Revolut just sent me a message that they are closing my account.
Asked if I can provide whatever info they need to keep it opened, and they didn’t want to dsicuss it, and didn’t care.
They pointed to their terms and conditions and would not provide a reason why they are closing the account, just that they have decided based on their right under their terms and conditions.
Even after submitting an offical compliant, they said the decision is final and won’t provide any reason why they are closing the account.
Thank you for reporting this.
If you feel you can, you could provide some info about your trading pattern so to discuss what might have triggered their reaction.
In any case, this is not something new obviously, and fiat banks do close accounts apparently at random.
Every few weeks, transferring money in, converting it to respective currency required to complete the trade, sending funds. Only making payments, not receiving funds.
Did that for a few years and then all of sudden got a message of account closure.
Monzo did exactly the same to me. In my case I received fiat into my monzo account from centralized exchanges but there was never any explanation as to why I was deleted.