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Number26 launching free mobile-first bank account in Ireland (Revolut alternative)

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    #632
    jester77
    Registered Users Posts: 11,264 ✭✭✭✭jester77


    clacks wrote: »
    How does the account switching work? On the app it's in German.. Will it switch all my direct debits/standing orders to Number 26? Can it be that simple?

    ah, I think it was in German and not localised yet.

    It logs into your current bank account, pulls down all the direct debits and displays a list. The problem here is that if you have a joint account these get pulled in as well. But you can go through the list and ignore all these. It can be a bit time consuming verifying what belongs to what account.

    If you only have a current account then it is not a problem. It then shows 3 possibilities - accounts they don't know about, accounts where it is possible to change details online, and accounts where you will have to the changes offline.

    I had a few that were showed as offline, but I was able to change online, so it is not 100% accurate. It didn't have any accounts for me that it didn't know about. For the other offline accounts, they said that they could forward the details onto them, but that failed. But they provide you a screen where you can sign your name and they then email you the letters. You have to nothing except print them out and send them in the post, they even have the address where they should be sent on the letter, very painless.


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    #633
    the.red.baron
    Registered Users Posts: 1,632 ✭✭✭the.red.baron


    No bank card as of yet, contacted them twice about it, just got the default 3-5 message back.

    Registered on the 14th December, so could be in that missing batch.

    Can't get my company to allow the 10 digit bank code.

    Not exactly a promising start


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    #634
    Yggr of Asgard
    Registered Users Posts: 5,224 ✭✭✭Yggr of Asgard


    So in German Forums there is news/speculation that the "credit card" is now a "debit card" and that what they might do is move the "51733" block over to debit.

    That would explain how some people here did not get charged for "credit card" when booking with airlines and how someone I know used his number26 card to pay his avantcard (which only takes debit cards).


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    #635
    soirish
    Registered Users Posts: 713 ✭✭✭soirish


    Having a debit card would be great for topping up Revolut ;)


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    #636
    ch750536
    Registered Users Posts: 3,736 ✭✭✭ch750536


    I work for a company in the UK so I'm paid in sterling. Paying in to the number26 account rather than BOI gets me €100 a month extra on £2500.


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    #637
    Yggr of Asgard
    Registered Users Posts: 5,224 ✭✭✭Yggr of Asgard


    ch750536 wrote: »
    I work for a company in the UK so I'm paid in sterling. Paying in to the number26 account rather than BOI gets me €100 a month extra on £2500.

    Why don't you get a UK bank account and than use revolut or transferwise? That will give you even more.


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    #638
    Savman
    Closed Accounts Posts: 8,323 ✭✭✭Savman


    That new gang Fire Financial are offering UK accounts for Irish customers, no DDs or Payment card but as a means of taking control of your funds it's worth looking at.


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    #639
    Savman
    Closed Accounts Posts: 8,323 ✭✭✭Savman


    ch750536 wrote: »
    I work for a company in the UK so I'm paid in sterling. Paying in to the number26 account rather than BOI gets me €100 a month extra on £2500.

    That would make your blood boil.


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    #640
    Yggr of Asgard
    Registered Users Posts: 5,224 ✭✭✭Yggr of Asgard


    Savman wrote: »
    That new gang Fire Financial are offering UK accounts for Irish customers, no DDs or Payment card but as a means of taking control of your funds it's worth looking at.

    or if you need something more advanced, check out monese.

    Currently android only (or via bluestack on a PC). A lot of fiddle to get the passport picture correct but worth the effort as it also gives you a visa card etc.


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    #641
    FastFullBack
    Registered Users Posts: 1,455 ✭✭✭FastFullBack


    ch750536 wrote: »
    I work for a company in the UK so I'm paid in sterling. Paying in to the number26 account rather than BOI gets me €100 a month extra on £2500.

    This is just down to the difference in the GBP:EUR rates that BOI offer versus what Mastercard offer right?


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    #642
    ch750536
    Registered Users Posts: 3,736 ✭✭✭ch750536


    FastFullBack wrote: »
    This is just down to the difference in the GBP:EUR rates that BOI offer versus what Mastercard offer right?

    Correct


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    #643
    Fred Swanson
    Closed Accounts Posts: 21,730 ✭✭✭✭Fred Swanson


    This post has been deleted.


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    #644
    Councilman Les Wynan
    Registered Users Posts: 12 ✭Councilman Les Wynan


    I've lost my passport and I'm yet to replace it - do you know if they'll accept the new driver's license (full, not a permit)?


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    #645
    bertie4evr
    Registered Users Posts: 927 ✭✭✭bertie4evr


    Councilman Les Wynan wrote: »
    I've lost my passport and I'm yet to replace it - do you know if they'll accept the new driver's license (full, not a permit)?

    Afraid not. Newer passports only.


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    #646
    I own an applewatch
    Banned (with Prison Access) Posts: 59 ✭✭I own an applewatch


    Could someone who has tried out both this and revolut advise which is better overall?

    I want to avoid signing up for both if possible.

    Many thanks.


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    #647
    AlmightyCushion
    Moderators, Education Moderators, Technology & Internet Moderators Posts: 35,078 Mod ✭✭✭✭AlmightyCushion


    I own an applewatch wrote: »
    Could someone who has tried out both this and revolut advise which is better overall?

    I want to avoid signing up for both if possible.

    Many thanks.

    They're two very different things. This is a fully fledged bank account with some limitations. Revolut is just a card that gets you excellent exchange rates.


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    #648
    I own an applewatch
    Banned (with Prison Access) Posts: 59 ✭✭I own an applewatch


    AlmightyCushion wrote: »
    They're two very different things. This is a fully fledged bank account with some limitations. Revolut is just a card that gets you excellent exchange rates.

    Which one would you recommend just for fx? What are the limitations of the bank account? Is there a savings account option?

    Is one more of a hassle to sign up for?
    ?

    ?

    Thanks


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    #649
    AlmightyCushion
    Moderators, Education Moderators, Technology & Internet Moderators Posts: 35,078 Mod ✭✭✭✭AlmightyCushion


    I own an applewatch wrote: »
    Which one would you recommend just for fx? What are the limitations of the bank account? Is there a savings account option?

    Is one more of a hassle to sign up for?
    ?

    ?

    Thanks
    If it's just for exchange rates then Revolut would be the way to go as it has better rates.


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    #650
    I own an applewatch
    Banned (with Prison Access) Posts: 59 ✭✭I own an applewatch


    AlmightyCushion wrote: »
    If it's just for exchange rates then Revolut would be the way to go as it has better rates.

    Thanks for the one question you answered; not so much for not answering the other questions.


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    #651
    AlmightyCushion
    Moderators, Education Moderators, Technology & Internet Moderators Posts: 35,078 Mod ✭✭✭✭AlmightyCushion


    I own an applewatch wrote: »
    Thanks for the one question you answered; not so much for not answering the other questions.

    I'm on mobile so long detailed replies are a pain in the ass. I was gonna answer question 2 when I got back to my PC, as it requires a long detailed reply, if someone hadn't answered it in the meantime but you can get fúcked now


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    #652
    chin nuts
    Registered Users Posts: 96 ✭✭chin nuts


    Haha brilliant


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    #653
    I own an applewatch
    Banned (with Prison Access) Posts: 59 ✭✭I own an applewatch


    AlmightyCushion wrote: »
    I'm on mobile so long detailed replies are a pain in the ass. I was gonna answer question 2 when I got back to my PC, as it requires a long detailed reply, if someone hadn't answered it in the meantime but you can get fúcked now

    My reply was meant in jest I assure you.

    That longer reply would be appreciated...


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    #654
    Yggr of Asgard
    Registered Users Posts: 5,224 ✭✭✭Yggr of Asgard


    In Summary (so that it even can be read on an Apple Watch):

    Revolut for good FX rates when loading via debit card or bank transfer is preferred.
    Number26 when bank account alternative is needed.

    As the great AlmightyCushion pointed out, it’s two very different things, here the longer version:

    Revolut
    Visa card linked to a virtual wallet that can be topped up via debit card or bank transfer to a common holding account (transfers must come from a bank account in the name of the revolut card holder).
    Proprietary exchanges rates used for spending in any currency or exchanging between wallet currencies ($, £, €), rates can be seen in the app only.
    Transfers out of the wallet to a bank account possible, however take approx. 3 days to process.
    Signup online with id verification via the app by taking pictures.
    Card number available immediately, card follows shortly after via mail.

    Number26
    Mastercard linked to a bank account in € with own IBAN allowing full banking services including Direct Debit, SEPA transfers etc.
    Restrictions are no cash into the account (unless in Germany) and no foreign currency bank transfers.
    Mastercard exchange rates used for spending in foreign currencies. No fees for any services.
    Signup online with ID verification via video chat.
    IBAN number available immediately, card follows via mail.


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    #655
    PeterDuggan
    Registered Users Posts: 874 ✭✭✭PeterDuggan


    Are Revelot and Number26 exempt from Irish (or German) govt taxes such as stamp duty?


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    #656
    Nollog
    Registered Users Posts: 5,456 ✭✭✭Nollog


    PeterDuggan wrote: »
    Are Revelot and Number26 exempt from Irish (or German) govt taxes such as stamp duty?

    No, but unless Revenue chase after them, you probably won't be charged them.

    It's what people call a "loophole".


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    #657
    OU812
    Registered Users Posts: 6,048 ✭✭✭OU812


    Anyone having issues? Just tried to withdraw money & the atm said "service unavailable"


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    #658
    kuro2k
    Registered Users Posts: 571 ✭✭✭kuro2k


    OU812 wrote: »
    Anyone having issues? Just tried to withdraw money & the atm said "service unavailable"

    Used my card for the first time today. Service unavailable with AIB but worked perfect at BOI atm


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    #659
    Hamza Few Armada
    Posts: 0 ✭✭✭ Hamza Few Armada


    Do I take it that Revolut is best for exchange rates? I have both but I actually don't think I need Number26 (I've realised I only really use my AIB account for online purchases).


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    #660
    OU812
    Registered Users Posts: 6,048 ✭✭✭OU812


    kuro2k wrote: »
    Used my card for the first time today. Service unavailable with AIB but worked perfect at BOI atm

    Interesting. I activated the card on a BOI when I got it but was at an AIB arm earlier. Wonder if anything a connected


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    #661
    mac.in
    Registered Users Posts: 594 ✭✭✭mac.in


    Very disappointing on their verification process. Two people couldn't help me in the verification process. One said the photo of the passport is not getting uploaded in their system for some clarity reasons. Second one said the version of the Irish passport I have is not on their system; really don't know what version they have nor what different version I have; when asked about it the guy disconnected the call without any answer.


This discussion has been closed.
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