 | | | 
06.02.2019, 10:39
| | Junior Member | | Join Date: Sep 2011 Location: Zurich
Posts: 39
Groaned at 1 Time in 1 Post
Thanked 24 Times in 19 Posts
| | | 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.
| | This user would like to thank Sparxxx for this useful post: | |
06.02.2019, 10:53
| | Forum Veteran | | Join Date: Jan 2016 Location: Lugano
Posts: 948
Groaned at 15 Times in 13 Posts
Thanked 1,139 Times in 514 Posts
| | | 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.
|
07.02.2019, 19:20
| | Member | | Join Date: Nov 2015 Location: Zug
Posts: 177
Groaned at 2 Times in 1 Post
Thanked 62 Times in 38 Posts
| | | 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".
|
07.02.2019, 21:24
| | Banned | | Join Date: Jan 2019 Location: close to the frontier
Posts: 1,018
Groaned at 141 Times in 86 Posts
Thanked 597 Times in 379 Posts
| | | 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.
|
07.02.2019, 22:11
| | Forum Veteran | | Join Date: Aug 2015 Location: Basel
Posts: 1,721
Groaned at 38 Times in 30 Posts
Thanked 1,011 Times in 605 Posts
| | | 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?
|
09.02.2019, 22:01
|  | Member | | Join Date: Nov 2010 Location: Zurich
Posts: 169
Groaned at 2 Times in 2 Posts
Thanked 42 Times in 32 Posts
| | | 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.
| | This user would like to thank freeworld for this useful post: | |
09.02.2019, 22:03
| | Newbie | | Join Date: Jun 2018 Location: Zug
Posts: 6
Groaned at 0 Times in 0 Posts
Thanked 2 Times in 2 Posts
| | | 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.
| | This user would like to thank switzerlove for this useful post: | |
09.02.2019, 22:05
|  | Moderately Dutch | | Join Date: May 2011 Location: Zurich
Posts: 10,259
Groaned at 346 Times in 288 Posts
Thanked 12,124 Times in 5,865 Posts
| | | 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....
| | This user would like to thank roegner for this useful post: | |
10.02.2019, 20:31
| | Forum Veteran | | Join Date: Aug 2015 Location: Basel
Posts: 1,721
Groaned at 38 Times in 30 Posts
Thanked 1,011 Times in 605 Posts
| | | 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?
|
10.02.2019, 20:50
| | Member | | Join Date: Dec 2015 Location: Zurich
Posts: 214
Groaned at 4 Times in 4 Posts
Thanked 91 Times in 70 Posts
| | | 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?
|
10.02.2019, 23:24
|  | Only in moderation | | Join Date: Jul 2009 Location: Basel-Land
Posts: 8,759
Groaned at 259 Times in 212 Posts
Thanked 17,699 Times in 7,186 Posts
| | | 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.
| | This user would like to thank 22 yards for this useful post: | |
18.02.2019, 00:31
|  | Member | | Join Date: Jun 2015 Location: Zurich
Posts: 104
Groaned at 0 Times in 0 Posts
Thanked 26 Times in 18 Posts
| | | Re: Multi Currency Credit Card ["Revolut"]
Has anyone tried topping up by bank transfer in CHF? Curious how long it takes to be processed.
|
18.02.2019, 00:51
| | Member | | Join Date: Nov 2015 Location: Zug
Posts: 177
Groaned at 2 Times in 1 Post
Thanked 62 Times in 38 Posts
| | | Re: Multi Currency Credit Card ["Revolut"]
@soswiss
Sending from postfinance it’s next day, usually around midday after overnight processing I guess.
| | This user would like to thank wheatism for this useful post: | |
18.02.2019, 07:06
| | Moderately Dutch | | Join Date: May 2011 Location: Zurich
Posts: 10,259
Groaned at 346 Times in 288 Posts
Thanked 12,124 Times in 5,865 Posts
| | | 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, 08:08
| | Member | | Join Date: Jul 2011 Location: Zürich
Posts: 152
Groaned at 0 Times in 0 Posts
Thanked 61 Times in 44 Posts
| | | Re: Multi Currency Credit Card ["Revolut"]
Similar here, took between 1-2 working days with Credit Suisse.
| | This user would like to thank azt33 for this useful post: | |
20.02.2019, 11:16
| | Forum Legend | | Join Date: Oct 2014 Location: Nyon
Posts: 3,207
Groaned at 150 Times in 110 Posts
Thanked 3,944 Times in 1,945 Posts
| | | Re: Multi Currency Credit Card ["Revolut"]
Where can one find this Swiss IBAN?
|
20.02.2019, 11:59
| | Moderately Dutch | | Join Date: May 2011 Location: Zurich
Posts: 10,259
Groaned at 346 Times in 288 Posts
Thanked 12,124 Times in 5,865 Posts
| | | 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, 18:59
|  | Forum Legend | | Join Date: Oct 2009 Location: Basel
Posts: 13,837
Groaned at 271 Times in 177 Posts
Thanked 16,954 Times in 7,174 Posts
| | | Re: Multi Currency Credit Card ["Revolut"]
| | The following 2 users would like to thank Phil_MCR for this useful post: | |
04.03.2019, 11:51
|  | Forum Legend | | Join Date: Aug 2009 Location: Zugerberg, Zug
Posts: 3,266
Groaned at 71 Times in 55 Posts
Thanked 3,665 Times in 1,734 Posts
| | | 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!
|
18.03.2019, 10:35
| | Forum Legend | | Join Date: Oct 2009 Location: Basel
Posts: 13,837
Groaned at 271 Times in 177 Posts
Thanked 16,954 Times in 7,174 Posts
| | | Re: Multi Currency Credit Card ["Revolut"]
anyone know if/how you can pay orange payslips using revolut?
| |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | | | | Thread Tools | | | | Display Modes |  Linear Mode | 
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | | All times are GMT +2. The time now is 19:43. | |
![Multi Currency Credit Card ["Revolut"]](https://www.englishforum.ch/iconimages/finance-banking-taxation/multi-currency-credit-card-revolut_ltr.gif)
