Revolut and cash?

MouseMan01

The nature of my business is such that I deal with cash payments often.

How can i handle cash with a Revolut business account?

Gloomtastic!

You can't. It's electronic money moving from one account (person) to another. Unlike cash however, it leaves a trail that makes it accountable.

walterking

Revolut are cashless.

Only option is a regular bank and then transfer to revolut.

Expect cash processing charges of about 50c per €100 and also the bank will need to know what your business is.

LessOutragePlz

https://www.boards.ie/discussion/2058268000/revolut-and-cash

Lodge it to your personal bank account then transfer it to your revolut business account there is no other way to do it if you want the cash to be in your revolut business account.

walterking

https://www.boards.ie/discussion/comment/119854842#Comment_119854842

It will raise flags once the cash amount goes over a certain amount, but it is a possibility. But best to then transfer the precise amount the following day into revolut so that you can show a verifiable trail

LessOutragePlz

https://www.boards.ie/discussion/comment/119858042#Comment_119858042

Yes for sure, once you transfer the exact amount that you lodge you will be grand and no questions can be asked.