Category

Finance

Banks, neobanks, and payment apps — Revolut, PayPal, Wise, Cash App — hold the money and the regulatory burden that comes with it. Their terms include freezes, mandatory arbitration, dispute caps, and broad latitude to close accounts on AML or sanctions grounds. Check the dispute-resolution clauses, the definition of 'suspicious activity' that lets the provider hold funds, and how long records of your transactions are retained after you close the account.