Love your Revolt videos. I love the app and using more and more now. I did upgrade to the Ultra plan as I loved the partner subscriptions. NordVPN and Deliveroo. Plus I really like the physical platinum card. But I have decided to down grade to Premium. I still get the NordVPN and the Deliveroo. Also I still get to keep and use the Platinum card. I did have to pay a month break fee but over all I will be saving £37 a month. I think the Premium plan is amazing value now.
Thanks a lot and fully agreed, Premium is a steal at this price, Revolut now really needs to step up their Ultra offering, otherwise many people, possibly even myself, might downgrade in the future. Cheers
What plan would you recommend for receiving a one-time large payment? I’ve been abroad for six months and bought a car that I’m now selling. The buyer wants to pay me in the local currency, but I don’t have a local bank account. I’d prefer not to carry a large amount of foreign cash back home. What should I do?
Hi 👋 If you're looking to receive a one-time large payment in a foreign currency without holding a local bank account, Revolut is a solid option. Here’s what you can do: Receiving Large Payments with Revolut: No Maximum Limit for Incoming Transfers: Revolut allows you to receive large amounts via bank transfer, but the sending bank may have its own limits. Make sure to check this with the buyer. Plan Recommendations: All Revolut plans allow you to receive payments. However, higher-tier plans like Premium or Metal offer added perks such as higher currency exchange limits and lower fees for international transfers. If you’re dealing with a large amount or planning to exchange it, upgrading might be worthwhile. Steps to Proceed: Share Your Revolut Account Details: Provide your IBAN and other required details to the buyer to facilitate the transfer. Convert the Currency: Once the payment is in your Revolut account, you can convert it to your home currency within the app. Be mindful of exchange limits tied to your plan. Transfer to Your Home Bank Account: After converting the funds, you can send them to your primary bank account if needed. Important Considerations: Verification for Large Transfers: Revolut may ask for documentation to verify the source of the funds for regulatory compliance. Be prepared to provide proof of the transaction. Currency Exchange Fees: Large conversions may exceed fair usage limits in standard plans, which can result in fees. Premium or Metal plans can help reduce costs in such cases. Transfer Limits: While Revolut doesn’t cap incoming amounts, check with the sending bank to ensure smooth processing. By using Revolut, you can receive the payment securely without needing to handle large sums of cash or open a local bank account. Cheers
I have decided to go with Metal as I started looking at Revolut simply due to that one perk of the FT. The extra £30 a month for ultra is not worth it for me. One important part to clarify if you make another video on Revolut is the car hire insurance. It only covers the EXCESS. This means you should still buy car insurance when you go abroad. You usually have to pay a few hundred euros in excess to cover any damage so you don't have to pay thousands but, that excess part you would usually lose. Revolut protect that excess amount, they don't offer full insurance. Just thought worth calling out as your description of it in this video made me think it covered me fully. Thanks for helping me come to Metal as being the right plan for me!
Hey Tom👋 Super glad to hear you're going with the Metal plan - it's a sleek choice! 👌 And you're absolutely right about the car hire insurance. It's a crucial point and I appreciate you bringing it up. 🙏 Revolut's car hire insurance indeed covers only the excess, not the whole shebang. It's like having a safety net for the "just in case" moments, but not the full armor. I'll make sure to highlight this in future videos to avoid any confusion. 🎥💡 Thanks a ton for your feedback and well done on joining the Metal squad💥 Cheers
Hi Tom, I’m curious to understand better what you mean by excess amount and how car insurance really works. I couldn’t find a clear answer online so I thought I might ask you directly
Hi and no, sadly you can't trade them for others. If you sign up for any of those services, it's very easy and Revolut app will guide you through the process. My wife also made sure I can't use Tinder app 😂
Hi, great video thanks. Quick question to anyone that knows regarding the travel insurance. It's my understanding that Premium covers the card holder and children but Metal also includes partner or cohabitant and children. Can anyone confirm. My info is from the 'Welcome' pages of the policy booklets for both products. If I'm right this is a big advantage Metal has over Premium??
Hi Kai@@SmartMoneywithKai , Yes indeed I did and they have since replied. They have confirmed that the Premium card only covers card holder and children and that the Metal card covers card holder, partner or cohabitant and children. Quite an important difference to a lot people I would imagine? I actually emailed Chubb who are the insurance company providing the cover.
Hi there and welcome to the investing world😉 I would recommend all except for Revolut for investing. Lightyear is a great option if you are beginner, perfect interface and commission-free ETF's which might be best suited for you as a beginner. Later on you can add IBKR to the mix. I am using both. Cheers
That would be great, they really should if they want to keep people on the plan since now Premium & Metal definitely offer more value for money. Cheers
Agreed, I guess depending on how WeWork might proceed from here. In general I love their locations and interiors but if they go down, then spaces might be a great alternative👌
Hi, you mean ATM withdrawal limits? Sadly they still have them, even on Ultra plan only up to €2K and anything over charged at 2% which is way too much. For ATM withdrawals I much prefer Trade Republic card which is free without limit over €100 👌
@@SmartMoneywithKai im from Portugal. I can withdrawal until 5k a day without paying any fee here in Portugal and in EU. I have metal and i only have 800€ month limit outside Europe. Its only possible to see in the app. Go to settings and then click at your plan name. The website has wrong info
Strange, I am on Ultra plan and can only take out €2K and am being charge 2% on anything above which happened to me last month:( This is a bit disappointing to be honest, which it was without limit especially on their top plan...
@@SmartMoneywithKai im without limits since April.I just notice because i needed to pay for a work at home. My comments are with a delay but i put a printscreen to you to check. its in Portuguese but you can translate the text and check that it has no limits. just outside EU. Regards
Thanks a lot for the detailed comparison. I’m moving to Czech Republic for 3 to 5 years from Germany and I’m wondering if it’s possible to get an IBAN from Revolut as the only bank account and receiving salary or will I still need a regular Czech bank account and move money to Revolut manually?
Hi 👋 Glad you found the comparison helpful! Here’s what you need to know about using Revolut as your main bank account in the Czech Republic: Using Revolut: IBAN Availability: Revolut does provide IBANs, which you can use to receive your salary. They offer local IBANs for many countries, but you should check if they provide a local Czech IBAN or a Euro IBAN. But it looks like they do help.revolut.com/en-CZ/help/receiving-payments/transfers-info/international-iban/business/ Salary Payments: Many employers will accept an IBAN from Revolut for salary payments. However, it’s best to confirm with your new employer in the Czech Republic to ensure they can transfer your salary to a Revolut account. Considerations: Local Services: Having a local Czech bank account might still be beneficial for accessing local banking services, ATMs, and potentially lower fees for certain transactions. Manual Transfers: If your employer prefers a local Czech bank, you might need to open a Czech account and then transfer funds to Revolut manually. In summary, while you can potentially use Revolut as your primary account, it’s a good idea to have a local bank account as a backup to ensure smooth financial transactions in the Czech Republic. Cheers, Kai
Hi and yes, you can use your Wise card to send money to Africa. Here's how: Create an Account: Sign up for a Wise account if you don’t have one. Set Up the Transfer: Log in, select “Send Money,” and enter the amount and recipient details. Choose Payment Method: Pay using your Wise card. Confirm and Send: Review and confirm the transfer details. Cheers.
Revolut offers various account plans-Standard, Plus, Premium, Metal, and Ultra-each with distinct features. All plans provide personal account details, enabling you to receive your salary directly into your Revolut account. The choice of plan depends on your specific needs: Standard Plan: A free option that includes essential banking services. Plus, Premium, Metal, and Ultra Plans: These paid plans offer additional benefits such as higher interest rates on savings, enhanced customer support, and other perks. If your primary goal is to receive your salary, the Standard plan suffices. However, if you're interested in extra features like higher savings interest rates or premium services, exploring the paid plans might be beneficial. To set up salary deposits, provide your employer with your Revolut account details, which can be found in the app under 'Home' > 'Add money' > 'Regular Bank Transfer'. Cheers
Hi Sandwell, thanks a lot, glad to hear that🙏To use it, absolutely, so many benefits. To switch your salary, up to you. I still get it in my local bank account and then transfer funds whenever I need them to Revolut which is near instant so totally up to you but the platform itself is fantastic👌 Cheers
Hi 👋 If you're living in France and considering Revolut, the Standard plan is a solid start. It’s free and gives you the basics like foreign exchange and budgeting tools. If you need more features like higher withdrawal limits or travel insurance, check out the Premium or Metal plans. Personally I am on the Ultra plan and love it, but I also travel a lot and spend a bit more per month so it makes sense for me. Cheers
Hi there. That was with regards to investments that’s why I don’t invest with them. As for my money all good. Protected up to €100K and insured up to €22K for my savings interest account 👌
Usually once a month on average so technically it pays for itself, especially if I consider Revolut Pro cashback, but now with those new features and benefits for Premium & Metal I would really think twice to extend my Ultra card.
Hi and depends on your budget and needs, but I think Premium with unlimited monthly FX and many other perks could be a good start or if you spend a lot and travel a lot Ultra might be a better fit, which is what I am on and love it 👌
😂😂😂Internet police here? No, as I didn’t have a business nor did I claim it for tax credit purposes. Just paid it with my Revolut Pro card so it’s a question whether Revolut approved these payments which they did. It’s food & venue so really nothing unusual here but thanks for checking in😉
@@SmartMoneywithKai Thanks for your reply, in your video as well in that comment you are implying that it's not a big deal to get gains (no matter how little on your opinion) from a business card/account. That might be quite misleading for other people watching this video. The fact that Revolute approved it doesn't mean that it's legal. It's same situation as with taxes and self assessment. Everything is a business experience until you get caught. Good video, but just one need to be careful with such matters
@@digidimasta Thanks for your comment but again to clarify I mentioned business expenses as Revolut defines it to pass it as a Pro payment, since I don’t claim the money from the government I pay full tax like everyone else on it. Details matter don’t just judge something without knowing the full context 😉 Have a great day.
@@wheelsoffire2281 Things happen, we’ve seen this with banks like Silicon Valley Bank for example and Crypto Exchanges like FTX. Better safe than sorry 😉
![BLACK BAG - Official Trailer [HD] - Only in Theaters March 14](http://i.ytimg.com/vi/Du0Xp8WX_7I/mqdefault.jpg)
⚡ ALL MY FAVOURITE TOOLS
smartmoneywithkai.com/tools
Love your Revolt videos. I love the app and using more and more now. I did upgrade to the Ultra plan as I loved the partner subscriptions. NordVPN and Deliveroo. Plus I really like the physical platinum card.
But I have decided to down grade to Premium. I still get the NordVPN and the Deliveroo. Also I still get to keep and use the Platinum card. I did have to pay a month break fee but over all I will be saving £37 a month. I think the Premium plan is amazing value now.
Thanks a lot and fully agreed, Premium is a steal at this price, Revolut now really needs to step up their Ultra offering, otherwise many people, possibly even myself, might downgrade in the future. Cheers
Do I have to pay fees when I send money to others if I use the standard plan and also when I go cash out from an atm?
For plus you can only withdraw like 200 bucks form atms right
Surly metal plan alone is worth it for nord vpn and uber one?
Is cashback also when transferring money to other people?
What plan would you recommend for receiving a one-time large payment? I’ve been abroad for six months and bought a car that I’m now selling. The buyer wants to pay me in the local currency, but I don’t have a local bank account. I’d prefer not to carry a large amount of foreign cash back home. What should I do?
Hi 👋
If you're looking to receive a one-time large payment in a foreign currency without holding a local bank account, Revolut is a solid option. Here’s what you can do:
Receiving Large Payments with Revolut:
No Maximum Limit for Incoming Transfers: Revolut allows you to receive large amounts via bank transfer, but the sending bank may have its own limits. Make sure to check this with the buyer.
Plan Recommendations: All Revolut plans allow you to receive payments. However, higher-tier plans like Premium or Metal offer added perks such as higher currency exchange limits and lower fees for international transfers. If you’re dealing with a large amount or planning to exchange it, upgrading might be worthwhile.
Steps to Proceed:
Share Your Revolut Account Details: Provide your IBAN and other required details to the buyer to facilitate the transfer.
Convert the Currency: Once the payment is in your Revolut account, you can convert it to your home currency within the app. Be mindful of exchange limits tied to your plan.
Transfer to Your Home Bank Account: After converting the funds, you can send them to your primary bank account if needed.
Important Considerations:
Verification for Large Transfers: Revolut may ask for documentation to verify the source of the funds for regulatory compliance. Be prepared to provide proof of the transaction.
Currency Exchange Fees: Large conversions may exceed fair usage limits in standard plans, which can result in fees. Premium or Metal plans can help reduce costs in such cases.
Transfer Limits: While Revolut doesn’t cap incoming amounts, check with the sending bank to ensure smooth processing.
By using Revolut, you can receive the payment securely without needing to handle large sums of cash or open a local bank account.
Cheers
The subscription benefits are still not available for germany. Hope they will be rolled out there soon.
Hi there, thanks for sharing and that's a shame, hope they'll be added soon🤞 Cheers
Das heißt, dass sich aktuell kein Upgrade lohnt und die Standardversion ausreichend ist?
Thanks for a very concise review, definitely helped :)
Hi James, awesome to hear that and my pleasure ✌️ Cheers
I have decided to go with Metal as I started looking at Revolut simply due to that one perk of the FT. The extra £30 a month for ultra is not worth it for me.
One important part to clarify if you make another video on Revolut is the car hire insurance. It only covers the EXCESS. This means you should still buy car insurance when you go abroad. You usually have to pay a few hundred euros in excess to cover any damage so you don't have to pay thousands but, that excess part you would usually lose. Revolut protect that excess amount, they don't offer full insurance. Just thought worth calling out as your description of it in this video made me think it covered me fully.
Thanks for helping me come to Metal as being the right plan for me!
Hey Tom👋 Super glad to hear you're going with the Metal plan - it's a sleek choice! 👌 And you're absolutely right about the car hire insurance. It's a crucial point and I appreciate you bringing it up. 🙏
Revolut's car hire insurance indeed covers only the excess, not the whole shebang. It's like having a safety net for the "just in case" moments, but not the full armor. I'll make sure to highlight this in future videos to avoid any confusion. 🎥💡
Thanks a ton for your feedback and well done on joining the Metal squad💥 Cheers
Hi Tom, I’m curious to understand better what you mean by excess amount and how car insurance really works. I couldn’t find a clear answer online so I thought I might ask you directly
How does Revolut give you access to the subscriptions, for Tinder etc? Is it possible to sell them on if you wont use them?
Hi and no, sadly you can't trade them for others. If you sign up for any of those services, it's very easy and Revolut app will guide you through the process. My wife also made sure I can't use Tinder app 😂
@@SmartMoneywithKai appreciate the reply, thank you!
It gives you a promo code and asks you to sign into tinder
Hi, great video thanks. Quick question to anyone that knows regarding the travel insurance. It's my understanding that Premium covers the card holder and children but Metal also includes partner or cohabitant and children. Can anyone confirm. My info is from the 'Welcome' pages of the policy booklets for both products. If I'm right this is a big advantage Metal has over Premium??
Hi Darrel, good question and I am not sure about that. Did you write to support? They should be able to guide you on that. Cheers
Hi Kai@@SmartMoneywithKai , Yes indeed I did and they have since replied. They have confirmed that the Premium card only covers card holder and children and that the Metal card covers card holder, partner or cohabitant and children. Quite an important difference to a lot people I would imagine?
I actually emailed Chubb who are the insurance company providing the cover.
@@dazappleby Thanks a lot for the update, good to know 👌 Cheers
Im new into trading.How should I start and where? I installed Revolut,Lightyear and IB.Which one of those 3 you recommend?
Hi there and welcome to the investing world😉 I would recommend all except for Revolut for investing. Lightyear is a great option if you are beginner, perfect interface and commission-free ETF's which might be best suited for you as a beginner. Later on you can add IBKR to the mix. I am using both. Cheers
@@SmartMoneywithKai tysm sir, should I stop using Revolut or does it have some good benefits since I shoudnt use it for investing/trading?
You can still use Revolut, I do too, just for investing I think the other apps are superior, but the choice is yours😉
@@SmartMoneywithKai do you recommend any other apps or lightyear and ibs are fine?
Also Trading 212, so those 3 are more than enough to get you started😉 Good luck
Revolut said they are making ultra even better
That would be great, they really should if they want to keep people on the plan since now Premium & Metal definitely offer more value for money. Cheers
Hope they change from wework to spaces as its in more small citys
Agreed, I guess depending on how WeWork might proceed from here. In general I love their locations and interiors but if they go down, then spaces might be a great alternative👌
theres no limit to withdrawals in Europe. Now the limit its for outside Europe. You can check the app. The website has wrong info. Regards
Hi, you mean ATM withdrawal limits? Sadly they still have them, even on Ultra plan only up to €2K and anything over charged at 2% which is way too much. For ATM withdrawals I much prefer Trade Republic card which is free without limit over €100 👌
@@SmartMoneywithKai im from Portugal. I can withdrawal until 5k a day without paying any fee here in Portugal and in EU. I have metal and i only have 800€ month limit outside Europe. Its only possible to see in the app. Go to settings and then click at your plan name. The website has wrong info
Strange, I am on Ultra plan and can only take out €2K and am being charge 2% on anything above which happened to me last month:( This is a bit disappointing to be honest, which it was without limit especially on their top plan...
@@SmartMoneywithKai im without limits since April.I just notice because i needed to pay for a work at home. My comments are with a delay but i put a printscreen to you to check. its in Portuguese but you can translate the text and check that it has no limits. just outside EU.
Regards
Nice, glad for you, I wish I had it too:) Need to take a lot of cash now so this would be helpful 😉
Thanks a lot for the detailed comparison. I’m moving to Czech Republic for 3 to 5 years from Germany and I’m wondering if it’s possible to get an IBAN from Revolut as the only bank account and receiving salary or will I still need a regular Czech bank account and move money to Revolut manually?
Hi 👋
Glad you found the comparison helpful! Here’s what you need to know about using Revolut as your main bank account in the Czech Republic:
Using Revolut:
IBAN Availability: Revolut does provide IBANs, which you can use to receive your salary. They offer local IBANs for many countries, but you should check if they provide a local Czech IBAN or a Euro IBAN. But it looks like they do help.revolut.com/en-CZ/help/receiving-payments/transfers-info/international-iban/business/
Salary Payments: Many employers will accept an IBAN from Revolut for salary payments. However, it’s best to confirm with your new employer in the Czech Republic to ensure they can transfer your salary to a Revolut account.
Considerations:
Local Services: Having a local Czech bank account might still be beneficial for accessing local banking services, ATMs, and potentially lower fees for certain transactions.
Manual Transfers: If your employer prefers a local Czech bank, you might need to open a Czech account and then transfer funds to Revolut manually.
In summary, while you can potentially use Revolut as your primary account, it’s a good idea to have a local bank account as a backup to ensure smooth financial transactions in the Czech Republic.
Cheers,
Kai
Please can I use wise card to send money to Africa
Hi and yes, you can use your Wise card to send money to Africa. Here's how:
Create an Account: Sign up for a Wise account if you don’t have one.
Set Up the Transfer: Log in, select “Send Money,” and enter the amount and recipient details.
Choose Payment Method: Pay using your Wise card.
Confirm and Send: Review and confirm the transfer details.
Cheers.
Which one of these cards the best to receive your salary ?
Revolut offers various account plans-Standard, Plus, Premium, Metal, and Ultra-each with distinct features. All plans provide personal account details, enabling you to receive your salary directly into your Revolut account. The choice of plan depends on your specific needs:
Standard Plan: A free option that includes essential banking services.
Plus, Premium, Metal, and Ultra Plans: These paid plans offer additional benefits such as higher interest rates on savings, enhanced customer support, and other perks.
If your primary goal is to receive your salary, the Standard plan suffices. However, if you're interested in extra features like higher savings interest rates or premium services, exploring the paid plans might be beneficial.
To set up salary deposits, provide your employer with your Revolut account details, which can be found in the app under 'Home' > 'Add money' > 'Regular Bank Transfer'.
Cheers
@ I’ve opened up an account but I accidentally have an ES IBAN i want to change it to An FR IBAN
how can i do it?
I am just asking if I can use it for buying cryptocurrency like p2p like 60k a month without closing The account thenks
Hi and yes, I have not done it, but if you wanted to, you could buy it, but p2p not supported. Cheers
Hey kai
Lovely video there.
Would you advice me to switch to revolut as main account and even receive my wages there?
Hi Sandwell, thanks a lot, glad to hear that🙏To use it, absolutely, so many benefits. To switch your salary, up to you. I still get it in my local bank account and then transfer funds whenever I need them to Revolut which is near instant so totally up to you but the platform itself is fantastic👌 Cheers
Thank you very for your quick response. I will do instant transfer too whenever needed.
@@sandwelljohnson8157 My pleasure and yes, that makes perfect sense💯
I live in France I don’t know which one is good for me in revolut
Hi 👋
If you're living in France and considering Revolut, the Standard plan is a solid start. It’s free and gives you the basics like foreign exchange and budgeting tools. If you need more features like higher withdrawal limits or travel insurance, check out the Premium or Metal plans. Personally I am on the Ultra plan and love it, but I also travel a lot and spend a bit more per month so it makes sense for me.
Cheers
I remember you had some safety concern in terms of Revolut back to few months ago. Now it's all good?
Hi there. That was with regards to investments that’s why I don’t invest with them. As for my money all good. Protected up to €100K and insured up to €22K for my savings interest account 👌
How many time do you fly per month? And use wework? Looks like metal is good for you kai and you get a discount on the lounge
Usually once a month on average so technically it pays for itself, especially if I consider Revolut Pro cashback, but now with those new features and benefits for Premium & Metal I would really think twice to extend my Ultra card.
Is Revolut your main bank account?
Hi and no, for day to day yes, but I don’t keep all my funds there, instead I distribute it over different banks/brokers👌
Never go to any retail business that doesn't except cash.
Hi there👋 Not sure what you mean by that?
@@bitcointothemoon4153 I also can't remember the last time I paid with cash 😂
Never take advice from someone who can't spell accept.
Never take advice from someone who can't spell accept.
@@graham0😂😂
is this video still relevant after more then 6 months?
Hi and yes, little changes here and there, but mostly still relevant 👌
I am an international student from Japan studying in the uk. What plan do you recommend? My parents send me money quite often in yen.
Hi and depends on your budget and needs, but I think Premium with unlimited monthly FX and many other perks could be a good start or if you spend a lot and travel a lot Ultra might be a better fit, which is what I am on and love it 👌
You're wedding was a business expense?
Why not😂 But so far I put pretty much most expenses on the card for the cashback and it all went through 🙏
@@SmartMoneywithKai Revolut can close your account for that, and lose all your money
Damn you're rich
18K euros !!!😂
I don't know about that, I guess it's a relative concept 😉
So you said that you covered you wedding expenses using cashback from a PRO card? Isn't that you have just have admitted committing a crime.
😂😂😂Internet police here? No, as I didn’t have a business nor did I claim it for tax credit purposes. Just paid it with my Revolut Pro card so it’s a question whether Revolut approved these payments which they did. It’s food & venue so really nothing unusual here but thanks for checking in😉
@@SmartMoneywithKai Thanks for your reply, in your video as well in that comment you are implying that it's not a big deal to get gains (no matter how little on your opinion) from a business card/account.
That might be quite misleading for other people watching this video.
The fact that Revolute approved it doesn't mean that it's legal. It's same situation as with taxes and self assessment. Everything is a business experience until you get caught.
Good video, but just one need to be careful with such matters
@@digidimasta Thanks for your comment but again to clarify I mentioned business expenses as Revolut defines it to pass it as a Pro payment, since I don’t claim the money from the government I pay full tax like everyone else on it. Details matter don’t just judge something without knowing the full context 😉 Have a great day.
Never trust revolut …
I did for many years with my own money and zero issues. But I still use different services never keep all funds in only one place.
Why?
@@wheelsoffire2281 Things happen, we’ve seen this with banks like Silicon Valley Bank for example and Crypto Exchanges like FTX. Better safe than sorry 😉
Love revolute.... Best...
Great to hear 🙌 Cheers
How can I get your contact?
Hi👋 You can find all my details & contacts here links.smartmoneywithkai.com Cheers