From mid-June 2020 your account with a Lithuanian payment institution was possible Revol recharge through a collection account at the Czech Raiffeisenbank. The advantage was the possibility to send / deposit koruna payments free of charge or very cheaply.
Revolut’s collection account with Raiffeisenbank has a number 5170013317/5500, the money in your Revolut account was then differentiated using a variable symbol or a note for the payee, in both cases your Revolut user number was indicated. During the working day, until about 5 pm, it took a minute to top up the account, after which the money was credited the following day.
Payments to Revolut can be made through a Raiffeisenbank collection account. (June 17, 2020)
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And this service ends January 31, 2022. Revolut informed its customers by e-mail. This means that the last day you can send or deposit money this way is 30. 1. 2022 to 23:59., then it will probably be returned to the sender of the payment.
With regard to banking secrecy, we will not comment on this matter,
she said when asked by the Bag Petra Kopecká, Raiffeisenbank spokesman. Unfortunately, as of January 31, we can no longer provide local IBAN numbers to our customers in the Czech Republic. We regret any inconvenience for customers who recharge their Revolut accounts by bank transfer. To avoid the risk that banks charge them a top-up fee, customers recommend that they top up their Revolut accounts with debit cards. We are considering various ways to reintroduce Czech IBAN numbers in the future,
wrote on a question to Měška Stefan Bogucki, Senior Communications Manager Revolutu.
According to unofficial information, the reason may be the planned change in the application of Revolut and the incompatibility of the current technical solution of collection accounts.
Existing clients will have three more options to send money to Revolut as of January 31, 2022:
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- SEPA / foreign payment to an account with Lithuanian IBAN. In the case of a koruna payment, prepare for fees of CZK 100–300 for 1 payment charged to the sender of the payment. Payments in euros are either free of charge or literally for a few crowns.
- Recharging with Mastercard or Visa. (0, – CZK)
- Transfer money from another user. (0, – CZK)
In the Czech Republic, Revolut has over 300,000 customers and operates as an entity with several entities. Czech customers have a contract with a Lithuanian payment institution (uninsured deposits), some can open a sub-account with the Lithuanian Revolut Bank (insured deposits) and investment issues are handled directly by the British Revolut.
Revolut is a phenomenal fintech startup that has gained more investors for its development. But it’s not all that amazing and great. It also has several disadvantages, which it can sometimes do they lift their clients off the chair.
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