I am just new to Revolut. I am trying to use Revolut as a main for the GCC area in AED, so I initiated a bank transfer from Emirates NBD to Revolut AED account (with details from the AED IBAN in Revolut). I have transfered 200 AED in hops that I would see something like 199 or 198 AED in my Revolut after a couple of days. It seems that my 200 AED turned into 170 AED in Revolut, which is an astronomical fee. Since I was planning to use Revolut as my main, I will have to ditch this plan and continue using Emirates NBD as my primary. I am so sad about this. I hope Revolut can find a way to transfer funds cheaper in the future. This isn’t benefiting users in the GCC.
Before you mention, there’s also an option to top up via my Emirates NBD card but it will not take a top-up directly into my AED account.