It’s been a while since I last checked out the forum; so many new things going on!
So now I’m interested in USD IBAN; just recently, apparently, Revolut enabled personal IBAN numbers- virtual or not- for USD accounts. For other currencies, too, I guess. I could see one for… ZAR How much better can it get?
My question- has anyone already actually tested personal IBAN transfers to the respective number provided for your accounts? As opposed to the pooled account + reference?
Thoughts/suggestions? Anything worked out of ordinary?
Yes I have transferred USD to my Revolut personal IBAN USD account using HSBC. To be honest it is a pain as they do not recognize Revolut as a bank and the transaction is flagged as suspicious, and then has to be processed manually by HSBC.
Money arrives no problem, although takes a few days longer !!!
Like i said HSBC system is not picking this up automatically and the transfer is then processed manually after I ‘submit’ online.
Pain but it gets there eventually. I’ve done three transfers now. First two took 5 days, last one took 2 days. The transfer receipt says that i am transferring to HSBC New York and not Revolut. No idea !!! Anyway, as long as your IBAN is correct i can’t see how it can go wrong to be honest ?
No problems so far expect for last few months HSBC are sending through SWIFT intermediary and its costs me $30/time. International transfers supposed to be free on my HSBC account. I hate banks !
What is a best correspondent bank to use for US-revolut transfer in USD? My US bank offers me Barclays by default, but it can be changed.
Search on the internet gives a fee around 25 dollars, charged by Barclays for such a transfer.
Any advise to avoid fee?
Internet says “client funds are stored under a segregated account at Lloyd’s or Barclays, depending on the type of account you hold”.
So, how lloyds is used by Revolut? do you recommend lloyds as correspondent bank?
How much better can it get?
