Revolut and N26 Annual Limit?

[Evofox]

Hi guys, do you know what is the annual receiving limit for revolut and n26 bank accounts?

The free plans.

[MathProfessor]

I don't know about hard limits, but be aware that they will freeze your account and ask you to verify your source of funds after you receive a few K

[Evofox]

Originally Posted by MathProfessor

I don't know about hard limits, but be aware that they will freeze your account and ask you to verify your source of funds after you receive a few K

What happens if I don't want to tell them where my funds are coming from?

[KlugePatrik]

Limits depend on country of origin...
For like eastern Europe countries the Annual Limit on Revolut is about 17k

diversify spending and stay under the limit and you are ok

[MathProfessor]

Originally Posted by Evofox

What happens if I don't want to tell them where my funds are coming from?

Account stays frozen until you can show receipts, bank statements, tax returns, etc.

Even if you have legit documents it can take them months to review.

It's a pain in the ass. Be careful. Never leave large amounts of money in these mickey mouse banks.

[Evofox]

Originally Posted by MathProfessor

Account stays frozen until you can show receipts, bank statements, tax returns, etc.



Even if you have legit documents it can take them months to review.



It's a pain in the ass. Be careful. Never leave large amounts of money in these mickey mouse banks.

N26 told me that they have no limits, I think N26 is better than revolut.

[13obby]

Originally Posted by Evofox

N26 told me that they have no limits, I think N26 is better than revolut.

I wouldn’t touch them with a barge poll.

[Evofox]

What's a good bank account then?

[13obby]

Originally Posted by Evofox

What's a good bank account then?

Personally I never use personal bank accounts I always use business bank accounts as they can handle more punishment and you don’t get questioned like you do on personal account when they freeze them as to which banks there’s plenty online.

[KlugePatrik]

Originally Posted by 13obby

Personally I never use personal bank accounts I always use business bank accounts as they can handle more punishment and you don’t get questioned like you do on personal account when they freeze them as to which banks there’s plenty online.

Makes sense ... please tell, is it possible open Business Banks like opening Business Paypal ? Or do I have to provide some aditional Business information ?
PM please if necessary. Thanks

[13obby]

Originally Posted by KlugePatrik

Makes sense ... please tell, is it possible open Business Banks like opening Business Paypal ? Or do I have to provide some aditional Business information ?
PM please if necessary. Thanks

Well business bank accounts can only be opened with real details so you’ll have to either open a company and with that sign up to a business account.

[KlugePatrik]

Thank you !!! this will be next step, personal accs require too much micromanagement ....

[CragHack]

The best way to avoid unnecessary problems with your REVOLUT personal account is after completing the entire verification process to order plastic card ... then they will be more relaxed and will not hook you..

[Evofox]

Originally Posted by CragHack

The best way to avoid unnecessary problems with your REVOLUT personal account is after completing the entire verification process to order plastic card ... then they will be more relaxed and will not hook you..

Already did that thanks for the info.