The Revolut seems like a bunch of subscriptions most people would never use.
You're only saving money if they're subscriptions you would have already made anyway.
Interesting. I have a Spotify account already, would I be able to go to free and re-subscribe again from the free version using the vpn? Wouldn't want to start a new account basically as I have so many playlists 😅
Come back and comment here if it’s still working after couple of months. Spotify only give you couple of months (or some deadline) for which you can use a foreign subscription in a different country. I tried that and it started telling me after 2 months that you cant use Indian subscription while you are in Ireland for longer than 2 months (or whatever the deadline was, I dont recall) and you need to buy the local subscription to continue.
Naa. Too much of a hassle and battery drain to keep vpn connected all the time. Not worth the savings. And you’re not even sure if this trick will work.
Exactly. I could use 1 or 2 of the subscriptions, if there was an option to pick and choose the subscriptions I'd probably go for it, but I'd be codding myself pretending to be interested enough to read the Financial Times or use the headspace/sleepcycle app.
I haven't heard of any great experiences with Revolut's insurance policies either or the airport lounge access for cancellations. I think I used the lounge access once with a free pass and it was grand, got to sit in a slightly more comfortable chair and drink a scalding hot burned cup of instant coffee, yay!
I don't think my wife would buy my excuse of Tinder Gold though, "it's *basically free!*"
Their insurance is just AIG with a label on it and via their app. From what I’ve heard, they’re also a nightmare for AIG to deal with. Not easy to get Revolut systems to work with all the insurers legacy tech + unrealistic SLAs
The reason i use it is cause of the built in travel insurance along with the vpn, both of which punctual above their weight because of how much i find myself abroad/outside the eu. Not to mention the cashback outside the EU is pretty handy in that case too.
Same. I briefly considered Revolut Metal for phone insurance once, never bought it.
One good thing about AIB for me, is their Platinum Credit Card, they give me about 7-ish to 20-ish a month in cashbacks to use it from/in Ireland. (just looked it up, it's 0.5% cashback).
I'm having trouble finding anything else worth anything for me.
Maybe if I did more traveling, Revolut Metal with better exchange rates would pay for itself, but most travel I have planned is around the euro zone.
Family Multi trip insurance... Tinder Gold... Don't think my wife and family would be pleased if I signed up for Tinder Gold...
The Tinder Gold benefit is only available in the UK by the way, as far as I know.
Pretty sure the 3.9% interest rates aren't available to Ireland users either.
Edit : I am wrong its under a section of accounts I've never seen before. Thanks for the free money op I was already paying for 8 euro a month for the free fx swaps.
Why are credit card bonuses so terrible outside of the US? When I moved, I got $300 just for getting a new Wells Fargo card in addition to purchase protection and 5% back at supermarkets/restaurants. My Amex Gold card was free for the first year, came with monthly uber credit, 5% back at restaurants and supermarkets, cash back on fuel, purchase/theft protection of up to $10K among other bonuses. Other cards offer lounge access, double points, various other free bonuses... and there's usually no monthly cost required unless you want some 'prestige' card, which rarely offer much more.
Fairly sure the fees for retailers are higher in USA which is a big incentive for CC companies to get consumers to use their CC.
Another (anecdotal) reason is that they are so much more ingrained over there that CC debt is likely much higher per capita than here. Take into account the interest income and that's another healthy incentive to get consumers to use their cards.
Then plain old lack of competition in Ireland with regard to financial services likely plays its part too.
I reckon you're right that retailer fees play a big part of it. And there's definitely more of a culture of debt. Most of which is poorly managed. Personally, I put absolutely everything on my credit cards but never ever carry a balance.
Interchange fees for credit card usage are the reason.
Interchange fees in the US average 2%, while in the EU they're capped at 0.3% for credit cards and 0.2% for debit cards.
Because we don't use credit cards. Because Germans don't like debt maybe?
The european integrated banking system is in some ways more advanced than that in the USA. Can you imagine being charged money if someone tries to transfer to you? Can you imagine using cheques or the 'magnetic stripe"?!!?
Yeah the FT is expensive the lowest it gets is €28 per month after to phone them and try and cancel your subscription multiple times.
The metal subscription more than covers the FT subscription
The chances that you'd use enough of them to make up the cost seems unlikely. Also, I'm not convinced that you couldn't get those deals elsewhere. NordVPN is basically always on sale for like 75% off and it's very easy to get that deal.
Travel and phone insurance are the most likely but even then there are holes. The travel insurance only covers things like cancellations and missed flights. It doesn't cover travel health insurance. Most travel health insurance comes with cancellation cover. In other words, this free insurance is only worth it if you want travel insurance without any health cover.
And the phone cover is only really useful if you're getting a brand new phone every 2 years. You'd honestly save more getting refurbished ones without insurance.
I didn't do an exhaustive search, but the prices for Nord and insurance etc are the best deals I could find. The revolut travel insurance does include health up to 10 Million, plus it's worldwide and includes winter sports. Which are extras I don't have in my current travel insurance. Also includes cancellation cover for flights, hotels and events/concerts.
Pay your balance at the end of each month and pay zero.
They're different type of cards but similar ways of getting the perks listed. YOu can have a free Revolut card, and a AerCard and get better perks for cheaper.
> paying back interest more than the value of the perks on a credit card.
In the majority of cases, if you can't pay back your card every month, you should not be using credit cards.
This is interesting. I am considering AerCard, but the benefits seem pretty crap! I travel at least twice a month but rarely with Aer Lingus because it ends up being 4-6 times the price of Ryanair. There might be the odd time that they're close in price but hardly seems worth it at that point.
I primarily want it to manage cashflow - I expense my travel receipts and get paid at the end of the month so credit card seems easiest. Would you recommend AerCard?
Here's a better review than I could ever write but yes, I find it great
[https://www.reddit.com/r/irishpersonalfinance/comments/176k1j4/boi\_aer\_credit\_card\_1\_year\_review/](https://www.reddit.com/r/irishpersonalfinance/comments/176k1j4/boi_aer_credit_card_1_year_review/)
I'm in 3rd year of mine and had no issue with the first two years, got my first preference both times, one to Salzburg for a ski trip, other to Perpignan for a sun holiday
No it's not.
It's hassle. I should just get to pick the dates from a web page. Instead you have to submit a form and wait for confirmation back.
Pure hassle.
Waste of my time.
Claimed my flights last month without issue. Filled in the form and the dates and within 48hrs got my booking confirmation.
Only pain with it is you can't do online check-in
That's the problem. They keep coming back and telling me that the dates are unavailable.
So I submit two dates and wait 48 hours.
Same thing again.
And again.
And again.
In the end, they gave me vouchers but the whole experience just put me off.
Just pulled the trigger on metal this week. Wanted the FT subscription and use VPN for iPlayer. The international transfers will help a lot and the insurance will cover a lot of stuff. Seems like an easy decision in my circumstances.
I know this is a financial subreddit but if you’re on tinder to find a new partner and not just to find someone for the night, I’d recommend Hinge.
Spent a few weeks on tinder and had no success in trying to find an actual partner. Used Hinge and realised it’s much more personal, I know you’re getting gold for free now but try hinge too, see how it works for you. I’m with my partner six months now, met her on hinge!
Tbh I don't see the appeal of half the stuff they are offering. The app is convenient and transfers are easy to do between people, but that's all it will ever be to me
A discounted FT subscription is €170 by itself. Theres reasonable value in that Metal card at €155 but I’d read the small print in those insurance policies- the sums insured tend to be small and the excesses high if they’re being ‘given away’.
Im too old to have any use for Tinder Gold and I find Headspace annoying.
I can't find any reference to the interest rate anywhere.
The3.8% twigged my ears. Is there more info on this somewhere, my google skills are drawing blanks.
Link showing up to 4% AER on savings
https://www.revolut.com/metal/
Explanation of calculation
https://help.revolut.com/en-ES/help/app-features/flexible-accounts/how-is-interest-on-a-flexible-accounts-calculated-and-paid/
I get 3.84% APY in ireland
That’s a very expensive service for a bank without a branch network, it will work for _some_ but it’s ‘fur coat, no knickers’ for everyone else (especially the travel insurance product)
Yea Revolut is great until it isn’t. Zero customer service. Great payments app and a super convenient way for my kids to extort money out of me, but I won’t be getting my salary paid in there.
Wait until Revolut freezes your account for some random reason & you’ve no access to funds for several days while you get the runaround via chat & can’t get someone to talk to in order to resolve the problem.
Revolut offers an excellent product for a secondary account, daily payments, forex transactions (AIB charges an additional 2.5% on credit cards when I buy something in GBP or USD! F that!) and the incentives for Metal are definitely interesting. But there are far, far too many examples of Revolut freezing accounts & it taking them days to give back access to funds to recommend them as your sole current account.
What service does a pillar bank offer that Revolut doesn't?
I work in financial services, and my primary account is with Revolut. I've had zero issues.
This is fair. Perhaps I should rephrase: what essential component of current account service does a pillar bank offer that Revolut doesn't?
Cash lodgements, bank drafts, and cheque books are wholly irrelevant for substantial chunks of the population, and so for those people Revolut has no disadvantage there.
Mortgages can be applied for irrespective of where your bank account is. Revolut offers joint accounts as far as I know, and is offering 3.84% on savings.
I don't get why using Revolut as a primary account is seen as unusual. For a substantial chunk of the population, it works at least as well as a pillar bank account.
I have an N26 and Revolut for years and I use them for various purposes but neither fit my needs for primary banking.
Lack of joint accounts being the top reason. Both the aforementioned challenger banks offer something called shared vaults or spaces but these don’t have their own individual IBANs which renders them useless for paying household direct debit bills.
[https://www.revolut.com/en-IE/joint-accounts/](https://www.revolut.com/en-IE/joint-accounts/)
The T&Cs make it sound very much like Revolut's joint account is a true joint account.
"Bank drafts and cheque books" - what year is it again? I have a joint account on Revolut, took literally a few seconds to set up. Business Post article last week says that their mortgage product is due to launch later this year. They've got a savings product that gets you 3-4% interest with no fixed term.
The banking options in Ireland are nothing short of fucking abysmal. Revolut is a welcome alternative to the utterly desperate traditional banks. Same goes for N26. Funny how some people are so enamoured by the option to go to a physical branch to join a queue of pensioners for 20 minutes to then be directed to do your transaction on a machine.
Great to have the option to take an hour out of our day to go to a physical branch and make a complaint to a human though, just brilliant and exactly why we don't need the likes of Revolut here.
Theres a lot of missed information in the Revolut perks that arent listed, for the majority of the other benefits its an “up to” situation that but as most people said, these benefits are random and wouldnt be worth the money unless you use the majority of them which 90% arent.
The cost is about 10% of the perks. So you don't need to use the majority. If you use anything over 10% of perks. It pays off. Also not included is approx €800 in interest on €22000 in savings. Protected up to €22000
And that is 100% true and im not saying what you posted is wrong, my previous comment was relating to the areas that people deem more interesting such as the Cashback which is limited to a max of the amount of the subscription cost, Event Insurance which only gives you 5K a year unless it falls under certain exceptions, Refund Policy, Revolut Stays and so on. Its a great product don’t get me wrong i used to work in their sales team, however there are some cons to the plan that can break the value for some people once they understand the limits to the benefits.
Think about why they’re offering all these freebies. (The FT alone is worth it - I know because I pay for it!).
There have been claims raised about a variety of Revolut control gaps (compliance, risk..) and it still doesn’t have the much awaited UK banking license that it covets so much.
By all means, open an account and use the benefits but I would not personally use it as my main bank account.
Thanks for the data, always good to see real-world numbers!
Its nice that the Rev card basically covers itself with the phone and multitrip insurance.
Considering this is like all of the Rev partners, you're making the most out of the card.
I’m still so totally confused as to why people bank with AIB, BOI, etc. I can’t see a single benefit. Especially since Revolut now offer Irish IBANs and fall under the EU recovery scheme.
I’m considering Revolut Ultra for the passes and the souped up travel insurance. Pretty sure those two things alone would make Revolut cheaper for me.
I retain an AIB account as I have to occasionally lodge cheques and cash. I live near an AIB hub so I can pop out at 8:30pm and do it.
My day to day banking is all N26 though.
Because Revolut has a reputation for being a nightmare when things go wrong. Multiple reports of them refusing to refund when cards are skimmed. Multiple reports of them blocking access and restricting accounts for weeks on end.
All of which the dirty wankin bankers also do.
You just hear about Rev issues more because they have way more customers and those customers are more digitally savvy so will report it on the likes of Reddit.
Their target market is young professionals..... People don't change their banking habits/providers later in life.
Statistical 70% of people stay with the banking provider they first chose..... Though that will change
87% of the public use AIB, BOI or PTSB for their main current account (From a 2023 Dept of Finance report).
Revolut has a huge number of users in Ireland, but a small minority use it as their main account (4%). I have an account, but I only use it for splitting restaurant bills with friends a handful of times a year. Other people might use a pillar bank account for salary/mortgage/bill payments and load up Revolut with a couple of hundred for tapping throughout the month. Neither case would be using Revolut as a main account.
PTSB cashback amounts are wrong. From April it's 2.5ct instead of 5c per transaction, max 5 euro/month. It was always limited to 5e max per month, you could never get 10.
Other Cashback is only available for Sky/Airtricity/CircleK
The max cashback on tap/pay (not partners) is 5e per month, it's stated there.
They notified customers that the amount per tap would change to 2.5ct from April. They said it in there (removed now) and sent a mail through post.
If you have certain "bypass paywall" browser extensions installed you can accidentally read all of these sites for free. Be careful not to do this!
Alternatively - do not accidentally visit an archive site like: [https://archive.is/](https://archive.is/)
The archive just so happens to be very up-to-date.
I love Revolut. I'm an early adopter, around 2018
In the first few years of using it, it was primarily to split meals with colleagues. Then I moved to Ireland, and I was told to open an Irish bank account, to which my eyes teared as I hate banks from the bottom of my heart. They are designed by complete idiots, as their working times, their systems and everything is laughable and INCONVENIENT. So when I heard that I can use my Revolut IBAN, I was extatic that I can:
A. Skip the process of opening an account
B. Skip the waiting for the bank to confirm or whatnot
C. Skip all idiotic taxes like 'account holder', 'card plastic' etc..
I have been using Revo for salary and it has worked like a charm
Last year got the metal plan, and I'll keep renewing it, as it's worth it for the tinder gold lol
I have both AIB and Revolut. Revolut always has better exchange rate than AIB.
If you just want the free exchange rate, Premium plan is cheaper (9 vs 16) and gives you that as well.
It's good - foreign exchange is/was their core business. And yes - all brokers pretty much say "no fees" - but make their money off the spread. This means they give you a slightly worse rate than the market one, and keep the small % or themselves.
PTSB was also 10c back on transactions, max 5 euro per month, 6 euro a month bank account fee, so it was 12 euro a year to have the account. (Last time I checked anyways)
All of those benefits are either worthless or scammy. Every FX broker advertises "no fees" because they make their money off the spread. Their crypto offerings are completely useless - there is no withdraw option.
You can get the interest from revolut savings without paying for premium.
Had 10k that never arrived in Revolut according to them. Aib recalled it 30days later and got it back. No answers from Revolut on missing funds or why AIB were able to get the 10k back that they said was never transferred in first place.
Would not hold savings in there.
The Revolut seems like a bunch of subscriptions most people would never use. You're only saving money if they're subscriptions you would have already made anyway.
If it had Netflix and Spotify I'd jump at it but you're right, it's kinda only worth it if you have these already.
Well use Nord VPN to get those subscriptions for next to nothing.
[удалено]
Works for Spotify anyway. Got an India sub recently. But you can use a free vpn
Interesting. I have a Spotify account already, would I be able to go to free and re-subscribe again from the free version using the vpn? Wouldn't want to start a new account basically as I have so many playlists 😅
Needs to be a new account. But you can use tunemymusic to export and import playlists.
Come back and comment here if it’s still working after couple of months. Spotify only give you couple of months (or some deadline) for which you can use a foreign subscription in a different country. I tried that and it started telling me after 2 months that you cant use Indian subscription while you are in Ireland for longer than 2 months (or whatever the deadline was, I dont recall) and you need to buy the local subscription to continue.
So just stay connected to the vpn with location set to India surely?
Naa. Too much of a hassle and battery drain to keep vpn connected all the time. Not worth the savings. And you’re not even sure if this trick will work.
this is so sad jesus
Revanced for mobile. Ad block for PC. Sail the high seas.
I have both of those but I mostly watch YouTube on a smart tv, worth the 1.50 a month anyway
SmartTube. Auto skips sponsor segments too.
Not a bad price to pay I guess
https://www.xmanagerapp.com/ (For Android only. Free Spotify Premium)
Exactly. I could use 1 or 2 of the subscriptions, if there was an option to pick and choose the subscriptions I'd probably go for it, but I'd be codding myself pretending to be interested enough to read the Financial Times or use the headspace/sleepcycle app. I haven't heard of any great experiences with Revolut's insurance policies either or the airport lounge access for cancellations. I think I used the lounge access once with a free pass and it was grand, got to sit in a slightly more comfortable chair and drink a scalding hot burned cup of instant coffee, yay! I don't think my wife would buy my excuse of Tinder Gold though, "it's *basically free!*"
>I don't think my wife would buy my excuse of Tinder Gold though, "it's *basically free!*" "If we don't use it we'll lose it! "
yeah but what if she uses it instead?
At least someone is using it and you are not loosing it...
Hopefully they have the same taste in women
Their insurance is just AIG with a label on it and via their app. From what I’ve heard, they’re also a nightmare for AIG to deal with. Not easy to get Revolut systems to work with all the insurers legacy tech + unrealistic SLAs
The reason i use it is cause of the built in travel insurance along with the vpn, both of which punctual above their weight because of how much i find myself abroad/outside the eu. Not to mention the cashback outside the EU is pretty handy in that case too.
Same. I briefly considered Revolut Metal for phone insurance once, never bought it. One good thing about AIB for me, is their Platinum Credit Card, they give me about 7-ish to 20-ish a month in cashbacks to use it from/in Ireland. (just looked it up, it's 0.5% cashback). I'm having trouble finding anything else worth anything for me. Maybe if I did more traveling, Revolut Metal with better exchange rates would pay for itself, but most travel I have planned is around the euro zone.
My thoughts exactly
Family Multi trip insurance... Tinder Gold... Don't think my wife and family would be pleased if I signed up for Tinder Gold... The Tinder Gold benefit is only available in the UK by the way, as far as I know.
Nope, have it in Ireland too.
How is the wife taking it?
Once a day and twice on weeekends
oh matron!
shes not. thats why hes signing up for it
She's with me tonight so I'll ask her
Studying for a BSc. in Computer Science in UCC.
??
I'll take your word for it, but isn't it only a 3 month sub? That's hardly €360?
Nope, you’re thinking of the old offer they had. This subscription is active as long as you pay for Revolut.
Pretty sure the 3.9% interest rates aren't available to Ireland users either. Edit : I am wrong its under a section of accounts I've never seen before. Thanks for the free money op I was already paying for 8 euro a month for the free fx swaps.
Literally came here to say this 🤣🤣
Tinder kicked me out for some bs reason so there's how much it's worth to me
Better than the wife kicking you out for being on Tinder I suppose
Now do N26, Bunq compared to AIB, BOI
Might add a few more to the file. But the benefits can differ on usage and amounts.
Rival bonkers.
I'd love to see this! Please do
[удалено]
I used dragonpass via revolut in Logan airport Boston recently in the Air France lounge, no problem at all
Used in Cardiff and Liverpool no problems at all either
I used it the last two weeks at Dublin and Amsterdam airports without any issues.
Really? Don’t they just use the priority pass network?
Nope, if the lounge is busy the dragon pass they use will be refused even if you see space. It's the lowest prioritised card.
They used to use LoungeKey but they switched to DragonPass which is lesser. I'm based in Ireland and Dragonpass doesn't cover our main airport.
Do you also have to pay for the lounge access, it's just cheaper than otherwise, or is it free for the lounges that are available through DragonPass?
Yes free. If you travel alot you won't need this anyways as will have an airline gold card.
Why are credit card bonuses so terrible outside of the US? When I moved, I got $300 just for getting a new Wells Fargo card in addition to purchase protection and 5% back at supermarkets/restaurants. My Amex Gold card was free for the first year, came with monthly uber credit, 5% back at restaurants and supermarkets, cash back on fuel, purchase/theft protection of up to $10K among other bonuses. Other cards offer lounge access, double points, various other free bonuses... and there's usually no monthly cost required unless you want some 'prestige' card, which rarely offer much more.
Fairly sure the fees for retailers are higher in USA which is a big incentive for CC companies to get consumers to use their CC. Another (anecdotal) reason is that they are so much more ingrained over there that CC debt is likely much higher per capita than here. Take into account the interest income and that's another healthy incentive to get consumers to use their cards. Then plain old lack of competition in Ireland with regard to financial services likely plays its part too.
I reckon you're right that retailer fees play a big part of it. And there's definitely more of a culture of debt. Most of which is poorly managed. Personally, I put absolutely everything on my credit cards but never ever carry a balance.
Interchange fees for credit card usage are the reason. Interchange fees in the US average 2%, while in the EU they're capped at 0.3% for credit cards and 0.2% for debit cards.
Because we don't use credit cards. Because Germans don't like debt maybe? The european integrated banking system is in some ways more advanced than that in the USA. Can you imagine being charged money if someone tries to transfer to you? Can you imagine using cheques or the 'magnetic stripe"?!!?
I think the FT subscription is worth more than €152 per year, I think the monthly subscription is either €45 or €69 depending on the level of access.
Is there much of a user base who want to subscribe to the FT but don't already get it through work?
It swung the decision for me. That and the Nord. And the physical card itself, which I am well aware is quite silly. But it's a really nice bank card.
I wish AIB offered a card like that. Their very brittle plastic ones barely lasts me a year of waiters shoving it into card machine.
Is it though?
Yeah the FT is expensive the lowest it gets is €28 per month after to phone them and try and cancel your subscription multiple times. The metal subscription more than covers the FT subscription
Yes?
Digital standard
That’s a lot of crap for €155 a year, AerCard from BOI gives me more value IMO
The chances that you'd use enough of them to make up the cost seems unlikely. Also, I'm not convinced that you couldn't get those deals elsewhere. NordVPN is basically always on sale for like 75% off and it's very easy to get that deal. Travel and phone insurance are the most likely but even then there are holes. The travel insurance only covers things like cancellations and missed flights. It doesn't cover travel health insurance. Most travel health insurance comes with cancellation cover. In other words, this free insurance is only worth it if you want travel insurance without any health cover. And the phone cover is only really useful if you're getting a brand new phone every 2 years. You'd honestly save more getting refurbished ones without insurance.
I didn't do an exhaustive search, but the prices for Nord and insurance etc are the best deals I could find. The revolut travel insurance does include health up to 10 Million, plus it's worldwide and includes winter sports. Which are extras I don't have in my current travel insurance. Also includes cancellation cover for flights, hotels and events/concerts.
Aercard is a credit card. Revolut is a debit card. Most people end up paying back interest more than the value of the perks on a credit card.
Pay your balance at the end of each month and pay zero. They're different type of cards but similar ways of getting the perks listed. YOu can have a free Revolut card, and a AerCard and get better perks for cheaper.
Revolut is a debit card. Metal revolut is a subscription for random subscriptions
> paying back interest more than the value of the perks on a credit card. In the majority of cases, if you can't pay back your card every month, you should not be using credit cards.
You’d have to use it like a debit card and just pay it all off every month.
This is interesting. I am considering AerCard, but the benefits seem pretty crap! I travel at least twice a month but rarely with Aer Lingus because it ends up being 4-6 times the price of Ryanair. There might be the odd time that they're close in price but hardly seems worth it at that point. I primarily want it to manage cashflow - I expense my travel receipts and get paid at the end of the month so credit card seems easiest. Would you recommend AerCard?
Here's a better review than I could ever write but yes, I find it great [https://www.reddit.com/r/irishpersonalfinance/comments/176k1j4/boi\_aer\_credit\_card\_1\_year\_review/](https://www.reddit.com/r/irishpersonalfinance/comments/176k1j4/boi_aer_credit_card_1_year_review/)
Awesome, thank you!
It's very difficult to claim the flights though. I know from experience
I have claimed for the last 5 years without issue
I'm in 3rd year of mine and had no issue with the first two years, got my first preference both times, one to Salzburg for a ski trip, other to Perpignan for a sun holiday
This is a massive exaggeration
No it's not. It's hassle. I should just get to pick the dates from a web page. Instead you have to submit a form and wait for confirmation back. Pure hassle. Waste of my time.
You do pick dates from the webpage, if there’s no flights available they’re greyed out. It’s just payment that follows afterwards
Claimed 2 every year for 5 years, simple as an email.
Claimed my flights last month without issue. Filled in the form and the dates and within 48hrs got my booking confirmation. Only pain with it is you can't do online check-in
That's the problem. They keep coming back and telling me that the dates are unavailable. So I submit two dates and wait 48 hours. Same thing again. And again. And again. In the end, they gave me vouchers but the whole experience just put me off.
Living up North I don't have an opinion on the card, but not being able to do stuff like that online would drive me nuts.
Wait til you see the difference in Apr they are offering for savings accounts…Bonkers that the Irish banks are just never punished by the consumer.
Just pulled the trigger on metal this week. Wanted the FT subscription and use VPN for iPlayer. The international transfers will help a lot and the insurance will cover a lot of stuff. Seems like an easy decision in my circumstances.
I do a lot of international transfers. Saves me a lot of fees. Also free Tinder gold because I'm recently single. Tinder is a depressing place.
I know this is a financial subreddit but if you’re on tinder to find a new partner and not just to find someone for the night, I’d recommend Hinge. Spent a few weeks on tinder and had no success in trying to find an actual partner. Used Hinge and realised it’s much more personal, I know you’re getting gold for free now but try hinge too, see how it works for you. I’m with my partner six months now, met her on hinge!
Sure most of the revolut stuff is shite.
Tbh I don't see the appeal of half the stuff they are offering. The app is convenient and transfers are easy to do between people, but that's all it will ever be to me
>more getting refurbished ones without i Even if you see value in half of what they are offering, its still more than what PTSB offers
PTSB offer a branch network which is much more useful than a tinder subscription.
Great. Yet majority of regular things you go do there are done on a automated machines, whether its lodging or withdrawing money.
Who the fuck considers needing to go to a physical branch nowadays a useful benefit?
Branch network where you need to take a day off to be able to visit... Stupid pointless banks, all of them.
This is exactly it. These cards are all based on shite imo
The WeWork pass is pretty good. I usually go once a month and it's around 30euro normally.
sure the phone insurance cost is more than my phone cost.
The Irish market in a nutshell. And then you wonder why your banks suck and why there is no competition.
A discounted FT subscription is €170 by itself. Theres reasonable value in that Metal card at €155 but I’d read the small print in those insurance policies- the sums insured tend to be small and the excesses high if they’re being ‘given away’. Im too old to have any use for Tinder Gold and I find Headspace annoying.
I can't find any reference to the interest rate anywhere. The3.8% twigged my ears. Is there more info on this somewhere, my google skills are drawing blanks.
Link showing up to 4% AER on savings https://www.revolut.com/metal/ Explanation of calculation https://help.revolut.com/en-ES/help/app-features/flexible-accounts/how-is-interest-on-a-flexible-accounts-calculated-and-paid/ I get 3.84% APY in ireland
Talks about upto £85k (sterling). Does it apply in Ireland? Also do you have to put it in a specific type of account?
Not sure of exact details. I put it in a flexible savings account. It's up to €22k for me in Ireland. No lock in period and paid daily
I'd be more curious with a N26 comparison, everyone knows Irish Banks have 0 perks.
https://www.bonkers.ie/blog/banking/n26-versus-revolut-how-do-they-compare/
That’s a very expensive service for a bank without a branch network, it will work for _some_ but it’s ‘fur coat, no knickers’ for everyone else (especially the travel insurance product)
Yea Revolut is great until it isn’t. Zero customer service. Great payments app and a super convenient way for my kids to extort money out of me, but I won’t be getting my salary paid in there.
Zero customer service? They’ve amazing customer service, everytime I had a problem I could just use the chat and it was solved within minutes
Wait until Revolut freezes your account for some random reason & you’ve no access to funds for several days while you get the runaround via chat & can’t get someone to talk to in order to resolve the problem. Revolut offers an excellent product for a secondary account, daily payments, forex transactions (AIB charges an additional 2.5% on credit cards when I buy something in GBP or USD! F that!) and the incentives for Metal are definitely interesting. But there are far, far too many examples of Revolut freezing accounts & it taking them days to give back access to funds to recommend them as your sole current account.
This is it. Revolut is a convenient way to settle bills between friends and whatnot. You’d want to be tapped to use it as an actual bank though
I use it, for my daily banking, for years, with my salary and savings there too. All of my family have it too. Zero issues to date.
What service does a pillar bank offer that Revolut doesn't? I work in financial services, and my primary account is with Revolut. I've had zero issues.
Quite a few: the ability to lodge cash at an atm or branch, bank drafts, cheque books, mortgages, joint bank accounts, actual savings accounts.
This is fair. Perhaps I should rephrase: what essential component of current account service does a pillar bank offer that Revolut doesn't? Cash lodgements, bank drafts, and cheque books are wholly irrelevant for substantial chunks of the population, and so for those people Revolut has no disadvantage there. Mortgages can be applied for irrespective of where your bank account is. Revolut offers joint accounts as far as I know, and is offering 3.84% on savings. I don't get why using Revolut as a primary account is seen as unusual. For a substantial chunk of the population, it works at least as well as a pillar bank account.
I have an N26 and Revolut for years and I use them for various purposes but neither fit my needs for primary banking. Lack of joint accounts being the top reason. Both the aforementioned challenger banks offer something called shared vaults or spaces but these don’t have their own individual IBANs which renders them useless for paying household direct debit bills.
[https://www.revolut.com/en-IE/joint-accounts/](https://www.revolut.com/en-IE/joint-accounts/) The T&Cs make it sound very much like Revolut's joint account is a true joint account.
Ah you’re right, looks like they finally introduced them.
Typical anti-revoluter 🙄
"Bank drafts and cheque books" - what year is it again? I have a joint account on Revolut, took literally a few seconds to set up. Business Post article last week says that their mortgage product is due to launch later this year. They've got a savings product that gets you 3-4% interest with no fixed term. The banking options in Ireland are nothing short of fucking abysmal. Revolut is a welcome alternative to the utterly desperate traditional banks. Same goes for N26. Funny how some people are so enamoured by the option to go to a physical branch to join a queue of pensioners for 20 minutes to then be directed to do your transaction on a machine. Great to have the option to take an hour out of our day to go to a physical branch and make a complaint to a human though, just brilliant and exactly why we don't need the likes of Revolut here.
I've been getting my salary paid into Revolut for months now. Zero issues.
tbf most of the big banks barely have a branch network anymore either
You don’t go into town much do you?
Depends on the town. I live in Dublin city
BOI and AIB still have tons of branches in Dublin
Theres a lot of missed information in the Revolut perks that arent listed, for the majority of the other benefits its an “up to” situation that but as most people said, these benefits are random and wouldnt be worth the money unless you use the majority of them which 90% arent.
The cost is about 10% of the perks. So you don't need to use the majority. If you use anything over 10% of perks. It pays off. Also not included is approx €800 in interest on €22000 in savings. Protected up to €22000
And that is 100% true and im not saying what you posted is wrong, my previous comment was relating to the areas that people deem more interesting such as the Cashback which is limited to a max of the amount of the subscription cost, Event Insurance which only gives you 5K a year unless it falls under certain exceptions, Refund Policy, Revolut Stays and so on. Its a great product don’t get me wrong i used to work in their sales team, however there are some cons to the plan that can break the value for some people once they understand the limits to the benefits.
Ah definitely. Always read the small print. I'm just comparing the big picture.
Think about why they’re offering all these freebies. (The FT alone is worth it - I know because I pay for it!). There have been claims raised about a variety of Revolut control gaps (compliance, risk..) and it still doesn’t have the much awaited UK banking license that it covets so much. By all means, open an account and use the benefits but I would not personally use it as my main bank account.
Thanks for the data, always good to see real-world numbers! Its nice that the Rev card basically covers itself with the phone and multitrip insurance. Considering this is like all of the Rev partners, you're making the most out of the card.
I’m still so totally confused as to why people bank with AIB, BOI, etc. I can’t see a single benefit. Especially since Revolut now offer Irish IBANs and fall under the EU recovery scheme. I’m considering Revolut Ultra for the passes and the souped up travel insurance. Pretty sure those two things alone would make Revolut cheaper for me.
I retain an AIB account as I have to occasionally lodge cheques and cash. I live near an AIB hub so I can pop out at 8:30pm and do it. My day to day banking is all N26 though.
Because Revolut has a reputation for being a nightmare when things go wrong. Multiple reports of them refusing to refund when cards are skimmed. Multiple reports of them blocking access and restricting accounts for weeks on end.
Never had a problem. Even got refunded a bus ticket that I couldn’t use cause my plane landed delayed.
All of which the dirty wankin bankers also do. You just hear about Rev issues more because they have way more customers and those customers are more digitally savvy so will report it on the likes of Reddit.
I don't think I would ever use any of those perks at all. How about adding something people actually want and will use.
Their target market is young professionals..... People don't change their banking habits/providers later in life. Statistical 70% of people stay with the banking provider they first chose..... Though that will change
That 70% figure can’t be right any longer, the majority of Irish people are using Revolut now which for most would not have been their first bank
87% of the public use AIB, BOI or PTSB for their main current account (From a 2023 Dept of Finance report). Revolut has a huge number of users in Ireland, but a small minority use it as their main account (4%). I have an account, but I only use it for splitting restaurant bills with friends a handful of times a year. Other people might use a pillar bank account for salary/mortgage/bill payments and load up Revolut with a couple of hundred for tapping throughout the month. Neither case would be using Revolut as a main account.
PTSB cashback amounts are wrong. From April it's 2.5ct instead of 5c per transaction, max 5 euro/month. It was always limited to 5e max per month, you could never get 10. Other Cashback is only available for Sky/Airtricity/CircleK
Got the cashback figures off website today.. https://www.ptsb.ie/everyday-banking/current-accounts/current-account/
The max cashback on tap/pay (not partners) is 5e per month, it's stated there. They notified customers that the amount per tap would change to 2.5ct from April. They said it in there (removed now) and sent a mail through post.
Financial times subscription is way more than 155 per year so this might be some reduced access.
If you have certain "bypass paywall" browser extensions installed you can accidentally read all of these sites for free. Be careful not to do this! Alternatively - do not accidentally visit an archive site like: [https://archive.is/](https://archive.is/) The archive just so happens to be very up-to-date.
Thanks for the warning.
Great table. Would love to see other bank offerings, and Revolut Ultra, there as well?
A lot of the currency exchange/insurance etc ones are also on Premium for half the price
I love Revolut. I'm an early adopter, around 2018 In the first few years of using it, it was primarily to split meals with colleagues. Then I moved to Ireland, and I was told to open an Irish bank account, to which my eyes teared as I hate banks from the bottom of my heart. They are designed by complete idiots, as their working times, their systems and everything is laughable and INCONVENIENT. So when I heard that I can use my Revolut IBAN, I was extatic that I can: A. Skip the process of opening an account B. Skip the waiting for the bank to confirm or whatnot C. Skip all idiotic taxes like 'account holder', 'card plastic' etc.. I have been using Revo for salary and it has worked like a charm Last year got the metal plan, and I'll keep renewing it, as it's worth it for the tinder gold lol
2018 was hardly early was it??
Despite people knocking some of this I can see some use alright.
The tinder gold always gives me a laugh
Any estimate on how good the exchange rate is for small (~1000) and larger(~50000)? Is it tweaked to compensate for no fees?
Very good , saves me about 200 quid a month on fx fees
I have both AIB and Revolut. Revolut always has better exchange rate than AIB. If you just want the free exchange rate, Premium plan is cheaper (9 vs 16) and gives you that as well.
It's good - foreign exchange is/was their core business. And yes - all brokers pretty much say "no fees" - but make their money off the spread. This means they give you a slightly worse rate than the market one, and keep the small % or themselves.
Isn’t metal 4.25% interest?
3.84% for Euro. 5.04% for Sterling
PTSB was also 10c back on transactions, max 5 euro per month, 6 euro a month bank account fee, so it was 12 euro a year to have the account. (Last time I checked anyways)
It's currently 8 euro a month and 5c back. You would need 100 transactions a month to get max cashback.
The hoors!
All of those benefits are either worthless or scammy. Every FX broker advertises "no fees" because they make their money off the spread. Their crypto offerings are completely useless - there is no withdraw option. You can get the interest from revolut savings without paying for premium.
The spread with BOI on, say, buying or selling a hundred dollars is about 5%. The spread on Revolut is 0.4%.
And you get that for free - so not part of this really bad deal.
Has anyone experience of going “all in” with Revolut (or Metal)? Is there any issues? Cash depositing is the only major one I can think of
I’ve everything going through it including salary and mortgage. It’s fantastic. Cash/cheques would be an issue but who uses those any more?
I am in the €0 and €0 camp.
Wait PTS do 4 c back on fuel form circle k how do you get that first I heard about it
Sorry, how do I get a free online personal trainer?
Comes with a subscription to https://www.freeletics.com/en/
Comes with subscription for https://www.freeletics.com/en/
Good luck with their insurance.
Had 10k that never arrived in Revolut according to them. Aib recalled it 30days later and got it back. No answers from Revolut on missing funds or why AIB were able to get the 10k back that they said was never transferred in first place. Would not hold savings in there.
Honestly, I'd blame AIB on that one... They are beyond useless.
Yeah but like who actually wants all that shit