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Revelut...Good Bank? (1 Viewer)

Dec 18, 2011
754
511
Hull
Funster No
19,200
MH
Autotrail 634
Exp
Since 2006
Could anyone who has one of these accounts please advise on the following.Whats the best way to get your hands on your holiday euros?Do you use the exchange option and collect when you are over there?Or do you withdraw them before you go?The exchange rate appears to be far better than what you can get at travel age etc but is there hidden charges I am not seeing?Thank you in advance for any help.
 
Jun 22, 2012
3,865
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Sherborne Dorset
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21,586
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Since 2012
You draw out the euros etc in the country you are in at the time. It doesnt matter if you have forgotten to convert your sterling into euros before you go to the ATM in France for instance. It will do it there and then at that momements interbank rate. Lots of us keep an eye on exchange rates and convert from sterling into euros or dollars when the exchange rate is good but you don't have to. There are loads of threads about Revolut.

Most of us love it. There are just a few concerns because it is Russian owned so they know where you are etc but for most of us it doesnt really matter.

You manage it via an app on your phone, easy peasy. Monzo and Starling are good as well mind you and I don't think are Russian. I have them all but like Revolut the best but don't tell my daughter in the foreign office!

No hidden charges.
 
Last edited:
Aug 18, 2014
23,960
135,712
Lorca,Murcia,Spain
Funster No
32,898
MH
Transit PVC
Exp
16 years since restarting
Yes as Carolyn said just change as & when or just paying using it. & if the rate goes sky high then change to them & keep on the card. You can have various different currencies you have changed to held on the account all at once.
 

Shrimp

Funster
May 27, 2015
4,015
34,041
Bedfordshire, UK
Funster No
36,573
MH
Hymer B584
Exp
Long time
Top-up the card in £’s using the App then you can either exchange it within the App to € (or whatever) that way you will get a better rate than the PO/Bank/supermarket or travel agent will give you.
Then use the card like a normal debit card or withdraw cash from an ATM in France.
I use the Credit Agricole Bank ATMs.
I use it in UK too as it only holds the money I want to put on it so if someone gets their mits on it they can only spend what I’ve put on it, they don’t have access to my millions!!! Ha, ha!
Within the App you can block/unblock the card, and check you PIN number.

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Mar 26, 2009
8,178
11,279
Yr Wyddgrug
Funster No
6,057
MH
Hymer B678DL
Exp
Since 2009
You can draw out £200 worth without any fees but any more than that they charge a small fee, can't remember exactly but it's about 2%, it's not a hidden charge.

Sorry, I should have added without any fees.(y)
 

BreweryDave

LIFE MEMBER
Aug 10, 2011
3,495
10,542
Alvor, Algarve
Funster No
17,694
MH
None now!
Exp
2011
I’ve used Transferwise for many years. Essentially works the same as Revolut.
Have a debit card and a € bank account with it as well as being app based.
Very easy to use, multiple currencies, and fast transfers with very low fees.
Not Russian!

https://transferwise.com/i/davidh806
 
Jan 17, 2010
263
348
Northants
Funster No
9,980
MH
Bailey Approach740SE
Exp
Since 2006
You can also do free foreign currency transfers with the Revolut card, handy for paying deposits to foreign sites and hotels.
You can also set up an exchange once the currency rate reaches a preset amount.
 

klaatu

Free Member
Aug 10, 2013
1,993
2,793
Vienne, France
Funster No
27,421
MH
Globecar Summit 640
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Since 2014
I have Monzo and like it a lot, but as I now live in France technically I am not supposed to be using it - I still have my Boatmail address registered with them, even though I don't use Boatmail now. I suppose I could use my brother's address.

But anyway... Monzo differs from Revolut in that you only have a sterling balance, and when you use it at a supermarket in France for example, you pay in Euros and it converts automatically at that point.

My question is, if you have forgotten to put something on your Revolut Euros balance, when you get to the checkout, can you still use it like Monzo, pay in Euros, and Revolut will automatically convert the required sterling to euros at that point?
 

JJ

Mágica
May 1, 2008
19,282
48,352
Quinta Majay, Pinheiro Bordalo, Portugal
Funster No
2,459
MH
Burstner Privilege T
Exp
over 50 years
You can only withdraw £200 euros a month from the card.

Not quite correct Sir...

You can only draw £200 cash FRER every month... more than that you pay 2%... I have never needed more than €200 in cash per month as I use the card to pay for 95% of my purchases.

EDIT

Sorry... missed your second post...

JJ :cool:

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Jun 22, 2012
3,865
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Sherborne Dorset
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Since 2012
I have Monzo and like it a lot, but as I now live in France technically I am not supposed to be using it - I still have my Boatmail address registered with them, even though I don't use Boatmail now. I suppose I could use my brother's address.

But anyway... Monzo differs from Revolut in that you only have a sterling balance, and when you use it at a supermarket in France for example, you pay in Euros and it converts automatically at that point.

My question is, if you have forgotten to put something on your Revolut Euros balance, when you get to the checkout, can you still use it like Monzo, pay in Euros, and Revolut will automatically convert the required sterling to euros at that point?
Yes
 
Jun 22, 2012
3,865
41,711
Sherborne Dorset
Funster No
21,586
MH
Van Conversion
Exp
Since 2012
I am now busy shopping in Bath so refer all further questions re Revolut to @JJ although he is a bit slow this morning !
 
Oct 7, 2013
5,926
37,203
South Wales
Funster No
28,463
MH
Swift Escape Compact
Exp
Since 1988
Be aware!

Because Revolut is backed by Russian money the EU are considering withdrawing their licence.

It hasn’t happened yet but is under consideration.

Source:- article in Daily Telegraph, 24th April! 2019

Subscribers  do not see these advertisements

 
Jun 22, 2012
3,865
41,711
Sherborne Dorset
Funster No
21,586
MH
Van Conversion
Exp
Since 2012
I am now busy shopping in Bath so refer all further questions re Revolut to @JJ although he is a bit slow this morning
If you are in Bath, don't forget to go on the Bizarre Bath Comedy Walk...

www.bizarrebath.co.uk


JJ :cool:
We were so worn out shopping and talking that we have now gone home. I see it doesn't start until 8pm , I will definitely look at going with Nick as it looks right up our street whereas shopping with my old school friend Sally is more of a grumpy old women afair!
 
Aug 18, 2014
23,960
135,712
Lorca,Murcia,Spain
Funster No
32,898
MH
Transit PVC
Exp
16 years since restarting
Be aware!

Because Revolut is backed by Russian money the EU are considering withdrawing their licence.

It hasn’t happened yet but is under consideration.

Source:- article in Daily Telegraph, 24th April! 2019
They didn't have a banking licence until recently (late 2018). So as I've been with them for some years it wasn't a problem before?
 
Oct 7, 2013
5,926
37,203
South Wales
Funster No
28,463
MH
Swift Escape Compact
Exp
Since 1988
They didn't have a banking licence until recently (late 2018). So as I've been with them for some years it wasn't a problem before?
Fine. If you are happy but I felt some people might like the info if they didn
 

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