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Re:The Profitability Challenge for Challenger Banks by benjaminwootton on Saturday October 12, 2019 @05:40PM (#21236563)
I think the challenge goes beyond just profitability.

I’m currently locked out of my Revolut account due to a bug on their end.

There is no telephone support and no in app support until after you are logged in. Apparently you have to contact them via Facebook or Twitter for assistance.

They are forever destined to be a toy with this kind of approach to people’s money.

Re:The Profitability Challenge for Challenger Banks by jlokier on Saturday October 12, 2019 @07:08PM (#21236993)
I was locked out of my Revolut account too, for about a day.

I was able to chat via messages in-app. But each time I did, the support person asked me to upload photos of supporting documentation to prove my own other bank cards were in my possession, that sort of thing. I duly did so, and then there would be acknowledgement followed by silence at the other end for hours. Eventually the person would log off (their status is visible) and the system would show that it was "waiting" for someone to become available to handle my query.

That "waiting for someone to become available" would typically last some 6 hours or so.

Then I'd get someone, and we'd go through another loop, going nowhere, and them going silent on me.

I read somewhere that this can go on for a week or more, which had me really worried because I'd put in about £1000 just before they locked the account, which I needed sooner than that.

I also read that their Twitter and Facebook teams are much more responsive than their Customer Service.

So I reached out on Facebook. Someone replied quickly that they'd asked somone in Customer Service to deal with my query, and... my account was unlocked about 15 minutes later.

So, all credit to Revolut's Facebook team....

Re:The Profitability Challenge for Challenger Banks by londons_explore on Sunday October 13, 2019 @04:11AM (#21239167)
This is common where the issue is something "hard" to fix, so the original employee punts it to the back of the queue and hopes someone else more knowledge takes it on.
Re:The Profitability Challenge for Challenger Banks by Marsymars on Saturday October 12, 2019 @11:14PM (#21238108)
> There is no telephone support and no in app support until after you are logged in. Apparently you have to contact them via Facebook or Twitter for assistance.

The legacy banks all seem to be moving to voice-recognition IVR systems which primarily exist to provide the same service as the website/app, but in a more frustrating manner.

If I had a problem that could be solved on the website, I wouldn't be calling in the first place...

Re:The Profitability Challenge for Challenger Banks by tim333 on Sunday October 13, 2019 @06:40AM (#21239667)
In contrast I phoned Monzo with some minor problem and the CEO picked up. This was fairly early on though.
Re:The Profitability Challenge for Challenger Banks by shoo on Saturday October 12, 2019 @06:45PM (#21236886)
Interesting anecdote, thanks for sharing. In contrast legacy banks would likely offer both mobile & internet banking (if you're locked out of one the other might still work) & phone support & perhaps nearby physical branches, depending on where you are.