Are there any limitations to using Revolut or similar cards in Berlin? [duplicate]

1. Can I use Revolut in Germany?
2. Does Revolut show up on credit report?
3. Can I use Revolut as a current account?
4. What happens if I cancel Revolut metal?
5. Is Revolut free to use abroad?
6. Which is better TransferWise or Revolut?
7. Can Revolut be traced?
8. Is my money safe in Revolut?
9. Is money in Revolut protected?
10. What happens if Revolut goes bust?
11. Can you have 2 accounts on Revolut?
12. Can I transfer money from Revolut to my bank account?

Can I use Revolut in Germany?

As of today, Revolut's German users will be able to connect and interact with bank accounts from major German banks Comdirect, Commerzbank, Deutsche Bank, ING-DiBa and Sparkasse. ...

Does Revolut show up on credit report?

Revolut isn't a real bank account anyway so certainly no credit report implications. Monzo doesn't do a hard check to open it, but it does show as an open account on your credit report, not that it affects much. ... You should definitely move your money out of Revolut.

Can I use Revolut as a current account?

You can send and receive money, hold money in your account and use your card for in-store and online purchases. ... If Revolut gets a banking license, the company will be able to offer full-service current accounts with overdrafts and loans in the U.K. Revolut could also offer credit cards.

What happens if I cancel Revolut metal?

**If you order a physical Revolut Metal card and subsequently cancel your Metal membership within the first 14 days of upgrading your Revolut account, we will charge you £50 (or currency equivalent) for your use of the Metal Services during that time.

Is Revolut free to use abroad?

How does Revolut work abroad? Revolut's customers can use the physical, pre-paid currency card to make payments abroad fee-free using the interbank exchange rate in over 150 currencies. ... Revolut's customers can also transfer money to bank accounts for free in over 150 countries using the interbank exchange rate.

Which is better TransferWise or Revolut?

TransferWise is better than Revolut for guaranteeing the amount the recipient will receive from a bank transfer. Transferwise has local accounts for all their currencies. And they will use that to guarantee the amount received by the recipient.

Can Revolut be traced?

Banks cannot track what you spend 'within' Revolut, but they can of course see how much you transfer to them each month etc. ... That is their prerogative when you sign the forms applying for a loan with the bank... You are technically agreeing to disclose your financial situation.

Is my money safe in Revolut?

They are both licensed banks and are covered by the Financial Services Compensation Scheme in the same way that the big high street banks are. ... For example, despite the messaging on Revolut's website of being 'better than your bank account,' Revolut is not a bank, nor is any money you hold with it covered by the FSCS.

Is money in Revolut protected?

As an authorised institution, Revolut safeguards your funds as per regulatory requirements. Safeguarding protects you because, in the event of an insolvency of Revolut, you will be able to claim your funds from this segregated account and your claim will be paid above all other creditors.

What happens if Revolut goes bust?

If Revolut were to become insolvent, customers would be able to claim this money back from JP Morgan. According to EU rules, depositors will get their funds back in priority to all other creditors. So Irish Revolut users can take comfort from this.

Can you have 2 accounts on Revolut?

The short answer, simply, is yes – you can have as many as you like. In fact, there are good reasons why you should be open to using more than one current account.

Can I transfer money from Revolut to my bank account?

Can I transfer money from Revolut to my bank account? Yes you can! You can transfers money to a bank account in up to 31 supported currencies and set up beneficiaries for regular transfers.