Revolution MoneyExchange - anyone use it?

[SnoopyCool]

I believe it is like PayPal, nix the fees for receiving money. Just wondering if anyone here uses it.

[Bluezy]

I opened a Revolution account last week. Received the $25 bonus immediately and was able to transfer the bonus out in to my regular online account. The transfer was VERY quick.

[PrincessPerky]

My husband did it, he got the money in his regular bank account ASAP.

[disneysteve]

Not familiar with it, though I'm willing to be that if it catches on, it won't stay free. Paypal was free when it started. Once it got popular, in came the fees.

[Joan.of.the.Arch]

Bluezy and PrincessPerky's husband, did you read all the fine print? I have to wonder if in the fine print some kind of future fees were laid out.

[Hedy]

Subscribing-I'm interested, but having gotten burned in the Green Zap deal a few years ago, I'm wary.

[PrincessPerky]

I am fairly certain my husband read the fine print. the free money they are giving he explained to me, is so they can get a bunch of vendors to be willing to accept them....

Pay pal did that when they first started so they would be able to say they have a large base of folk with money in the accounts ready to buy stuff.

I believe no future fees were mentioned (remember I didn't read it) but I am certain there will be fees to transfer eventually just like pay pal. so the sooner you get your free money the better IMO.

[poundwise]

Just to clarify, with PayPal, there are no fees to send and receive money between PayPal (Personal) accounts.

PayPal fees come in with other account types (Premier/Business) for online auctions and other selling where the recipient accepts other forms of payment, including directly from credit cards.

LINK

As for Revolution MoneyExchange, it is worth noting that the accounts are, "...issued by First Bank & Trust, Brookings, SD, Member FDIC..." I personally wouldn't link my primary checking to this (or to PayPal) but otherwise, it would seem Revolution's service is nothing to be particularly wary of.

[sounderella]

I was checking this out....I'm kind of wary of giving them my SSN#.

[poundwise]

I was checking this out....I'm kind of wary of giving them my SSN#.

I also don't like the idea of giving out my SSN but it is required since you are, in essence, opening a new bank account.

When all is said and done, I'm simply not interested in opening new accounts like this just to get some small bonus payment. It's just not worth the hassle.

However, to look at it another way, if someone is interested in the service, then you might as well as register while they have the special offer.

[disneysteve]

When all is said and done, I'm simply not interested in opening new accounts like this just to get some small bonus payment. It's just not worth the hassle.

Same here. There are so many banks that offer sign up bonuses. You could easily make several hundred dollars opening accounts but it is too much of a pain IMO.

[SnoopyCool]

I don't think it is worth it, either. Just wondered if anyone here uses it.