400K EUR Frozen | Business Owner Faces Financial Crisis Without Warning
A business owner's struggles over 400,000 EUR in frozen accounts has sparked outrage, with many expressing concerns about the security and reliability of online banking systems. The incident raises alarm bells for businesses reliant on digital financial services amidst the ongoing crypto boom.
The Situation Unfolds
Roughly two weeks ago, a loyal customer of Revolut had their accounts unexpectedly frozen during a vacation. The business owner, who had been with the service for over a year, received no request for documents, only a vague notification about a "standard security check." Their accounts—encompassing both personal and business assets—were locked just before critical payments were due.
"I couldn't pay my employees, and I'm facing late payment charges already!" the frustrated business owner stated.
The freeze has severely hampered operations, making it impossible to fulfill payroll, settle rent, or pay suppliers. The owner expressed mounting pressure, stating, "I’ve been borrowing money from friends and family for food in the last 2 weeks."
User Reactions Reveal Widespread Distrust
Comments from various forums reflect a mix of disbelief and caution regarding online banking. Three recurring themes emerged:
Skepticism About Trust: Many voiced distrust toward online-only banks, with one person declaring, *"I would never trust ANY bank with more than 100k EUR.