Revolut

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manonthemoon2
Posts: 745
Joined: Fri Oct 22, 2021 4:14 pm
Location: Border of 24/46 but closer to 46

Revolut

#1 Post by manonthemoon2 »

Does anyone use Revolut?

For the first time my intention was to trial 20 euros, from CA to a UK bank.

I seem to have got stuck with it telling me I have an amount to exchange but can't work out how to instruct it to do that.

I've used currency fair for years without problems but I find the Revolut app difficult to negotiate. Am I alone?

Wilbro
Posts: 952
Joined: Mon Jul 12, 2021 7:22 pm
Location: Correze

Revolut

#2 Post by Wilbro »

We have switched to Optimal. Better rates than Wise and a very fast transfer of funds. Also without a lot of hassle when registering.

elsie
Posts: 791
Joined: Tue Jul 13, 2021 11:11 am

Revolut

#3 Post by elsie »

manonthemoon2, see

suein56
Posts: 1118
Joined: Wed Jul 28, 2021 6:16 pm
Location: southern Morbihan

Revolut

#4 Post by suein56 »

Wilbro wrote: ↑Sat Jun 01, 2024 11:59 am We have switched to Optimal. Better rates than Wise and a very fast transfer of funds. Also without a lot of hassle when registering.
Sorry, I don't mean to divert or hijack this Revolut thread but ..
Sounds interesting Wilbro .. could you give an example of their fees and the time the transfers take ?

rabbit
Posts: 706
Joined: Thu Sep 02, 2021 5:38 pm
Location: 56 Morbihan

Revolut

#5 Post by rabbit »

There are two actions to undertake
1 exchange
2 send the money
To exchange select the currency you wish to exchange from and to. Key in the amount. You then review the order and if you are happy press sell.
To send to your U.K. bank go to the Home Screen and select payments at bottom middle of screen. You need to set up the details of the bank you are sending to so press + at the top right and add your bank details and when created select the account and press send.
It really is easy and is worth persevering. I use it frequently

Wilbro
Posts: 952
Joined: Mon Jul 12, 2021 7:22 pm
Location: Correze

Revolut

#6 Post by Wilbro »

@suein56
After sending funds from my bank the exchange is made and funds sent to our French account within the hour. Fees are presumably taken from an amount from the exchange so no implicit charge shown. I have checked out the transfer rate at the same time on the Wise site and Optimal was always higher.

glazedallover
Posts: 478
Joined: Thu Mar 30, 2023 10:00 pm
Location: Allier

Revolut

#7 Post by glazedallover »

Wilbro wrote: ↑Sat Jun 01, 2024 10:33 pm @suein56
After sending funds from my bank the exchange is made and funds sent to our French account within the hour. Fees are presumably taken from an amount from the exchange so no implicit charge shown. I have checked out the transfer rate at the same time on the Wise site and Optimal was always higher.
Very interesting. Just applied for an account so see how it goes.

suein56
Posts: 1118
Joined: Wed Jul 28, 2021 6:16 pm
Location: southern Morbihan

Revolut

#8 Post by suein56 »

glazedallover wrote: ↑Sat Jun 01, 2024 11:51 pm Very interesting. Just applied for an account so see how it goes.
We are skint at the mo after a v recent exchange at an excellent rate .. but will be delighted to read how you get on with your first exchange gao.

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Naylor's Ark
Posts: 159
Joined: Mon Jul 12, 2021 10:34 pm
Location: The very bottom of Indre

Revolut

#9 Post by Naylor's Ark »

Wilbro wrote: ↑Sat Jun 01, 2024 11:59 am We have switched to Optimal. Better rates than Wise and a very fast transfer of funds. Also without a lot of hassle when registering.
Can you put up a link. I can't find "Optimal" anywhere.

Headers
Posts: 778
Joined: Sun Jul 18, 2021 8:43 pm
Location: 47

Revolut

#10 Post by Headers »

I found the website. They are a pure currency exchange company. The difference from wise as far as I can see is they you can hold currency in wise and spend it via a card. It also counts as a ‘bank account’ for French tax purposes whereas Optimal is like HIFX. https://optimalcurrency.co.uk/.Please correct me if I’m wrong.

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