Revolut - hard search?

adamditz

Hi all, 

I fancy a Revolut account, I like the idea of the easy investment platform I can use for pocket money etc etc, but - mortgage application will be early next year, so I don’t want any searches on my credit file. I’ve searched, found quite a few conflicting answers , does anybody have first hand definitive proof of wether they credit search? 

Thanks 

eDicky

Revolut is a prepaid account and they don't offer any kind of credit as far as I know. Therefore there's no reason why they should need to do a hard credit search, the application requires only a soft search to verify your existence and address etc electronically, if possible.

However I don't in fact possess any definitive proof of the above.

colsten

I think the question is about Revolut stock trading, which also doesn't offer any credit, so no need for a credit check.

As an aside, and it's more of a subject for the Savings & Investments board: I would never use Revolut stock trading as it has a limited range of options and doesn't offer any Funds. Buying individual shares is high risk investing.

adamp87

eDicky said:

Revolut is a prepaid account and they don't offer any kind of credit as far as I know. Therefore there's no reason why they should need to do a hard credit search, the application requires only a soft search to verify your existence and address etc electronically, if possible.

However I don't in fact possess any definitive proof of the above.

I think most new current accounts incur a hard search looking at my own report

eDicky

adamp87 said:

eDicky said:

Revolut is a prepaid account and they don't offer any kind of credit as far as I know. Therefore there's no reason why they should need to do a hard credit search, the application requires only a soft search to verify your existence and address etc electronically, if possible.

However I don't in fact possess any definitive proof of the above.

I think most new current accounts incur a hard search looking at my own report

Does your report feature prepaid accounts such as Revolut..?

Alex9384

No, Revolut is not even a bank. It's an e-money institution. They don't do hard searches as they don't offer any overdraft or other forms of credit.

I opened my Revolut account in 2018 and there was no hard search on any of my files. Neither it shows on any of my credit reports.