There’s a thread in another place on this
https://community.fintechtalk.co.uk/t/using-revolut-as-a-main-account/3326?
Better to ask what it’s not got, which is FSCS protection primary but also no cheque and cash deposit facilities.
If it had especially the FSCS I think quite a few would consider it a serious contender for Monzo.
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As a non revolut user i think this is the only thing that monzo can argue puts it ahead of revolut.
Once that comes to revolut itll be hard to argue why monzo beats it out
Agree, app and functionality especially virtual & disposable cards, INSTANT access savings pots and kids accounts is ahead of Monzo in my view. I’ve stated elsewhere my view that Monzo’s virtual cards were launched half-baked.
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What’s the difference between the virtual and disposable cards?
Are they on the free plan?
£4.99 for delivery of the standard card? £18 for express delivery which only gets to you one day earlier?
I daren’t go back in to check in case I order it by mistake!
I paid £4.99 for ‘delivery’ of my last card. Whatever happened to economies of scale? Plus I hate the other 3 colour choices. And I don’t want to upgrade to the £6.99 plan.
Do any other banks, either fintech or mainstream, charge for replacement cards? By replacement, I don’t mean due to loss or damage, but just in the normal scheme of things due to expiry or bank decision.
Curve charges you for your physical card now.
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And Monese; £4.95 on the free plan.
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In my opinion lack of disposable cards and inability to add individual cards to Google Pay.
Can’t you go back into the original transaction on Revolut and it will show you the last four digits?
Further to my earlier post, the chat/support option is much easier to find on the new web interface.
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Revolut moving into the payment processing business.
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Here’s one I made today on a disposable card - see screenshot.
Also - inability in Monzo to freeze individual virtual cards.
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This seems pretty smart to me.
Encourages people to get a Revolut business account, reduces the cost of their rev me feature, provides an additional revenue stream, and potentially provides free advertising (since I imagine it’ll say “Revolut” somewhere when customers use the feature).
I’m going for a mortgage soon so asked Revolut if there is a hard search when opening an account. There isn’t a straight answer to be found anywhere and this response couldn’t be any more vague! There’s a disclaimer somewhere which says a search will be performed…but people online state that there isn’t…
‘If you’re registered in UK, then there shouldn’t be such, but we can’t promise anything in that field!’
It gets even more bizarre!!!
Q 'I mean with most e money accounts it’s a soft search or an ID check not a hard check application. It’s weird that this can’t be confirmed or denied? ’
A ‘If the authorities reach out to us about it, then we’ll give them info. We’re not giving it voluntarily. :)’
Soft search just to check you name, DOB, address.
Hard check for credit applications only… or some banks run hard search to quote overdraft… Revolut can’t
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That’s what I’d have thought, but given its seemingly apparent it’s strange it isn’t worded anywhere/their employees can’t confirm or deny it
Being as my Revolut account doesn’t appear anywhere on my three credit reports, I’d say that means there’s no ‘hard search’, obviously.
‘Hard search’ is just another way of saying “we let other lenders know you’ve applied, and we’ve conducted due diligence, for an account.”
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Are there any particularly nuanced things you use Revolut for, over say another fintech like Monzo on one hand or a high St bank on the other?