We’re expanding our services to Asia & North America by the end of the year. US residents can sign up and get early access!
@anon33247966 - How will US residents be able to top up in USD? There are currently no viable methods.
We’re working on USD personal IBANs
@anon33247966 - The United States doesn’t use IBANs. I suggest you look at https://en.wikipedia.org/wiki/International_Bank_Account_Number#Adoption where there’s a map of the world showing which countries use IBANs.
In any case, how would a US resident use an IBAN, personal or otherwise, to top up in USD?
Correct, the US needs ACH if revolut wants thousands to jump on the bandwagon!
There has to be free deposits from start there as their creditcard fees are crazy.
That’s right. My fault, I mean ACH and wire.
Therefore do you mean an ABA routing transit number and account number rather than an IBAN?
I would, of course, welcome the enlargement to other countries, but I would welcome even more support for all EEA currencies. Still missing BGN, CZK and ISK.
And yet still no Apple Pay.
I’ve been moving money from my USA debit cards to Revolut using Apple Pay. Works instantly without anyone taking a percentage (use Capital One 360 or Schwab Bank). Caution, I haven’t tried it in six months. My dream is for Revolut to enable the moving of money from USA debit cards to IBANs without taking a percentage (similar to IBAN interchanges). Even then Revolut can only be recommended to a slightly larger fraction of my friends.
ACH pull is what TransferWise use to get cash from US accounts - it’s a great way of funding, especially as most banks don’t easily support wire transfers out (ACH push) online or on their apps.
@anon33247966 could you take a look at this? I would think Currency Cloud implement it though I’m not 100% certain.
is still a startup and from time to time has problems, sometimes critical ones. I hope they have superb lawyers or otherwise when things go wrong in the US of A they could cease to exsist.
I have a UK Premium account, but also have a US bank account, does this mean i can now send money to my US bank account free of costs without incurring wire transfer fees from my chase bank? Just like transfer wise?
Where are funds stored for USA customers? Are they in a foreign (outside the USA) bank account? If so, this may require these customers to file an FBAR with their taxes to declare foreign accounts to the IRS. This is a big deal that customers need to be informed of if its the case, as it could unwittingly put some in legal trouble.
We are not live yet to the USA, but funds will be stored in a local US account.
That’s great news. Are we (EU) users are going to profit with local US account too?
Good question! What about US citizens that are also EU temporary residents? They already have US bank accounts and get their salary here in the EU. With local accounts on both ends, Revolut would be a killer expat financial hub.
Any updates on timeframe for Personal accounts in USD? @anon33247966
What kind of landing was this? – I’m 3929 on some advance list as of this morning. – Feels like I’m still airborne