Then you go to Greece and you pay exorbitant transaction fees for everything. 3E for any incoming transfer, regardless of amount. 10-15E to transfer 10k between banks in the country. Sky high interest rates for lending, unreasonable guarantee requirements and it's still really hard to get a loan. And then you get 0.25% for saving accounts. e-banking that may be pretty looking but a shame functionality wise. And you only have 4 banks (+1 zombie bank). The bankers are still making bonuses like it's 2007 and the public is funding them with transaction fees. The traditional banking business model of making money from the spread between lending and savings rate is pretty much dead.
I can't believe there can be any other country worse than Greece in the EU. Change my mind =)
ING still has 7.5% offer.
See https://www.wired.co.uk/article/revolut-trade-unions-labour-...
I recommend Wise.com though. Free. Multicurrency. Pays about 3.5% interest on your money (via a market fund).
It's not like these companies that do this don't have extremely rough interviews and clarify expectations of 55 hour weeks prior to employment. If you don't find enjoyment in working long hours, seems like that's not the company you want to be working at? There are plenty of companies with a better work/life balance, but they tend to pay less.
Demanding you recruit hundreds of customers, for free, to even be considered for an interview is downright exploitative. I don’t think any but the most predatory companies do this and it’s probably not even worth the legal exposure.
I suspect however this acts as a filter. By making people jump through this hoop, you make sure you’re only keeping docile and compliant people in your pipeline who can be abused and overworked.
Not the world I want to live in and that’s why I point it out every time I can to hopefully sway customers away from them.
What is unfair about this? What is so wrong about dedicating yourself to a company you beleive in? Revolut is an awesome company, doing amazing things.
I worked at Tesla, and unless you had something fun to do for the weekend (Like tahoe or something) they expected you to be in the office. I LOVED working at Tesla. I ended up leaving to start my own company a few years ago, but i will remember my time at Tesla for the rest of my life.
>Demanding you recruit hundreds of customers, for free, to even be considered for an interview is downright exploitative. I don’t think any but the most predatory companies do this and it’s probably not even worth the legal exposure.
This literally makes no sense and I think you are conflaiting something here? How would i recruit customers if i didn't work at the company? Are you talking they hired a bunch of people who had very high referals to the company? I know they offer a bonus if you refer your friends, so looking through those logs and hiring all the people who have high referals sounds like a great business move to me.
> making people jump through this hoop, you make sure you’re only keeping docile and compliant people in your pipeline who can be abused and overworked.
Or you ensure you are hiring the most highly motivated people who believe in the mission. "Docile and compliant" doesn't work at high pressure, tech companies... You are eaten up and spit out pretty quickly at the brashness, demands and stress to perform.
Say no more. Let’s just agree to disagree.
> This literally makes no sense and I think you are conflaiting something here? How would i recruit customers if i didn't work at the company? Are you talking they hired a bunch of people who had very high referals to the company?
It’s the third paragraph in the article I linked:
> The instructions on the exercise said the applicants should recruit at least 200 clients in a week to have a chance at passing to the next interview phase.
In the UK Monzo and Revoult have quick access free bank accounts. I don't pay anything to have debit cards and saving accounts.
1 account in Germany, I pay 2€ per month for the account, includes a saving account, but no debit or credit card, only online access.
2 accounts in Poland where I also don't pay anything, unless I don't spent 300-350PLN (65e) per month using the debit cards. If I don't use debit card enough banks subtract 14PLN (3€). My saving accounts in PLN are 7%, 8% and 10%.
Maybe talk to your coworkers about better banks and deals, you're being taken advantage of.