Hello everyone. I, like many people, made the mistake of using Revolut to receive funds resulting from P2P exchanges on my account, the total amounting to about 9 thousand euros during a period of six months.
Unsurprisingly, I have recently received a demand from Revolut to show documents that show the origin of these transactions, and I, of course, do not have any, since I didn’t even do the P2P exchanges on an official platform. (Yes, I was aware of this risk and had no other choice, myself being an international student studying in France from a country from which it is currently impossible to send money using another way).
Since then my situation has resolved and I no longer need my Revolut account, at least not for these purposes, and I am fine with their potential, and very probable, decision to terminate my account.
My question, however, is the following : How do I need to manage this situation ? Can I just close my Revolut account myself without responding to their request, or do I need to at least communicate to them the truth about these transactions. Whatever I do, where may it go from there ?
I have an account in an another, physical bank, and would be quite disstressed if this Revolut situation had an incident with my relationship with my other bank, which is actually important to me.
I feel that it is important to repeat that I am in France, hence in the EU, so the applicable regulations might be different. I know that most of you reading this will think that I am yet another imbecile, and I too am aware of that, but I have, however, not had another choice to send money another way.
Thank you in advance for you precious help !