ^J
One thing you should also report is that they do not have a bank license. They take money from people and do not give it back. I am still waiting they give me more than $2K since the beginning of November and nothing. The receiving bank demonstrated the operation was cancelled and they are not returning my money despite having the evidence of their mistake. The support system chat continues to tell me to wait but nothing else. #RevolutScam
Your volume is too loud on your video.
Thanks.
You're welcome. ^Jonny
Bro, you can make a verified account so that I can send money to my family The problem is that it is not supported in the country in which I live
Hey IHAB, I can't make an account on your behalf but I can certainly try and help you send money to your family. Where are you based and where are they based? ^Jonny
"A lot of people are trusting them so you can too" is the worst argument ever!
While I see your point, I don’t entirely agree and wouldn’t say it’s the ‘worst argument ever’. In life we use a lot of services and products based on faith, trust or ‘social proofing’. Just like if a friend recommends something to you. I do see your point, but how else are we supposed to ascertain whether something is trustworthy or reputable without trying or experiencing it first? ^Jonny
@@Monitodotcom Let me try another way. "Everybody is driving motorbikes without helmet and so far nobody died, so you can safely drive without helmet." Good argument?
Saying that the company is backed by big banks and if they close, that big bank will refund you is a good argument… well, if you trust big banks 😉
Saying that they've X millions users is a social proof of some sort. People may use that as a trust factor (their decision) but you should not tell them "you may trust them because of that" (you're influencing based on a weak argument). Do you understand the subtle nuance? I may be wrong, I'm just sharing with you my thoughts, you'll do whatever you want with them.
wow this trick saved me over 200 on my transaction
Excellent!
It doesn’t send money to Africa , what shame
Hey Odera, where in Africa are you looking to send money? ^Jonny
@@Monitodotcom Nigeria
Thanks Odera, are you sending from the UK? I did a check on Monito.com (www.monito.com/en/compare/transfer/gb/ng/gbp/ngn/1000) and found that Instarem would be the only good provider.
If you're not sending from the UK, just visit www.monito.com and put in your transfer details. Thanks ^Jonny
Revolut is really bad for transaction, they have big problem and bad service when you got a issue. Many people have they transaction block for months with no help. Its a good bank for traveling with small money. After that i dont recommended it. I have been using it for 5 years with metal card. Lots of issue and no service.
How much money need to make account and add first time money?
و❤️❤️❤️🇩🇿
💚
I haven't had problems with Revolut, however, I'd avoid them as they're not an FSCS/FDIC member. Rather, they rely on EMI (Electronic Money Institution).
And I did ask what if Revolut would close down, she [Rev CS] told me the clients would get their money back, but due to the fact they're not FSCS/FDIC that doesn't guarantee it's true.
I'm going to close my account today. I've got others which are reliable and money protected. E.g. Chase.
Hey Philip, I'm sad you chose to close your account as Revolut really is a great multi-currency, international spending product. While Chase is FSCS-protected, you don't even get half the tools and services Revolut offers. Why don't you just keep your Revolut account open and only deposit small amounts of money when necessary and use it as more of a spending card, and not a saving tool?
Also, according to the FCA if Revolut goes out of business, you should get most of your money back. Although some costs will be taken by the administrator or liquidator and it could also take longer for you to be refunded than it would with a bank through the FSCS-protected scheme.Thanks ^Jonny
@@Monitodotcom あっぷ