and the other three "challenger banks" mentioned, Monzo, Monese and Starling.
To be fair they were the "better" of the bunch but was there not some criticism around dedicated fraud line contact? Can't remember so could be wrong.Mentioned - but no criticism of Starling Bank
I have quite a few bank accounts - never been advised by any of them about the 159 fraud hotline
For those of us that didn’t watch it thanks for putting this information forward and in perspective.I have been using Revolut from day 1 and have never had any problems. I suppose it depends what you use it for- I used to use it when travelling and would top up a few hundred pounds, convert it to whatever currency I needed. Once that was spent I would then top up a bit more etc. I now have a house in France and have a French bank account- I top up my Revolut, convert to Euros and immediately transfer it to my French bank account.
The cases on Rip Of Britain- one person transferred their life savings to Revolut- I certainly wouldn't do that and the other case was someone phoned her up and asked her if she would help catch scammers- I certainly wouldn't do that / I would not entertain the idea of an approach like that over the phone
Regarding the OP- I wasn't aware of a fair usage policy (I will research that now) but I was aware that they had slipped in fees when topping up/ converting currency at weekends
Agree with they were stupid however the main take for me, and the program, was the absolute lack of support from the institution including no fraud helpline, not signatories to the new voluntary refund mechanism, etc.The cases on Rip Of Britain- one person transferred their life savings to Revolut- I certainly wouldn't do that and the other case was someone phoned her up and asked her if she would help catch scammers- I certainly wouldn't do that / I would not entertain the idea of an approach like that over the phone
Similar to when there was a run on Northern Rock in the crisis & one woman interviewed had £750,000 held with them?She put all her savings ino Revolut why?
Away in France and noticed I was being charged a fee for each transaction. This is what appears whin I tap info.
Thanks for highlighting this. It is the time of year where I have to pay the 2 elements of French "council tax" plus I am undertaking a kitchen refurb- I will ensure I keep my transfers within this limit
Well I think if I’m rang and said transfer my money, I would be suspicious, but she did get her money back.and did those Funsters who use Revolut see the article on Rip off Britain yesterday?
Main advantage is buying currency at the right price. As long as you are sensible how you use them, they are fine.I was seriously considering opening a Revolut acct, not now going to. I'm not bothered in saving 3p? on a transaction or the risk associated.
I cannot see what substantial benifits it provides over my bricks and mortar DCs and CCs.
The 159 fraud # was informative.
Thanks for the link.