Revolut Megathread.

I'm also under the impression that they will migrate the Lithuanian bank licence to Ireland same as they have recently done in other markets. This means deposits are protected and bank ia regulated by the Central bank of Lithuania. It means no Irish IBAN. Lithuanian IBAN, as before, just a different licence (more protected funds).

Yes, you have an IBAN from Revolut e-money which you are using for payment services.

Once you move to Revolut Bank you get another IBAN number which is to ensure that your funds are covered under the respective money protection regulations.

It's a little complicated for existing customers you get an additional IBAN and revolut is moving virtually funds from that e-money account into a demand account that is protected. No changes to the way you spend money and you continue to use the IBAN you already have for transfers, but you will get a new IBAN from Revolut Bank.

See this helpfull note from Revolut:

Will my account change in any way when I join the Bank?

When you join Revolut Bank UAB, you’ll have a Demand Deposit account which works seamlessly alongside your e-money account with Revolut Payments UAB (the one you're using now).

The functionality of your e-money account stays the same, and your money is automatically transferred and stored in your Demand Deposit account with Revolut Bank. When you store your money with Revolut Bank UAB, your deposit is protected by deposit insurance. Please read the Demand Deposit Information for more details.

Even after you join Revolut Bank UAB, you will continue to use your e-money account with Revolut Payments UAB for transfers, so there are no changes to your IBAN details.

There's really no way to know, their systems are constantly monitoring accounts for suspicious and certain anti-money laundering behaviour. They're regulated to collect information from you to satisfy these regulations.

Just do the AML requirements and be done with it, unless you've stuff to hide/have an out of date passport.

Speaking as someone who bought a car through Revolut, upgrade to the premium plan for free FX exchange, the free plan is limited.

It's in the horrors.....

https://www.revolut.com/en-IE/system-status

But when you point out this out, some of their more evangelical users on here suggest you’re over reacting and Revolut is perfectly capable of running as a stand alone account…

If you use an e-money account as your primary banking solution you don't deserve better in my opinion.

I like revolut for some of the features (one-time card numbers, incoming $ payments etc.) but in no way can this serve as a current account replacement.

Even once they transfer me to the Bank license, there is just too many issues with the platforms they are using, even now that they made great progress to move most elements inhouse (rather than the original app just covering for loads of different providers and services) it's still not completely there.

My main bank in Germany finally has ditched the Giro card (local card solution) is issuing Visa Debit cards with no foreign exchange fee, so my Revolut usage is down to the occasional $ incoming and the one-time cards. Once I find a good provider for the one-time cards I will ditch Revolut.

Meh, none of the banks are to be relied on when it comes to online banking. I'd have been fecked the other day without Revolut when PTSB went down "again" and I have to rely on PTSB when Revolut goes down. Anyone who rely solely on one bank for their online needs is going to be left swinging in the breeze at some stage.

Just a heads up to a potential scam

I had a small transaction 3 weeks ago which reverted on my account. Thought it might have been The kids on Google play but thought no more of it.

Tonight I had a card verification transaction and since I didn't make it and the kids didn't so I froze the card and got onto revolut chat

Suddenly got a text to say someone from revolut would call me to verify a 3700 euro transaction and then the call came.

It showed as revolut and was there number but as the card was frozen and I don't accept strange calls I said I was chatting with revolut support.

Caller kept insisting I could Google the number and it was indeed revolut. He hung up. It was an English accent

I checked in chat and it was an automated number for people to call to cancel cards and no calls come from it.

Was told to cancel the card, reset password and my email password and then revolut secured my account.

It could have gone down very differently.

Im having issues adding money to my account, looking to get 20k into revolut and its failing saying im top up amount too hight and I may have exceeded limit on card, I enquired with Bank of Ireland who said there is no limits on my card.

I've only been able to deposit 5k so far now its failure trying anything else, has anyone a solution for this please?

I'm not sure but I think I read transfer 5k at a time works.