Revolut - How Safe Is Your Money?

Oh my man, internet crimes should be severly punished...I understand the drug addict stealing a purse..But those clever heads making all kinds of traps to steal from many..gee let them spend rest of their lifes working for cpmunity

Hi, Dominic Frisby. I am not sure I understood but when did they pay the money back? after you wrote the story or after you told revolut you will write the story. Anyway, did you finish writing your story and if yes, where can I find the story to read?

Steer well clear of this company REVOLUT!

Stay away from this company if you don't want to lose your money!

They have blocked my account for no reason for 15 days with funds of £1500 in it. They guaranteed me that the review of my account being blocked would take only 15 days, but I can't use my money, can't withdraw or transfer or have any money transferred to me. Because of this, I've lost over £6000 more on top of the £1500 they already blocked and stole from me. This company guys is a huge scam and they always send you back to the terms and conditions of the app, ignoring basic questions like "Why did you block my account?" Basically, they refused to tell me even up to today, why they have blocked my account, my funds etc
In fact, it turns out now that it's 30 days already of me waiting and still no sign from them how long will take to get my money back and why did they block my account.

Not to say that they don't have a phone number where a human being will answer the phone and talk to you but they only have a robot talking and not even understanding my issues. They have the worst live chat ever where you have to wait like 24 hours for an answer or more for them to reply back to you and even when they do that they avoid answering my questions and send you a generic message without any relevance whatsoever to what I was saying or asking in the chat.

Your money is not safe at all. Literally, they will block your account for no reason and take your money for an indefinite period of time. Another huge issue with this scam company called REVOLUT is that, say, a company will send you money, but their accountant will by mistake flag that sent payment/money to your Revolut account as fraud, so what do you think Revolut will do? well, let me tell you, they will immediately block your account take your money and put your account under review while the company that paid you, will get that money back to them without any explanation at all or any type of review. I know this, because the accountant who flagged that payment to me as fraud, did it by mistake even though that accountant from that company, literally begged REVOLUTE to make the payment to me because that was a false alarm and they flagged the payment by mistake as fraud, REVOLUTE totally ignores it, even though the person who flagged the payment as fraud by mistake asks tells them several times that it was by mistake and they have to give me the money back, while revolute ignore any messages either from me or from that company accountant. REVOLUTION is the biggest mistake I've ever made to signup with them, literally, they are like Paypal, another scam company where as well as PayPal, anyone can send you money for a service, then after you provide the service, that very same person can make a call back payment based on a fictive reason or otherwise on a false made up experience. Now I am at my wits end! and decided to file a police report plus sue this company for stealing my money. I am taking this further and will be reporting them to the authorities and seeking legal advice. This SCAM company REVOLUT need to be closed down and banned from trading.

The service is utterly diabolical, not fit for purpose, hugely expensive, diabolically poor service, unreliable and they have compromised my income, business and business reputation with their incompetence. They are completely unprofessional.
My advice - STEER WELL CLEAR OF THEM.

Hi thx for interesting video. Just want to be clear on one thing regarding the advice regarding your daughters travels. When you say she will have another account will or should that account be with another bank or is/will it be with Revolut thx

Idk about other countries but here they're quite specific you won't get any protection unless you pay the premium.

Just get the virtual card only, solves your problem and stuff like that can't happen to you!

Useless video. One person had an issue with a debit cad being stolen which you can quickly freeze btw. I never had issues with revolut, but I am cautious and therefore watched the video. This is also a testament on how authorities are not able to helping these situations and we send much much more money to them in form of taxes to do their job.

I'm delighted that you got your friend's money back from Revolut.
Should not have been put through that nightmare, particularly when Revolut knew what was happening.
Nice one 👍 👍

Thats one dumb friend you have. Common sense didn't prevail hence she was taking advantage off

Ive recently got a revolut account as I like their features but I use it the same way his daughter uses her account, I never put much money in the account or anything like that

Revolut Bank is a scam. Avoid at all costs. The bank cheated me out of $400.

I have the same problem and can’t solve it! Any help

i just face to blocked account, i was customer for 6 years and fraud system blocked me, cant get money out, support blocked me on chat, i regret that i even putted money there, its not safe, even when they should return the money, its may take couple of months with a lot of filled complaints form..

You guys are missing it. They didnt have access to her account they had access to her debit details. They then would used her details to purchase untraceable crypto currency on binance/kraken effectively cleaning her money. Its money laundering not a targeted scam. Be careful where you put your details, not who those details are with. Revolut is as safe as the idiot who uses it

i didnt get the last part with his daughter. can someone explain me?

I'm completely disappointed by Revolut's customer service. My card was stolen and the fraudelent person commit up to €500 wireless transcaction and all my Revolut chargeback are all invalid because due to Visa regulations and guidelines. They are refusing to give more information as why this is the result. Can you help and write an article about my case? I can provide all relevant information about my case.

Really helpful video thank you

I signed up for revolut recently and they needed a tiny amount to send me a physical card. So l transferred a small amount from a bank account for which l had to insert the details of that bank card. Assuming that is safe to do, otherwise how else do you transfer a small amount to them? Secondly upon registration they ask for a photo of my passport and a selfie security video, it seemed strange. Is all this normal when joining them?

Thank you so much I have just deactivated and i will never fuckn deal with them let’s hope that they don’t get the banking license

not safe at all. I never received money I transferred into my bank, they won't explain why, say when I'll get it or help me in any way, leaving me in a precarious financial position. Avoid using them at all costs. If you've a problem, they're a complete disaster.

Hi Dominic,
Just discovered your channel mainly by stumbling over the REVOLUT bad incident story.
Have been using REVOLUT for about 3 years now, but only for EUR, as I use Monese for UK Pounds. I'm British but don't live in UK or EU -- I escaped 29 years ago and am very grateful more and more these days that I did.
And this brings me to my main question for you Dominic. We all know that Govts, with the Banks are tightening the noose day by day. Well having been a 'Bank Hater' for many years, I try not to use them and have embraced the FINTECH world from WISE to REVOLUT and from MONESE to N26. Yes, I do know that the Governments and all the other 'elites' are following me and that there is no REAL escape from their 'Manipulation' and dare I say it 'Machinations' ..................... so what is the answer?
Furthermore, we know that the next step in their control of OUR financial independence, or should I say curtailment of our financial independence is a CBDC and for which, I shall resist until I am pushing up the daisies.
So Mr 'Money Markets and More' .... Mr 'Finance expert' please tell me how to keep my money away from all these Ali Babas!!

As far as I’m aware, Revolut vaults are FSCS protected and if you’re going to hold money in Revolut then vaults are the only way. Their main account isn’t protected and for some reason your friend must’ve not realised this and loaded it up. For me, Revolut is only a place to put small amounts of money to be spent on holiday.

Here is a great solution. Companies, servies, shops and banks should stop with using/accepting debit/creditcards and just use bank accounts with every payment that needs to be authorized with an app (accept for services you pay monthly automatically). Loads of problems solved and less stress.

Here in the Netherlands we mostly use Maestro where you will need a 4 digit code (pincode) with a physical card or pay with the phone that only requires the bank app 5 digit code or a fingerprint if you go over 50 euro's (in a day). Online payments are done with iDeal payment where you get a QR code when you need to pay and you scan that code with the bank app on you're phone that also requires a 5 digit code.

Debit cards are always seen by traditional brick and mortar banks in the UK as the same as using cash. If money is taken, they don’t feel obliged to refund it. If they do, good. As a new user to Revolut, I had done the research beforehand as I knew nothing about them - other than they were set up as an alternative to a traditional bank following the financial crash in 2008. I have heard various stories where accounts with high values are frozen and people are unable to get their money out. My experience of them so far, with much little money, is that it is a game changer for what I need at my level in the world. But like anything else ‘new’ or unregulated, esp with cryptocurrency which I am starting to show an interest in, you treat it with a certain element of intelligence and extreme caution.

its not money. its currency = receipts for gold.
how safe is it ? well, they dont have any gold so......

Thank you. 😊

I use Wise zero issues and fantastic customer service

How do they access your account from the debit card?

So she keeps another account on ANOTHER "bank" or not? that was not very specified. Yet I think that's what you meant in the end.

They are VERY dangerous , and she was robbed and unlucky, BUT AWFUL lucky to get HOLD a Rep at all to talk to , here in Ireland they now have a Banking licence in Ireland , I only have 400 in there and it is near impossible to retrieve it , I get bot upon bot that keeps sending me around in circles forget the EU 😎another bunch of crooks . The convience is they can pretend and hold off customers one of these days they will play the long stall on all customers and some computer whiz kids will sail off into the Sunset .I hope I am totally wrong , but I have a feeling Revolut is one of the next big grab billions grab online and who's going to bail them out I wonder.

that's why i use the one time virtual cards on revolut

That was very much helpful! I have been feeling like I need to start protecting myself within that system and chose to listen to your cautionary tale. And a good one it is. Thanks.

Ok, what you suggestions for using then ?

Great article and well done in sharing it. Revolut is convenient. As you rightly pointed out - load as required. Again well done Dominic.

Good advice use Credit rather than debit csrds.

honestly, a banking company who adverts to children can not be trusted. they only want your money

I wonder if it's the same with Monzo

After using Revolut for a few months, they begin to randomly freeze my account for review. Although all my incomes are legal with supporting documents, they decided to review my account again on March 2nd. Support team said the review will be done after 3 weeks. Apparently the review team is doing nothing during this period because no one has ask me any questions nor let me know about the progress. Now, I am in a big trouble because I don't have money to pay for my rent and bills. Everybody should think again before using this so called bank.

So did you Irish friend give her details over the 'phone or at the Post Office?
If the former, then the scammers would have to know that there was a package for her, if the latter then the Post Office is even less trustworthy than I thought.

Did they find out who the postman was?

All the have to do is check if other items have gone missing.

Banks are not our friends.

The have held £32k of ours for over 2 years. They’ve just gone quiet. Any assistance would be appreciated.

I never have more than a grand in it at one time.

I never use a debit card except to take out cash.

Use a Credit card.

Spend the bank's money, pay them back and get points. Never had an issue getting money back from credit card fraud.

i had a Revolut card and tried it out, i was not impressed had trouble using the card, only had £100 in the account so withdrew it out and called it a day. may be i was unlucky !!

Fishingtown of Brixham ?
I bet they're haveing their fair share of fun since brexit!😂
And does Domi didn't fell a bit , oh i don't know...dirty...strolling along in a working class town?

ScrewTube has stopped your notifications to me.

You should definitely have faked a mugging at the end of this video and said, "there, told you so". Even though it's Devon.

Having bugger-all is sometimes a blessing. "Blessed are the poor, for they shall not realise if anything is nicked from their bank accounts".

Good work Dominic, this is the kind of charity I like to see in the world...giving of yourself because you are in a position to do so.