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Ask HN: Online banks where I can open account worldwide?

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Re: Ask HN: Online banks where I can open account worldwide?

#32

Post by zAy0LfpBZLC8mAC »

rzvme wrote: post #25
ctas wrote: post #22

Earlier quoted context omitted.

Please don't use N26! There've been major security vulnerabilities in the past [0]. I wouldn't trust them with my money. [0] https://theheureka.com/massive-security-vulnerabilities-dete...

Thanks for that, didn't know. I am curios if you are insured and even if someone steals your money, you get it back.

The problem isn't whether it's insured, the problem is whether anyone believes your claim that it was stolen.

Re: Ask HN: Online banks where I can open account worldwide?

#33

Post by vader1 »

rzvme wrote: post #13

I love N26. I use it everyday. It is free, great conversion rate etc. it even works with Apple Pay. I know I sound like a paid advertiser, but I swear I just love their service Some nice things: - you can pay with it during a flight, not possible with most of the online bank - depending on the country you can apply for overdraft - you can get cards that include different types of insurance, free withdrawals in any cu…

I tried to register for an account with N26 early this year. After uploading all my personal information and passport scans, I received a generic rejection notice almost immediately. Extensively talked to the customer service, but they couldn't possibly figure out the rejection reason and eventually just stopped replying.

N26 appears to be one of those modern companies built on automation and algorithms where human customer service is an afterthought. It'll work until it doesn't - and then you're on your own. Wouldn't recommend using them to handle significant amounts of money.

Re: Ask HN: Online banks where I can open account worldwide?

#35

Post by joshuatalb »

orf wrote: post #12

Revolut[1] seems perfect, I cannot recommend them enough. With their premium plan you get 1% cashback on all card purchases outside the EU as well. The support is great, if your card gets cloned or something. You also can fluidly and transparently transfer between all different currencies at the interbank rate, which I find is great for travelling back home (Most of my cash is in Euros). They are really, really good.…

Whilst I recommend Revolut, be wary of the support. My card was stolen and I noticed that there had been several transactions on it, meaning somebody had been using it. Fortunately I have the push notifications turned on so I was alerted almost instantly.

When I got in touch with Revolut support, they needed a paper copy of the police report, along with several other documents from places such as ActionFraud (an organisation set up here in the UK to exclusively tackle fraud).

The police report took 2 hours to file, followed by a 2 week delay by Revolut to actually verify the claim and process the refund. Now, any other “bank” I’ve been with here will always refund you the money first and then resolve later.

This isn’t necessarily a criticism of Revolut, as I still use them very frequently but just a word of advice in case you’re used to the process, as I was.

Re: Ask HN: Online banks where I can open account worldwide?

#36

Post by rzvme »

zAy0LfpBZLC8mAC wrote: post #32
rzvme wrote: post #25

Earlier quoted context omitted.

Thanks for that, didn't know. I am curios if you are insured and even if someone steals your money, you get it back.

The problem isn't whether it's insured, the problem is whether anyone believes your claim that it was stolen.

haha you are right

Re: Ask HN: Online banks where I can open account worldwide?

#37

Post by niklasrde »

kbumsik wrote: post #10

I'm not sure doing it online is particular useful in that case. As it takes at best a couple of days to receive the card you ordered, were you willing to be stuck at that place (or hotel) for days without the card? As a Korean student who have studied in America and England, I found Citibank useful enough in my case. Citibank is particular good at international personal banking services and they have branches across…

I can't comment on the worldwide aspect, but plenty of challenger banks allow you to add your card to your Apple Pay/Google Pay wallets immediately after account opening; without having to wait for the physical card.

Re: Ask HN: Online banks where I can open account worldwide?

#38

Post by orf »

dzek69 wrote: post #20
orf wrote: post #12

Revolut[1] seems perfect, I cannot recommend them enough. With their premium plan you get 1% cashback on all card purchases outside the EU as well. The support is great, if your card gets cloned or something. You also can fluidly and transparently transfer between all different currencies at the interbank rate, which I find is great for travelling back home (Most of my cash is in Euros). They are really, really good.…

Revolut is not a bank (yet). It's nice to keep small amount of money there, but I wouldn't transfer all my money to them. But yeah, they're great.

Yeah, good point. I get paid into Revolut and transfer most of it to another, physical bank.
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