Close Menu
    Revolut says it no longer needs 'good reason' to debank customers
    Ireland

    Revolut says it no longer needs ‘good reason’ to debank customers

    View 5 Comments

    5 Comments

    1. Feisty-Nectarine9880 on

      I know this is a UK article but this sounds like what happened to me. Ive posted here before about how Revolut closed my account with no explanation nor right of appeal. I’d done nothing wrong but for some reason they couldn’t prove it despite me providing any info they asked for

      “A 2024 report from the Institute of Economic Affairs described a “debanking epidemic” in which tens of thousands of accounts were being closed because banks could not prove that customers were not involved in financial crime, following the implementation of new anti-money laundering rules in 2017.”