Eoin McGee

Okay, so let's not go specific on Revolut in particular, right?

Because you can get caught up.

What you have to be careful about with any bank account, any deposit account, when you start putting money in them, is it covered under the government guarantee scheme?

We've spoken about this here before, David.

So typically what you'll find is, with any of the banks in Ireland, you'll find that the first €100,000 of your money is guaranteed by the government if that bank fails.

OK, and you'll find that across most banks across Europe, but that only applies to retail customers.

It doesn't apply to corporate customers.

And sometimes some of these platforms, I'm not suggesting revolutions, I'm talking in general here.

Sometimes some of these platforms pull loads of customers together and put them in as a corporate customer into the other bank that they're placing the business with.

And therefore you can lose all, if not some of the corporate scheme, sorry, the government guarantee scheme.

So just be careful that you're covered in that is the first thing.

As regards Revolut, is it an option?

It's a very flippant response, but it's the same response I give every time when people ask me about interest rates.

Let's be really clear.

All of the interest rates are crap.

They're really, really poor.

And what I would suggest people do is...

Spend some time.

Use some of the online searches to have a look and compare and contrast between the couple of them.

But if they're not making a massive difference and you can do it much simpler with your own bank, you might be better off because they're all crap anyway.