I just upgraded to Premium as for my purposes, it has worked flawlessly for 2 years using it in many different countries. I don't have a credit card tied to the card though. Honestly, other than your constant ranting about Revolut, I've not heard much negative feedback about it. I would also be interested in hearing your safer solution though.
Interesting. My son is taking an exchange year starting next month and I was planning on giving him my second Revolut card to use (can't get his own as he's only 16). This will throw a wrench into that idea if it happens with every transaction.
Bad erreur to compare with yourself
I bank with PostFinance for now as for my needs it suffices and well it's no longer free, but I can live with the small monthly fee. Though we did move money elsewhere and closed several accounts with them when the fees were announced, I suppose as a protest.
For CC transactions in CH/CHF I simply use a free Swiss CC (Coop and Migros ones), so if anything goes awry then you've got the chargeback option to fall back on and you don't have to load money onto them upfront.
For non-CH/non-CHF transactions I use a free and fee-free (even for non-Euro transactions like if buying from amazon UK) German credit card (and not a pre-pay one) for the same reasons.
We had and frequently used Revolut previously, but I can't say it ever worked flawlessly, several times it was not accepted. In fairness and as I mentioned previously it was handy, but I just don't trust them now and am simply not keen on loading money onto something like that in advance especially where they just block you and you can't get hold of them.
Believe me, that can happen to you with any bank. You just need to raise an internal red flag and you will not be able to touch a penny, cent or rappen. And nobody will tell you why until the issue is solved.
In 30 years with the ZKB I have never had any of the things you mention. Not one problem!
Fully aware of this. However at least you have a proper point of contact with a bank.
And don't keep all your eggs in one basket, that way not everything you have is frozen.
And that contact will not tell you anything. Have a look at the threads that were already discussing that.
I do agree with you though on having several baskets.
You obviously aren't in a position to raise a red flag.....
this is what I was thinking.
I am also not happy with the fact he received the SMS when he was driving
Revolut issues warning to customers over scam
https://www.joe.ie/news/revolut-issu...er-scam-679086
Telegraph warns about Revolut
Both articles are behind a paywall?
I received that message from Revolut this weekend. I have also received similar messages from Deutsche Bank, Chase Manhattan, Wells Fargo, Bankinter, TD Ameritrade and others in the past. This is nothing unique to Revolut.
Regarding the Telegraph article: I'm no hipster and could care less how the card looks. I also have no desire to use Revolut as my primary bank. I use it for foreign transactions while traveling and for online purchases. For these purposes, it works flawlessly. Anybody that would consider using Revolut as their primary bank probably deserves to get scammed
No, not at all. The first one is not.
The second one you can read the headline and introduction without doing anything and with free registration the full article, but the first section is enough to grasp the idea.
Using it as a main bank is the first thing that I would be against. I don't think people actually deserve to get scammed though, as you put it.
I almost lost 0,64 USD today :P
New card is on the way
Cloned?!
Nah don't think so. The card is pretty young and only been used in Supermarkets and Gasstation in town. I did however last week order a bunch of things at a variety of smaller webshops throughout Europe, would not be surprised if one of those is leaking.
And with cloning they tend to go for the big bucks, these micro transactions are more to be done by the thousands and hoping people don't notice or the amount is so small people don't care.
No they don't, they put tiny payment through first to see what happens and all going well (for them, not you ) they then proceed to put bigger payments through until the card is blocked or runs out of money
Makes no sense since a lot more cards would be blocked by the time they could go for big amounts, also banks are pretty good at blocking cards with high payments. These small things get mostly blocked since the location is unrealistic or they send out to many orders at once.
Lets agree to disagree.
As you wish, but that is how Revolut explained it to me recently when i had some small amounts go through.
The same revolut that told the guy who lost 30K that his sim was hacked