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Monzo/Starling Banking/Revolut

Discussion in 'General Discussion' started by JunglistE, Aug 4, 2017.

  1. Kemik

    Mobster

    Joined: Nov 7, 2005

    Posts: 4,698

    Location: Widnes

    You really need a local bank rather than a UK one you're going to use in Sweden every day.
     
  2. neil_g

    Sgarrista

    Joined: Dec 9, 2007

    Posts: 9,860

    Location: South Hampshire

    Not massively clear to be honest. Their support weren't much help either.

    "we were unable to verify the account details you have given us. It's difficult to see exactly why this is, as we assess various data points with our partnering credit reference agency, TransUnion (formerly Callcredit), to do so."
     
  3. Efour

    Capodecina

    Joined: Sep 8, 2005

    Posts: 24,499

    Location: Norrbotten, Sweden.

    err ok thanks, checks Swedbank account he has had for 6 years, ok yep

    So back to the question.

    my current limit on a free revolut is 3000kr (or local currency) per month from ATMS. id like to keep that as its nice to have cash in backwards societies like the UK :p
     
  4. mohawk

    Wise Guy

    Joined: Oct 2, 2007

    Posts: 1,340

    Location: Winchester

    Pretty sure starling bank is what you are after. they allow £300 per day

    "You can make up to six withdrawals per day, with a maximum total withdrawal per day of £300."

    EDIT - Maybe not as you have to have a uk address :/
     
  5. Maccy

    Commissario

    Joined: Nov 23, 2004

    Posts: 35,169

    Location: Back in Blighty

    @Efour have you tried contacting Revolut and seeing if you can get the limit increased?
     
  6. Dunks

    Sgarrista

    Joined: Oct 31, 2004

    Posts: 8,568

    Location: London

    Signed up to Starling bank on Tuesday morning, still waiting to hear back on verifying my details.

    Has it taken others this long?
     
  7. String

    Capodecina

    Joined: Jan 6, 2013

    Posts: 11,641

    Yes, maybe another day or so.
     
  8. Dunks

    Sgarrista

    Joined: Oct 31, 2004

    Posts: 8,568

    Location: London

    Cool, just a bit worried as I haven't shaved in a while, in the video, and clean shaven in my passport photo :D
     
  9. Basher

    Soldato

    Joined: Oct 18, 2002

    Posts: 7,220

    He's asking for alternatives to Rev, not an increase in the limit.
     
  10. Maccy

    Commissario

    Joined: Nov 23, 2004

    Posts: 35,169

    Location: Back in Blighty

    I know, I'm suggesting an alternative...
     
  11. Efour

    Capodecina

    Joined: Sep 8, 2005

    Posts: 24,499

    Location: Norrbotten, Sweden.

    I'm actually very happy with the setup as it is, its just I have trust issues with revolut, whether or not they are grounded in reality or just my paranoia, is another story.
    Yes i have heard they are very accommodating at requests so that was a good tip. Its all good.
     
  12. EVH

    Don

    Joined: Mar 11, 2004

    Posts: 26,624

    I need the ability to have more than 1 account or "pots" that I can set up direct debits in. None of the e-banks seem to offer this... :(

    I've signed up to Monzo, Revolut and Starling but they only have dumb pots or "goals" that only allow standing orders in or out. Looking at the roadmap, the feature is always "coming...." and I'm fed up of waiting. Likewise, you can only seem to open 1 account with each, which defeats my plan.

    The method I've used with my high street bank is listed below. I don't want to go back to moving amounts in/out of the main account as I've tried that previously but I can't see a way around it.

    Current account (pay goes here, 15th of each month)
    ¦
    ¦ standing order of x amount gets transferred to 2nd account (16th of each month)
    v
    Bills account (bills go out 1st of each month - could realistically be 17th but meh :p)
     
  13. Efour

    Capodecina

    Joined: Sep 8, 2005

    Posts: 24,499

    Location: Norrbotten, Sweden.

    Damn, i just looked over 3 alternatives and Revolut really is a good service for me...
    I better come to terms with my demons :p
     
  14. Kemik

    Mobster

    Joined: Nov 7, 2005

    Posts: 4,698

    Location: Widnes

    Anything you can do using IFTTT? Monzo supports that service. People have set it up to do alsorts of weird and wonderful things. E.g. switch light on and move 1p from one pot to another.
     
  15. Basher

    Soldato

    Joined: Oct 18, 2002

    Posts: 7,220

    I thought his issue is the 'shadiness of revolt', not ATM limits ...
     
    Last edited: Feb 7, 2019
  16. SPG

    Soldato

    Joined: Jul 28, 2010

    Posts: 5,345

    Its interesting how everyone manages money different, I went down the road of multiple accounts for various things and just way to much hassle.

    Acc 1 wages in bills etc
    Savings (various) moved from acc 1
    AMEX (gets used for everything) paid from acc 1 (Cashback & Miles)

    (cash account, used for cash withdraws only and the odd transaction where Amex doesn't work) set amount transferred from acc 1 each month
     
  17. Basher

    Soldato

    Joined: Oct 18, 2002

    Posts: 7,220

    Agreed - lots of hassle.

    I just put everything into Santander (we have 3 123 accounts), use cash back credit cards and Revolut for travel/stock
     
  18. Hyburnate

    Capodecina

    Joined: Jul 29, 2011

    Posts: 14,230

    Location: NN4

    It is very interesting.

    I'm currently with First Direct (recently switched and didn't see HSBCs offer which was better @ £150!) and have a Starling account for spending.

    Standing order for my monthly allowance into Starling.

    I do need to look at a proper (somewhat high interest) accessible savings account for my emergency fund as I was building this with Natwest but I don't think I get the bonus anymore :(

    No credit card use anymore :)
     
  19. SPG

    Soldato

    Joined: Jul 28, 2010

    Posts: 5,345

    Yes i use the above just to try and isolate the current account from outside influences (never used online/shopping etc), Had a bit of scare a few years with using the current account for everything (aside from savings) and while everything was ok in the end but it was PITA to sort out. So now it just a holding pot for DD/SO etc and paying off the AMEX in full each month via DD.

    Why would you not use a CC though, massive amounts of protection (if your buying stuff off the internet with debit card or paypal you need to look into it more), some nice benefits, cashback on every purchase, miles depending on what is important to you.

    Now if your not the type of person who is responsible enough to track your spending throughout the month & budget, you see 20k limit as free money then yes, maybe a CC is not for you :)

    Otherwise your missing a trick really.


    Oh and starling still need to OFX !!!
     
    Last edited: Feb 8, 2019
  20. LeeUK

    Mobster

    Joined: Mar 1, 2008

    Posts: 4,561

    Well my Starling account reports to my Noddle credit report which I understand is TransUnion/Callcredit.