Irish Revolut users have already donated more than €500,000 using the donations feature in the Revolut app.
The pandemic has had a detrimental impact on countless people’s finances since it arrived in Ireland all the way back in March.
From retail and hospitality to small businesses, there’s hardly a single sector of society that this virus hasn’t had a negative financial impact upon.
And that goes for the charity sector in Ireland too, now more than ever.
Since the arrival of COVID-19 on our shores, traditional funding streams for Irish charities have all but dried up, with lockdowns and travel restrictions wreaking havoc on how they raise money, and perhaps most importantly, how others raise money on their behalf.
The Charities Institute Ireland has even projected donations to be down by more than 40% due to the crisis.
However, in what is some good news for the sector, global fintech Revolut has announced that it is harnessing the power of its platform to help a number of Irish charities fundraise during the pandemic.
Here’s what’s happening...
Charity partnership
Revolut is partnering with six Irish charities to help with their fundraising efforts which have been severely impacted due to the ongoing pandemic in Ireland.
Focus Ireland, the Irish Cancer Society, ISPCC Childline, the Jack & Jill Foundation, Pieta, and Safe Ireland have all been added to Revolut’s ‘Donations’ feature, which many Revolut users may already be aware of after checking out the Revolut app’s many avenues.
The Donations feature is an intuitive and invaluable tool for charities, making donating a breeze. What’s more, 100% of the money you donate through the app goes straight to your chosen charity.
The six charities that have newly partnered with Revolut will join two other Irish charities already on the app - Special Olympics Ireland and the Irish Red Cross.
Irish Revolut users can also choose to donate to one of a number of international charities too, including Médecins Sans Frontières, Rainforest Alliance, and the WWF.
So far Irish Revolut customers have donated more than €500,000 to charities using the feature, while 248,232 users worldwide have donated an incredible €3,700,487.42 to the charities taking donations through the app.
A spokesperson for Revolut said:
We are very proud to add these 6 new charities to Revolut Donations. Charities across the country have experienced a decline in donations due to Covid-19 restrictions.
By enabling users to donate electronically- and pass 100% of the donation to the charity - we hope that the Revolut community can support those in need as we approach Christmas.
How to donate
The Donations feature is simple and easy to use. All users have to do is go to ‘marketplace’ in the Revolut app and click on ‘Donations’, discernible from the 'heart' as its icon.
Within this tab you can see your own live contributions made thus far, as well as the list of available charities you can donate to, including those eight Irish charities listed above.
To donate, all you have to do is tap the charity you’d like to make a donation to, click + donate, select the amount you'd like to donate and you're finished.
Users can easily make a once-off donation, but you’ll also be given the opportunity to make a recurring donation (daily, weekly, or monthly).
As well as that users can also choose to donate their spare change to their charity of choice. In other words, every time you make a card transaction with Revolut, the fintech will round up your purchase to the nearest whole number and donate the difference on your behalf - clever, huh!
Recent Revolut news
Revolut has made headlines numerous times since the start of 2021. If you missed any of Revolut’s updates, take a look at the following:
- Back in March Revolut released a limited edition ‘Daffodil’ debit card in partnership with the Irish Cancer Society.
- Revolut caused some controversy among its customers back in February, when it announced it was raising fees and charges for the second time in less than a year.
- At the start of June Revolut announced that its Irish CEO was set to lead its European operations.
- A few weeks later Revolut removed its restrictive top-up limit of €40 on standard Revolut Junior accounts.
You can stay up to date with all the latest Revolut news with our blogs.
Switch it up
If you’ve been thinking about switching your current account to one of the main online banks such as Revolut or N26 we couldn’t say you’d be too far wrong, especially when it comes to avoiding daily transaction and account maintenance fees.
While an online bank isn’t for everyone, it's always good to do your research. Thankfully we’ve already done that for you. Click here to see how Revolut compares to the other main digital-only bank in Ireland, N26.
You can always compare the more traditional current account providers over on bonkers.ie with our straightforward current account comparison tool. It only takes a few seconds!
To learn more about various current accounts on offer, why not have a look at our blog on which bank has the best value current account at the moment?
Get in touch
Are you a Revolut user? How do you find the app? Get in touch and let us know in the comments below!
If you have any other personal finance queries you can also find us over on Facebook, Twitter, and Instagram.
