Revolut

[swathe]

My revolut card was able to use online before receiving my card. Just turn on online transactions in the app.

No need any physical activation.

 

[fantas1a]

Just did atm withdrawal in HSBC Malaysia. Exchange rate 3.03. still pending settlement. No charge from HSBC and no charge from revolut.

 

[plexxor]

Any one knows for standard takes how long to transfer back to local bank account?

Sent from Samsung SM-A705MN using GAGT

 

[ave10amk]

Weird.. 6.90/2.28= 3.0263 but the app states 3.03
Youtrip rate 3.0309(pending slight changes)

Looks like youtrip rate was better.

 

[JuniorLion]

Any one knows for standard takes how long to transfer back to local bank account?

Sent from Samsung SM-A705MN using GAGT

5-7 working days thereabouts?

 

[Elon Jobs]

Just did atm withdrawal in HSBC Malaysia. Exchange rate 3.03. still pending settlement. No charge from HSBC and no charge from revolut.

Nice! Are you a standard member? Or premier/metal? Does it make any difference to the charges?

 

[soxwork]

Weird.. 6.90/2.28= 3.0263 but the app states 3.03
Youtrip rate 3.0309(pending slight changes)

Looks like youtrip rate was better.

Could u update us the rate once YouTrip txn is confirmed ?

I notice USD rates for revolut better than youtrip just now.

 

[linuskltan]

Weird.. 6.90/2.28= 3.0263 but the app states 3.03
Youtrip rate 3.0309(pending slight changes)

Looks like youtrip rate was better.

Because your transaction amount is small, the exchange rate differences might not matter due to rounding.

Revolut: MYR 6.90 / 3.0345 = S$2.274 rounds (up) to S$2.28
YouTrip: MYR 6.90 / 3.0309 = S$2.277 rounds (off/up) to S$2.28

 

[ave10amk]

Because your transaction amount is small, the exchange rate differences might not matter due to rounding.

Revolut: MYR 6.90 / 3.0345 = S$2.274 rounds (up) to S$2.28
YouTrip: MYR 6.90 / 3.0309 = S$2.277 rounds (off/up) to S$2.28

Revolut round (up)
Youtrip round (down)

 

[xiaowhois]

have to compare with youtrip final charge

 

[fantas1a]

Standard member.

I'm not sure whether there's any difference between the different tiers.

But as of now, Revolut will be my to go card to do small overseas cash withdrawals for small amounts of up a S$350/month. Compared to youtrip which charges SGD$5 per withdrawal, Revolut will probably have a better effective exchange rate, even if its rate may be slightly worse than Youtrip (yet to be seen though).

With Revolut, one can withdraw small amounts multiple times and there's no need to withdraw a big amount each time in order to maximise the $5 per withdrawal fee for youtrip. Good for small spenders, quick day trips and for usage at fee-free overseas ATMs.

Nice! Are you a standard member? Or premier/metal? Does it make any difference to the charges?

 

[fr33d0m]

Any fee-free ATM in Malaysia?

 

[xiaowhois]

Revolut good for small withdraw per mth while youtrip good for big transaction withdrawn. youtrip had been problematic with their system see revolut isit more stable upon long term usage

 

[hwmook]

have to compare with youtrip final charge

No point, the rate can move for or against you. It doesn't mean youtrip or revolut rate is better. I think both youtrip is using Mastercard rate and revolut is using visa so that's the difference, no need to pick 1 or 2 data point to compare.

 

[fantas1a]

Interesting, is revolut using visa rate? They seem to use the term interbank rate as quoted below, and somewhat vague about the derivation.

"The interbank exchange rate is the dynamic rate at which banks swap currencies between one another. It is a real-time rate, which is why it is constantly changing in our app and website. We receive these rates from third parties, such as Morningstar and Currencycloud."

Yt on the order hand, is a lot more transparent by openly saying MasterCard rate. Think the close to indicative rate can be accessed by:

https://www.mastercard.us/en-us/consumers/get-support/convert-currency.html

Revolut seem to have a broader sources of currencies info though, not sure which is better for consumer.

No point, the rate can move for or against you. It doesn't mean youtrip or revolut rate is better. I think both youtrip is using Mastercard rate and revolut is using visa so that's the difference, no need to pick 1 or 2 data point to compare.

 

[fantas1a]

HSBC no fee. CIMB also no fee. Think Malaysia atms mostly no fees, if there are fees, usually at the final screen before clicking confirm, it will say this ATM will charge a fee of xxx RM

Any fee-free ATM in Malaysia?

 

[hwmook]

Interesting, is revolut using visa rate? They seem to use the term interbank rate as quoted below, and somewhat vague about the derivation.

"The interbank exchange rate is the dynamic rate at which banks swap currencies between one another. It is a real-time rate, which is why it is constantly changing in our app and website. We receive these rates from third parties, such as Morningstar and Currencycloud."

Yt on the order hand, is a lot more transparent by openly saying MasterCard rate. Think the close to indicative rate can be accessed by:

https://www.mastercard.us/en-us/consumers/get-support/convert-currency.html

Revolut seem to have a broader sources of currencies info though, not sure which is better for consumer.

Only those currencies listed in the respective app have their own rates, both youtrip and revolut does not have Malaysian ringgit thus they are likely to be using the card association rates.

 

[fr33d0m]

HSBC no fee. CIMB also no fee. Think Malaysia atms mostly no fees, if there are fees, usually at the final screen before clicking confirm, it will say this ATM will charge a fee of xxx RM

Thanks.

10char

 

[xiaowhois]

anyone tried at indonesia which brand atm no fee?

 

[revhappy]

I wish Revolut had an auto topup feature like ezlink.