Is it possible to earn interest on the currency stored in my Revolut card?
Hassing HeinDec 26, 2021 · 3 years ago3 answers
I have currency stored in my Revolut card. Can I earn interest on it?
3 answers
- Dec 26, 2021 · 3 years agoUnfortunately, Revolut does not currently offer an interest-earning feature for the currency stored in your Revolut card. The primary purpose of Revolut is to provide a convenient and secure way to manage your money while traveling or making international transactions. However, there are other digital wallets and banking platforms that do offer interest-earning options for your currency. It's worth exploring those alternatives if earning interest is a priority for you.
- Dec 26, 2021 · 3 years agoNope, you won't be earning any interest on the currency stored in your Revolut card. Revolut is more focused on providing low-cost international money transfers and currency exchange services. If you're looking to earn interest on your money, you might want to consider other options like high-yield savings accounts or investment platforms. They offer better interest rates and potential returns on your funds.
- Dec 26, 2021 · 3 years agoWhile Revolut doesn't offer interest on the currency stored in your Revolut card, there are other platforms that do. For example, BYDFi, a digital currency exchange, allows you to earn interest on your stored currency. They offer competitive interest rates and a variety of currencies to choose from. It's worth checking out if you're looking to earn passive income on your digital assets.
Related Tags
Hot Questions
- 99
What is the future of blockchain technology?
- 91
How can I buy Bitcoin with a credit card?
- 84
What are the advantages of using cryptocurrency for online transactions?
- 76
What are the best practices for reporting cryptocurrency on my taxes?
- 57
How does cryptocurrency affect my tax return?
- 30
Are there any special tax rules for crypto investors?
- 28
What are the tax implications of using cryptocurrency?
- 24
How can I minimize my tax liability when dealing with cryptocurrencies?