Now with a proper banking licence in France: Revolut Bank

larkswood12 · 23 September 2024 15:40

I wrote a review of it - it’s at the end of this thread here.

Trading212 any thoughts? Banking & Financial

https://www.trading212.com/invest This site passed over my desk today. For FX and ‘interest’ it seems similar to Wise, but better - even better than Revolut. For ‘interest’, as per wise it invests in qualifying money market fund(s) - offering 4.2% euro rate agains wise’s (advertised) 3.67. For foreign exchange it claims its charging 0.15% on the immediate interbank spot rate - better than Revolut at approx 0.2% and obviously significantly beating wise - though I’m not sure its doing bank account operations like wise. In terms of regulation again it seems like wise - not a bank but FCA regulated in UK. Some Bulgarian registration also. It seems it’s app only. It almost sounds too good to be true and I’d like to canvas opinion - anyone heard of it or use it? As well as let people know about it. I think it was @JohnH alerted me to wise interest?, wonder if he’s heard of this? PS for those looking for UK savings (there’s been a few) it offers 5.2% sterling ‘interest’ and it seems ca…