TIN at Revolut

scooterguy said:

I got emails from Revolut about this for several weeks, and ignored them all. They finally restricted my account and sent me the following email:

Your account is currently restricted. This means you can't add or receive money to your account. You can still access and use your existing funds, and to remove these restrictions, we just need you to review your tax information.

It won't take long. Just go to your app and tap the 'Submit your tax ID number' tile, or tap Submit tax ID in this email. You can also enter it in your app profile, under Account > Personal Details > Tax residences.

If you have problems accessing this info, make sure your app is updated.

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Sols said:

Yes, it'll be viewed as suspicious. If you don't provide TIN, they will probably close your account.

Best case, they don't close your account, and simply report you to every jurisdiction connected to you (citizenship, residence, IP address, phone number, and jurisdictions you transact a lot with/use your Revolut cards in). But from what I know about Revolut, it's more likely they'll just close the account.

Either close or restrict it, until you provide TIN.

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twolights said:

Did you end up submitting it? I don't think it would make a difference whether you submit it or not? They can already report what they already have about you also it's mandatory for them to do so in accordance with CRS, but I believe they only report the year-end balance.

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scooterguy said:

No, but I don't really use Revolut anyways. I just showed the email that I got so that others would know what happens if the tax ID is not submitted.

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