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Rate hopping - how do you transfer large savings amounts between accounts? Kroo, Revolut?

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Comments

  • Frequentlyhere
    Frequentlyhere Posts: 339 Forumite
    Sixth Anniversary 100 Posts Photogenic Name Dropper
    "Revolut are listed and state "GBP transfers to UK beneficiaries have a limit of £250,000 per transaction" so it sound like that would work."

    I would not do this, personally. Revolut are all too happy to lock up funds for review for days/weeks on end (see their subreddit for various tales of woe). Plus, no FSCS protection whilst your funds are on the platform.
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