I’m not sure they will ever get a banking license here, from memory they’ve been waiting 3-4 years for this and there’s evidently some issue that isn’t being fixed/solved.
They said last year it was pretty much round the corner/about to happen and it hasn’t. In that time Chase has come in and set up, whilst it has been here before and is a huge US bank, they seem to have easily ticked all the boxes.
Given the slower nature other banks and fintechs have come up with credit products in the mean time I can’t see mortgages coming from
Revolut other than with a 3rd party provider perhaps
New design virtual cards.
Only the virtual cards for sole accounts are shown in app at the moment (for me), not joint.
But the Apple Pay card has updated so I assume the Joint account and maybe Credit, Pro and other cards have an update too
If they didn’t offer such a fantastic exchange rate for moving lots of currency around, I still wouldn’t use them for anything serious. I hope you get this resolved!
I get paid in USD as a contractor and after crunching all the numbers the best rate comes from using Revolut + Metal vs Wise and the percentage it takes. But Wise would be my second choice and I trust them more!
Because the direct debit guarantee is valid on most if not all direct debits, bank or not.
Some also don’t strive for FSCS protection as they can make their own judgement on risk (while not perfect, and no expert, I don’t believe revolut will be going anywhere any time soon, if at all).
that’s pretty shit.
