When opening a High Street bank, there can be lots of confusion as to what the bank will accept as valid ID to open an account. It gets so bad that 2 different branches of the same bank will have different requirements. As someone who works somewhere with constant new employees specifically hired from the Nordic countries I have seen countless people being denied, saying they lack a certain document, but they’ll walk into another bank and have no issues!
I know that banks are under pressure to combat fraud and illegal immigration, but why does Revolut not require the same level of scrutiny when opening an account? I’m not complaining mind you, just wondering why it’s so easy to open an account with Revolut compared to a High Street bank?