Revolut

[JuniorLion]

I was informed by the Revolut chat agent that for Revolut SG accounts, regardless of currency or destination country, transfers out are via SWIFT, including for local SG/SGD to SG/SGD accounts. It is also not eligible for SEPA even if the transfer is in EUR to SEPA-supported countries. That's not very efficient and incurs expensive SWIFT fees.

Revolut doesn't charge any outgoing fees.

 

[x_men_naruto96]

Revolut doesn't charge any outgoing fees.

receiving by SWIFT got handling fee right? No?

 

[dhwang_best]

For me, I just insert the card to the POS and just press “Enter” button on the POS when it requires to key in PIN

The the Contactless function has been enabled

Just received the card. How to use PIN to make a first payment? By chip or swipe, then it will ask me to key PIN?

 

[Spk307]

I was informed by the Revolut chat agent that for Revolut SG accounts, regardless of currency or destination country, transfers out are via SWIFT, including for local SG/SGD to SG/SGD accounts. It is also not eligible for SEPA even if the transfer is in EUR to SEPA-supported countries. That's not very efficient and incurs expensive SWIFT fees.

Why are you worried about what system Revolut uses? The question should be “what does Revolut charge you?”

 

[JuniorLion]

receiving by SWIFT got handling fee right? No?

Yes, $10 charged by DBS for receiving via SWIFT.

 

[linuskltan]

Why are you worried about what system Revolut uses? The question should be “what does Revolut charge you?”

Well the incoming fees would also matter if the beneficiary account is either your own or your relations, hence aim is to minimise total fees.

 

[x_men_naruto96]

Well the incoming fees would also matter if the beneficiary account is either your own or your relations, hence aim is to minimise total fees.

Yes, $10 charged by DBS for receiving via SWIFT.

Oh well. I guess tranfering out is not worth it though

 

[Joseph99]

Yes, $10 charged by DBS for receiving via SWIFT.

What the amount that you transferred to dbs account ?

 

[888888888888]

yep whats the amount?
in some instances can consider and better than thru paypal/neteller.

 

[AMD_FREAK]

Which CC can I use to top up Revolut to earn miles? If you're not comfortable in posting here, can DM me

 

[kkcheng77]

What the amount that you transferred to dbs account ?

Think its fixed rate. My UOB charges incomming remittance fee of $10 too for a $3K plus transfer

 

[zumaba]

Jialat. I tried to send $30 to my DBS a/c, would only get $20?

 

[Joseph99]

Think its fixed rate. My UOB charges incomming remittance fee of $10 too for a $3K plus transfer

thanks. do you know is there a limit to how much i can transfer to local bank ? i tried looking at the FAQ at revolut page but no answer at all

 

[AlvinDj]

Interesting competitor to Youco...

Any other platform similar to this Revolut and Youco that is this competitive as well ?

 

[fantas1a]

GrabPay prepaid Mastercard
Transferwise

All are targeting the same slightly younger crowd with slightly different messaging...people who value good FX rates, instant control and notification of their tx, and limited exposure in case of loss of cards/accounts as compared to debit/credit cards.

There are interesting things that can be done. Things like transfer money from card to card easily, tight integration with mobile... Tx at fingertips...

Overall, because of top up nature and mobile integration, users have a first hand experience over their finances and their flow, as compared to a credit/debit card experience where one just keeps swipping and accumulate points and transactions don't often appear until few days later.

Love it.

Interesting competitor to Youco...

Any other platform similar to this Revolut and Youco that is this competitive as well ?

 

[ottaro]

Jialat. I tried to send $30 to my DBS a/c, would only get $20?

wonder on the same question. have you received it on ur DBS account?

 

[Hive]

I tried withdraw S$20 via swift, it takes 3 working days to credit. received S$20 no charges in my POSB saving a/c.

 

[Verbatin]

so fast? I tried withdrawing and today is the 7 day and still haven't receive money in my posb yet.

I tried withdraw S$20 via swift, it takes 3 working days to credit. received S$20 no charges in my POSB saving a/c.

 

[Sambuca78]

I got enroll into Revolut, topped up $20 and requested for a physical card.

However it doesn't stop you from requesting additional physical card? So we can have 2 or more physical cards?

Yes the name printed is your Full Name as per your account details. I had to request the in-app help to change my account name to my Preferred Name and they cancelled my ordered (but not shipped) card and had the card re-ordered in order to ensure my Preferred Name is the one that printed.

in-app help as in the ChatBot? I tried but not responding leh.

 

[nekoarc]

However it doesn't stop you from requesting additional physical card? So we can have 2 or more physical cards?
:

I requested 2 cards when I activated the account and haven't been charged for it.

The original version in their FAQ https://www.revolut.com/en-SG/help/...ting-a-physical-card/ordering-a-physical-card said each additional card costs $5, but that text is gone now.