This is interesting:
Bigger version of the graphic:
Question: anyone know about the credit card that Revolut has apparently issued in Lithuania?
This is interesting:
Bigger version of the graphic:
Question: anyone know about the credit card that Revolut has apparently issued in Lithuania?
To reply to myself:
Looks uninventive, but may be targeted for the Lithuanian market. Nothing on instant notifications or how it works in the app.
Thatâs just fake newsâŚ
Monzo has the same thing happening on social media but itâs not reflective of reality.
Revolut are not just blocking peopleâs accounts arbitrarily - neither is Monzo.
This isnât the same thing as Monzoâs account closures, though. Thatâs more about their âverification of fundsâ procedures, the fact that they seem to trigger more easily, and that Revolut doesnât seem to treat them as a priority when they happen.
Basically, Revolut may not be blocking accounts arbitrarily, but their âflagsâ seem to trip more often, and their customer service and compliance teams seem to be slower to get to people when it happens. Itâs why I donât really treat my Revolut account as anything more than a novelty to fool around with every now and then.
People moving;
This is a clear indication that Revolut is ON ITâS WAY DOWN, ABANDON SHIP, ABANDON SHIP!!!
Itâs okay, theyâve not ousted their CEO yet - weâre safe for another few weeks.
Credit Suisse wants some of the Revolut action
Interesting the Monzo & Credit Suisse are currently both in the same building;
https://www.broadgate.co.uk/building/broadwalk-house
(EDIT: In London)
https://twitter.com/JohnBishop100/status/1304427827052371968?s=19
Unfortunately for revolut bad news travels fast especially when you have 3.5 million followers.
Got an email that Revolut have launched Easy bank transfers via open banking, they are using truelayer.
Think theyâve had this for a while - at least trialling - I added money to Revolut maybe last month or the one before via the HSBC app. Very simple to do.
Itâs been in beta for a while. Not any quicker than faster payment, tbh
In fairness though - it can be significantly faster.
I didnât have my Revolut account info entered into HSBC at all so I avoided all of that with a few taps and the payment was made instantly without the faff of account numbers.
Yeah, I suppose youâre right. Once you have set up a payee though, I donât see the benefit
Story in the FT:
Tbh it was patently foreseeable that a ÂŁ150k transfer would trigger compliance issues and a red flag when your regular pattern of use is orders of magnitude lower. Boggles the mind why anyone would instruct the receipt of a huge sum of money to their neobank account, unless itâs their only account and in that case you should give chat all the info ahead of the transfer imho for pre-clearance:
Just poor all round in both sides.
In the article, it said he transferred ÂŁ150,000, when I joined Revolut there are strict limits in their terms the amount you can transfer to/from the Revolut account, you can raise the limit on the request with their support team.
Also, the article which you presented does not show what the resolution was, they did not ask Revolut for a response, also there is nothing is stopping the client raising the issue via the support section on the Revolut website.
The chances are the client was in breach of the terms/conditions due to the large amount being transferred and the issue with the Chat App was down to user incompetence.
In dollars and euros though? Both currencies?
Thatâs super unusual, probably for an account that has never seen that amount in a mix of currencies.
No wonder it raised a few red flags.