Changing Large Sums of Money from Dollars to Pounds



Fwiw I use revolut regularly for when I go to the states. It's instant but you can only take 200 quid a month out in cash before it charges you. The difficulty would be getting the usd into the account. HSBC and citi charge for multi currency account.
 
Never used it to exchange large amounts into a foreign currency but I quite regularly loop my credit card balance to my bank account using Revolut.

You can transfer however much you want and it’s instant.

Edit: however much you want depending on the limit they set you, and if they approve it every time to ask to increase*
 
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MackneyHackem said:
Never used it to exchange large amounts into a foreign currency but I quite regularly loop my credit card balance to my bank account using Revolut.

You can transfer however much you want and it’s instant.

Edit: however much you want depending on the limit they set you, and if they approve it every time to ask to increase*
Click to expand...
what limit? i've never encountered that.
 
nyron4england said:
what limit? i've never encountered that.
Click to expand...

Mine was capped at £5k a day, then I got it increased to £20k after I provided source of funds and whatnot.

Then I was given two warnings for taking the piss because apparently you're not allowed to loop funds to gain airmiles and it's in their T&Cs apparently.

I've accrued 88,000 miles in two months though, that's two return flights to USA, Mexico or the Caribbean.
 
MackneyHackem said:
Mine was capped at £5k a day, then I got it increased to £20k after I provided source of funds and whatnot.

Then I was given two warnings for taking the piss because apparently you're not allowed to loop funds to gain airmiles and it's in their T&Cs apparently.

I've accrued 88,000 miles in two months though, that's two return flights to USA, Mexico or the Caribbean.
Click to expand...
wait, did you use your credit card to top it up, then use revolut to pay it back off? surely that would charge you as a cash withdrawal rather than a purchase. like using a cc for a gambling account.
 
nyron4england said:
wait, did you use your credit card to top it up, then use revolut to pay it back off? surely that would charge you as a cash withdrawal rather than a purchase. like using a cc for a gambling account.
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That's right. And nope, no charge.

One of my mates took his lass away on holiday in first class recently, he was the one who told me about it.
 
MackneyHackem said:
Mine was capped at £5k a day, then I got it increased to £20k after I provided source of funds and whatnot.

Then I was given two warnings for taking the piss because apparently you're not allowed to loop funds to gain airmiles and it's in their T&Cs apparently.

I've accrued 88,000 miles in two months though, that's two return flights to USA, Mexico or the Caribbean.
Click to expand...
is it an amex?
 

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