Revolut

[fairylord]

Revolut is a UK unicorn (valued at over $1 billion) company that is popular with travellers in Europe.

YouTrip is a local company that uses EZ-Link and Fevo as part of their backend infrastructure.

The past few times I checked (once a day for 3 days), Revolut had a better exchange rate than Youtrip for all currencies that both support.

E.g. right now for S$1
Revolut YouTrip
US$0.7251 US$0.7229
EUR0.6565 EUR0.6548
A$1.0692 A$1.065

But don't forget that Revolut charges % fees for exchange beyond 'market hours' and if you change 'high frequency' whatever that means. https://www.revolut.com/legal/fees/#exchange

I just ordered the Transferwise debit card, and await the AirAsia debit card more competition will hopefully bring back the early days of Deliveroo/UberEats/Honestbee/Food Panda or Uber/Grab fighting for market share.

Is ATM withdrawal during weekend get charged the fee beyond FX market hour?

 

[revhappy]

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.

My card was supposed to arrive today, but didn't arrive. Is it regular mail or courier?

 

[confused]

$400 max for me..

How you found out that $400 is max, after you submitted your OTP for the credit card transaction already or even before you reach the OTP stage?

 

[linuskltan]

My card was supposed to arrive today, but didn't arrive. Is it regular mail or courier?

I'm not sure cuz I wasn't the person receiving it. But I believe it should be normal mail, otherwise there would be tracking number no?

 

[hq83]

How you found out that $400 is max, after you submitted your OTP for the credit card transaction already or even before you reach the OTP stage?

For me is a card which already added. After I enter the amount it just prompt me

 

[boiboi123]

I speculate that account creation is done during their working hours (UK company), and that someone actually needs to run the script to activate X number of accounts, since they'd probably want to limit the number of people in Beta to test water first.

Mmm yes that’s true. Is there any way to contact them? Can’t seem to find anything on their website. Calling only to deactivate card

 

[kkcheng77]

For me is a card which already added. After I enter the amount it just prompt me

16th Sept I top up $700. Went thru leh..

 

[888888888888]

Youtrip can withdraw, but not in SG.

Not sure about Revolut.

But Revolut can do bank transfer, too. Not sure how expensive it is.

Can withdraw funds out to online bank accounts? Just got on today, will try after submit ic.

 

[confused]

For me is a card which already added. After I enter the amount it just prompt me

I see, for fun I entered 30,000 and then next to enter your CVV before the OTP stage, no prompt.

 

[kkcheng77]

Can Revolut receive USD from US individual or Companies? I have employee stock option from Fideilty and have client in US for some freelance work. So far I am using Telegraphic Transfer. Was thinking is there other cheaper option...

 

[fr33d0m]

Can Revolut receive USD from US individual or Companies? I have employee stock option from Fideilty and have client in US for some freelance work. So far I am using Telegraphic Transfer. Was thinking is there other cheaper option...

maybe cheaper to use transfer wise.

Revolut may go through SWIFT, which is more expensive.

 

[kkcheng77]

maybe cheaper to use transfer wise.

Revolut may go through SWIFT, which is more expensive.

Thanks. I have transferwise. Used it once to pay a travel agent bank account in malaysia. I didn't know it can recieve money.. Will figure that out later. Thanks anyway.

 

[confused]

Thanks. I have transferwise. Used it once to pay a travel agent bank account in malaysia. I didn't know it can recieve money.. Will figure that out later. Thanks anyway.

I have used transferwise to receive USD before so it works.

Another service is worldfirst, I don't use it myself but I have heard that it can be used to receive foreign monies and is generally more competitive if you are transferring big amount.

 

[vegavega25]

Can withdraw funds out to online bank accounts? Just got on today, will try after submit ic.

The issue with prepaid cards such as Revolut and TransferWise, and even DBS MCA multiple currency wallets is the issue of money 'left behind' after cash withdrawals or spends abroad. A few cents/dollars in a foreign currency or two, is pittance you would argue, but I find it super annoying.

I suppose the solution is to convert it to SGD and then spend it via the chip-and-PIN method at a merchant?

 

[JuniorLion]

Has anyone tried transferring money into MCO using Revolut?

 

[sacredrays]

Has anyone tried transferring money into MCO using Revolut?

i think got someone who did it, need ask him on the mco thread. anyway, they say they gonna have easier sgd fiat deposit in oct, so a bit pointless to do it this way if they implement it next month.

 

[888888888888]

The issue with prepaid cards such as Revolut and TransferWise, and even DBS MCA multiple currency wallets is the issue of money 'left behind' after cash withdrawals or spends abroad. A few cents/dollars in a foreign currency or two, is pittance you would argue, but I find it super annoying.

I suppose the solution is to convert it to SGD and then spend it via the chip-and-PIN method at a merchant?

What if is a larger amount? I don’t intend to be spending for that amount, converting to SGD again could be fine.

 

[linuskltan]

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.

 

[fantas1a]

Has anyone managed to do a chip and pin POS transaction in Singapore? We use chip + signature here right? The so called international standard. Lol

I suppose the solution is to convert it to SGD and then spend it via the chip-and-PIN method at a merchant?

 

[dhwang_best]

Just use the chip to do a transaction

Has anyone managed to do a chip and pin POS transaction in Singapore? We use chip + signature here right? The so called international standard. Lol