Revolut - Ultracheap FX (prepaid Mastercard)

toby2111

I'm going to UK tomorrow on holidays and I'm going to top up my Revolut card. Should I leave it in euro or convert it to sterling? Or does it make no difference?

JoyPad

toby2111 wrote: »

I'm going to UK tomorrow on holidays and I'm going to top up my Revolut card. Should I leave it in euro or convert it to sterling? Or does it make no difference?

Only a little, due to fluctuation in the currency conversion rate. Read more here.

Nigel Fairservice

toby2111 wrote: »

I'm going to UK tomorrow on holidays and I'm going to top up my Revolut card. Should I leave it in euro or convert it to sterling? Or does it make no difference?

Won't make much difference tbh unless you're going to be dealing in a large sum of money. It could be beneficial to people going over to the UK to buy cars and the like (if the currency fluctuation is in their favour) but if you're going over with a few euros to cover your holidays you probably won't notice it that much.

adam88

Long time REVOLUT user. Trying to tip up my account by 300 from my current account. Tried 300 first and it was just pending for 30 mins. Then got a notice that it failed. Then tried 100 x3. Same thing. Anyone any ideas

toby2111

Nigel Fairservice wrote: »

Won't make much difference tbh unless you're going to be dealing in a large sum of money. It could be beneficial to people going over to the UK to buy cars and the like (if the currency fluctuation is in their favour) but if you're going over with a few euros to cover your holidays you probably won't notice it that much.

Gonna top up by €800 or so. I'll leave it in euro if it doesn't make much difference

-=al=-

adam88 wrote: »

Long time REVOLUT user. Trying to tip up my account by 300 from my current account. Tried 300 first and it was just pending for 30 mins. Then got a notice that it failed. Then tried 100 x3. Same thing. Anyone any ideas

Just topped up there myself and it took about 5 minutes after pending.

As of late, it's not as instant as it used to be

Try reducing the amount of top up to €150, and see if that goes through.

BonnieSituation

toby2111 wrote: »

Gonna top up by €800 or so. I'll leave it in euro if it doesn't make much difference

If you're going to London and planning on using public transport make sure you have at least £10 balance in sterling to use it as an oyster card.

jakdublin

-=al=- wrote: »

Just topped up there myself and it took about 5 minutes after pending.

As of late, it's not as instant as it used to be

Try reducing the amount of top up to €150, and see if that goes through.

I use auto top up. Anytime it goes beneath a certain amount, it tops up automatically by €100. Very handy feature.

Quackster

Anyone get their rainbow card yet?

I've just noticed that yet another new MasterCard has appeared in the cards section of the app, with an expected delivery date, but is of regular design. The rainbow card is still there too (but hasn't been delivered yet) and none of my other cards have been cancelled either (so now I've four physical cards listed).

Rather confused!

Wheety

Quackster wrote: »

Anyone get their rainbow card yet?

I've just noticed that yet another new MasterCard has appeared in the cards section of the app, with an expected delivery date, but is of regular design. The rainbow card is still there too (but hasn't been delivered yet) and none of my other cards have been cancelled either (so now I've four physical cards listed).

Rather confused!

Just had a look and it's the same for me. Now have 5 cards in the app.
Regular card | Rainbow Card | New Mastercard (which I didn't order) | Visa physical | Visa virtual

The regular and rainbow are also Mastercard.

The new card says "Your tracking number will appear here when the card has been posted". normally only tracked if you have a premium account. My rainbow one doesn't have a tracking number.

Anyone have a new card in the app, who didn't order the rainbow one?

maximoose

Got my rainbow card last week

Thephantomsmask

I got my rainbow last week, no additional have appeared, maybe the new card is actually the rainbow card but appearing with the tracking number under it since the rainbow cards are now sold out?

Wheety

Thephantomsmask wrote: »

I got my rainbow last week, no additional have appeared, maybe the new card is actually the rainbow card but appearing with the tracking number under it since the rainbow cards are now sold out?

I was just thinking that maybe they're sending me a regular one as could have been over subscribed for the rainbow ones? I haven't received mine yet.

Maybe my rainbow one is just going to be virtual.

ted1

Nigel Fairservice wrote: »

Won't make much difference tbh unless you're going to be dealing in a large sum of money. It could be beneficial to people going over to the UK to buy cars and the like (if the currency fluctuation is in their favour) but if you're going over with a few euros to cover your holidays you probably won't notice it that much.

Sterling, they add in 0.5% on weekend conversions to cover currency fluctuations.
https://community.revolut.com/t/weekend-exchange-rate-surcharge-clarification/4483

Wheety

It also says there's a limit of 3 physical cards, so I reckon the rainbow will disappear from my app or become a virtual card.

Delta2113

I haven't received my rainbow card yet and my app is correct for me.

Rainbow

Mastercard (my first card from years ago)

Visa (got FREE because some issue with London Transport I think)

Virtual Visa (use this one to pay my Netflix in Turkey (see Netflix bargain alert thread for more info.).

Quackster

Thephantomsmask wrote: »

I got my rainbow last week, no additional have appeared, maybe the new card is actually the rainbow card but appearing with the tracking number under it since the rainbow cards are now sold out?

They have different numbers and they're both working as of this moment (have made transactions on both).

It's likely a lack of supply of rainbow cards alright. Hopefully it's just a delay and they've sent on regular cards as a stopgap.

-=al=-

Are the cards still available? 30,000 card between 5,000,000 would suggest they might be running low if not gone by now

I still have the option to choose the rainbow card in an older version of the app (5.25), but in the latest update in the app (on a different phone), it says it's out of stock.

I only have one physical card though

Yggr of Asgard

Quackster wrote: »

Anyone get their rainbow card yet?

I've just noticed that yet another new MasterCard has appeared in the cards section of the app, with an expected delivery date, but is of regular design. The rainbow card is still there too (but hasn't been delivered yet) and none of my other cards have been cancelled either (so now I've four physical cards listed).

Rather confused!

Did you sign up for the revolut beta (the card where they are their own payment processor)?

If the new card starts with 542402 than it's for the beta.

Wheety

Yggr of Asgard wrote: »

Did you sign up for the revolut beta (the card where they are their own payment processor)?

These new cards are for that beta.

That could be it. I know I stuck my name in for it.

And it does start with those numbers.

shanec1928

Yggr of Asgard wrote: »

Did you sign up for the revolut beta (the card where they are their own payment processor)?

If the new card starts with 542402 than it's for the beta.

That would explain it for me so number has yet to show up

RoYoBo

I topped up by 50 today and it was reverted a short time later, for no obvious reason. I had difficulty getting into the app also - a bit of a delay somewhere.

I also got an email today about the duplicate/double top-ups issue saying it was now sorted. Maybe the computer got a bit too enthusiastic and reverted even legitimate top-ups?

I'm still waiting on the delivery of my rainbow card, but it's showing up on my account and I had a notification last week to say it'd be delivered on the 12th.

Quackster

Yggr of Asgard wrote: »

Did you sign up for the revolut beta (the card where they are their own payment processor)?

If the new card starts with 542402 than it's for the beta.

It does indeed! I signed up for the Visa beta back whenever so have I been automatically included in this latest beta?

rigamincedeal

Does anyone know what is the maximum amount in one transaction you can make on a standard Revolut card? I seem to be getting conflicting answers.

Thanks

rigamincedeal

Does anyone know what is the maximum chip and pin transaction that I can make on a standard Revolut Card..?

Thanks

Jeff2

rigamincedeal wrote: »

Does anyone know what is the maximum amount in one transaction you can make on a standard Revolut card? I seem to be getting conflicting answers.

Thanks

There was a thing brought in after the crash of a max you could transfer per day and anything over 20k had to be reported.

I'm not sure if it's still in place.

Yggr of Asgard

rigamincedeal wrote: »

Does anyone know what is the maximum chip and pin transaction that I can make on a standard Revolut Card..?

Thanks

It used to be £5000 within 96 hours but there are unconfirmed reports that like everything these days it's now individually AI driven limits.

Wheety

Received the email there about my card for RevP. I'll start using it as my day to day card when I get it.

Aquos76

I also got an email saying my RevP beta card was on the way.

Kitty6277

Planning on buying a car in the UK next week (under £5k) am I better off just getting a bank draft or something in case they won’t let me spend that much in one go? I’m just a bit worried as I don’t want it declining while trying to buy it.

gwalk

Kitty6277 wrote: »

Planning on buying a car in the UK next week (under £5k) am I better off just getting a bank draft or something in case they won’t let me spend that much in one go? I’m just a bit worried as I don’t want it declining while trying to buy it.

you can transfer it to the dealers account via the app and should arrive quickly

Quackster

gwalk wrote: »

you can transfer it to the dealers account via the app and should arrive quickly

More or less instantly from my recent experience.

coldfire1x

Aquos76 wrote: »

I also got an email saying my RevP beta card was on the way.

Same here. Card on the way.

adox

Quackster wrote: »

More or less instantly from my recent experience.

I recently did a transfer to the UK and it took 2 days to arrive.

Quackster

adox wrote: »

I recently did a transfer to the UK and it took 2 days to arrive.

It's possible that the receiving account didn't support Faster Payments so the transaction would fall back to using the older BACS system.

Geuze

Sorry for asking a question that has probably been answered before.

I was playing around with the Revolut app, and see that there seems to be a UK current account BIC and IBAN associated with the card?

Does this mean a UK firm / employer can make a payment to the card?

Wheety

Geuze wrote: »

Sorry for asking a question that has probably been answered before.

I was playing around with the Revolut app, and see that there seems to be a UK current account BIC and IBAN associated with the card?

Does this mean a UK firm / employer can make a payment to the card?

If you have a Sterling account, you should have 'local' details. An 8 digit account number and a 6 digit sort code. Give these to a UK company for payment.

I don't think you have a UK one set up. In your account details, click the 2 little lines at the top right to go into account manager. In there you can add a Sterling account.

Geuze

In app now.

In the GBP account, I choose Details and see two headings: LOCAL and SWIFT.

LOCAL is for domestic transfer only?

This is described as a personal UK current account to get salary and pay bills, it has an 8-digit a/c number and a 6-digit sort code. Only local transfers allows.



SWIFT says it's for cross-border transfers, there is an IBAN and BIC.



Which should be used for an English employer to pay me?

Geuze

Wheety wrote: »

I don't think you have a UK one set up. In your account details, click the 2 little lines at the top right to go into account manager. In there you can add a Sterling account.

Under Account Manager, there are three active accounts: EUR, GBP, USD.

Wheety

Geuze wrote: »

In app now.

In the GBP account, I choose Details and see two headings: LOCAL and SWIFT.

LOCAL is for domestic transfer only?

This is described as a personal UK current account to get salary and pay bills, it has an 8-digit a/c number and a 6-digit sort code. Only local transfers allows.



SWIFT says it's for cross-border transfers, there is an IBAN and BIC.



Which should be used for an English employer to pay me?

Yeah that's it.

I would use the local details. It'll be quicker. It'll be local to the company paying you. It'll land in your GBP and you can just exchange it to Euro if you want.

Geuze wrote: »

Under Account Manager, there are three active accounts: EUR, GBP, USD.

I only have Euro and GBP.

Geuze

Thanks very much.

I am a bit nervous about this, as I want everything to be perfect with this firm, I don't want any messing / funds bouncing back, etc.

Wheety

Geuze wrote: »

Thanks very much.

I am a bit nervous about this, as I want everything to be perfect with this firm, I don't want any messing / funds bouncing back, etc.

I've given it to the UK Pensions office so I can receive my Dad's payment and then I'll exchange it to Euro and pay it to his Credit Union.

Haven't received one yet as it's only quarterly. Hoping it goes smoothly but don't see any reason why it doesn't.

The Ayatolla

Just made a large enough transaction from TransferWise, Revolut asked to verify funds and I sent them the PDF from my stock broker. All sorted within a few hours.

Their customer service has improved dramatically over the last year.

Also have a referral link for a free card delivered if anyone wants it, drop me a PM!

Yggr of Asgard

The new RevP beta cards are not ready for Google Pay or Apple Pay yet.

PaulKK

The Ayatolla wrote: »

Just made a large enough transaction from TransferWise, Revolut asked to verify funds and I sent them the PDF from my stock broker. All sorted within a few hours.

Their customer service has improved dramatically over the last year.

Also have a referral link for a free card delivered if anyone wants it, drop me a PM!

Was this when crediting your account? I'm a bit concerned about this happening as I'm planning on buying a car in the UK, I'll probably credit the account from my BOI visa debit and then converting to sterling and do a bank transfer on revolut but delays of hours to verify the funds would be a disaster.

I also have an account with currency fair but it took over two days for the sepa transfer to land in that account from BOI. All a bit frustrating!

PaulKK

PaulKK wrote: »

Was this when crediting your account? I'm a bit concerned about this happening as I'm planning on buying a car in the UK, I'll probably credit the account from my BOI visa debit and then converting to sterling and do a bank transfer on revolut but delays of hours to verify the funds would be a disaster.

I also have an account with currency fair but it took over two days for the sepa transfer to land in that account from BOI. All a bit frustrating!

Using your BOI debit card to buy it is the easiest and likely cheaper than Revolut for the larger sum involved in buying a car.

PaulKK

Toby Angry Slammer wrote: »

Using your BOI debit card to buy it is the easiest and likely cheaper than Revolut for the larger sum involved in buying a car.

Quite a few UK dealers (e.g cargiant) only accept UK debit cards.

At least with revolut if the card doesn't work, you can do a faster payments bank transfer and still get home the same day.

adox

Toby Angry Slammer wrote: »

Using your BOI debit card to buy it is the easiest and likely cheaper than Revolut for the larger sum involved in buying a car.

How would a BOI debit card be cheaper buying in a large Sterling amount?

Better rate with Revolut and no fees, unless I’m missing something here.

Yggr of Asgard

adox wrote: »

How would a BOI debit card be cheaper buying in a large Sterling amount?

Better rate with Revolut and no fees, unless I’m missing something here.

Revolut charges 0.5% for over 5000£ while BOI charges 2% of transaction value with Maximum €11.43 .per transaction.

So there is a point in which even with a better rate BOI might be cheaper.

Sonny noggs

Yggr of Asgard wrote: »

Revolut charges 0.5% for over 5000£ while BOI charges 2% of transaction value with Maximum €11.43 .per transaction.

So there is a point in which even with a better rate BOI might be cheaper.

How does the exchange rate they give you compare?

An Post are ‘commission free’ but the exchange rate they provide factors in their profit.