Revolut asking for my Trading212 account statement

Trading 212 Chat
#1

Hi Guys,

I’ve been using revolut to cheaply put USD into my t212 investment account. It worked well for over a year, however last week I got a message from them asking for my source of funds.
Nothing wrong with that part, I’ve provided my payslips P60 etc. But now they’re asking me for a statement from my Trading212 investments.

Why they’re doing so? I’ve already proved a source of my income, should I really send them this info? I’m not feeling quite comfortable with sending this info to 3rd party

#2

are you sure it’s Revolut you are responding to?

#3

Have you withdrawn money from T212?

As I had scenario of Revolut doing SoF after withdrawing few K from T212.

Nothing out of ordinary.

#4

Well yeah, there is the only way of contacting them - via APP:

IMG_3AFAEEEBEDBA-1
IMG_3AFAEEEBEDBA-1750×1624 227 KB

#5

Not as far as I remember, only deposits.

#6

fair enough then. been lots of scams going around this last year so if it was by email or any other contact medium would pay to be a bit wary and double check everything.

1 Like
#7

They are just trying to check that you are actually investing the money as you said as opposed to using it as a funnel for money laundering - so if you can show them that you have genuine investments that are increasing month on month and you have made gains over time, that’s what they are looking for.

As a regulated entity, they have to check where there may be suspected AML or Fraud activity. I suspect the account could be blocked/closed if you don’t provide it.

2 Likes
#8

They actually now said it is all fine (I haven’t provided them anything). Oh Well…