 | | | 
14.01.2016, 16:51
| Newbie 1st class | | Join Date: Aug 2014 Location: Zurich
Posts: 14
Groaned at 0 Times in 0 Posts
Thanked 1 Time in 1 Post
| | Re: Multi Currency Credit Card
Thanks, that's good to know!
However, there is nothing mentioned about interest in the FAQ. Without getting interest on the funds, it still doesn't make sense to transfer too much money.
| 
14.01.2016, 16:55
|  | Forum Legend | | Join Date: Aug 2009 Location: Zugerberg, Zug
Posts: 3,277
Groaned at 72 Times in 58 Posts
Thanked 3,728 Times in 1,752 Posts
| | Re: Multi Currency Credit Card | Quote: | |  | | | Thanks, that's good to know!
However, there is nothing mentioned about interest in the FAQ. Without getting interest on the funds, it still doesn't make sense to transfer too much money. | | | | | Indeed. Although in the current interest environment this is negligible.
Agreed though, you shouldn't put significant amounts of money on there. They do have limits as to how much you can transfer there anyway.
All in all it's the best offering in pre-paid credit card / virtual wallets I have come across. Simply unbeatable in it's current format.
| This user would like to thank The_Love_Doctor for this useful post: | | 
20.01.2016, 11:31
|  | Forum Legend | | Join Date: Nov 2009 Location: Basel
Posts: 9,131
Groaned at 170 Times in 153 Posts
Thanked 25,643 Times in 6,892 Posts
| | Re: Multi Currency Credit Card
I'm probably gonna sign up for this Revolut thing and see if I can use it as a cheap and easy way to send money back to the UK occasionally.
It's asking me to enter an optional referral code. Is it mutually beneficial to enter one? If so, I'm happy to enter someone's code.
| 
20.01.2016, 12:01
|  | Forum Legend | | Join Date: Oct 2009 Location: Basel
Posts: 14,942
Groaned at 294 Times in 198 Posts
Thanked 18,990 Times in 7,988 Posts
| | Re: Multi Currency Credit Card | Quote: | |  | | | I'm probably gonna sign up for this Revolut thing and see if I can use it as a cheap and easy way to send money back to the UK occasionally.
It's asking me to enter an optional referral code. Is it mutually beneficial to enter one? If so, I'm happy to enter someone's code. | | | | | i had a code where you get £5 free on sign-up. i will see if i can find it for you.
EDIT: code is "MSE"
| This user would like to thank Phil_MCR for this useful post: | | 
20.01.2016, 12:23
|  | Forum Legend | | Join Date: Nov 2009 Location: Basel
Posts: 9,131
Groaned at 170 Times in 153 Posts
Thanked 25,643 Times in 6,892 Posts
| | Re: Multi Currency Credit Card | Quote: | |  | | | i had a code where you get £5 free on sign-up. i will see if i can find it for you.
EDIT: code is "MSE" | | | | | Ah, a MoneySavingExpert referral. Thanks. £5 is £5!
I'm considering using this card to load up in CHF and pay into my UK account, instead of e.g. peer-to-peer currencyfair.
| 
20.01.2016, 13:23
|  | Forum Legend | | Join Date: Aug 2009 Location: Zugerberg, Zug
Posts: 3,277
Groaned at 72 Times in 58 Posts
Thanked 3,728 Times in 1,752 Posts
| | Re: Multi Currency Credit Card | Quote: | |  | | | Ah, a MoneySavingExpert referral. Thanks. £5 is £5!
I'm considering using this card to load up in CHF and pay into my UK account, instead of e.g. peer-to-peer currencyfair. | | | | | You can't load it with CHF. Not yet anyway...
| This user would like to thank The_Love_Doctor for this useful post: | | 
20.01.2016, 13:33
|  | Forum Legend | | Join Date: Nov 2009 Location: Basel
Posts: 9,131
Groaned at 170 Times in 153 Posts
Thanked 25,643 Times in 6,892 Posts
| | Re: Multi Currency Credit Card | Quote: | |  | | | You can't load it with CHF. Not yet anyway... | | | | | Ah, that kills that then. They won't even let me send CHF and convert it for me to GBP?
Their online help suggests that one can top up a Revolut account from a foreign bank account and that to minimise fees I should use the currency the account is in. I infer from this that I can send money from my Postfinance account in CHF and they'll convert it into GBP for me (one assumes at a better rate than PF, otherwise I might as well just continue to do that as PF only charge a 2CHF fee for the transfer to my UK account).
| 
20.01.2016, 13:39
| Forum Veteran | | Join Date: Feb 2012 Location: Zürich
Posts: 937
Groaned at 3 Times in 3 Posts
Thanked 538 Times in 327 Posts
| | Re: Multi Currency Credit Card
Revolut can only be charged in GBP, EUR and USD.
All 3 accounts are with Barclays in the UK.
I successfully charged in GBP (from a UK account) and EUR (from a German account). Both transactions were free of charge.
I never charged USD, so no idea about possible charges. It's a pity they don't have a US-based USD-account; I guess that would make it easier for US-residents and USD-handling in general.
| This user would like to thank ChrisNeedsToKnow for this useful post: | | 
20.01.2016, 13:54
|  | Forum Legend | | Join Date: Nov 2009 Location: Basel
Posts: 9,131
Groaned at 170 Times in 153 Posts
Thanked 25,643 Times in 6,892 Posts
| | Re: Multi Currency Credit Card | Quote: | |  | | | Revolut can only be charged in GBP, EUR and USD. | | | | | Their website states one can transfer from foreign bank accounts and that one should transfer in the currency that account is held in.
If Revolut then don't do the exchange themselves and rely on Barclays doing it, I gain nothing compared to just sending the money direct to my UK bank account (it goes as a SEPA transfer I believe; PF charge me 2Fr each time I do it if I let them do the conversion from CHF to GBP). In which case, my use-case for the Revolut card disappears. It's useful for saving the 0.9% fee PF load in the exchange-rate for drawing money out of foreign ATMs I suppose.
| 
20.01.2016, 14:04
| Forum Veteran | | Join Date: Feb 2012 Location: Zürich
Posts: 937
Groaned at 3 Times in 3 Posts
Thanked 538 Times in 327 Posts
| | Re: Multi Currency Credit Card
I guess your use-case might re-appear, should they decide to offer more accounts in more countries, allowing to charge locally; hopefully CHF in Switzerland.
However, it doesn't seem to be on the horizon. :/
| This user would like to thank ChrisNeedsToKnow for this useful post: | | 
20.01.2016, 14:06
| Newbie 1st class | | Join Date: Aug 2014 Location: Zurich
Posts: 14
Groaned at 0 Times in 0 Posts
Thanked 1 Time in 1 Post
| | Re: Multi Currency Credit Card
@chris or anybody who already charged the card :
I transferred money from a German Sparkasse account 1.5 weeks ago to the barclays/revolt account, but it is still not recognized in my revolt account. It was quite a sum...
Does anybody know how long it usually should take?
| 
20.01.2016, 14:13
| Forum Veteran | | Join Date: Feb 2012 Location: Zürich
Posts: 937
Groaned at 3 Times in 3 Posts
Thanked 538 Times in 327 Posts
| | Re: Multi Currency Credit Card | Quote: | |  | | | ...how long it usually should take?... | | | | | From my German DKB-account it took anything from 3 hours to 2 days. I guess it depends on some cut-off times here and there.
10 days is definitely too much!
Did you use their EUR-account?
Ask their customer service, usually quite helpful. But ultimately only the bank from where the money was sent can help, as the recipient usually can't do anything.
| 
20.01.2016, 14:28
|  | Forum Legend | | Join Date: Nov 2009 Location: Basel
Posts: 9,131
Groaned at 170 Times in 153 Posts
Thanked 25,643 Times in 6,892 Posts
| | Re: Multi Currency Credit Card | Quote: | |  | | | @chris or anybody who already charged the card :
I transferred money from a German Sparkasse account 1.5 weeks ago to the barclays/revolt account, but it is still not recognized in my revolt account. It was quite a sum...
Does anybody know how long it usually should take? | | | | | Have you verified your ID? I haven't set my account up but there was something within the app about taking a photo of your passport or driving licence. If you've not done that, I believe they reject any transfers over £1000 or something like that.
| 
20.01.2016, 14:39
|  | Forum Veteran | | Join Date: Dec 2013 Location: Geneva area
Posts: 544
Groaned at 2 Times in 2 Posts
Thanked 751 Times in 302 Posts
| | Re: Multi Currency Credit Card | Quote: | |  | | | @chris or anybody who already charged the card :
I transferred money from a German Sparkasse account 1.5 weeks ago to the barclays/revolt account, but it is still not recognized in my revolt account. It was quite a sum...
Does anybody know how long it usually should take? | | | | | I did a domestic transfer from a UK bank, took a few hours.
However: I couldn't get my identity check to work. I carried out the procedure in the app, using an Irish passport card - it says it should take 15 minutes. 5 days later I'd still heard nothing so I contacted support who said they'd check it out, then minutes later the identity check status changed from "processing" to "failed" and support sent me an automatic message saying I should email support with my account number and a full-size photo (whatever that means) of my ID with a picture of me holding it.
I tried to get them to tell me why the in-app authorization had failed but silence was the stern reply. I haven't yet bothered to send the requisite email but I find it a bit pointless having an in-app function that doesn't work (in my case - YMMV) and no feedback as to why it didn't work. People use apps because they are convenient, the more hoops you have to jump through the less likely they are to be used...
| 
20.01.2016, 20:37
| Newbie 1st class | | Join Date: Aug 2014 Location: Zurich
Posts: 14
Groaned at 0 Times in 0 Posts
Thanked 1 Time in 1 Post
| | Re: Multi Currency Credit Card
The app tells me that "if you require to spend more than a £1000 a year, please confirm your ID."
The amount i transferred was below £1000, and I'm just charging, not spending the money anyway.
Quite funny... i wrote the customer support and waiting their response
| 
20.01.2016, 20:49
| Forum Veteran | | Join Date: Feb 2012 Location: Zürich
Posts: 937
Groaned at 3 Times in 3 Posts
Thanked 538 Times in 327 Posts
| | Re: Multi Currency Credit Card
I always talk to their customer support in the chat. Sometimes they have random support staff, but apparently the CEO also mans the chat sometimes, to make sure he knows what's going on.
| 
20.01.2016, 21:51
|  | Member | | Join Date: Jun 2015 Location: Zurich
Posts: 119
Groaned at 1 Time in 1 Post
Thanked 47 Times in 27 Posts
| | Re: Multi Currency Credit Card | Quote: | |  | | | i had a code where you get £5 free on sign-up. i will see if i can find it for you.
EDIT: code is "MSE" | | | | | I doubt the code is still good, it was a promo for the early adopters.
| This user would like to thank soswiss for this useful post: | | 
02.02.2016, 21:24
|  | Forum Legend | | Join Date: Aug 2009 Location: Zugerberg, Zug
Posts: 3,277
Groaned at 72 Times in 58 Posts
Thanked 3,728 Times in 1,752 Posts
| | Re: Multi Currency Credit Card | Quote: | |  | | | I guess your use-case might re-appear, should they decide to offer more accounts in more countries, allowing to charge locally; hopefully CHF in Switzerland.
However, it doesn't seem to be on the horizon. :/ | | | | | They replied to my FB post about adding CHF as a holding currency. And it seems to be a possibility... | Quote: |  | | | We are currently working really hard to add more base currencies and the Swiss Franc is a priority. Thanks for your patience and support! | | | | | | The following 3 users would like to thank The_Love_Doctor for this useful post: | | 
03.02.2016, 10:25
| Forum Veteran | | Join Date: Feb 2012 Location: Zürich
Posts: 937
Groaned at 3 Times in 3 Posts
Thanked 538 Times in 327 Posts
| | Re: Multi Currency Credit Card | Quote: | |  | | | They replied to my FB post about adding CHF as a holding currency. And it seems to be a possibility... | | | | | What I find strange in general is that many Fintechs come up with something really cool, and then don't continue developing their product.
Example Currencyfair. I love them, they're great at what they do. But a while ago (by now a year or two) I talked to one of their executives, who said they're looking into offering a Multi Currency Credit Card. So one could use Currencyfair for receiving, transferring and spending, "all-in-one". Since then, nothing changed. Except Revolut and WeSwap came along...
Why do none of them offer such an all-in-one-solution? I guess it'd be in sort-of high demand!?
| 
03.02.2016, 10:55
|  | Forum Legend | | Join Date: Oct 2009 Location: Basel
Posts: 14,942
Groaned at 294 Times in 198 Posts
Thanked 18,990 Times in 7,988 Posts
| | Re: Multi Currency Credit Card | Quote: | |  | | | What I find strange in general is that many Fintechs come up with something really cool, and then don't continue developing their product.
Example Currencyfair. I love them, they're great at what they do. But a while ago (by now a year or two) I talked to one of their executives, who said they're looking into offering a Multi Currency Credit Card. So one could use Currencyfair for receiving, transferring and spending, "all-in-one". Since then, nothing changed. Except Revolut and WeSwap came along...
Why do none of them offer such an all-in-one-solution? I guess it'd be in sort-of high demand!? | | | | | i guess they can just buy revolut and integrate them.
|
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 19:14. | |