Do not use REVOLUT. I am speaking from experience. We opened a business account with them last year and despite a few issues (you quite often have payments into your account fail wihich is apparently an issue with digital only banks) it has been mostly okay. Last week from nowhere we just get a message with a list of documents that need to be provided. From payroll payments to supplier transactions we need to provide proof for every transaction. Which we did. It has taken us hours every day to reply. In many cases the documents were rejected because they simply didn't bother to read them or invoice was in a different currency. We eventually thought we had completed this process after between 50-100 documents sent and today out of nowhere payments are suspended on our account. We were told we had 20 days to get everything to them. We got it all back within a week and without warning, payments suspended. The really beautiful thing about revolut is that you just can't talk to anyone. It's a big black box. There is no reasoning, no questions, no picking up the phone, no visiting your branch and speaking to a human who uses logic. You have one chat box which is generally useless and otherwise nothing you can do. Our money is currently being held by a big anonymous entity that we cannot even speak to. No indication of how or when we can use our own funds. Use them at your own peril as one flick of someones keypad in their back office and your business is done and you have absolutely no way of speaking to anyone about it.
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