Do you need to declare revolut or monzo while applying for loan if it is not your primary bank account ? Does it impact your credit rating ?
This is what I found online:(It seems to be a good option to hide punting transaction from main account but there might be some issues as well )
Monzo and Revolut: These are both fully authorized banks and may report account activity to credit reference agencies. This means that using them responsibly can help build your credit history, but opening a new account will show up on your credit report
No clue about Monzo but I’m fairly sure revolut is yet to obtain their full banking license and they don’t offer credit products. Revolut activity won’t show up on a credit report as they don’t offer any credit products to share with the agencies. If a punters concerned about transactions on their bank statements, money sent from their traditional bank to a challenger bank will show up, but what it’s used for won’t show on their main account.
The real issue lies with whether their partner can also see their revolut / monzo statements. Thankfully I’m single at the moment, so this isn’t a worry for me
