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
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
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👌
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, 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
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.
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 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
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 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. 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 😉
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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
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
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
Thanks for a very concise review, definitely helped :)
Hi James, awesome to hear that and my pleasure ✌️ 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👌
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 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
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 😉
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.
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
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
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💯
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!
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
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 👌
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👌
is this video still relevant after more then 6 months?
Hi and yes, little changes here and there, but mostly still relevant 👌
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.
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
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.
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