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Revolut CFO resigns following money laundering controversy

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Re: Revolut CFO resigns following money laundering controversy

#151

Post by SquishyPanda23 »

sschueller wrote: post #127
Robin_Message wrote: post #125

Earlier quoted context omitted.

Out of interest, do you feel so strongly that money laundering should be prevented that you are unwilling to do business with a company that might be not doing enough to prevent it? If not, what is it that Revolut has done according to this article that makes you want to quit?

Nothing to do with that. It's because of this: https://twitter.com/phillipcaudell/status/110108122935141580... and how the company operates. Not something I want to support.

Wow he really comes across as someone who doesn't know how to lead.

Re: Revolut CFO resigns following money laundering controversy

#152

Post by [deleted] »

orf wrote: post #119
baby wrote: post #111

Earlier quoted context omitted.

The people of London will have to disagree with you. Monzo has won the war there.

Sure, but that's one city out of thousands. Revolut is an awesome card for travelling, comissionless exchanges at the interbank rate and is available throughout europe, and it's winning there. Where it counts.

[deleted]

Re: Revolut CFO resigns following money laundering controversy

#153

Post by dec0dedab0de »

SideburnsOfDoom wrote: post #132
spectramax wrote: post #112

Earlier quoted context omitted.

What are the reasons one should get a banking app? I’ve never heard of Revolut or Monzo.

The killer feature for both Monzo and Revolut, is that when you use the card to pay for something, the app notifies you immediately. Sometimes it's fast enough that you have confirmation of the transaction before the merchant does. _edit_ I didn't mean to imply that this was _unique_ to only Monzo and Revolut worldwide. But it is unusual in the UK - it is it is something that regular UK Big banks don't do, or are rus…

My capital one card does that too.

Re: Revolut CFO resigns following money laundering controversy

#154

Post by rsync »

jscholes wrote: post #133
ucha wrote: post #123

Earlier quoted context omitted.

Revolut is the only bank I know of that does free fx conversions, it's a huge feature and money saver for people that have bank accounts in different countries and currencies.

> Revolut is the only bank I know of that does free fx conversions, it's a huge feature and money saver for people that have bank accounts in different countries and currencies. Try TransferWise borderless.

"Revolut is the only bank I know of that does free fx conversions, it's a huge feature and money saver for people that have bank accounts in different countries"

I am interested in what you mean by "free" - I think you mean that they charge no fee for the currency conversion but what about the conversion rate ? Are you suggesting they give you the current, spot rate with no basis points charged at all ?

Re: Revolut CFO resigns following money laundering controversy

#155

Post by spectramax »

SideburnsOfDoom wrote: post #132
spectramax wrote: post #112

Earlier quoted context omitted.

What are the reasons one should get a banking app? I’ve never heard of Revolut or Monzo.

The killer feature for both Monzo and Revolut, is that when you use the card to pay for something, the app notifies you immediately. Sometimes it's fast enough that you have confirmation of the transaction before the merchant does. _edit_ I didn't mean to imply that this was _unique_ to only Monzo and Revolut worldwide. But it is unusual in the UK - it is it is something that regular UK Big banks don't do, or are rus…

Amex app does this. Instantly.

Re: Revolut CFO resigns following money laundering controversy

#156

Post by cporios »

sschueller wrote: post #45

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…

Revolut has terrible customer support, even for paying customers of the highest tier (and they're super expensive!).

Their in-app chat support agents take ages to respond and are either robots, or they act like they're robots. They know very few things, and will never let you speak to someone who can actually help you. They intentionally hide their email addresses, their "chat agents" always refuse to give you an email and you won't find an email address on their website either. I also tried support@revolut.com and also info@, hello@ and others.

I once had to write a PHYSICAL LETTER that I sent via post to complain. They immediately responded via email (and complied with my requests) from the following address. Feel free to use it to complain:

formalcomplaints@revolut.com

Re: Revolut CFO resigns following money laundering controversy

#157

Post by ben_w »

rsync wrote: post #154
jscholes wrote: post #133

Earlier quoted context omitted.

> Revolut is the only bank I know of that does free fx conversions, it's a huge feature and money saver for people that have bank accounts in different countries and currencies. Try TransferWise borderless.

"Revolut is the only bank I know of that does free fx conversions, it's a huge feature and money saver for people that have bank accounts in different countries" I am interested in what you mean by "free" - I think you mean that they charge no fee for the currency conversion but what about the conversion rate ? Are you suggesting they give you the current, spot rate with no basis points charged at all ?

I have a Revolut account, a GBP Halifax account, and a EUR N26 account. Twice now I have accidentally topped up my GBP Revolut from the EUR N26 account instead of the GBP Halifax account, and both times I found that transferring the money from the GBP Revolut account to the EUR Revolut 30 seconds later actually made a small profit from my errors.

Re: Revolut CFO resigns following money laundering controversy

#158

Post by tachion »

objclxt wrote: post #83
tachion wrote: post #72

Earlier quoted context omitted.

It is completely legal in the UK without any compensation. I saw companies adding clauses in their contract of 'and you agree to work overtime without any pay' by default and claiming 'it is our standard template, no one complained before you' when confronted about it. Once you agree to such contract, they pretty much own your time.

> It is completely legal in the UK without any compensation. This isn't strictly true. The Working Time Directive provides you the right to work no more than 48 hours a week. It is possible in the UK to opt out of the Working Time Directive, but it is not mandatory . You cannot be forced to do so. So whilst a UK company can legally add a clause that says "you agree to work overtime without any pay", they cannot force…

Guess what, opting out is there 'by default' too.

Re: Revolut CFO resigns following money laundering controversy

#159

Post by [deleted] »

dec0dedab0de wrote: post #153
SideburnsOfDoom wrote: post #132

Earlier quoted context omitted.

The killer feature for both Monzo and Revolut, is that when you use the card to pay for something, the app notifies you immediately. Sometimes it's fast enough that you have confirmation of the transaction before the merchant does. _edit_ I didn't mean to imply that this was _unique_ to only Monzo and Revolut worldwide. But it is unusual in the UK - it is it is something that regular UK Big banks don't do, or are rus…

My capital one card does that too.

[deleted]

Re: Revolut CFO resigns following money laundering controversy

#160

Post by ben_w »

SideburnsOfDoom wrote: post #132
spectramax wrote: post #112

Earlier quoted context omitted.

What are the reasons one should get a banking app? I’ve never heard of Revolut or Monzo.

The killer feature for both Monzo and Revolut, is that when you use the card to pay for something, the app notifies you immediately. Sometimes it's fast enough that you have confirmation of the transaction before the merchant does. _edit_ I didn't mean to imply that this was _unique_ to only Monzo and Revolut worldwide. But it is unusual in the UK - it is it is something that regular UK Big banks don't do, or are rus…

N26 also does this. Also sometimes faster than the merchant.
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