Revolut

[Reborn]

I was surprise weekend exchange rate lousy for revolut.. Ringgit 3.06, but use revolut become 3.03.. Once finish the $ inside.. will switch back youtrip..

I thought we can do the exchange on a weekday/non holiday and lock the rates before hand?

 

[Reborn]

should compare mastercard fx rate vs visa fx rate for youtrip vs revolut..

so revolut is using visa exchange rates? Youtrip uses mastercard rates? I remember mastercard generally has lower exchange rates for most countries. How come Revolut got lower rates?

 

[Reborn]

Wah why got commission one...so complicated. Might as well use Youtrip? Simple and straightforward

Sent from Stamford Bridge using GAGT

I'm confused. The commission you mentioned is the 1% commission on weekends right?

 

[bringit]

I thought we can do the exchange on a weekday/non holiday and lock the rates before hand?

You can only exchange between the following currencies in advance:
AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SEK, SGD, THB, TRY, USD, ZAR

Source: https://www.revolut.com/en-SG/help/...rrencies/exchanging-money-via-the-revolut-app

 

[Reborn]

You can only exchange between the following currencies in advance:
AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SEK, SGD, THB, TRY, USD, ZAR

Source: https://www.revolut.com/en-SG/help/...rrencies/exchanging-money-via-the-revolut-app

No wonder. Thanks for the info.

 

[silverbomb]

so revolut is using visa exchange rates? Youtrip uses mastercard rates? I remember mastercard generally has lower exchange rates for most countries. How come Revolut got lower rates?

Revolut does not use Visa rate, it's on Interbank exchange rates. when you open the app to perform FX exchange (e.g. SGD to AUD), you will see the live fluctuation on the rates in the millicents.

https://blog.revolut.com/understanding-the-interbank-exchange-rate/

 

[Reborn]

Revolut does not use Visa rate, it's on Interbank exchange rates. when you open the app to perform FX exchange (e.g. SGD to AUD), you will see the live fluctuation on the rates in the millicents.

https://blog.revolut.com/understanding-the-interbank-exchange-rate/

No wonder. So Revolut uses interbank exchange rates and Youtrip uses mastercard rates right? Hence generally Youtrip has higher exchange rates not including weekends or public holidays(based on UK days)?

 

[jagr]

any UOB one account holders? want to find out if topping up revolut can qualify for the bonus interest as the account requires minimum $500 cc spendings monthly to qualify.

 

[tweeety]

No wonder. So Revolut uses interbank exchange rates and Youtrip uses mastercard rates right? Hence generally Youtrip has higher exchange rates not including weekends or public holidays(based on UK days)?

so if i go oversee, i should bring revolut and YT overseas?

But is there withdrawal fee charge for revolut?

YT is charging SGD 5 per withdrawal on top of the atm charge (if any).

 

[ranchfarm]

Any one tried Singtel Dash to Revolut transfer and does it work?

 

[AlvinDj]

anyone tried withdrawing funds back to OCBC? Any incoming $10 TT charges?

 

[coranyge]

no. all top up cards are excluded as eligible spending

any UOB one account holders? want to find out if topping up revolut can qualify for the bonus interest as the account requires minimum $500 cc spendings monthly to qualify.

 

[Reborn]

so if i go oversee, i should bring revolut and YT overseas?

But is there withdrawal fee charge for revolut?

YT is charging SGD 5 per withdrawal on top of the atm charge (if any).

Hope some experts can answer you. I seem to remember you can draw up to $350 or somethings with no charges for revolut.

 

[Reborn]

Any one tried Singtel Dash to Revolut transfer and does it work?

I think only bank cards top up works. So probably prepaid debit doesn't.

 

[iduncheckmail]

I think only bank cards top up works. So probably prepaid debit doesn't.

GPMC works, that is also prepaid debit.

 

[silverbomb]

so if i go oversee, i should bring revolut and YT overseas?

But is there withdrawal fee charge for revolut?

YT is charging SGD 5 per withdrawal on top of the atm charge (if any).

Strategy depends on each person's scenario. I would use YouTrip on weekends if i need to swipe credit card for purchases or only when i run out of cash.

Draw all your required cash on weekdays (no fee up to $350 for standard card) if you're on short trips or places that are cashless society (i'm looking at you, Japan) on Revolut.

Yes, SGD$5 is in addition of any ATM fees (if any)

 

[Verbatin]

yes bring both. weekend use youtrip and weekday use revolut
youtrip charge 0.3% throughout the week whilst revolut charge 0.5% on weekend

so if i go oversee, i should bring revolut and YT overseas?

But is there withdrawal fee charge for revolut?

YT is charging SGD 5 per withdrawal on top of the atm charge (if any).

 

[cweihang]

Is there any use for Transferwise debit card, if have both Youtrip and Revolut?

Sent from OnePlus GM1910 using GAGT

 

[Elon Jobs]

Is there any use for Transferwise debit card, if have both Youtrip and Revolut?

Sent from OnePlus GM1910 using GAGT

Nope, TransferWise has the worst rates of the three because they charge a fee. I just used all three cards on a weekday in Malaysia to try out their rates.

 

[Elon Jobs]

yes bring both. weekend use youtrip and weekday use revolut
youtrip charge 0.3% throughout the week whilst revolut charge 0.5% on weekend

I’m surprised that even with the 0.3% markup by YouTrip compared to Revolut on a weekday, I got SGD1 = MYR3.060 for YouTrip and SGD1 = MYR3.061 for Revolut last Friday. Is the reason because one uses the interbank rate and the other MasterCard rate?