Welcome to the discussion on the feasibility and experiences of using Revolut for withdrawing AW credits and managing funds in different currencies as a webcam model. This thread explores various banking options, considerations, and strategies for handling earnings, with a focus on navigating the complexities of international transactions and currency exchanges. Here's a summary of the key points and advice shared by our community members:
- Concerns about withdrawing AW credits into a Revolut account without risking account suspension, as seen with other banks like Monzo.
- Link to Revolut's business account eligibility and supported industries, highlighting the importance of understanding which activities might not be supported.
- Discussion on the risks of account bans and the potential for funds to be temporarily inaccessible if a bank decides a transaction violates their terms.
- Comparison of different financial tools and accounts for managing and exchanging currencies, including Transferwise Borderless, Paxum, and traditional UK bank accounts.
- Strategies for optimizing currency exchanges and reducing fees, with specific advice on using Revolut, Transferwise, and Paxum for receiving and converting payments in various currencies.
- Personal experiences and recommendations on managing funds across different countries and currencies, including the use of ACH payments, SEPA, and EFT withdrawals.
- Advice on navigating the complexities of banking as a webcam model, with insights into avoiding unnecessary fees and making the most of available financial services.
This thread serves as a valuable resource for webcam models looking for efficient ways to manage their earnings in multiple currencies while minimizing fees and avoiding potential issues with financial service providers.