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I highly recommend Monzo instead :) it is light years ahead of Revolut.
I started with Monzo but switched to Revolut, and I can say Monzo is not light years ahead at all.
How do I cancel my account? Nothing in the FAQ and support chat in the app is trying to sell me a metal card. EDIT: found it: https://www.revolut.com/help/profile/i-want-to-terminate-my-... EDIT2: What a shit show, I have been trying to delete my account for more than 30 minutes now. When you chat through the app you are first connected to a bot which you need to tell you want to talk to a human, after waiting a whil…
I highly recommend Monzo instead :) it is light years ahead of Revolut.
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Damn... very disapointing considering how cool their product is. Monzo is better anyway, and the best bank app on the market, and I’ve heard it’s a cool place to work at. Just wish they would be faster to come to the US.
To be fair you have Simple Bank and Qapital in the US if you're looking for Monzolikes
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I highly recommend Monzo instead :) it is light years ahead of Revolut.
What are the reasons one should get a banking app? I’ve never heard of Revolut or Monzo.
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If you truly don't understand why there are anti money laundering laws I suggest you go commit some crimes for large financial gain and then figure out what the hell to do with the money such that you can use it.
That's the not the point of the thread you're replying to. Someone claimed that it was the bank's fault because they did nothing to prevent money laundering. Why would they if they are not forced to? When you run a business you do not turn customers away, especially they they want to give you plenty of cash... It's naive or hypocritical to claim otherwise.
None is blaming them for accepting funds from anyone that they come across, but there should be no confusion as to why the rules exist: because the banks will indiscriminately allow the transfer of funds from illegitimate sources.
With that in mind, the rules are crazy, because the banks don't care.
Money laundering in traditional banking?!?! I thought that only happened in cryptocurrency!
HSBC in Mexico, for example: https://www.bbc.com/news/business-18880269
A company with ties to Putins oligarchy involved in money laundering? How shocking. /s Facts: CEO's father is a deputy director Gazprom, and one of the investors is Yuri Milner, who the paradise papers outed for channeling Kremlin cash in to tech co's.
"It follows a report by the bank to the FCA and National Crime Agency last year in which it warned both organisations of suspected money laundering through its app. The digital bank has suffered a number of departures from its compliance team in the past two years, including two chief risk officers, the chief compliance officer, and two money laundering reporting officers." I don't believe the Russian CEO could be in…
Oh, why couldn't you possibly believe this?
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I started with Monzo but switched to Revolut, and I can say Monzo is not light years ahead at all.
The people of London will have to disagree with you. Monzo has won the war there.