Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #1  
Old 28.09.2020, 19:20
Island Monkey's Avatar
Forum Legend
 
Join Date: Mar 2008
Location: Wallis
Posts: 5,734
Groaned at 95 Times in 60 Posts
Thanked 6,286 Times in 2,878 Posts
Island Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond repute
Something like revolut

Is there something like Revolut, that gives you a UK sort code and account number? I'm looking for something that is super simple for my UK family to send money to without me having to maintain a UK bank account. (Paying into Revolut might sound simple to you.... but we are talking about my mother!! )
Reply With Quote
  #2  
Old 28.09.2020, 19:23
fatmanfilms's Avatar
The Marmite Moderator
 
Join Date: Apr 2010
Location: Verbier
Posts: 20,989
Groaned at 448 Times in 342 Posts
Thanked 22,233 Times in 11,521 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Something like revolut

Quote:
View Post
Is there something like Revolut, that gives you a UK sort code and account number? I'm looking for something that is super simple for my UK family to send money to without me having to maintain a UK bank account. (Paying into Revolut might sound simple to you.... but we are talking about my mother!! )
Revolut gives you a UK sort code & account no. IBan as well for foreign payments.

Go to currency then ... 3rd one down is details.
I see a sort code of 04-00-75
Reply With Quote
  #3  
Old 28.09.2020, 19:24
Island Monkey's Avatar
Forum Legend
 
Join Date: Mar 2008
Location: Wallis
Posts: 5,734
Groaned at 95 Times in 60 Posts
Thanked 6,286 Times in 2,878 Posts
Island Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond repute
Re: Something like revolut

Quote:
View Post
Revolut gives you a UK sort code & account no. IBan as well for foreign payments.
Does it? If you have a Swiss Revolut account? I don't have a UK sort code etc.
Reply With Quote
  #4  
Old 28.09.2020, 19:26
fatmanfilms's Avatar
The Marmite Moderator
 
Join Date: Apr 2010
Location: Verbier
Posts: 20,989
Groaned at 448 Times in 342 Posts
Thanked 22,233 Times in 11,521 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Something like revolut

Quote:
View Post
Does it? If you have a Swiss Revolut account? I don't have a UK sort code etc.
Have you set up GBP as a currency ?

I have USD / CHF / EURO & GBP
Reply With Quote
This user would like to thank fatmanfilms for this useful post:
  #5  
Old 28.09.2020, 19:31
roegner's Avatar
Moderately Dutch
 
Join Date: May 2011
Location: Zurich
Posts: 11,066
Groaned at 363 Times in 304 Posts
Thanked 13,908 Times in 6,486 Posts
roegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond repute
Re: Something like revolut

Quote:
View Post
Does it? If you have a Swiss Revolut account? I don't have a UK sort code etc.
Quote:
View Post
Have you set up GBP as a currency ?

I have USD / CHF / EURO & GBP
Just checked, yep, Sort Code 04-00-75. Have used it till now only to pay within the UK
Reply With Quote
  #6  
Old 28.09.2020, 19:31
Island Monkey's Avatar
Forum Legend
 
Join Date: Mar 2008
Location: Wallis
Posts: 5,734
Groaned at 95 Times in 60 Posts
Thanked 6,286 Times in 2,878 Posts
Island Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond repute
Re: Something like revolut

Yes, GBP and CHF.

....... OHHHHHHHH! Found it. Change currency! Thank you!!!!!!!
Reply With Quote
This user would like to thank Island Monkey for this useful post:
  #7  
Old 29.09.2020, 13:26
Forum Veteran
 
Join Date: Jun 2014
Location: Basel
Posts: 714
Groaned at 8 Times in 7 Posts
Thanked 560 Times in 294 Posts
gipfelisturmer has an excellent reputationgipfelisturmer has an excellent reputationgipfelisturmer has an excellent reputationgipfelisturmer has an excellent reputation
Re: Something like revolut

You could also consider Transferwise - a bit higher FX rates, but you send cash (GBP) directly to their bank account.
No app needed on their end.
Reply With Quote
  #8  
Old 29.09.2020, 13:35
eyebeebe's Avatar
Forum Veteran
 
Join Date: May 2009
Location: Pfäffikon SZ
Posts: 2,059
Groaned at 17 Times in 16 Posts
Thanked 2,670 Times in 1,149 Posts
eyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond repute
Re: Something like revolut

Quote:
View Post
You could also consider Transferwise - a bit higher FX rates, but you send cash (GBP) directly to their bank account.
No app needed on their end.
There’s no app needed to pay into Revolut either. You can just use the bank account details as have been provided.
Reply With Quote
This user would like to thank eyebeebe for this useful post:
  #9  
Old 29.09.2020, 13:38
fatmanfilms's Avatar
The Marmite Moderator
 
Join Date: Apr 2010
Location: Verbier
Posts: 20,989
Groaned at 448 Times in 342 Posts
Thanked 22,233 Times in 11,521 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Something like revolut

Quote:
View Post
There’s no app needed to pay into Revolut either. You can just use the bank account details as have been provided.
I did this last week to receive some CHF, Credit Agricole my French bank charges €43 to receive foreign currency in addition to conversion costs. They do offer a CHF account for non residents but CHF 25 a month.
Reply With Quote
  #10  
Old 29.09.2020, 13:53
Newbie 1st class
 
Join Date: Feb 2019
Location: Lausanne
Posts: 10
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
provenzano has no particular reputation at present
Re: Something like revolut

Quote:
View Post
I did this last week to receive some CHF, Credit Agricole my French bank charges €43 to receive foreign currency in addition to conversion costs. They do offer a CHF account for non residents but CHF 25 a month.
The best way is to convert first from CHF to EUR in Revolut and only after do the transfer to your French account.

I had the same issue as you before sending CHF to Portugal. Sending EUR from Revolut was fine and the exchange rates a lot better.
Reply With Quote
  #11  
Old 29.09.2020, 13:58
fatmanfilms's Avatar
The Marmite Moderator
 
Join Date: Apr 2010
Location: Verbier
Posts: 20,989
Groaned at 448 Times in 342 Posts
Thanked 22,233 Times in 11,521 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Something like revolut

Quote:
View Post
The best way is to convert first from CHF to EUR in Revolut and only after do the transfer to your French account.

I had the same issue as you before sending CHF to Portugal. Sending EUR from Revolut was fine and the exchange rates a lot better.
I was getting a refund of a deposit on a table, it turned out too complicated & the Artisan did not want to complete the order. I only use Revolout for small transactions mainly in CH as I use Geneva Airport regularly. For larger transfers I use Currency Fair, which gave better rates than transferwise when I last compared.
Reply With Quote
  #12  
Old 29.09.2020, 16:02
Forum Legend
 
Join Date: Aug 2015
Location: Basle
Posts: 2,757
Groaned at 72 Times in 57 Posts
Thanked 1,921 Times in 1,109 Posts
Landers has a reputation beyond reputeLanders has a reputation beyond reputeLanders has a reputation beyond reputeLanders has a reputation beyond reputeLanders has a reputation beyond repute
Re: Something like revolut

Revolut is best for rates at least on weekdays and below any imposed limit. Currencyfair last I checked charged 0.5% loading (seems it now "up to 0.6%") and charges for transfers.

Not sure about transferwise but they charge for transfers, last time I looked.
Reply With Quote
  #13  
Old 29.09.2020, 16:09
Forum Legend
 
Join Date: Aug 2015
Location: Basle
Posts: 2,757
Groaned at 72 Times in 57 Posts
Thanked 1,921 Times in 1,109 Posts
Landers has a reputation beyond reputeLanders has a reputation beyond reputeLanders has a reputation beyond reputeLanders has a reputation beyond reputeLanders has a reputation beyond repute
Re: Something like revolut

Quote:
View Post
You could also consider Transferwise - a bit higher FX rates, but you send cash (GBP) directly to their bank account.



This is an interesting one with the English language. "Cash" usually means money in notes and/or coins, or at least it used to. Cash machine. Cash-in-hand. Cash a cheque. Cash only.


PS as already said, Revolut does this too.
Reply With Quote
The following 2 users would like to thank Landers for this useful post:
  #14  
Old 29.09.2020, 16:28
Forum Veteran
 
Join Date: Jun 2014
Location: Basel
Posts: 714
Groaned at 8 Times in 7 Posts
Thanked 560 Times in 294 Posts
gipfelisturmer has an excellent reputationgipfelisturmer has an excellent reputationgipfelisturmer has an excellent reputationgipfelisturmer has an excellent reputation
Re: Something like revolut

Quote:
View Post
There’s no app needed to pay into Revolut either. You can just use the bank account details as have been provided.
I think the OP could have been a bit unclear as to which direction should the money go.
Quote:
something that is super simple for my UK family to send money to without me having to maintain a UK bank account
I understood that s/he needs to send money to her/his family/mother (her bank account) in the UK, who doesn't want to handle any apps.

True, one can also send money from Revolut to a "real" bank account not owned by the Revolut app holder.
I wrongly thought it is not possible (mixed the thoughts up with some brokerage accounts).

Quote:
View Post
This is an interesting one with the English language. "Cash" usually means money in notes and/or coins, or at least it used to. Cash machine. Cash-in-hand. Cash a cheque. Cash only.


PS as already said, Revolut does this too.
Curious point to pick out.

Yes and no.
Cash as an asset is also "virtual" - as in sitting in your bank account instead of being invested into other assets.
Reply With Quote
  #15  
Old 29.09.2020, 16:52
fatmanfilms's Avatar
The Marmite Moderator
 
Join Date: Apr 2010
Location: Verbier
Posts: 20,989
Groaned at 448 Times in 342 Posts
Thanked 22,233 Times in 11,521 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Something like revolut

Quote:
View Post
Revolut is best for rates at least on weekdays and below any imposed limit. Currencyfair last I checked charged 0.5% loading (seems it now "up to 0.6%") and charges for transfers.

Not sure about transferwise but they charge for transfers, last time I looked.
Depends on the size of the transfer.
Reply With Quote
  #16  
Old 29.09.2020, 16:56
Island Monkey's Avatar
Forum Legend
 
Join Date: Mar 2008
Location: Wallis
Posts: 5,734
Groaned at 95 Times in 60 Posts
Thanked 6,286 Times in 2,878 Posts
Island Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond reputeIsland Monkey has a reputation beyond repute
Re: Something like revolut

Quote:
View Post
I think the OP could have been a bit unclear as to which direction should the money go.

I understood that s/he needs to send money to her/his family/mother (her bank account) in the UK, who doesn't want to handle any apps.
No. I wanted my Mum to be able to pay money into my Revolut account just using a U.K. account number and sort code as that is the extent of her eBanking skills. No app, no IBAN, no reference numbers.
Reply With Quote
The following 2 users would like to thank Island Monkey for this useful post:
  #17  
Old 29.09.2020, 17:02
fatmanfilms's Avatar
The Marmite Moderator
 
Join Date: Apr 2010
Location: Verbier
Posts: 20,989
Groaned at 448 Times in 342 Posts
Thanked 22,233 Times in 11,521 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Something like revolut

Quote:
View Post
No. I wanted my Mum to be able to pay money into my Revolut account just using a U.K. account number and sort code as that is the extent of her eBanking skills. No app, no IBAN, no reference numbers.
My mother usually send a cheque that she has forgotten to sign
Reply With Quote
This user would like to thank fatmanfilms for this useful post:
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
EUR transfer to Revolut from Postfinance Adidas Finance/banking/taxation 9 01.06.2021 19:02
Banks - UBS, Revolut... simoner Business & entrepreneur 6 10.09.2020 20:47
Revolut money scam omtatsat Daily life 66 27.08.2019 13:22
Revolut financing round up 5x Phil_MCR Finance/banking/taxation 5 16.04.2018 09:39
Revolut alternative ChrisNeedsToKnow Finance/banking/taxation 7 08.12.2017 14:50


All times are GMT +2. The time now is 01:01.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0