/ September 9, 2024

Why Are People Freezing Their Revolut Cards Today?

Image Credits: Kaysha
/ September 9, 2024

Why Are People Freezing Their Revolut Cards Today?

Text: Izzy Copestake

Revolut is strengthening ties with the Israeli market.

On Monday the 9th (today) and Tuesday the 10th of September, Irish Revolut customers are freezing their cards in solidarity with Palestine. The move has come after a press release on the Bank of Israel’s website has revealed that: “The Bank of Israel hereby announces the issuance of an identification code to a second global fintech company that has chosen to operate in Israel as a participant in a controlled payment system – Revolut Ltd.”

Palestinian activist based in Ireland, Dr Abdullah Al Bayyari, has been sharing information about Revolut’s actions and calling for a “targeted, temporary boycott on Revolut to stop them from opening branches in Apartheid Israel” via Instagram.

In a joint post with @blue_nial_, Dr Abdullah Al Bayyari stated: “We demand assurance that the steps @revolutapp have been taking to open a branch in Israel will not go ahead. Three months ago they began posting job positions, they made this decision despite a genocide taking place with the highest international court confirming the plausibility of this. This nation and its people have dehumanised Palestinians for decades, their public do not protest for sanctity of a child’s life being betrayed, putting aside all other atrocities being carried out by their military and government. Why? Because they’re Palestinian children. Where politicians remain in power despite flagrantly racist, hate filled and genocidal statements. Where a man who raped Palestinian hostages was brought on to famous TV shows as if a hero. I could list all day. We will not normalise Israel any longer. Boycott, divest, sanction.”

At the end of 2023, Revolut had 2.7 million Irish customers, and reported profits of over €503 Million before tax. Alongside the mass card-freezing, users are being encouraged by activists to send an email to Revolut informing them of the boycott and requesting a response, and to avoid opening the app.

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