Hi Revolut,
As i read, there is a charge to withdraw money for outside of the FX market hours. And when I check these hours, there are different markets.
My account is Europe based and I will travel to Indonesia. Then which hours are FX hours (in Indonesia)? What are the opening/closing/weekend hours?
As the FX markets are illiquid (with no price) between Friday 5pm New York and Monday 7am Auckland, then nobody can get a tradable price, not even Revolut. This global marketâs opening and closing is determined by two other time zones; therefore GMT is irrelevant to Revolutâs ability to obtain a tradable price and offset its risk in real time.
I guess itâs time to get an update on this.
A small while ago I made a small purchase, time was Friday 23:47 and since I am at GMT + 2 h, GMT time was Friday 21:47.
What happened? I was charged weekendâs 1% fee. Sorry, but no; my order was inmediately cancelled.
As far as I know, the timeframe without exchange fee is from Monday 0:00 until Friday 23:59:59 GMT, doesnât it? Or to say it easier, from Monday to Friday GMT full hours.
Can someone explain me how could this happen? Hope some staff gets involved here.
Thanks, Frank.
According to time.gov, New York is in EDT (Eastern Daylight Time), which is UTC â 4; and since I am at UTC + 2 right now, I am six hours ahead of EDT. I understand. For this reason the âweekend hoursâ started for me at 23:00 yesterday.
Could you please share where is the time schedule in the FAQ, Frank? In the FAQ section here nothing about it is said.
Thanks again.