Buying resale from the UK

Iestyn5150

Endlessly chasing dots!
Joined
Mar 27, 2019
I realise this post was a couple of months back but I just wanted to say how happy I am with the Revolut card. I often transfer into dollars when the rate is good (not that it’s ever great these days) and then the dollars sit there until I want to use them, I use it to pay my dues yearly, settle my room account at Disney world and anywhere else I travel. Definitely one of the best exchange rates I have come across.
This intrigues me. I currently have a Monzo account and card. It appears to do everything your Revolut card does with the exception of being able to save a pot in US Dollars. Explain how this works as I may well consider getting one myself for the 3 days a year Sterling is strong against the Dollar!
 

zavandor

DIS Veteran
Joined
Jul 22, 2011
This intrigues me. I currently have a Monzo account and card. It appears to do everything your Revolut card does with the exception of being able to save a pot in US Dollars. Explain how this works as I may well consider getting one myself for the 3 days a year Sterling is strong against the Dollar!
Very easy: download the app from the Google Play store and open an account. It's free, but you can pay for additional services (the basic plan has everything you'd need). Then you can open an account in any currency you want (GBP, Euro and USD make sense) and then you can transfer in money using a debit card and convert currencies at any time. They do use a worst exchange rate during week ends, but during work days it's one of the best rate you can find.
I can send you a referral link, but I don't think this currently would give you any advantage, there is no promotion at the moment.
 

Iestyn5150

Endlessly chasing dots!
Joined
Mar 27, 2019
Very easy: download the app from the Google Play store and open an account. It's free, but you can pay for additional services (the basic plan has everything you'd need). Then you can open an account in any currency you want (GBP, Euro and USD make sense) and then you can transfer in money using a debit card and convert currencies at any time. They do use a worst exchange rate during week ends, but during work days it's one of the best rate you can find.
I can send you a referral link, but I don't think this currently would give you any advantage, there is no promotion at the moment.
Thanks for the reply. Ah, so they don’t convert at the actual exchange rate like Monzo? When you say a good rate how good are we talking? Let’s say, for example, the actual rate was $1.2550, what sort of rate would they exchange at?
 

zavandor

DIS Veteran
Joined
Jul 22, 2011
Thanks for the reply. Ah, so they don’t convert at the actual exchange rate like Monzo? When you say a good rate how good are we talking? Let’s say, for example, the actual rate was $1.2550, what sort of rate would they exchange at?
I can tell you the rate right now is 1,2526, yahoo gives me 1,2524 as the official rate, so I'd say it's very good.

EDIT: the rate is now 1,2524 It changes every second so it seems it tracks the official rate pretty closely.

You can also set a target and when (if) that rate is reached, they'll convert automatically.
 

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