Revolut

[sherbertdip]

I normally send money to companies in the Eu using Wise, however this time they will not send to a companies bank, I'm thinking of using Revolut, but I note they are NOT FCA regulated, are they trustworthy?

[monkfish1]

sherbertdip said:

I normally send money to companies in the Eu using Wise, however this time they will not send to a companies bank, I'm thinking of using Revolut, but I note they are NOT FCA regulated, are they trustworthy?

A complete shower in my experience.

If it works, it works, when it doesnt, tough luck. Nothing is resolvable. It is simply not possible to speak to a human. IT side flaky.

Theres a reason their attempts to persuade the regulators to become a bank were not succesful.

[CLK-GTR]

Yes. They have the same e-money FCA licence as Wise, they just don't have a full banking licence yet (they do in Europe).

Personal opinion, they're about as reliable as each other though Revolut customer service is awful unless youre on a paid account. I'd not keep my life savings in either but they are perfectly safe for most transactions.

[MisanoPayments]

They have many thousands of clients who use them daily. Some of my clients use them, Wise & Starling etc for "walkaround" money transfers but then my services for larger ad-hoc sums that they'd prefer to not send through a phone app.