Advcash / Volet update (not looking good).

[wellington]

Recently see this.

Introducing inactivity fee for personal accounts
Please note that starting June 30th 2024 we will start charging inactivity fees of $1 a month from personal accounts that did not have any transactions for the past 6 months.

It means that on June 30th 2024 $1 will be deducted from the fiat balance of personal accounts with sufficient balance that did not have any transactions for 6 consecutive months before June 30th 2024.

Your Volet.com account remains free to use as long as you make at least one transaction every 6 months. Transactions that keep your account active include deposits, withdrawals, incoming or outgoing P2P transactions as well as buying or selling crypto.

Charges for SMS notifications, SMS login confirmations or inactivity fees are not considered account activity.

• Inactivity fees apply to personal accounts only.
• They are charged on the last day of the month after 6 full consecutive months of inactivity.
• They are charged from any fiat wallet with sufficient balance.
• Inactivity fees are not charged when there is no fiat balance.
• No inactivity fees for accounts closed by the user.
• No inactivity fees for accounts blocked before December 18th 2023.

Got questions about inactivity fees or any other aspects of your Volet.com experience?

Note, users are unable to SEPA, or withdraw to European account (etc)
Note, users are unable to credit to card(s) (union/master etc) and spend.

So basically a fee monthly for a service that can't be used lol.

 

[JohnLocke]

Note, users are unable to SEPA, or withdraw to European account (etc)
Note, users are unable to credit to card(s) (union/master etc) and spend.

Is that the situation right now with Advcash

 

[Alexmorgan]

When i tried to register with them something in my mind hold me back

I felt like as they are not part of Mastercard or Visa system thats means there is a problem besides there was no Iban and Swift system to wire in or out

Thank god i didnt use them

 

[Marshal]

When i tried to register with them something in my mind hold me back

I felt like as they are not part of Mastercard or Visa system thats means there is a problem besides there was no Iban and Swift system to wire in or out

Thank god i didnt use them

Right now any company with the connection to RU is better avoided.

 

[jafo]

Recently see this.


Note, users are unable to SEPA, or withdraw to European account (etc)
Note, users are unable to credit to card(s) (union/master etc) and spend.

So basically a fee monthly for a service that can't be used lol.

So, what is the purpose of the account?
Which residents/countries do they prefer?

 

[thaowessuwan]

Time to close the account.

 

[TheCryptoAnt]

At this point its only utility is for crypto spending with their Global card if you don't want to use a bank, honestly.

Keep in mind that their card offerings go offline regularly too so