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If you need a EUR account with a good app, TransferWise, who power Revoluts multicurrency action on the backend, are pretty decent. Horrid luminous green card t
by nly 6y ago
If you need a EUR account with a good app, TransferWise, who power Revoluts multicurrency action on the backend, are pretty decent. Horrid luminous green card though.
I'm an investor in Revolut due to their aggressive growth strategy, but I wouldn't use them personally.
As for Monzo, I like their app but missing features like being able to view your full CVV number in app, or link the app to all your other bank accounts on the free tier, basically prevent me from using them as my primary bank
- nly 6y agoTo expand on my last paragraph: Revolut actually do spending analytics across all your linked accounts. on the free tier.
- youngtaff 6y agoTransferWise aren't a bank so the financial protects are slightly different I use them for some of my overseas customers, my only challenge with them is the limited number of currencies they support e.g. had to open a Revolut account to get payment from a Canadian customer
- nly 6y agoTW have all the functional features of a bank lots of people care about. A debit card, direct debits, standing orders etc. I of course recognize they aren't a fully licensed bank, but for EUR balances they are worth a look
- design-material 6y agoThe reason a Bank is strictly defined is that TW does not guarantee any cash that you have stored with them. With a bank you have up to £85,000 insured and guaranteed e.g. if the bank fails
- Gaelan 6y agoIIRC TransferWise holds all your money in escrow (as opposed to investing it or w/e), so they don't need to guarantee it. I'm not sure off hand if that's just what they claim, or if they actually make a legal promise to that effect.
- robotmay 6y agoAw I kinda like the brutally green card :D