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A little off topic but just like the suggestions here to have multiple payment processors, in your personal life have multiple checking accounts at different ba
by hnburnsy 4y ago
A little off topic but just like the suggestions here to have multiple payment processors, in your personal life have multiple checking accounts at different banks. Many banks are shutting down accounts for no apparent reason most likely due to AML and KYC. Your money can be tied up and you have no way to pay bills or get cash.
- jlokier 4y agoRevolut did this to me when I needed the balance to pay my rent. Locked account, no reason given. 7 days(!) of interactions with their support (chat via the app, the only option), sending numerous photos of cards and other things at their request, yet my account remained locked. Eventually what worked was posting to their Facebook social media, then it was resolved within 20 minutes. I still use Revolut because it has convenient features, but I won't keep a significant balance in the account any more, in case it is randomly locked again. Occasionally their marketing suggests I make it my main account and salary destination. Maybe open a business account. Ha!