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Robin.Hood

Money abroad

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15 minutes ago, G_Man1985 said:

 

Got a few holidays going abroad.

 

Have been introduced to this

 

https://www.revolut.com

 

Now I was gonna just take money n that be it. But would this not be a lot easier ?

 

What does everyone else do ?

 

Revolut is class, I use it day to day here for tracking spending etc. and then whenever I'm abroad.

Fee free up to a limit for withdrawals and you get market rate for foreign exchange. Couldn't recommend it enough. 

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29 minutes ago, Netan Sansara said:

Revolut is class, I use it day to day here for tracking spending etc. and then whenever I'm abroad.

Fee free up to a limit for withdrawals and you get market rate for foreign exchange. Couldn't recommend it enough. 

I use it too, so easy, as you say market rate and you can top it up in seconds if you need. Only downside is ATM withdrawals, max £200 a month and you start paying a 2% (I think) charge. Free for purchases and used it twice for holidays. Not sure why I'd use it at home though. If you think the pound might fall before your holiday it might worth ordering a few Euros through  https://www.thecurrencyclub.co.uk/ or https://www.fairfx.com/  though, Revolut doesn't do currency exchange apart from current purchases and ATM transactions so far as I know.

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1 hour ago, G_Man1985 said:

 

Got a few holidays going abroad.

 

Have been introduced to this

 

https://www.revolut.com

 

Now I was gonna just take money n that be it. But would this not be a lot easier ?

 

What does everyone else do ?

 

Just to add to what I said above, the charge for what you pay for over £200 a month ATM transactions is roughly the same as you'd pay with any debit card, and the App is brilliantly simple. I recommend.

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So for an idiots guide ( please be nice )
I can use this card like a bank card in shops and can also take money out with it at local cash machines ?
All I need to do before I go is transfer money from bank straight to this card?

And then that's it?

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18 minutes ago, G_Man1985 said:

So for an idiots guide ( please be nice )
I can use this card like a bank card in shops and can also take money out with it at local cash machines ?
All I need to do before I go is transfer money from bank straight to this card?

And then that's it?

Yes. Download the app, pop in your bank details, and you're good to go when you get your card in the post. I'm very wary with this stuff but I don't see any downside other than trying to pay with the card instead of cash to avoid the ATM charge if you go over £200 in a month. Seems as secure as anything else, and I've had no problems. You get market rate on using the card abroad which is at least 2% better than buying Euros at the Post Office, so even if you go over the £200 limit at ATM's you'll still be paying about the same as at the Post Office. 

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Halifax Clarity credit card. Great rates no usage fees. Only pay interest on ATM withdrawals but I usually just pay off from current account at end of each day or two.

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16 minutes ago, invergowrie arab said:

Halifax Clarity credit card. Great rates no usage fees. Only pay interest on ATM withdrawals but I usually just pay off from current account at end of each day or two.

The advantage for me with Revolut is that there are no credit worthiness checks involved. Not that I have a particularly bad record, recently at least, but I'm still wary. Revolut is a simple mechanism for transferring cash from your debit card to one that you can use abroad without incurring charges, no credit involved. They make money by charging the people you purchase from, or if you withdraw more than £200 a month from an ATM. It seems transparent and simple.

Edited by welshbairn

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Guest Moomintroll

Got a few holidays going abroad.
 
Have been introduced to this
 
https://www.revolut.com
 
Now I was gonna just take money n that be it. But would this not be a lot easier ?
 
What does everyone else do ?

Halifax clarity card has always worked well for me but if you can send me your account number, sort code, cvc number and mothers maiden name I will transfer some money to you, got some euros left over.

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Have went and ordered one and had to put 10 pound in it first.
Think will take money out and have card on me when on holiday

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1 hour ago, G_Man1985 said:

Have went and ordered one and had to put 10 pound in it first.
Think will take money out and have card on me when on holiday

I always have some cash as back up. https://www.thecurrencyclub.co.uk/ usually , decent rate, and free next day delivery, but you'd probably do just as well at Tesco. Post Office is a rip off, especially not online.

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I use it too, so easy, as you say market rate and you can top it up in seconds if you need. Only downside is ATM withdrawals, max £200 a month and you start paying a 2% (I think) charge. Free for purchases and used it twice for holidays. Not sure why I'd use it at home though. If you think the pound might fall before your holiday it might worth ordering a few Euros through  https://www.thecurrencyclub.co.uk/ or https://www.fairfx.com/  though, Revolut doesn't do currency exchange apart from current purchases and ATM transactions so far as I know.
Depending on currency, it does - you can hold money on it in about 25 different currencies (obviously including Dollars and Euros) as well as going crypto if you're that way inclined.

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4 minutes ago, true_rover said:
On 04/03/2018 at 22:01, welshbairn said:
I use it too, so easy, as you say market rate and you can top it up in seconds if you need. Only downside is ATM withdrawals, max £200 a month and you start paying a 2% (I think) charge. Free for purchases and used it twice for holidays. Not sure why I'd use it at home though. If you think the pound might fall before your holiday it might worth ordering a few Euros through  https://www.thecurrencyclub.co.uk/ or https://www.fairfx.com/  though, Revolut doesn't do currency exchange apart from current purchases and ATM transactions so far as I know.

Depending on currency, it does - you can hold money on it in about 25 different currencies (obviously including Dollars and Euros) as well as going crypto if you're that way inclined.

I meant ordering cash, but do you mean you can hold say euros and pounds at the same time on the card?

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2 hours ago, welshbairn said:

I meant ordering cash, but do you mean you can hold say euros and pounds at the same time on the card?

Just checked, you can. Bunged some Euros in because I think the pound is due for another tumble. Ten more euros for changing £500 than the best online rates, not bad.

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For every time I spend or take money out on the card is my mobile going to keep giving me notifications about it ?

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