Do we have any Revolut users on here? If so, what do you guys think of them? I’ve just seen that they’re launching a subscriptions feature 
Amazing stuff from Revolut 
Are you guys still using Revolut?
@myEMMA, @davold, @solcache, @BendikHa, @Seb, @grant.m, @Alex
1 Like
I don’t use it for much TBH.
My son (8) has their junior card so I use it for his pocket money (there is no ongoing fee for this which makes it better than the other options out there).
Otherwise it is a backup option when overseas (with Curve as primary)
Yes, I still use them primarily for their multi-currency abilities.
I’ve been pretty impressed with how they have just kept piling on the features for the past few years, but I haven’t actually needed to use any of the newer features yet.
My brother is a big fan of Revolut trading but I haven’t used it yet!
I am the same.
Got the card in 2016, used it for a holiday, then never touched it again. 
I still just use it to cycle spending via my aqua rewards card (no longer available).
I use Revolut to do the spends needed on some current accounts with a Debit card, as it’s quick to get the money back from Revolut.
1 Like
Ohhh, I see @BendikHa is here we actually know each other from Revolut forums 
For the record though, Revolut’s valuation doesn’t make sense. They’re not profitable and burn millions on the yearly (perhaps even going into the hundreds of millions?). Their technology is the only reason you’d acquire them.
Lloyds, NatWest Group, Barclays and HSBC all are very undervalued and Revolut is very overvalued.
Imagine Lloyds who made a profit of over 1bn (and that’s on a BAD year) and having Revolut valued 70% of Lloyds valuation.
Private equity firms need to return to value based investing because right now they’re paying a premium for zero reason
1 Like
Thoughts??
1 Like
Revolut focus on quantity rather than equity, for some reason they always just have others providing their products instead of doing it in-house and guaranteeing good margins
2 Likes
"Workers will be able to draw as much as half of their salary as they earn it weeks before payday under a new service being launched by a British bank.
Revolut, which has 3.5 million UK customers, will charge a flat fee of £1.50 every time a user accesses the pay they have accrued throughout the month, up to a limit of 50 per cent earned the day after each new pay cycle begins."
Do you think this is a good idea?
2 Likes
Not a good idea!
It seems like these wage advance things are the next payday loans; a very easy way to get trapped into debt and end up paying predatory rates of interest.
2 Likes
I agree with @Seb. If you need to do this it’s very easy to find yourself not able to get back out of it.
It’s one thing to get your wage early by a day, but getting it possibly weeks early is just asking for trouble.
1 Like