Monzo/Starling Banking/Revolut

Efour · 7 May 2018 at 07:38

It makes sense.
I was in London a month back and a few shops also had this happen. Not all though, which is weird.

MaX_PoWah · 25 May 2018 at 08:39

So you can now hold ripple and Bitcoin Cash in Revolut

You can also save in them using the vaults feature... cost averaging into cryptos is pretty cool i think.

randomshenans · 25 May 2018 at 09:19

it's not really holding it though, which is annoying. So it's just fiat still, as there is no crypto exchange. Would be nice to see a full wallet feature, which I have asked them for.

MaX_PoWah · 25 May 2018 at 10:55

Ah so its like a nominee account? They hold the crypto on your behalf?

I always noticed when they added crypto that there prices seemed a bit low?

Yea they need to add the ability to deposit money using the post office link network like starling has done also

MichaelAwkward · 2 Jun 2018 at 17:08

Does anyone know if Revolut automatically send a new card out when the current one expires? Or do you have to pay £11.99 to get one delivered?

I only ask because mine expires early next year, but it's an earlier non-contactless one and I'd like to upgrade, but if they send it out for free I might as well wait.

azibux1 · 3 Jun 2018 at 00:29

englishpremier said:
The new normal is for mobile-first banks to not charge anything, but Monzo messed that up.

How so? I thought it was free with monzo up to £200 in a rolling 30 day period?

Narj · 3 Jun 2018 at 00:41

Revolut customer service is absolutely appalling. I had a card sent through and they failed to associate it with my account after several days as the app kept throwing up errors.

I've given up on them - it's like Virgin media first line scripted support.

I used Starling instead. No issues and a competitive rate.

englishpremier · 3 Jun 2018 at 07:18

azibux1 said:
How so? I thought it was free with monzo up to £200 in a rolling 30 day period?

Which is a backtrack on their original promise. Better than nothing, but £200 doesn't go far when travelling abroad. You'd be better off with Starling that has committed to fee free foreign currency, Metro in for EU travel, or a specialist credit card. Bear in mind that in many countries you need cash and simply cannot pay for everything with a card at the POS. I'm not talking smaller countries either, Germany for example is still a massively cash bashed economy.

Jimbeam3678 · 3 Jun 2018 at 07:41

englishpremier said:
I'm not talking smaller countries either, Germany for example is still a massively cash bashed economy.

I’ve travelled Germany quite well and never had a problem using my card over there. Sure a few funny looks but they still take cards. Credit cards are scarce over there mind.

Even on Greek islands they take cards now, majority of countries I’ve been to take cards no problem. Sure there are exceptions Taiwan for example in some of the smaller towns I struggled a little bit. Overall though cards have served me very well in recent years.

garnett · 3 Jun 2018 at 07:47

Psycho Sonny said:
why not? it's the best way to do it abroad

I get the impression (from mse, which always seems the best place for this sort of advice) that the Barclaycard Platinum Travel credit card is better.

Very good rates, no need to pay it off until next month's bill, no interest charges if you pay it all off.

Minstadave · 3 Jun 2018 at 08:52

Travelled Dubai/NZ/Singapore last month with just £100 in each’s currency for Taxis and everything else on a Revolut card. Flawless throughout.

DJ85 · 3 Jun 2018 at 17:21

does anyone use this?

With the recent TSB issues I’m thinking of switching current accounts.
Is is as good a service as it makes out on the website?

RJC · 3 Jun 2018 at 17:26

Merged with main thread.

DJ85 · 3 Jun 2018 at 17:28

Thanks

garnett · 3 Jun 2018 at 17:35

RJC said:
Merged with main thread.

@RJC ... It'd be great if the merged thread op had the thread topic title and - "merged" on in bold at the top of the post body text.

Ive not seen this in any forum, but I've always thought it'd be handy ...

DJ85 · 3 Jun 2018 at 17:44

I’m looking a switching my current account to starling

RJC · 3 Jun 2018 at 18:04

David Flett said:
Thanks

No probs

garnett said:
@RJC ... It'd be great if the merged thread op had the thread topic title and - "merged" on in bold at the top of the post body text.

Ive not seen this in any forum, but I've always thought it'd be handy ...

I shall ask as see if this is possible.

Kol · 3 Jun 2018 at 19:20

MichaelAwkward said:
Does anyone know if Revolut automatically send a new card out when the current one expires? Or do you have to pay £11.99 to get one delivered?

I only ask because mine expires early next year, but it's an earlier non-contactless one and I'd like to upgrade, but if they send it out for free I might as well wait.

If it's anything like when I lost my card last month (free account), I only paid 55p for a replacement.

garnett · 3 Jun 2018 at 20:19

David Flett said:
I’m looking a switching my current account to starling

I've opened one for an imminent holiday

Opening it was easy; the card arrived within days ;the app seems excellent.

I tried transferring money to it from my existing account and got notification from the app almost too soon after clicking, "Send"

Got another notification about some minimal monthly interest the account accrued.

Early days, but encouraging so far.

DJ85 · 3 Jun 2018 at 20:39

I think I might open one for my holiday and see how it goes and then make the switch I spoke to customer services as I’d actually need a job. Account and they said that they should have it all up and running by the end of the year so that sounds good.
Only other thing is that my wife thinks

“what if I need to go into the bank for something?”

Must have a good customer service, I’ve only been in a few times to deposit cash so how would that work if you were using it as your current account