Originally Posted by
deniah
These stories are almost always lacking detail and context. Reddit is skewed towards younger crowd with ...er...less secure profiles, so it would not surprise that their anonymous accounts report being entangled in situations that doesn't pass KYC muster. Revolut and the like hold various financial charters and licenses, and so are not fly-by-night operations.
I have first hand account of friend of mine from Singapore to have his whole funds (about $4000) locked in Revolut for 4 months for
receiving money (about $700) from a relative in India. That was enough for me to stay away from them.