Deposit via Revolut

🤝 Help
1

Hi All,
Nice joining you. Looking forward to invest/long term savings in some shares and I have some silly questions.

  • How do I wire money in my account via Revolut. When I use ‘to a business’ or ‘to another person’ at the end I am asked about postal code. Details I can probably lookup about Barclays, but question is, what postal code and address should I use. Barclay’s or Revolut’s?
  • Has anyone successfully withdrawn money form T212 using their Revolut account? There is a warning message upon deposit that we should use personal accounts only etc. Does my Revolut account classify as ‘personal’ or ‘third party’?
2

Hi there,

We had several discussions on the topic.

In short, you are sending to yourself via Revolut, as this is your T212 account. So I created Bank Account in revolut addressing “To myself”.

Revolut account is personal as each has own IBAN, I haven’t withdrawn money to bank account as I plan to keep money here for years and years… But I am not worried , support was more than helpful on all topics.

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3

And in terms of address, this does not matter or I just put my address? I just want to avoid a picky employee in T212’s billing that might decline my transfer, if they potentially see ‘incorrect’ details :slight_smile: Thanks for the info

4

Well my case is USD, in this case there is no address provided in bank details on revolut. Maybe different for EUR/GBP. But I would use same address as used for registration to T212/Revolut. To avoid some issue with compliance…

5

That’s weird, because when I choose UK and USD, no matter what type of transfer I use, it always asks for physical address and postal code, for some weird reason.

6

Aha you mean when creating Bank beneficiary.

I put my address , which is same on Revolut and t212.

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7

Ps make sure to put reference code number in Revolut transaction.

Code is found via T212 deposit> Bank wire

20200518_144651
20200518_1446511080×2280 324 KB

8

I can confirm it works. They processed my deposit within an hour or so in an afternoon. :slight_smile:

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9

Good Vedran,
I’m from Portugal and I also wanted to make a bank transfer through Revolut but just like NakuroBradata said, no matter the type of transfer I use, it always asks for physical address and postal code.
When you say that you enter your address, the Revolut asks for the postal code and to put my address in Portugal, I have to enter a London postal code because otherwise he will not let me enter the address.
Can you help me?