12 months with Revolut as my main account and reviewing the benefits of a Revolut bank account

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  • Опубликовано: 8 сен 2024

Комментарии • 160

  • @Covalent5
    @Covalent5 3 года назад +7

    I’ve been using it as my main bank for years. I take my salary deposits in revolut with ZERO problems. I use revolut for very large sums of money with literally no problem. I passed SOF in 15 minutes once and that’s it. And now that they upgraded to a BANK which ensured my money up to 100K just like normal high street banks I have no doubt. People who say that they got blocked means something fishy happened. A high street bank can block your account as well to comply with KYC and AML. Play by the rules. Don’t blame the game!

    • @J.Polo707
      @J.Polo707 3 года назад +2

      Γεια σου Έλληνα πατριώτη πολύ ωραία τα είπες

    • @BenPaton81
      @BenPaton81  3 года назад +1

      Thanks for your comment I agree with this

    • @dopethings9328
      @dopethings9328 Год назад

      There is an issue with bank transfers now in UK

  • @ceejbee6872
    @ceejbee6872 4 года назад +15

    Good informative video Ben, I myself use Revolut as only my wife has a bank account, so now I only have to wait until the bills get paid, my teenage girls get their spends, the dog gets her snacks, the wife gets pampered, to see if anythings left over to transfer for me. Lol

    • @BenPaton81
      @BenPaton81  4 года назад

      Thanks CeeJayBee, sounds about right the last to get paid lol!

  • @bombaclatt7265
    @bombaclatt7265 3 года назад +5

    “Happy 2020” little did he know what was coming

    • @BenPaton81
      @BenPaton81  3 года назад +1

      Did I say that in the video? Lol oh well... who could have known?!

  • @darraghglennonmusic
    @darraghglennonmusic 4 года назад +6

    Very informative and well-explained video. Thank you!

    • @BenPaton81
      @BenPaton81  4 года назад +1

      Thank you, really kind of you to say so!

  • @andresgutierrez4411
    @andresgutierrez4411 4 года назад +1

    awesome video! thanks!

  • @rledden1
    @rledden1 2 года назад +1

    Very informative thank you

  • @BenM388
    @BenM388 3 года назад +1

    when you buy shares on revolution I believe they are not CFD also Revolut is not your stock broker either, they are nearly outsourcing you to a third party stock broker that you have probably never heard of, just like there interest savings pots which are out sourced aswell

    • @BenPaton81
      @BenPaton81  3 года назад +1

      Thanks for the information, you are right, you can see the name of the stock broker in some of the screens and e-mails from them

    • @BenM388
      @BenM388 3 года назад +1

      Ben Paton although the trading feature is fairly useful it is quite limiting with its free trades, if you like investing Trading 212 is the place to do it though with zero commission and a wider market, revolut started me off trading when i was still learning about it but I don’t use it anymore

  • @Sam-pn2kc
    @Sam-pn2kc 4 года назад +2

    Did not like the metal card felt plastic i wanted that metal sound when I drop it

  • @H80989
    @H80989 2 года назад +2

    Ben, please be honest. All I see on twitter is revolut blocking peoples account. what do you think this is ? do you think it is safe to keep my money in revolt? I have not seen the traditional banks blocking peoples account or people complaining all day long. if you could help please.

    • @BenPaton81
      @BenPaton81  2 года назад +1

      I don't think it's good that people's accounts are getting blocked, they must be blocked for a reason? I've not had any issues myself.

  • @Max-122
    @Max-122 3 года назад +2

    To use a revolut virtual card I have to transfer money from the normal revolut card to the virtual card? Or it takes money automatically from my revolut balance app?

    • @BenPaton81
      @BenPaton81  3 года назад +2

      Hello, the virtual cards take money from your normal balance, it's just another card number but has access to the same funds. You can find out more at blog.revolut.com/virtual-card/

    • @Max-122
      @Max-122 3 года назад

      @@BenPaton81 ah ok, thanks. Do you know if there is a way to transfer dollars from paypal to revolut if I'm in europe? The problem is that when I try paypal convert the dollars to euro and then transfer to my revolut, an this mean to pay crazy 4.5% commission to paypal... any idea how to avoid this?

    • @BenPaton81
      @BenPaton81  3 года назад

      I'm not sure why you are trying to go paypal to revolut, it sounds complicated. You can do that if you want but you can also go from your bank to revolut. I think you just need to work out the optimum time to convert from USD to EUR. Saying that when I go on holiday (before Covid lol) I just pay with my revolut card abroad, e.g. in Spain or Poland. The money in my Revolt card is in GBP and you can pay EUR or ZLT (in the case of Poland) transactions. It just converts each transaction. It's the lazy / what's easiest when I go on holiday approach. Not sure if it's the best way to convert financially, you wouldn't do it for a large lump sum but because there is zero commission fee with Revolut unlike with my HSBC card it seems like a really easy way to go. So I'm not sure why you just don't keep your Revolut balance in USD.

    • @Max-122
      @Max-122 3 года назад

      @@BenPaton81 Revolut is perfectly ok, but the problem is when I have dollars on paypal and I want to convert in eur... if I do it inside paypal or transfer dollars to revolut paypal apply 4,5% commission.
      And plus if I have to buy in dollars through paypal but I don't have dollars on account I have to transfer euro from revolut and then paypal will appply 4,% there too

  • @ynwa87
    @ynwa87 3 года назад +1

    Thanks for that insite

  • @bavers
    @bavers 10 месяцев назад +1

    Hi. Do you still use Revolut as your bank account?

    • @BenPaton81
      @BenPaton81  10 месяцев назад +1

      Yes I still use it as my spending account

  • @adeda8862
    @adeda8862 3 года назад +4

    What a benefit! Revolut it is a SCAM. My account have been blocked and I still waiting. No requesting documents, no info . Nothing . Such a big joke. Alot of people with same issue.

    • @BenPaton81
      @BenPaton81  3 года назад

      Sorry to hear that

    • @maltborg
      @maltborg 3 года назад +2

      @@BenPaton81 Yeah I'm not sure if Revolut bribed the offer to post this. But using it as your main bank account is a really bad idea. I use to be a Revolut evangelist singing it praises to everyone. Then I got into the verification nightmares still managed to work those out (even though the whole point of revolut for me was to have it on a burner phone without a simcard with no official ties to my declared taxable bank accounts).
      Thankfully Revolut has never blocked me as I never send money out of the app back to bank accounts. But its enough to check any of their social media facebook, twitter or linkedin to see all the trouble people are experiencing and we are taking about traders and premium users that get +10k euro/GDP blocked with no resolve time in sight.

  • @arthurstpnko2317
    @arthurstpnko2317 4 года назад +1

    Nive video , do you have standart , premium or metal account ?>

    • @BenPaton81
      @BenPaton81  4 года назад

      I just have the standard account

  • @a7eca13
    @a7eca13 3 года назад +1

    Hi, you didn't mention about paying in cheques or cash?
    Thanks

    • @BenPaton81
      @BenPaton81  3 года назад +2

      Good point, unfortunately you can't pay cheques or cash into Revolut. I wouldn't recommend Revolut to be your only account. I use it as my spending money account. I still have a more traditional bank account which I can pay cheques and cash into.

  • @stanthemafia
    @stanthemafia 4 года назад +3

    I just done the same, its miles better than Lloyds for example

    • @BenPaton81
      @BenPaton81  4 года назад +1

      Great, glad to hear you like Revolut too!

    • @mykeywazowsky
      @mykeywazowsky 3 года назад

      Revolut is owned by Lloyd s.

    • @stanthemafia
      @stanthemafia 3 года назад

      @@mykeywazowsky I thought they just guaranteed the deposits and Santander helped with infrastructure

  • @adrianvucovan4547
    @adrianvucovan4547 4 года назад

    How to activate my standard physical card?It writes to use pin 4 1st transaction but it was declined in a supermaket.PLs help.Thx

    • @BenPaton81
      @BenPaton81  4 года назад

      Hello, that's all you need to do, are you sure you were using the right pint and there's money in the account? Perhaps try again with a different retailer. Very occasionally I find one whose PED's don't work with Revolut

  • @robton007
    @robton007 2 года назад

    Thanks....I was wondering about the Google pay but you covered it.....is that the only bank acc you have now for everyday life? I am currently with Barclays,can you believe that Barclays does not link with Google pay ....that's crazy ....2021 and a bank want you to use there own app...where is the freedom of choice?
    What about direct debits ? Any problems? Does the free account cover a joint acc?
    By the way...is it visa?
    Many thanks

    • @BenPaton81
      @BenPaton81  2 года назад +1

      Hello, yes it is a visa card. Very occasionally I find somewhere which doesn't accept it like Asda's petrol station but no problems in 99% of places. It's not my only bank account, it's just where I put my day-to-day spending money and then it's easy to split expenses with my other half. Not sure if you can do a joint account. It works with google play fine, in fact most the time these days I pay with my phone's NFC so paying through google pay to my Revolut account. Indeed odd that Barclays have not caught up with this yet. I wouldn't recommend you put all your money into this account, just spending money and keep your bills coming out of a traditional bank account where your salary goes into if that makes sense.

  • @mtw9471
    @mtw9471 4 года назад

    You need to be aware Revolt does not have a banking licence. They have applied for a banking license but it has not been approved.

    • @BenPaton81
      @BenPaton81  4 года назад +1

      Thanks, let's hope they get that licence. Not sure what difference that would make? I only really keep spending money in Revolut.

    • @veloc1tyTV
      @veloc1tyTV 4 года назад +3

      @@BenPaton81 If they go out of business your savings are not protected IIRC

  • @projectlifestylemarketing4311
    @projectlifestylemarketing4311 4 года назад +1

    Great video! Thank you so much!!! :)

  • @TheWrightTimes
    @TheWrightTimes 4 года назад +1

    I've used Revolut for a few years but just for holidays. One gripe I have is they cannot do joint accounts, and one person cannot have another account, say for example for personal stuff

    • @BenPaton81
      @BenPaton81  4 года назад

      Thank didn't realise about joint accounts.

    • @ScottPC
      @ScottPC Год назад

      I know it’s a dated comment but you can now!

  • @FKadil
    @FKadil 3 года назад

    thanks , is it possible transfer money to Bangladesh from business account?

    • @BenPaton81
      @BenPaton81  3 года назад +1

      Sorry I'm not sure try Revolut support.

  • @alglond
    @alglond 3 года назад

    Help please. If I send money from my revolute to my friend who has revolute in Spain. Will they charge me due to the brexit new law?

  • @lilan1368
    @lilan1368 2 года назад

    Hi can I take money out from the Cashing machine with Revolut.
    Thank you

  • @markstevo4592
    @markstevo4592 4 года назад +1

    How to show iban no

    • @BenPaton81
      @BenPaton81  4 года назад

      Hello the IBAN number for the account shows in the Revolut app

  • @dopethings9328
    @dopethings9328 Год назад

    It does more than your regular banks. All my wages are paid into my revolut account, and I've had no issues. I don't understand these complaints

    • @BenPaton81
      @BenPaton81  Год назад +1

      Glad to hear from someone who has had a positive experience from Revolut as I have

  • @IrfanKamil
    @IrfanKamil 4 года назад +1

    it it true they always block the account if had a problem?

    • @BenPaton81
      @BenPaton81  4 года назад

      Could you explain a bit more about what you mean?

    • @Alphadec
      @Alphadec 4 года назад +1

      yes it is so stay away from Revolut its a pure scam

    • @nishuozenmeban
      @nishuozenmeban 4 года назад +1

      They do block your account, but they resolved it very fast as well, I am a current metal plan user and they blocked my access due to the security reason since I have two mobiles and tried to login from another device. Better not put a fortune there, maximum 300 euro or likewise, just refill your account a little more frequent instead of once in a well with a heavy load.

    • @IrfanKamil
      @IrfanKamil 4 года назад

      @@nishuozenmeban i see, quite make sense, thanks fyi!

    • @IrfanKamil
      @IrfanKamil 4 года назад

      @@BenPaton81 i mean lots of megarive comments on their social media account whom they hold/freeze

  • @arthurstpnko2317
    @arthurstpnko2317 4 года назад

    And can I get paid on Revolut? ( salary ) is there any bilance limits for standart accounts ?

    • @BenPaton81
      @BenPaton81  4 года назад

      Yes you can get paid into it. I move money into it with a standing order each month.

  • @mrvaspin8809
    @mrvaspin8809 4 года назад +1

    good video , thanks for the info

  • @mohsenhz3553
    @mohsenhz3553 3 года назад

    My revolut account is closed. Can someone help me? What should I do?
    Tanx

    • @BenPaton81
      @BenPaton81  3 года назад

      Sorry to state the obvious but have you tried contacting Revolut?

    • @therealgg5050
      @therealgg5050 2 года назад

      @@BenPaton81 how do you get hold of them, no phone number?

  • @sportgaming1321
    @sportgaming1321 3 года назад

    they block my card and i could not access my fund.....
    no body response in customer service pls everyone be careful and move your money from revolut

    • @BenPaton81
      @BenPaton81  3 года назад

      Sorry to hear of your experience

    • @sportgaming1321
      @sportgaming1321 3 года назад

      @@BenPaton81 Thank you boss it's a really tragic experience I'm having

    • @therealgg5050
      @therealgg5050 2 года назад

      Why did they block your account?and did you manage to get your money out?

  • @omranbizeek1031
    @omranbizeek1031 3 года назад

    Does Revolut visa has (3D secure) and eligible for international payment ??? Can I use it with expert option?
    I hope for ur reply soon

    • @BenPaton81
      @BenPaton81  3 года назад

      It does have 3D secure I believe. I'm not sure what you mean by expert option. Better check their website or ask them

    • @omranbizeek1031
      @omranbizeek1031 3 года назад +2

      @@BenPaton81 No it doesn't have 3D secure but soon it will be available

    • @omranbizeek1031
      @omranbizeek1031 3 года назад +1

      @@BenPaton81 they doesn't know they only needs card has 3D secure and eligible for international payment

  • @quicksmalltasksportalworke8918
    @quicksmalltasksportalworke8918 2 года назад +1

    NICE! Looks amazing! I subed! nice This is amazing! follow!

  • @Sillysafari20
    @Sillysafari20 4 года назад

    Is it possible to transfer Coinbase account to Revolut account..???

    • @BenPaton81
      @BenPaton81  4 года назад

      Seem like you can: medium.com/@emmanuelolajide/withdraw-from-coinbase-via-revolut-5fe8c65ee064

    • @truegent68
      @truegent68 3 года назад

      did you ever try this?

  • @andydidyouhear
    @andydidyouhear 3 года назад

    Can you use Revolut on your PC exclusively?

    • @BenPaton81
      @BenPaton81  3 года назад +1

      Sorry I'm not sure what you mean? It's a banking card and a phone app...

  • @Goodvibes-no9rp
    @Goodvibes-no9rp 4 года назад

    Can it be use in Philippines? How to see the rate?

    • @BenPaton81
      @BenPaton81  4 года назад

      Yes it looks like Revolut is available in the Philippines www.yugatech.com/news/revolut-to-launch-in-the-philippines/

  • @Cee7ota
    @Cee7ota 3 года назад

    Does it have paypoint?

    • @BenPaton81
      @BenPaton81  3 года назад

      No I don't think Revolut does

  • @gerald141
    @gerald141 2 года назад

    Can Revolut be used as a salary account

    • @BenPaton81
      @BenPaton81  2 года назад

      Yes I don't see why you couldn't do at least in the UK. The account has a sort code and account number. Personally I recommend using it as a spending account.

  • @hossaingroup7606
    @hossaingroup7606 3 года назад

    Hi sir, I'm checking if you gonna sell revolut verified account..because I need revolut account but I don't have any documents that revolut need.if you sell let me know please

    • @BenPaton81
      @BenPaton81  3 года назад

      Sorry I'm not interested

    • @sean_williams01
      @sean_williams01 3 года назад

      I sell revolut cards at good prices. Hmu if still interested

  • @dimitrromanov3846
    @dimitrromanov3846 Год назад

    Can you cheat and not pay taxes using Revol… ?

  • @ROOYBOYY23
    @ROOYBOYY23 3 года назад

    Keep with tesla

    • @BenPaton81
      @BenPaton81  3 года назад

      Ok, not sure what you mean?

    • @ROOYBOYY23
      @ROOYBOYY23 3 года назад +1

      They have been added to the s&p 500 and it's only going to take off on the stock market

    • @BenPaton81
      @BenPaton81  3 года назад

      Oh yes sorry thanks, I forgot I had bought Tesla shares back when I made this video, sadly I got out again before they really sky rocketed but I still made a profit.

  • @johnnypunish
    @johnnypunish 2 года назад

    Technically, Revolut is NOT a bank but Finance App company. Calling it a bank would be technically incorrect as it does NOT fall under the traditional legal definitions of a regulated bank by most country standards. Nevertheless, the digital age has created these FIN-TECH companies and they are superior to banks much like Bitcoin is far superior to fiat currency. I am bullish on Revolut

    • @BenPaton81
      @BenPaton81  2 года назад +2

      Two years on I'm still using Revolut as my main spending account and have had zero issues with them, touch wood. The main advantage I find is easily splitting bills with my girlfriend. I'm bullish on revolut as well.

  • @Sam-pn2kc
    @Sam-pn2kc 2 года назад

    Are you still using? give us a update

    • @BenPaton81
      @BenPaton81  2 года назад

      Yep I still use Revolut today for my day-to--day transactions. The main feature I like is enables me to easily split transactions with my partner

  • @robchandler5426
    @robchandler5426 4 года назад +1

    You need to have a shave 😂

    • @BenPaton81
      @BenPaton81  4 года назад +1

      So do you most the time :) I'm trying out the beard look for the new year