@@RodrigoroRex of course they do, all companies wash their hands with this little asterisk in the contracts, but this doesn't mean that it's okay. Look at Disney's recent evil attempt to wash their hands with the TOS, of course they'll include everything they want in the contracts. Idk, companies know how to get away with 💩, but it doesn't mean that what they do is fair.
One of the reasons I decided to upgrade to Metal is because of Classpass. I was currently paying 35€ a month for a gym where I barely went too. I tried out class pass and liked it more as I prefer going to different classes twice a week. I pay a couple of more points from class pass and all together a month is like 40€ (5€ more comparing to the gym) and it's worth it as I have all the other benefits from Revolut!
This is it! In the right hands, these higher-tier plans can provide so much value, I had a similar experience with the FT digital which was costing me £35/month, Ultra was only an extra £10 and had all the additional benefits. Glad to hear you're getting the most from it. ^Jonny
Honestly, I think Rev is on the track to do a good job. There are some things they've 'dropped' and forgotten. But, They're doing good. More coverage would be nice though. We can't get Ultra in Japan to my understanding which I would love to have. The cashback and travel insurance is.. quite sad, I'd like them to see them replace it with a more balanced option/service.
I would mostly agree with you, I think they are doing a great job but I still feel that Premium is being a bit neglected, and I'd love to see more travel benefits like I mentioned in the video. I'm fascinated by the fact that you're a Japanese Revolut user, I haven't spoken to many in Japan. Is there anything that comes close to Revolut over there? ^Jonny
Well that’s dropped a bombshell… I’m with metal plan, but a huge draw for me was the travel insurance and seeing it’s only valid if I pay 75% of the holiday on my Revolut card is incredible! I’m unlikely to continue my subscription now as I don’t use the subscriptions so the card is now hugely devalued for me as a travel companion.
Hey Peter, given the annual cost of Metal is roughly £180, and annual multi-trip insurance with good coverage can cost less than £100 (using data from Money Supermarket) I don't think the travel insurance alone is enough to justify the cost of Metal. I recommend looking at the plan to see if you can derive value from the subscriptions or other perks. Cheers. ^Jonny
How do you mean? They've added so many perks to the higher-tier plans that their value has increased, this is particularly obvious with Ultra. Since launching it hasn't increased in price but has gained additional benefits. ^Jonny
Same. My work was related to travelling, it was a great travel companion. I paid the annual plan until now, which will expire in november. I wont be renewing it, flight delay was a huge bonus on “what if” situations but i only got to use it twice now. Travel insurance again was great. The fact that they are removing slowly everything travel related and putting 50 app subscriptions that are no value to me is making it useless in my case. Might aswell just pay the currency conversion fees at a regular bank and thats it :)
Currensea which you can stay with your preferred bank giving you more flexibility of getting the best deal while neatly avoiding high street bank fees. Free version giving 2 flyer points per £1. And there's some interesting new features in the pipeline😉
Je to tak, že ano? Snažil jsem se to najít a i po komunikaci s chatbotem v rámci aplikace Revolut jsem se dopracoval k tomu, že pojištění stále zůstává součástí tohoto plánu
What do you mean, this is from their site and I'm Irish also: "Metal plan holders are covered for the first 30 days of your trip Ultra plan holders are covered for the first 90 days of trips" It's a holiday insurance not travel insurance, no?
😂 I saw this coming, they got everyone to switch by luring you in with cashback, now they’ve taken it all and no different to a regular high street bank (with the extortions of a few smart features which banks will likely catch-up on soon enough) without a branch and limited access to deposit with cash
Sad to see how they change in this field. I personally liked the direct cash back. Now I don’t really use the miles function probably because mikes and more is not supported. Also I think the subscriptions of the different apps are not included in my metal plan here in Germany. If they would it would be awesome but with the actual offer I think I will downgrade at the earliest point I can.
I have an account but honestly never used it really. I deposited some funds then paid amazon $5 but since its just sat. I only looked at it now cause the new bank change. Im considering just transferring my money out and closing it but cant figure out if thats free or an option. I do see some stuff has changed in the app so maybe I should just keep it. Im in the US and never leave US or make international payments so not sure what I will do. I only have the free option. I prefer to use my 2% off everything credit card instead when making purchases. I cant tell what changed as far as the bank goes. If its just the bank itself and not a bunch of new fees may keep it. I do like how they have an option to use a virtual card in case I buy from somewhere I dont trust well or dont want to be auto billed later.
Hey brother really like your content. Can you do a video on best financial products for nomads? I’m leaving the UK soon and would like to hear your perspective on banking while being a nomad. Thanks!
That's a great idea, I might not have the video ready by the time you leave but I'll add it to my pipeline. Can I ask where you're headed? I might be able to help here and in the comments. ^Jonny
Have you spoken about the revolutionaries event with Charli XCX headlining? I’m so confused with what it is exactly but there’s a ballot for lower tier users to get free tickets, metal users will get emailed a code to claim a free ticket and VIP users will get the same but the tickets are VIP (the tickets will allow for a +1 too). However, there’s a limited number of tickets for each type of event, you can only select one and it’s first come first served in regards to obtaining the free tickets
Only just joined to use as a travel card... so far am enjoying it. On the standard but contemplating the premium and starting to invest. Is there a better way of doing this as the revolut app seems very simple to invest with...
The Revolut app is very good for investing, one of the most intuitive and easy-to-use systems I've encountered. I personally use it as well for trading. ^Jonny
I'm living in Luxembourg and I have a premium account in revolut and I still have the insurance, I hadn't received any email on June about a cancellation of the insurance, the cashback and the smart delays were cancel but I have no changes in the travel insurance
Interesting. I live in Belgium, have Revolut premium and there is no travel insurance. Thought that Revolut Europe, which is based in Lithuania, offered the same conditions across the EU, but it seems not.
Made premium just 2 months ago. I still have the travel insurance. Also, my sister who live in the UK and has Revolut her saving account has a huge discrepancy in interest compared to mine. Maybe, Revolut UK is totally different since the Brexit
The airport lounge access is the most ridiculous feature. Just pure fake. If you're lucky, you'll be granted access to a 3rd class lounge where even a beer is to be paid extra.
I hope we'll always receive some fee-free currency exchange, because that's such a big part of Revolut's appeal for foreign spending, plus they're earning revenue from card transactions made as a result of that appeal so I think they would always maintain fee-free FX. ^Jonny
Hello brother i need urgent help from you, first question, is revolut available in india to take international payments. Second, how can i open a revolut business account if i don't have an registered entity (i am a dropshipper) .
But you don’t use all of those perks, makes no sense to add them all up, its not realistic. Maybe only one or two are interesting. Changing, down grading conditions for loyal existing customers seems an increasing trend. The customer focus that launched these businesses and established their base is being lost. Seems grab the customers then squeeze them for whatever they can get is the business model.
I agree it's very likely that few people are using all of the perks if any. I like to look at the overall value as a simple way to track improvements and weigh up against the cost. I would also argue that many people can find more than one or two of the perks interesting. I often speak to Revolut users deriving far more from the plan than it costs.
@@Monitodotcomsorry meant to say western Union which is an ao also real store in the USA that makes conversions. They charge 99 cents USD per transaction. They allow transactions up to 999 USD after that they ask you questions. Also my Money is in USD and I want to convert it in euros to be used in France, Austria, Germany, Spain and Portugal.
Then report to the competent authorities, because they claim revolut didn't promise anything for the making of the video. :/ "Monito is an independent comparison platform and publisher. Our product and service reviews - like this one - are produced independently by our employees, and recommendations given are our own."
That's a good question, in the UK I'd expect them to see loans available shortly after they're fully licensed, so at a minimum within 3-4 months and at a max 12. Obviously, that's dependent upon the licence being fully approved. ^Jonny
I believe they’ve mentioned wanting to do so! On their community page (on their website) or on their Reddit, you can ask and Revolut will directly respond back to you!
Yeah, sadly it isn't the mid-market but it's more or less on par. EG, I've just checked USD to EUR, GBP and INR, they're relatively similar, and basically closer to Visa/Mastercard's rates. Although not the mid-market, they're still A LOT better than most incumbent banks/card providers, and if you have fee-free currency exchange and make the transfer during the week then you're not going to find a much better rate. ^Jonny
Lmao imagine you buy an annual subscription and they remove perks you subscribed for. This needs to be illegal
This. Changing contract mid contract. Why trust them now?
No cause in the terms they say they can change the perks at will so you need to be prepared to lose some.
@@RodrigoroRex of course they do, all companies wash their hands with this little asterisk in the contracts, but this doesn't mean that it's okay. Look at Disney's recent evil attempt to wash their hands with the TOS, of course they'll include everything they want in the contracts. Idk, companies know how to get away with 💩, but it doesn't mean that what they do is fair.
If you cancel your subscription you get a refund for unused months
This is why monthly subs is better they mess up unsubscribe.
One of the reasons I decided to upgrade to Metal is because of Classpass. I was currently paying 35€ a month for a gym where I barely went too. I tried out class pass and liked it more as I prefer going to different classes twice a week. I pay a couple of more points from class pass and all together a month is like 40€ (5€ more comparing to the gym) and it's worth it as I have all the other benefits from Revolut!
This is it! In the right hands, these higher-tier plans can provide so much value, I had a similar experience with the FT digital which was costing me £35/month, Ultra was only an extra £10 and had all the additional benefits. Glad to hear you're getting the most from it. ^Jonny
stop doing "classes" and start training
Honestly, I think Rev is on the track to do a good job. There are some things they've 'dropped' and forgotten. But, They're doing good. More coverage would be nice though. We can't get Ultra in Japan to my understanding which I would love to have. The cashback and travel insurance is.. quite sad, I'd like them to see them replace it with a more balanced option/service.
I would mostly agree with you, I think they are doing a great job but I still feel that Premium is being a bit neglected, and I'd love to see more travel benefits like I mentioned in the video. I'm fascinated by the fact that you're a Japanese Revolut user, I haven't spoken to many in Japan. Is there anything that comes close to Revolut over there? ^Jonny
just cancelled, only really paid for it for the travel insurance and cheaper lounge but barely need the latter if at all
Well that’s dropped a bombshell… I’m with metal plan, but a huge draw for me was the travel insurance and seeing it’s only valid if I pay 75% of the holiday on my Revolut card is incredible! I’m unlikely to continue my subscription now as I don’t use the subscriptions so the card is now hugely devalued for me as a travel companion.
Hey Peter, given the annual cost of Metal is roughly £180, and annual multi-trip insurance with good coverage can cost less than £100 (using data from Money Supermarket) I don't think the travel insurance alone is enough to justify the cost of Metal. I recommend looking at the plan to see if you can derive value from the subscriptions or other perks. Cheers. ^Jonny
The value Revolut is providing is actually going down not up. They bundle things up but you end up being worse off
How do you mean? They've added so many perks to the higher-tier plans that their value has increased, this is particularly obvious with Ultra. Since launching it hasn't increased in price but has gained additional benefits. ^Jonny
Same. My work was related to travelling, it was a great travel companion. I paid the annual plan until now, which will expire in november. I wont be renewing it, flight delay was a huge bonus on “what if” situations but i only got to use it twice now. Travel insurance again was great. The fact that they are removing slowly everything travel related and putting 50 app subscriptions that are no value to me is making it useless in my case. Might aswell just pay the currency conversion fees at a regular bank and thats it :)
@@birtalanlorant5572you could’ve got a refund for unused months
10k points is only if you spend a specific amount within a specific time (a few months I think)
Currensea which you can stay with your preferred bank giving you more flexibility of getting the best deal while neatly avoiding high street bank fees. Free version giving 2 flyer points per £1. And there's some interesting new features in the pipeline😉
I just got the premium account, but travel insurance is still included here in the Netherlands I guess.
In het vasteland zijn de voorwaarden anders dan in vk. Er is ook geen interest op je spaarplan
Travel insurance is still available for premium in Czech Republic
Je to tak, že ano? Snažil jsem se to najít a i po komunikaci s chatbotem v rámci aplikace Revolut jsem se dopracoval k tomu, že pojištění stále zůstává součástí tohoto plánu
I still have travel insurance in Ireland
What do you mean, this is from their site and I'm Irish also:
"Metal plan holders are covered for the first 30 days of your trip
Ultra plan holders are covered for the first 90 days of trips"
It's a holiday insurance not travel insurance, no?
😂 I saw this coming, they got everyone to switch by luring you in with cashback, now they’ve taken it all and no different to a regular high street bank (with the extortions of a few smart features which banks will likely catch-up on soon enough) without a branch and limited access to deposit with cash
Sad to see how they change in this field. I personally liked the direct cash back. Now I don’t really use the miles function probably because mikes and more is not supported.
Also I think the subscriptions of the different apps are not included in my metal plan here in Germany. If they would it would be awesome but with the actual offer I think I will downgrade at the earliest point I can.
I've just seen that Germany doesn't have the Metal subscriptions, that's interesting thanks for sharing - I hope they'll become available soon. ^Jonny
Revolut and Wise Not accepting new USA costumers, Any other good alternative?
Have you got a source for Revolut not accepting USA customers? I'm aware that WISE had some issues but not Revolut.
I have an account but honestly never used it really. I deposited some funds then paid amazon $5 but since its just sat. I only looked at it now cause the new bank change. Im considering just transferring my money out and closing it but cant figure out if thats free or an option. I do see some stuff has changed in the app so maybe I should just keep it. Im in the US and never leave US or make international payments so not sure what I will do. I only have the free option. I prefer to use my 2% off everything credit card instead when making purchases. I cant tell what changed as far as the bank goes. If its just the bank itself and not a bunch of new fees may keep it. I do like how they have an option to use a virtual card in case I buy from somewhere I dont trust well or dont want to be auto billed later.
It’s free, unless you’ve got a premium subscription I’m pretty sure
I'm a simple man, I buy things and want my cashback
Hey brother really like your content. Can you do a video on best financial products for nomads? I’m leaving the UK soon and would like to hear your perspective on banking while being a nomad. Thanks!
That's a great idea, I might not have the video ready by the time you leave but I'll add it to my pipeline. Can I ask where you're headed? I might be able to help here and in the comments. ^Jonny
Have you spoken about the revolutionaries event with Charli XCX headlining? I’m so confused with what it is exactly but there’s a ballot for lower tier users to get free tickets, metal users will get emailed a code to claim a free ticket and VIP users will get the same but the tickets are VIP (the tickets will allow for a +1 too). However, there’s a limited number of tickets for each type of event, you can only select one and it’s first come first served in regards to obtaining the free tickets
Only just joined to use as a travel card... so far am enjoying it. On the standard but contemplating the premium and starting to invest. Is there a better way of doing this as the revolut app seems very simple to invest with...
The Revolut app is very good for investing, one of the most intuitive and easy-to-use systems I've encountered. I personally use it as well for trading. ^Jonny
I'm living in Luxembourg and I have a premium account in revolut and I still have the insurance, I hadn't received any email on June about a cancellation of the insurance, the cashback and the smart delays were cancel but I have no changes in the travel insurance
Well that's good to hear, hopefully, you get to keep travel insurance - just keep an eye on those policy documents. ^Jonny
Interesting. I live in Belgium, have Revolut premium and there is no travel insurance. Thought that Revolut Europe, which is based in Lithuania, offered the same conditions across the EU, but it seems not.
Please make a video about anytime and yuh banking application
Can you do this video but for a US account. Most of this stuff doesn’t apply to my account
Made premium just 2 months ago. I still have the travel insurance. Also, my sister who live in the UK and has Revolut her saving account has a huge discrepancy in interest compared to mine. Maybe, Revolut UK is totally different since the Brexit
Some of the changes occurred way after brexit. What is the discrepancy specifically?
Please make a video opening about euro bank account verify with the passport
Even UK customers do so
The airport lounge access is the most ridiculous feature. Just pure fake. If you're lucky, you'll be granted access to a 3rd class lounge where even a beer is to be paid extra.
Once Revolut gets a full banking license, will they remove fees when depositing cash into my Revolut bank account
I'm worried that soon nothing will be free even in basic account ... fees etc. thats how they works
I hope we'll always receive some fee-free currency exchange, because that's such a big part of Revolut's appeal for foreign spending, plus they're earning revenue from card transactions made as a result of that appeal so I think they would always maintain fee-free FX. ^Jonny
That comes with the Banking license. n26 did the same in Germany
The currency exchangehas already been changed to "Revolut Rate" last year, so it's no actually withoyt fees. They are simply in the basic rate.
Just imagine when they change the terms again can you re-work your lifestyle to get your money out?
Woke up today to notice the dollar interest rate has dropped in the flexible account. Should i be worried?
They’ve done it for all I’m pretty (aside from ultra I think)
Alternatives apps?
Video coming soon. ^Jonny
Revolut really paid this one well lol
Hello brother i need urgent help from you, first question, is revolut available in india to take international payments.
Second, how can i open a revolut business account if i don't have an registered entity
(i am a dropshipper) .
Are you registered for self-assessment with HMRC? Are you a resident in the UK? ^J
No I am from India, I can't have a registered business
India 😅 are you a scammer 🤔
@@cyocyu if you think dropshipping is scam, it's your problem. Hitler was from Germany does all German people kill jews?
But you don’t use all of those perks, makes no sense to add them all up, its not realistic. Maybe only one or two are interesting. Changing, down grading conditions for loyal existing customers seems an increasing trend. The customer focus that launched these businesses and established their base is being lost. Seems grab the customers then squeeze them for whatever they can get is the business model.
I agree it's very likely that few people are using all of the perks if any. I like to look at the overall value as a simple way to track improvements and weigh up against the cost. I would also argue that many people can find more than one or two of the perks interesting. I often speak to Revolut users deriving far more from the plan than it costs.
Are you familiar with Western Europe and how does it compare? Need to transfer USA dollars to euros
Are you sending the money to someone or just trying to convert USD to EUR? ^Jonny
@@Monitodotcomsorry meant to say western Union which is an ao also real store in the USA that makes conversions. They charge 99 cents USD per transaction. They allow transactions up to 999 USD after that they ask you questions. Also my
Money is in USD and I want to convert it in euros to be used in France, Austria, Germany, Spain and Portugal.
Sponsored by revolut obviously. Companies do not make changes to better the customers.
Then report to the competent authorities, because they claim revolut didn't promise anything for the making of the video. :/
"Monito is an independent comparison platform and publisher. Our product and service reviews - like this one - are produced independently by our employees, and recommendations given are our own."
When do you think that they will add the option for loans? It will be very beneficial , I think they have lance that in some countries
That's a good question, in the UK I'd expect them to see loans available shortly after they're fully licensed, so at a minimum within 3-4 months and at a max 12. Obviously, that's dependent upon the licence being fully approved. ^Jonny
I believe they’ve mentioned wanting to do so! On their community page (on their website) or on their Reddit, you can ask and Revolut will directly respond back to you!
Hey Jonny when are you going to go back to your other channel with chloe?
Never use a debit card folks.
Unless you’re withdrawing cash? ^Jonny
Depends where you live.
In my country it was VERY hard to get a credit card which doesn't cost over 20/month, and I always hit its 500 limit.
I see a visa logo so that means lots of costs, fees and kaching…. For visa.
Revolut exchange rates have gotten a lot worse, it's no longer the midmarket rate
Yeah, sadly it isn't the mid-market but it's more or less on par. EG, I've just checked USD to EUR, GBP and INR, they're relatively similar, and basically closer to Visa/Mastercard's rates. Although not the mid-market, they're still A LOT better than most incumbent banks/card providers, and if you have fee-free currency exchange and make the transfer during the week then you're not going to find a much better rate. ^Jonny
This is only for the UK. In mainland Europe the revpoint plan is pauvre...
Too much like an info-mercial, I got bored and left.
That’s alright, I appreciate you even watching some of them video, and taking the time to comment. Cheers. ^Jonny
Now that's how you downplay a major arse screw...
Lost generation!