Best banking options moving on from Revolut

Best banking options moving on from Revolut?

Juridique & Finance il y a 1sem 5 answers •

I've lost my trust in Revolut since they've also shared confidential data from many customers by replying on a fake government mail. I'm living in Bangkok under a DTV visa and Dutch. I'm looking for alternatives to Revolut, but I don't want to use a home country bank, and I'm not a fan of fintech options like True Money. What are my options?

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5 Answers

Nathan E • il y a 1sem

I have a Wise account, which is suitable for its purpose, not a full-fledged bank. I also have bank accounts in Thailand, which I recommend for those living in Thailand, but opening them might be challenging due to visa and residency requirements. When considering a home country account, it's worth noting that some banks may allow foreign address holders to open accounts without requiring a physical presence in the country, such as the State Department Federal Credit Union in the US.

Laurence Lambert • il y a 1sem

True can't be used as a daily driver app because you have a DTV, which allows you to upgrade your account.

Kwan P • il y a 1sem

This issue is widespread among many financial institutions, including Revolut. A major power outage in London likely affected a Google datacenter with security clearance for financial institutions, disrupting services. It's generally a good idea to have multiple options for financial transactions. From a customer service perspective, Wise is equally or even more challenging to deal with than Revolut, especially if you don't have an account manager.

nigel • il y a 1sem

Can you share more about your revenue streams? Do you have an online business through a US LLC, or do you receive payments from European clients to an IBAN account? What's your current financial setup?

Vivian S • il y a 1sem

Opening a US LLC won't magically solve your banking issues, especially for US LLC owners. Banking problems are a significant challenge for them. You may want to consider Georgian bank accounts, such as SOLO and TBC, which can be opened remotely, one with a notary company and one without. Before opening a US LLC with a US-based company, it's essential to research and consider European service providers, which are often more familiar with the challenges faced by Europeans. Companies like Staatenlos.ch can provide more information.

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