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  #441  
Old 08.11.2017, 20:23
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Re: Multi Currency Credit Card ["Revolut"]

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don't know how bad UBS's FX-rate actually is?
Depends on the deal you make with your bank person.
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  #442  
Old 08.11.2017, 21:14
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Re: Multi Currency Credit Card ["Revolut"]

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Because as of now there's charges for CHF transfers to the CHF-account in the UK.

If and when they offer, hopefully ever, local accountnumbers in Switzerland I shall go the direct route, which would obvisouly be preferable.

I would only recommend my strategy to everyone who has a local EUR-account anyway. I want to occasionally feed EURs into the German DKB-account. As I describe above I do stept 1-3 anyway, so adding step 4 is not much additional hassle.
Exchange CHF to GBP at currencyfair (cheap) then transfer direct to Revolut and you can skip the part of sending to your other bank. I have done it this way so it works fine (had to check actually as I've tried more or less every way now incl direct from CHF bank, IB, swissquote etc)
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  #443  
Old 08.11.2017, 21:48
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Re: Multi Currency Credit Card ["Revolut"]

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Currencyfair's "fee" is ZAR 25 = CHF 1.77

The minor difference of half-a-coffee between 5 and 1.77 isn't important, what's important is the difference in FX-rate, I assume the difference could be up to 3%, maybe more? I don't know how bad UBS's FX-rate actually is?

+ the gamble if intermediary banks will take a share. My strategy is guaranteed not to cause any additional fees of any kind. WYSIWYG.
What I mean is you send CHF to CHF into revolut. And convert in revolut. Or are you saying CF FX spread is better than revolut FX spread?

I currently send UBS CHF -> revolut CHF. UBS charges me 5chf for this.

Then I convert to USD and send out. The outbound leg has no fee. So two transfers, one conversion and one 5chf fee.
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  #444  
Old 09.11.2017, 10:12
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Re: Multi Currency Credit Card ["Revolut"]

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What I mean is you send CHF to CHF into revolut. And convert in revolut. Or are you saying CF FX spread is better than revolut FX spread?

I currently send UBS CHF -> revolut CHF. UBS charges me 5chf for this.

Then I convert to USD and send out. The outbound leg has no fee. So two transfers, one conversion and one 5chf fee.
And you get no other fee from any bank in the middle? I have heard enough horror stories of money not reaching completely and it has even happened to me once/twice.
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  #445  
Old 09.11.2017, 14:23
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Re: Multi Currency Credit Card ["Revolut"]

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And you get no other fee from any bank in the middle? I have heard enough horror stories of money not reaching completely and it has even happened to me once/twice.
For UBS no, what you send in CHF is what you get in CHF on Revolut. The 5 CHF fee is invoiced at the end of the month with the other current account fees.

There are horror stories with other swiss banks, yes, (see some earlier posts in this thread) where the transfer goes via other banks and fees rack up. But with UBS so far I've had no such issues and many people report the same.

If in doubt, you can always call your bank and ask for clarifications
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  #446  
Old 09.11.2017, 15:14
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Re: Multi Currency Credit Card ["Revolut"]

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I'd say those using the "free" UBS card (which costs 50 yearly to start with) probably lose when converting CHF to EUR.
Yes, the UBS prepaid card is only viable if you already bank with them and have one of their "banking packages" (there are ways to reduce the UBS banking fees to 0, including for cards, see other threads about UBS). If you don't bank with them then it's not viable, but maybe "debit" type cards from your bank may be free of fees, worth looking into. But there should be no CHF-EUR conversion, for a swiss user it doesn't make much sense to load Revolut in another currency than CHF (unless you use another optimal currency converter, which means more steps involved, etc + YMMV and all that)
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  #447  
Old 06.12.2017, 22:10
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Re: Multi Currency Credit Card ["Revolut"]

Revolut have added Litecoin and Ether to their crypto trading offerings as from tomorrow, to add to the existing BTC offering. If you run out of fiat to make a payment, crypto will be automatically converted to complete a payment where possible.
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  #448  
Old 08.12.2017, 14:57
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Re: Multi Currency Credit Card ["Revolut"]

I have read through the comments of the people where they mentioned that Credit card top up were treated as purchases made abroad (and not cash withdrawal). However, some of them did report additional charges at the end of the month.

Is it still treated as purchase abroad and not cash withdrawal?
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  #449  
Old 08.12.2017, 15:23
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Re: Multi Currency Credit Card ["Revolut"]

How can a top up be treated like a purchase or withdrawal? How does that make sense?
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  #450  
Old 08.12.2017, 15:31
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Re: Multi Currency Credit Card ["Revolut"]

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How can a top up be treated like a purchase or withdrawal? How does that make sense?

Probably, i was not clear enough. I meant Top up done by Credit card to load money on Revolut card.
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  #451  
Old 10.12.2017, 16:59
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Re: Multi Currency Credit Card ["Revolut"]

I don't think this has been asked before...

I have a savings account in USD and CHF with the Cantonal bank. However, since Revolut IBAN is UK based, transfer of both is treated as a 'foreign transaction', and my bank charges me. I don't know what this charge is - it could be 5Fr, or 20Fr, on different parts of the charges table of my bank.

What is the least expensive way to transfer USD from a Swiss USD savings account?
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  #452  
Old 10.12.2017, 20:55
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Re: Multi Currency Credit Card ["Revolut"]

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I don't think this has been asked before...

I have a savings account in USD and CHF with the Cantonal bank. However, since Revolut IBAN is UK based, transfer of both is treated as a 'foreign transaction', and my bank charges me. I don't know what this charge is - it could be 5Fr, or 20Fr, on different parts of the charges table of my bank.

What is the least expensive way to transfer USD from a Swiss USD savings account?
To have a current account in USD? Transfers from my FCY savings account are much more expensive than transfers from a FCY current account. Still a lot though, CHF 5 (with UBS)
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  #453  
Old 17.01.2018, 13:03
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Re: Multi Currency Credit Card ["Revolut"]

I have a few promotional Revolut Cards (around 100!). They ran a promotion before xmas for anyone who would like to give any to friends and family.

I over stimated how many people would be interested in taking one from me and so I have many cards for anyone who wants to save the CHF7.- fee or just wants to have a spare one and doesn’t want a long time to receive one.

Happy to give them away in person in Zug / Zürich or post anywhere in Switzerland at your expense (CHF1.- stamp I guess). Once you receive you just need to link it on the app and you’re good to go.

If anyone is interested pls pm.
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  #454  
Old 23.01.2018, 15:52
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Re: Multi Currency Credit Card ["Revolut"]

Surprisingly, deposit via Apple Pay is free, even when using credit card as a debit. There is a 24h limit of 500 CHF, though.

I have Swiss Miles & More Mastercard linked to Apple Pay and everything works great!
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  #455  
Old 23.01.2018, 21:48
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Re: Multi Currency Credit Card ["Revolut"]

Today I tried to refill my Revolut account with my UBS prepaid card, but apparently now it charges a fee (around 1.6%). Have you also noticed this change?
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  #456  
Old 24.01.2018, 08:25
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Re: Multi Currency Credit Card ["Revolut"]

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Surprisingly, deposit via Apple Pay is free, even when using credit card as a debit. There is a 24h limit of 500 CHF, though.

I have Swiss Miles & More Mastercard linked to Apple Pay and everything works great!
Apple Pay isn't supported by any of the major banks in Switzerland - they are pushing Twint instead.

The very short list is here:

https://support.apple.com/en-ie/HT206637
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  #457  
Old 24.01.2018, 09:22
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Re: Multi Currency Credit Card ["Revolut"]

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Today I tried to refill my Revolut account with my UBS prepaid card, but apparently now it charges a fee (around 1.6%). Have you also noticed this change?
Unfortunately and strangely, yes. Another reason to use Apple Pay
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  #458  
Old 24.01.2018, 09:25
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Re: Multi Currency Credit Card ["Revolut"]

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Unfortunately and strangely, yes. Another reason to use Apple Pay
Did you see the post above yours? UBS is not on the list

Here is the list for anyone else who is not inclined to click the link -

Switzerland



  • Bonus Card (Visa credit and prepaid cards)
  • boon. by Wirecard
  • Cornèrcard (Mastercard and Visa credit and prepaid cards)
  • Swiss Bankers (Mastercard prepaid cards)
  • Swisscard (American Express credit cards, mydrive credit cards, Neutral Mastercard credit cards, Pointup credit cards, SWISS Miles&More credit cards)
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  #459  
Old 24.01.2018, 09:28
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Re: Multi Currency Credit Card ["Revolut"]

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Did you see the post above yours? UBS is not on the list

I mean - another reason to get a card which is supported by Apple Pay.
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  #460  
Old 24.01.2018, 09:29
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Re: Multi Currency Credit Card ["Revolut"]

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I mean - another reason to get a card which is supported by Apple Pay.
Sure but there is no guarantee that Revolut won't start charging for that too. They were not charging for normal top-ups before
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