Revolut@ € 1.20 = £1.00

[Odd-no-more]

We are going to Spain in the new year, if I change money now to get a good rate, I'll lose 3 months interest

 

[VXman]

Just bought some, I like the feeling of paying in advance for a trip.

I keep my money in a Chase instant access savings account, then I change over money as and when I need it.
I get more on interest earned then any fluctuations on the exchange rate…

And besides I now only use chase to buy stuff as I also get cash back…

Yep, me too. Can't be bothered with the gambling of exchanging while rates look good. Then what do you do with the euros? They could be in an account getting nearly 5% interest at the moment. Chase - best of all worlds. Interest, cashback and good exchange rate.

 

[StillGoing]

I notice some people say they use their Starling Euro account to pay their Fulli bill. This is probably not the cheapest option for most people.

If you have to move money from your Starling sterling account to your Euro account to pay Fulli, Starling will apply a 0.4% fee.

If you pay Fulli from your Starling sterling account, you don’t get hit with the 0.4% fee.

The Euro account doesn’t pay interest whereas the sterling one does.

I only opened a Euro account because a French campsite wanted to send me some Euros and receiving it to a Starling Euro account was the cheapest option. I use my Starling sterling account to pay Fulli.

 

[Gromett]

No they don’t. Revolut NewCo is in mobilisation, but Revolut is where customers money is held, a digital money company and it’s not got full bank status.

I can put up to £85k in Chase or Starling and have full protection, I can’t do that with either of Revolut entities. They are not a bank, not yet!

As of the 7th Oct you do have protection.