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06.02.2019, 09:39
| | Junior Member | | Join Date: Sep 2011 Location: Zurich
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| | | Re: Multi Currency Credit Card ["Revolut"]
| Quote: | |  | | | Just to be clear, that's not a fee; it's interest—perfectly normal when an institution lends you money for a period of time. | | | | | Yep, I meant interest  . Thanks for fixing it.
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06.02.2019, 09:53
| | Senior Member | | Join Date: Jan 2016 Location: Lugano
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| | | Re: Multi Currency Credit Card ["Revolut"]
| Quote: | | | | | Too many red flags came up after reading above article..
- Not officially a UK or European bank yet
- Deposits not insured
- With a UK IBAN we may see issues after Brexit
- Net Income 2017 ==> -14.8 M GBP
- Gross profit 2017 ==> -6.6 M GBP
So their basically a Start-up, not for me or my money... | | | | | IBAN = International Bank Account Number, so no issues after Brexit, as confirmed by both my UK, Swiss and other EU Banks.
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07.02.2019, 18:20
| | Member | | Join Date: Nov 2015 Location: Zug
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| | | Re: Multi Currency Credit Card ["Revolut"]
| Quote: | | | | | ...so no issues after Brexit, as confirmed by both my UK, Swiss and other EU Banks. | | | | |
Also confirmed by Revolut themselves:
"If you’re a UK Revolut user, it’s business as usual for the most part. For Non-UK Revolut customers, in the event of a no-deal, we will begin the process of transferring you to our European authorised subsidiary."
Source: Link
Frankly speaking I trust Revolut far more than many other banks I have dealt with... they are no longer exactly a "start up".
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07.02.2019, 20:24
| | Forum Veteran | | Join Date: Jan 2019 Location: close to the frontier
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| | | Re: Multi Currency Credit Card ["Revolut"]
| Quote: | | | | | Frankly speaking I trust Revolut far more than many other banks I have dealt with... they are no longer exactly a "start up". | | | | | It would be good to know how safe one's money is with Revolut though should anything major happen.
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07.02.2019, 21:11
| | Forum Veteran | | Join Date: Aug 2015 Location: Basel
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| | | Re: Multi Currency Credit Card ["Revolut"]
| Quote: | | | | | It would be good to know how safe one's money is with Revolut though should anything major happen. | | | | |
They have a UK banking licence now so deposits should be (at least) protected by the FSCS regulations, right?
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09.02.2019, 21:01
|  | Member | | Join Date: Nov 2010 Location: Zurich
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| | | Re: Multi Currency Credit Card ["Revolut"]
| Quote: | | | | | It would be good to know how safe one's money is with Revolut though should anything major happen. | | | | | There was a discussion last year. Someone said that there is no protection if Revolut goes bankrupt. I don't know much about this issue.
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09.02.2019, 21:03
| | Newbie | | Join Date: Jun 2018 Location: Zug
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| | | Re: Multi Currency Credit Card ["Revolut"]
| Quote: | | | | | There was a discussion last year. Someone said that there is no protection if Revolut goes bankrupt. I don't know much about this issue. | | | | | https://blog.revolut.com/we-got-a-banking-licence/
In the future, the acquired european banking license should prevent that. Afaik, the current accounts are unprotected though.
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09.02.2019, 21:05
|  | Forum Legend | | Join Date: May 2011 Location: Zurich
Posts: 8,165
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| | | Re: Multi Currency Credit Card ["Revolut"]
| Quote: | | | | | They have a UK banking licence now so deposits should be (at least) protected by the FSCS regulations, right? | | | | | Some of the key benefits provided by a banking license is that customer funds will be protected under the European Deposit Protection Scheme (EDPS). This means up to €100,000 will be insured. https://www.crowdfundinsider.com/201...nsion-in-2019/
What happens after Brexit is another thing....
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10.02.2019, 19:31
| | Forum Veteran | | Join Date: Aug 2015 Location: Basel
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| | | Re: Multi Currency Credit Card ["Revolut"]
| Quote: | | | | | It looks like they removed the fees for topping up with a Credit Card (tried with UBS). Topped up 4000.- CHF and had 0 fees. I tried only topping up CHF.
Not bad! | | | | |
So one can top up with UBS credit card, aquire the UBS keyclub points, transfer the amount back to UBS account and repeat, all with no fee?
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10.02.2019, 19:50
| | Member | | Join Date: Dec 2015 Location: Zurich
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| | | Re: Multi Currency Credit Card ["Revolut"]
| Quote: | | | | | So one can top up with UBS credit card, aquire the UBS keyclub points, transfer the amount back to UBS account and repeat, all with no fee? | | | | | Well, they are two different companies, aren't they?
Would anything prevent you from sending money back and forth between an UBS and a Credit Suisse account?
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10.02.2019, 22:24
|  | Only in moderation | | Join Date: Jul 2009 Location: Basel-Land
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| | | Re: Multi Currency Credit Card ["Revolut"]
| Quote: | | | | | Well, they are two different companies, aren't they?
Would anything prevent you from sending money back and forth between an UBS and a Credit Suisse account? | | | | | No, but every time you paid money into the CS account using your UBS credit card, it would be treated by UBS as a cash advance, attracting fees and heavy interest charges. Apparently payments to Revolut are not treated as cash advances, but as purchases.
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17.02.2019, 23:31
|  | Member | | Join Date: Jun 2015 Location: Zurich
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| | | Re: Multi Currency Credit Card ["Revolut"]
Has anyone tried topping up by bank transfer in CHF? Curious how long it takes to be processed.
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17.02.2019, 23:51
| | Member | | Join Date: Nov 2015 Location: Zug
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| | | Re: Multi Currency Credit Card ["Revolut"]
@soswiss
Sending from postfinance it’s next day, usually around midday after overnight processing I guess.
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18.02.2019, 06:06
| | Forum Legend | | Join Date: May 2011 Location: Zurich
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| | | Re: Multi Currency Credit Card ["Revolut"]
| Quote: | | | | | Has anyone tried topping up by bank transfer in CHF? Curious how long it takes to be processed. | | | | | Took 2 days with UBS
| | This user would like to thank roegner for this useful post: | |
18.02.2019, 07:08
| | Member | | Join Date: Jul 2011 Location: Zürich
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| | | Re: Multi Currency Credit Card ["Revolut"]
Similar here, took between 1-2 working days with Credit Suisse.
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20.02.2019, 10:16
| | Forum Veteran | | Join Date: Oct 2014 Location: Nyon
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| | | Re: Multi Currency Credit Card ["Revolut"]
Where can one find this Swiss IBAN?
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20.02.2019, 10:59
| | Forum Legend | | Join Date: May 2011 Location: Zurich
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| | | Re: Multi Currency Credit Card ["Revolut"]
| Quote: | | | | | Where can one find this Swiss IBAN? | | | | |
If you have the Revolut app? Go to the part on transfering money, choose CHF and it will show you the IBAN
| | This user would like to thank roegner for this useful post: | |
01.03.2019, 17:59
|  | Forum Legend | | Join Date: Oct 2009 Location: Basel
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| | | Re: Multi Currency Credit Card ["Revolut"]
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04.03.2019, 10:51
|  | Forum Legend | | Join Date: Aug 2009 Location: Zugerberg, Zug
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| | | Re: Multi Currency Credit Card ["Revolut"]
| Quote: | | | | | | | | | | The CEO sounds like a first class dick-tator... he better change tac, before it’s too late... I’ve seen this kind of toxic work culture before and it’s not healthy. The good people will not stick around and you end up with just the rot!
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18.03.2019, 09:35
| | Forum Legend | | Join Date: Oct 2009 Location: Basel
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| | | Re: Multi Currency Credit Card ["Revolut"]
anyone know if/how you can pay orange payslips using revolut?
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