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Revolut Debit Card Deposits

sheffieldeagle
Posts: 697 Forumite



Hi
Can anyone tell me if deposits made by debit card into a Revolut account are available for withdrawal instantly? The transactions show as complete on the Revolut app. If so why is this the case?
Many thanks
Can anyone tell me if deposits made by debit card into a Revolut account are available for withdrawal instantly? The transactions show as complete on the Revolut app. If so why is this the case?
Many thanks
0
Comments
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It mite not have been cleared by your bank before u made debit card deposit0
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Also using Internet banking this day and age it's probably been held up until u can verify on line .
It happens alot personally I have prob every time I use mine .So if poss try and talk to ure card provider and they can point u in correct direction .0 -
Sorry I've probably not been very clear. I'm not having a problem it's quite the opposite. Normally debit card deposits normally take a few days to arrive in the receiving account but ones into Revolut appear to be complete straight away. I'm not complaining but how do Revolut achieve this? Are they just covering the pending amount themselves?
Cheers0 -
sheffieldeagle said:Sorry I've probably not been very clear. I'm not having a problem it's quite the opposite. Normally debit card deposits normally take a few days to arrive in the receiving account but ones into Revolut appear to be complete straight away. I'm not complaining but how do Revolut achieve this? Are they just covering the pending amount themselves?
Cheers
I use this monthly to make a £500 payment by debit card from Halifax to qualify for the £5 reward. The funds are immediately paid away to another current account. The Revolut account sits for the rest of the month with ~£30 balance.1 -
flaneurs_lobster said:sheffieldeagle said:Sorry I've probably not been very clear. I'm not having a problem it's quite the opposite. Normally debit card deposits normally take a few days to arrive in the receiving account but ones into Revolut appear to be complete straight away. I'm not complaining but how do Revolut achieve this? Are they just covering the pending amount themselves?
Cheers
I use this monthly to make a £500 payment by debit card from Halifax to qualify for the £5 reward. The funds are immediately paid away to another current account. The Revolut account sits for the rest of the month with ~£30 balance.
Much appreciated.0 -
Last time I used my Revolut account it worked exactly as you described - the money was available for use immediately, but took a day or two to clear on the debit card bank's end. Seems awfully risky for Revolut to do this in my view. Ultimately they could end up out of pocket if the transaction was cancelled/reversed somehow after the funds were withdrawn.1
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PRAISETHESUN said:Last time I used my Revolut account it worked exactly as you described - the money was available for use immediately, but took a day or two to clear on the debit card bank's end. Seems awfully risky for Revolut to do this in my view. Ultimately they could end up out of pocket if the transaction was cancelled/reversed somehow after the funds were withdrawn.Perhaps it's different for fraud.0
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WillPS said:PRAISETHESUN said:Last time I used my Revolut account it worked exactly as you described - the money was available for use immediately, but took a day or two to clear on the debit card bank's end. Seems awfully risky for Revolut to do this in my view. Ultimately they could end up out of pocket if the transaction was cancelled/reversed somehow after the funds were withdrawn.Perhaps it's different for fraud.0
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