Revolut

[nomoneynotalk]

Nope. Yup.

Same as YouTrip. It would be much easier to convert if they have e-wallet for MYR.

 

[oceanicmanta]

Local transfers to Indonesia, India, Malaysia, and the Philippines

Got the email below ... seems like a great feature to have ...

however, no details about fees etc (eg correspondence fee) or limits

can some Platinum members try to get more details & share ... Thanks !

"Hey
Some great news! You can now transfer local currency to local accounts in Indonesia, India, Malaysia, and the Philippines. We know that it’s been a long time coming, but this is fantastic if you have friends or family in any of these countries.

How to make a transfer

Make sure you have the latest version of the app
Tap on the Payments tab
Tap on + New in the top-right corner
Tap on Create new payee and select Bank Account
Make sure you select the right country based on the currency you’re sending
Enter your beneficiary’s details (name, address, account details, and any extra fields required)

A heads up on restrictions *

As you may know, IDR, INR, MYR and PHP are restricted currencies by their respective governments, meaning that you can’t send these currencies to countries other than Indonesia, India, Malaysia, and the Philippines, respectively.

It also means that you can’t hold these currencies as balances. When making the payment, you will need to have funds from an existing balance in another currency.

That might seem a little confusing, so here’s an example:

     You can send INR to India

     You can send any other supported currency to India

     You can not send INR outside of India

Due to demands from local governments, a payment reason is required for every transfer you make in INR to India or MYR to Malaysia.

If you have any issues while making a transfer, please do get in touch with us via our in-app chat support.

Thank you,
Team Revolut"

 

[duhduhduh]

Wow received the 39!

Too bad only my gf managed to complete the whole process.

 

[value0230]

Yup. Revolut so far had gave $10, $8.88 and $39 cash for either new sign up Or referral. I got all of them. People who signed up using my code also got rewarded.

 

[sacredrays]

Yup. Revolut so far had gave $10, $8.88 and $39 cash for either new sign up Or referral. I got all of them. People who signed up using my code also got rewarded.

the $39 referral bonus only the referrer get leh, referee get nothing.

 

[nomoneynotalk]

Anyone tried to transfer fund back to OCBC bank account in local currency? I realized that we need to input BIC/SWIFT in the app. Is this consider as inward remittance and is there any processing fee charged by the bank?

 

[Trazora]

Anyone tried to transfer fund back to OCBC bank account in local currency? I realized that we need to input BIC/SWIFT in the app. Is this consider as inward remittance and is there any processing fee charged by the bank?

No processing fee. But take note can only do this occasionally in small amounts, if not Revolut will lock your account for misuse of revolut for cash advancement from your credit card.

 

[OCBC Bank]

Anyone tried to transfer fund back to OCBC bank account in local currency? I realized that we need to input BIC/SWIFT in the app. Is this consider as inward remittance and is there any processing fee charged by the bank?

Hi there,

You may wish to check with the merchant if the transfer is going to be a local transfer, or an overseas funds transfer.

For overseas fund transfers, SWIFT code will be required (OCBC's SWIFT is OCBCSGSG), and there will be a fee of $10 charged.

^DG

 

[nomoneynotalk]

Hi there,

You may wish to check with the merchant if the transfer is going to be a local transfer, or an overseas funds transfer.

For overseas fund transfers, SWIFT code will be required (OCBC's SWIFT is OCBCSGSG), and there will be a fee of $10 charged.

^DG

Hi, thanks for your reply.

I have checked with Revolut that the transfer will be processed as local transfer. However, I can't leave the BIC/SWIFT column blank. Is there a BIC/SWIFT code for local transfer?

 

[RedsYWNA]

No processing fee. But take note can only do this occasionally in small amounts, if not Revolut will lock your account for misuse of revolut for cash advancement from your credit card.

Would SGD 2,000 a month (recurring) be considered big? I am looking to transfer SGD to MYR through Revolut though, instead of to a local account.

 

[JuniorLion]

Would SGD 2,000 a month (recurring) be considered big? I am looking to transfer SGD to MYR through Revolut though, instead of to a local account.

Don't try to game the system la.

 

[RedsYWNA]

Don't try to game the system la.

I am trying to transfer RM to my relatives leh. It's different from transferring to my own SG bank account. Main reason being Revolut's ex rates are attractive.

I dont mind transferring to Revolut using bank transfers instead of credit cards, but seems like there's no such options leh.

 

[gravityz3r0]

I am trying to transfer RM to my relatives leh. It's different from transferring to my own SG bank account. Main reason being Revolut's ex rates are attractive.

I dont mind transferring to Revolut using bank transfers instead of credit cards, but seems like there's no such options leh.

Apply another Revolut card for them, top up the account for them, and tell them to withdraw from ATM locally. That'll probably be safer.

 

[RedsYWNA]

Apply another Revolut card for them, top up the account for them, and tell them to withdraw from ATM locally. That'll probably be safer.

Thanks. That sounds doable too. If doesnt work, I can always fall back to instarem for the money transfer, thought rate is slightly worse than Revolut.....

 

[gravityz3r0]

Thanks. That sounds doable too. If doesnt work, I can always fall back to instarem for the money transfer, thought rate is slightly worse than Revolut.....

Sorry i forgot to add, there is a limited amount of how much they can withdraw for free before the withdrawal fee kicks in, i think its 2%, by then it's probably not worth it..

 

[xiaowhois]

I am trying to transfer RM to my relatives leh. It's different from transferring to my own SG bank account. Main reason being Revolut's ex rates are attractive.

I dont mind transferring to Revolut using bank transfers instead of credit cards, but seems like there's no such options leh.

must check how much fee you need pay + can send 2k sgd worth at one shot anot

Revolut 30k yearly limit apply

 

[derrickgoh]

Has anyone tried using a prepaid credit card like grab mastercard to top up revolut?

I know it sounds kiasi but i’ve so many friends that have their credit card details stolen (not on revolut lah but online) that im kinda paranoid.

If i was to add my regular cc to revolut & use it to add funds, if somehow the card details are compromised the procedure to dispute fraudulent charges is lengthy & i understand not 100% guaranteed.

So i thought it would be safer to link grab master card to revolut & add an amount to grab master card. That way even if the grab card details are compromised, the crooks cant do shyt since its a prepaid card which is now empty. Will that work?

 

[Elon Jobs]

Then which safe non credit card method do you intend to top up your Grabpay MasterCard?

Has anyone tried using a prepaid credit card like grab mastercard to top up revolut?

I know it sounds kiasi but i’ve so many friends that have their credit card details stolen (not on revolut lah but online) that im kinda paranoid.

If i was to add my regular cc to revolut & use it to add funds, if somehow the card details are compromised the procedure to dispute fraudulent charges is lengthy & i understand not 100% guaranteed.

So i thought it would be safer to link grab master card to revolut & add an amount to grab master card. That way even if the grab card details are compromised, the crooks cant do shyt since its a prepaid card which is now empty. Will that work?

 

[Trazora]

Has anyone tried using a prepaid credit card like grab mastercard to top up revolut?

I know it sounds kiasi but i’ve so many friends that have their credit card details stolen (not on revolut lah but online) that im kinda paranoid.

If i was to add my regular cc to revolut & use it to add funds, if somehow the card details are compromised the procedure to dispute fraudulent charges is lengthy & i understand not 100% guaranteed.

So i thought it would be safer to link grab master card to revolut & add an amount to grab master card. That way even if the grab card details are compromised, the crooks cant do shyt since its a prepaid card which is now empty. Will that work?

Cannot topup revolut using grabpay mc

 

[Charlie_Zhan]

Has anyone tried using a prepaid credit card like grab mastercard to top up revolut?

I know it sounds kiasi but i’ve so many friends that have their credit card details stolen (not on revolut lah but online) that im kinda paranoid.

If i was to add my regular cc to revolut & use it to add funds, if somehow the card details are compromised the procedure to dispute fraudulent charges is lengthy & i understand not 100% guaranteed.

So i thought it would be safer to link grab master card to revolut & add an amount to grab master card. That way even if the grab card details are compromised, the crooks cant do shyt since its a prepaid card which is now empty. Will that work?

top up via apple pay

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