Competitor update

Interesting so they’re offering a wholesale rate to individual consumers :thinking:

A couple of things worth noting -

From the Money Saving Expert Article

There are no spending fees, and no ATM fees on withdrawals up to ÂŁ200 or equivalent per calendar month, but a 2% fee applies above that.

Whereas Monzo doesn’t charge for ATM withdrawals (although it does limit withdrawals).

I also did a quick Google search & found this blog with compares the MasterCard rates (N26’s) with Revolut’s & found that in some cases the MasterCard rates will be better & in other’s it’ll be Revoluts. Either way, apparently it’s marginal.

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