Revolut

[JuniorLion]

I dun have the metal card but the website clearly says "1% cashback in any supported currency on all your spending abroad"
https://www.revolut.com/en-SG

Yeah, I know. I am just wondering if 1% also counts if you spend SGD.

 

[ocs_woodlands]

Some banks charged RM5 for incoming TT.

thanks. this likely accounts for it. with that MYR5, the exchange rate will be quite normal about 3.01..
.

 

[sanzhu]

Mastercard died fast

 

[sacredrays]

Need some explanation/advice from you all...

I tried to send some money to a M'sian Bank account.

I sent SGD$20. The person only received MYR$55+. That translates to a crazy rate of about SGD1=MYR2.75.

There is surely some hidden minimum charges, i think. Anyone knows why the rate is so terrible?

if you send in sgd to msia (i assume its a myr denominated account), i would guess that they have a fee for receiving foreign currency as well as using their own bank's forex rate.

 

[redhotchillipadi]

thanks. this likely accounts for it. with that MYR5, the exchange rate will be quite normal about 3.01..
.

i work in bank.

TT definitely have charges.

no such thing as free incoming

 

[xxdoobxx]

if you send in sgd to msia (i assume its a myr denominated account), i would guess that they have a fee for receiving foreign currency as well as using their own bank's forex rate.

Furthermore, most banks convert all transactions to USD first then to the denominated currency. So SGD>USD>MYR.

Plus TT rate is not good. If you average at 3% per conversion, will hit around the rate you mentioned

 

[xxdoobxx]

i work in bank.

TT definitely have charges.

no such thing as free incoming

Bank of China got free incoming on certain currencies though. Although I understand from the bank's back end sure got some fees ah

 

[efreelancer]

Today I got Transfer Refund (ie bank transfer to my own scb savings account) are not successful. Anyone kena as well? Not sure if it is another method by revolut to hold our money. Previously bank transfers to own account no issues.

 

[Trazora]

Today I got Transfer Refund (ie bank transfer to my own scb savings account) are not successful. Anyone kena as well? Not sure if it is another method by revolut to hold our money. Previously bank transfers to own account no issues.

Has your account been "limited"

 

[compro_1975]

Last call to get your free SGD10 rewards as most of the links are gonna expired soon.


https://revolut.com/referral/yongchkdc6!G10D21

Clicked but nothing came out...

 

[ahhian]

2 digit. Haha, how long have you been waiting? The queue is moving slower than a sloth

Metal card still not available in Singapore yet. Currently in a 2 digit queue, will update when its rolled out.

 

[bornfree]

Sign up with my link and get 10 SGD after your first purchase with your free Revolut card. https://revolut.com/referral/jamescjl1!G10D21

 

[Seedbox]

2 digit. Haha, how long have you been waiting? The queue is moving slower than a sloth

The queue is not even moving at all. You get bumped up due to people removing themselves from the queue.

 

[Aion99]

how and where to spend the $20 to get the $10 rewards?

Anywhere that can accept Visa Card.

 

[Aion99]

Clicked but nothing came out...

You need claim it by enter a phone number. Could be browser issue. Maybe you can copy the link and paste it into Chrome?

 

[efreelancer]

Has your account been "limited"

Previously limited but had already been verified. After verification can top up and cash out. But recently cash out to my own bank accounts were refunded back twice into own revolut wallet.

Just wondering how do close the account if needed?

 

[Luffyace]

I just topped up revolut and do I have to convert to any currency before using when travel to overseas? Or just pay using the card and it will auto convert to the local currency?

 

[bryanzhi1]

I just topped up revolut and do I have to convert to any currency before using when travel to overseas? Or just pay using the card and it will auto convert to the local currency?

You can do either, but I would advise changing before the weekends, as there is a markup during the weekends.

 

[JuniorLion]

Previously limited but had already been verified. After verification can top up and cash out. But recently cash out to my own bank accounts were refunded back twice into own revolut wallet.

Just wondering how do close the account if needed?

You were abusing it. So they refund it. You close account by spending everything, then end.

 

[redhotchillipadi]

Bank of China got free incoming on certain currencies though. Although I understand from the bank's back end sure got some fees ah

Bro boc sg will have free incoming sgd and perhaps hkd cny

For sg banks typically only free sgd. Technically they can waive usd if you have a rm.