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Comment by angry_octet | Hacker News Reader

You may soon discover (depending on your jurisdiction) that topping up is no longer an option, because your actual bank starts treating these transactions as cash advances, 3%-4% fee (and trashing your credit rating too).

Revolut has been completely useless about this, and their chat teams are just there to waste your time.

Multiple currencies and cheap exchange are great when you travel a lot, and virtual credit cards and a nice spending UI are nice to haves. But nothing makes up for being jerked around for hours because their system is broken and they won't fix it.

Also, from an investment pov I think Apple Pay is going to crush them.

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> You may soon discover (depending on your jurisdiction) that topping up is no longer an option, because your actual bank starts treating these transactions as cash advances, 3%-4% fee (and trashing your credit rating too).

This should not be an issue as long as the topup is done with a debit card.

> Also, from an investment pov I think Apple Pay is going to crush them.

Apple Pay doesn't have any "special" features that help with travel and paying in foreign currencies. Interestingly enough, Revolut supports Apple Pay in a couple of countries.

>>You may soon discover (depending on your jurisdiction) that topping up is no longer an option, because your actual bank starts treating these transactions as cash advances, 3%-4% fee (and trashing your credit rating too)

I may not. In fact, I have no idea what you mean by 'cash advance'. By HN standards I am pennyless, but wouldn't ever dream of spending or withdrawing money that I haven't got.

Calm down, I'm not saying you are poor. Banks have started treating top ups as cash advances, even when your account has a positive balance. This has logical sense because you can immediately withdraw that money as cash.

For some reason Revolut is unable or unwilling to support normal cash transfer mechanisms.

Okay, this is news to me. But then, my bank is not a US one. There is no money in my account that I cannot immediately withdraw as cash. That is sort of the whole point of my bank account, except of course it's mandatory if I wish to receive wages for the job I perform...

Anyway, call me poor all you like. I actually am.

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