LegalNerd29
Registered User
- Messages
- 4
Revolut is not a bank.I am currently looking into setting up an international bank account. At the moment I am currently comparing N26 and Revolut. I have a few question that I would like some clarity on, regarding both banks.
Thank you for clarifying that for me. I would have thought that the term "bank" would have been a generic term encompassing these, if I may call, financial IT-focused companies. It's good to learn something new everyday.Revolut is not a bank.
Nope, 'FinTech' is the word that encompass, well, financial technology companies.I would have thought that the term "bank" would have been a generic term encompassing these, if I may call, financial IT-focused companies
What is a useful, but accurate, term to describe what the OP refers to?Nope, 'FinTech' is the word that encompass, well, financial technology companies.
Bank is a regulated term.
Back to your question, this makes no sense.I recently read a comment, which was left on a a comparison site's social media account, where the individual wanted to see how much he would save should he convert the equivalent of £3,000 back into Euros. He discovered that he only saved €7.50 when opting for the N26/MasterCard options, whereas he would have saved a further €98.50, i.e. €106 in total,
Back to your question, this makes no sense.
The spread is pretty tight on common currency pairs such as GBP/EUR.
There's no way the spread is anywhere close to 3% as suggested.
Do you have a link to the website you read it on?
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