Can I Get Money Back From Revolut?

How can I get my money back from Revolut to bank account?

On Revolut app you need to go to payments and add beneficiary.

Selecet “to self” and add all mandatory options.

Some optional details is ok to leave behind.

Once you set your standard bank details as beneficiary you cans send money from Revolut account to normal bank account..

Is your money protected with Revolut?

Despite not being a bank yet, Revolut is regulated by the FCA. … However, until it officially becomes a bank, funds held with Revolut aren’t protected by the FSCS (Financial Services Compensation Scheme, which protects deposits up to a maximum of £85,000), nor by its European equivalent.

Is Revolut a bank in UK?

Revolut is preparing to apply for a UK banking licence so it can rake in more deposits. … Revolut, launched in 2015 and now chaired by financier Martin Gilbert, has grown fast, amassing over 10 million customers.

How does Revolut make money?

Revolut makes money mainly though the subscription fees with the Premium and Metal accounts. Additionally, Revolut also earns a nominal fee paid to it by merchants every time you spend on your Revolut Card. … Business customers also pay fees depending on their top-up limits.

Can you get refunds on Revolut?

Revolut on Twitter: “You can receive refunds to disposable virtual cards even if they have been used 😉… ”

Is Revolut a good bank?

This is the rate that banks offer to each other when exchanging currencies and is much more competitive than the rate offered at a bureau de change or by most other pre-paid cards. This makes Revolut one of the most attractive app-only current account cards available on the market.

How can I contact Revolut?

Contact us. Block your Revolut Card in the app anytime, or call our automated phone-line +442033228352. This number is only used for receiving calls and Revolut customer support never makes outgoing phone calls from this number.

What happens if Revolut goes bust?

In the event Revolut goes bust, you would reclaim your money from them coordinated by administrators/liquidators of Revolut and whoever manages Revolut’s relationship with either bank. This may be less [but not massively] as Revolut has to pay for someone to manage the liquidation of assets.

What bank is behind Revolut?

In December 2018, Revolut secured a specialised bank licence from European Central Bank, facilitated by the Bank of Lithuania, authorising it to accept deposits and offer consumer credits, but not to provide investment services.

Can I cancel a pending transaction on my credit card?

If you know that a credit card transaction is legitimate, but you want to cancel it because you changed your mind or made the purchase by mistake (or any other reason), take your request directly to the merchant the transaction is with. … Some provide a small window in which you can cancel a pending transaction.

How long does it take to get a refund on Revolut?

I’ve already been refunded this way by another merchant in the UK and it took less than 24h. Revolut support isn’t helpful, they say it can take 15 days or more and if it’s more I have to contact the merchant. But I can’t really wait that long for my money, in a normal bank this usually take 2-3 days.

Can a pending transaction be refunded?

If you need to cancel a transaction that has an Authorized, Submitted for Settlement, or Settlement Pending status, you may be able to issue a void instead. … A refunded transaction goes through the typical settlement process. As soon as the refund settles, the funds are sent back to the customer’s bank account.

Is Revolut a credit or debit card?

The Revolut card is a prepaid debit card so you won’t receive an account number or sort code but you will be able to make transactions online. … As you load up the card with the money from your bank account, your card will simply be declined if there is no balance there to use on your transaction.

Can Revolut be trusted?

Revolut is one of the best travel money cards, yes! … Yes, Revolut is a legitimate company and a secure option to send money abroad. The company is authorized by the Financial Conduct Authority (FCA). However, your money is not covered by the Financial Services Compensation Scheme.

Where is live chat on Revolut?

Once you opened the app, the support function will be at the bottom of your screen. Best, Andreas K. Go to the Dashboard in the App and touch the Question Mark.

Which is better TransferWise or Revolut?

Revolut supports 140 currencies, while TransferWise only supports 96 currencies. Moreover, Revolut lets you hold money in 24 currencies in your account. On the other hand, TransferWise only enables you to hold money in 16 currencies. … So, Revolut has better currency coverage.