What are the roots? Just that's a pure offshore or some high-risk business, “toxic” citizenship or residence of UBO(s) and directors, ...? It's important for making a suggestion.
Yes, extremely probably.
Negatively – in general.
Revolut (as well as Wise, BTW)︀ is known to have one pitfall: Closing the (especially business) accounts without any warning or︁ notice, without any reasonable explanation and freezing the cash for undefined time. Yes, it is︂ true that a big, even perhaps major part of horror stories that you can read︃ here and elsewhere is de facto concerning an account misuse or abuse; but it is︄ not always so. There is really a very remarkable number of cases where their AI︅ machine just makes a false deduction / misinterprets data (or/and some poorly paid trained monkey︆ at the first line of compliance departement does the same); and the dispute takes eons.︇ Yes, AFAIK, nobody lost the money, finally they return it to the owner but even︈ freezing your cash for some months can ruin your life and/or business perfectly. Of course,︉ it can happen with another EMI, too; but with Revolut/Wise it is IMO quite frequent.︊
I guess that the core problem there is that they are
– too big (and︋ probably underpowered in resources) to handle all the agenda properly;
– too known not to︌ attract very different people, sometimes definitely with really shady intentions...
As a result, you can︍ simply have a bad luck quite often...
OK, they are not second to evil but︎ definitely not sufficiently reliable – and generally there is a lot of another (better) financial️ institutions.
So I consider it usable/recommendable only for a really limited set of use-cases. Perhaps the well acceptable use-cases for Revolut/Wise are if you work as a porter, pay for your groceries and from time to time send some amount to your parents somewhere, or if you have a grocery shop and pay to local farmers.
So you need a personal account,︅ not a business one – correct?
What is your citizenship and residence and how much︆ money you are willing to deposit? Again, it's important for making a suggestion.
IIRC, Currenxie asks for︈ something like 8 USD for a SWIFT transaction – it's not expensive, IMO...
You applied for an Italian company? What business are you into?
