USD local account


#1

Dear,
I’m a new member so my questions could be dumb but I’m looking for your support.
Assumption: I’m Italian and I live in Italy.

  1. Please may you clarify why is it possible to create a local account in EUR and GPB and not in USD? I mean, USD account is available only as “SWIFT”. Why?
    Are you able to estimate a time in which the IBAN local could be available?

  2. How does the USD account work? The beneficiary is Revolut LTD. I assume the following: USD virtual account is addressed to Revolut LTD. Then I can move money from Revolut LTD to my ITALIAN account using a SEPA transfer paying a transaction + change in currency. Is it right?

Thanks for your support
Great stuff by the way.

regards


#2

USD local accounts should be available when service (revolut) will be available in USA.

Sending money to pooled (SWIFT) account looks similar to sending money to any other account, but- you’re right you have to type Revolut as a beneficiary AND to type your reference number.
If you do that money will be automatically assigned to your revolut account.
Please remember that wired SWIFT transfers rather aren’t cheap…