221–230 of 256 posts
- three months of being pushed to lend lots, regardless of what the nonexistent risk models say, while not being allowed to set up a Collections team with real people
- three months of watching helplessly as a wave of bad accounts roll through the delinquency buckets to writeoff
- fired
No thanks...
Earlier quoted context omitted.
There's clearly two schools of thought debating here. One is that there should be a presumption of innocence, and the other is that there should be random warrantless checkpoints everywhere to catch the bad guys.
It's not even a debate at this point. Been settled for a while now.
Earlier quoted context omitted.
Spot on! How much productivity is lost due to turnover and re-hiring?
In many companies, executive management puts more trust in the HR management than other sectors of the org. I speculate it’s for a number of reasons: HR is often the most easily subverted department, needing far less objectivity than departments related to brass tacks product development, IT, customer service, etc. So HR can most easily be a yes-man that executives like to hear from. Also while there certainly are do…
Earlier quoted context omitted.
I highly recommend Monzo instead :) it is light years ahead of Revolut.
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.
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 ?
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.
Earlier quoted context omitted.
The people of London will have to disagree with you. Monzo has won the war there.
What war? All banks are better than both Monzo and Revolut in almost all aspects. They only reason everyone (myself included) has Monzo and Revolut is because VC are happy to pay my FX fees until I ditch them for the next VC funded app
You probably have never used Monzo or Revolut then XD or perhaps you work for one of these banks. Hilarious comment though.
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?
Revolut is not insured by FSCS, the standard UK deposit insurance scheme (because it's not a "bank", it's "something something digital"). They say all money is parked in a trust account at a regular bank in Lithuania. But I wouldn't want to be involved in testing how well that setup hold up in court.
[1] https://www.theguardian.com/money/2018/dec/22/lithuania-icel...
Earlier quoted context omitted.
i use transferwise which i trust more to be around in 10 years and not doing anything idiotic with my money and bank account details any company with roots/ties in the cryptocurrency scene is waving a giant red flag to users, as confirmed by the latest money laundering mess revolut is going through
Strange you trust a middleman more than an a actual first-party tier-1 bank (your Revolut UK account is a Lloyds account).