No problem doing that here either.
You’re at more risk here (where they still don’t have a full banking license) than say, the EU.
I rather have security of a fully licensed bank than a flashy app with an EMI.
If you’re concerned about the fall of Revolut then yes, but I am not.
Not anything to do with their relaxed approach to crypto…?
2 Likes
What relaxed approach?
I see more people moan about crypto reviews than account reviews not related to crypto.
Nothing relaxed about it unless you’re being sarcastic.
I only ever see people moan about Crypto and Revolut on Reddit ha.
Exactly, due diligence.
Definitely not relaxed.
1 Like
I was comparing it with the likes of Chase, who block crypto payments.
Rev do have a bit of a reputation for being crypto friendly… 11 Best Crypto-Friendly Banks in the UK - 2025 Insights
I didn’t get the reference to the conversation.
Because there may be a gap in the market for private banking that allows whopping crypto transactions, and that might be why Rev are keen to offer something.
Oh.
Or just shooting for gold, higher deposits, increased revenue, profit profit profit.
Most people here are more interested in premium card offerings rather than in the backend operational structures of too-big-to-fail banks. There have been interesting developments in both as UBS/CS continues their integration efforts.
First, American Express will buy Swisscard from UBS. Amex probably has big plans for the division, and it could effectively turn into the new main booking centre for servicing global HNW customers in the same way the Brighton operation used to be before Brexit hit and they stopped taking new clients. Swisscard has already started issuing Platinum & Centurion cards in USD/EUR/GBP and the rational thing to do is transfer ICC over to Swisscard. Visa/Master companion cards will also be kept - I definitely did not have Amex issuing Visa cards on my bingo card before the US credit card competition bill accidentally got passed as a budget amendment appendix.
On the regulatory side - looks like UBS is planning some logistically challenging cross-ring-fence clients yeeting in both directions.
Ex-Credit Suisse UK wealth management clients will have their cash and assets under custody transferred from the UK ring-fenced bank Credit Suisse (UK) Limited into UBS AG under a High Court sanctioned transfer scheme. However, Lombard loans and derivatives agreements will need to be resigned. Their documentation team would be extremely busy – I wouldn’t be surprised if they try to offboard some trading relationships, given UBS London rarely had any direct access clients while CSUK dished those out like candy.
The inverse is happening in Zurich. All former CS private banking customers will have their relationship thrown into the Swiss ring-fenced bank irrespective of their country of residence.
CS originally placed their wealth management customers in the main Credit Suisse AG rather than Credit Suisse Switzerland. Eventually, some accounts were allowed to be opened in CS Switzerland, but they never winded down the book at the parent bank.
In contrast, virtually all of UBS’ Swiss operations fall under the ring-fenced UBS Switzerland AG. The main bank, UBS AG, was effectively headquartered in London despite being domiciled in Basel and Zurich - this was evident in UBS’s loss absorption agreement with the Swiss government when they outright left their Broadgate office as the address to service notice
1 Like
I’m not sure I understand half of what is happening, but the interesting points here would be Visa/MC co-branded Amex cards, and new Amex ICC cards. They’ve shut the latter down in the UK a while ago, and I can’t see them bringing them back. I imagine co-branded cards would be a US thing too.
1 Like
I’ll say one thing.
In the US the AMEX Platinum and the AMEX Centurion is not a special card anymore. Everyone has got the Platinum now and the Centurion isn’t that special because loads of Businesses give them out.
Around Washington I would see a couple Platinum Cards and a Centurion daily.
The cards in the US that get looks are:
CitiBank Private Client - $5 Million Net Worth Needed
JP Morgan Wealth Management - $10 Million Net Worth Needed
Goldman Sachs - $10 Million Investment Needed with Goldman itself.
Morgan Stanley Wealth Management - $2 Million Net Worth Needed.
2 Likes
The Platinum isn’t special here either. There are a bunch of private banks with histories longer than the US has even existed, but the poors don’t know about them generally.
And – just my perception – but because in the UK the class system is very much alive and well, you don’t see those people out and about with their cards much at all.
I’ve only seen one Coutts card in all my years, at a village fete in a rather well off Oxfordshire village.
5 Likes
Wow, Rare to see a Coutts card then!
I do think that the Private Banking sector in the UK has a lot more character then the US does. Some of the Private Bank branches and buildings are beautiful and the service they offer from my research is much better then the US.
I know that their is a Coutts Branch here in Bristol so maybe might see a Coutts card. Doubt it though
For reference I’ve never seen one in person and I am guilty of seeing what cards people use when I’m out and about.
1 Like
It’s so garish that it lights up like a beacon and really draws the eye from a mile away. It was far away but if you know what it looks like because you’re one of the select few or because you’re into banking, you’ll be able to tell instantly.
You’ll see a lot of mass affluent / Premier type cards, but private clients really do move in different circles to the plebs.
4 Likes
My previous employer banked with Hoare & Co. Disappointingly the corporate credit card was standard RBS.
I’ve only seen two others people use Coutts Cards, apart from myself.
One was a Client paying their invoice at our office and I happened to be in the vicinity when they were being dealt with.
The other was at a cafe near my office.
It’s the bright colours that catch people’s eyes mostly I find. It did used to be fairly understated, which I preferred when it was white in colour.