OffshoreSeychelles
Turner Little - Company Formation Agents
UK Ltd with emi bank account

Revolut is a Scam and why you should never trust them.

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3Sure

New member
Ok If they want to ban you from their services but it's not their money to keep either.
What do they do with the money on the frozen account??
Are there even financial experts/accountants behind these companies?
I have TW, so far so good;)
Hi Jade33,
What is TW? Please
 

ffbkdavid

Offshore Agent
I know many people who had their business account with Transferwise closed in the same way that you describe here last week.
  • They do not warn you
  • They don't answer any email or call (only automated answers)
  • They do not want to disclose why they closed the account
All account were opened by a US LLC
forget transferwise, far too difficult if you don't have a degree in philosophy or any dead language like latin... simply try yourself, open an account and try to move a minimal amount onto your account using their "transfer coordinates"... simply impossible

at least they wired back the 100 swiss franks we transferred correctly, thanks for that
 

Istn

New member
Revolut is doing due diligent checks once you have reached a specific limit. Got a private account with them and they asked me for payslips once. If your business account was blocked, you most probably triggered some alert or reached a threshold. Revolut is a financial institution and is therefore required to comply with aml regulations.
 

alex40

New member
90% of those EMI accounts closing accounts for no reason, and if you want to wire out the money .. they will ask alot of things until you give up
i know someone that had account with entropay ,he lost about 45k euro there , also another one lost with i-account
they getting rich and closing their business one day

if you have legit business then go for REAL BANK account.
i know those days its hard to find out good banks to accept you as a customer, but if you are low risk customer and having business plan,contracts etc,
then you can open account ,few banks started to open remotely account (by video call with the banker)

for example: singapore dbs bank, ocbc, uob bank (with BVI /HK COMPANY - 0% tax)
 
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MiddleEuroAsia

opportunist.
Mentor Group Gold
forget transferwise, far too difficult if you don't have a degree in philosophy or any dead language like latin... simply try yourself, open an account and try to move a minimal amount onto your account using their "transfer coordinates"... simply impossible

at least they wired back the 100 swiss franks we transferred correctly, thanks for that
What the fuck is this garbage lmao? Stop exaggerating my man. I don't think I've been here enough in this forum but Seriously what is this? I've been using Transferwise for 3 years and never had a single issue with them (maybe a few tickets here and there but that's it) Either you are doing something illegal or you are doing something illegal there is no in between.

Either do proper business or cover your tracks accordingly.

be honest with yourself and take a look at your business and ask yourself this "Man, If I want to arrest me or expose my self, where should I start? where are the weak points in my business?" After you answer these questions honestly, fill the gaps in your business or contact someone that is able to help you fill these gaps. and you will find that maybe opening another account with EMIs or banks will not be "impossible" after all.

Transferwise would be out of business if what you described is true.
 

dor

Offshore Agent
Mentor Group Gold
I wouldn’t use Revolut either.
I have only used it for private purposes and they froze my money for almost two weeks because they wanted to see the source of the funds. There’s no way to call or email them, you can only contact them through the mobile app chat where you will be talking to people who probably work on €3 an hour, i.e. not really smart or competent people.
I didn’t need the money urgently. In the end, the funds were released and my limit increased. But I wouldn’t want to do business with a company like that.
what did you shows them as proof of funds?
 
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