📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Revolut UK transferred funds to HSBC UK (DEBIT) charged a fee

Options
 I transferred £15 to my friend from my revolut card UK to her HSBC UK debit account. However she only got £14.83. and it seems like HSBC UK took a fee. Why is this?

Comments

  • Hoenir
    Hoenir Posts: 7,742 Forumite
    1,000 Posts First Anniversary Name Dropper
    Debit account.   Did you mean current account? 
  • RKO1
    RKO1 Posts: 44 Forumite
    10 Posts
    Hoenir said:
    Debit account.   Did you mean current account? 
    Apologies yes
  • TheBanker
    TheBanker Posts: 2,238 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Did you transfer it using Faster Payments (sort code and account number), or did you give Revolut their 16 digit card number? I believe Revolut levy a small fee for transfers where you use the card number.
  • RKO1
    RKO1 Posts: 44 Forumite
    10 Posts
    TheBanker said:
    Did you transfer it using Faster Payments (sort code and account number), or did you give Revolut their 16 digit card number? I believe Revolut levy a small fee for transfers where you use the card number.
    I went via contacts and sent them a request
  • RKO1 said:
    TheBanker said:
    Did you transfer it using Faster Payments (sort code and account number), or did you give Revolut their 16 digit card number? I believe Revolut levy a small fee for transfers where you use the card number.
    I went via contacts and sent them a request
    If your pal had a Revolut account then the transfer from yours to theirs would have been fee-free. The fee levied depends on how your pal decided to receive the cash. A personal faster payment (where you have the account number etc) is also free.
  • RKO1 said:
     I transferred £15 to my friend from my revolut card UK to her HSBC UK debit account. However she only got £14.83. and it seems like HSBC UK took a fee. Why is this?
    It's almost certainly Revolut that's charged you - using debit or credit cards incurs costs and probably passed it on.  
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.