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How to Close a Revolution Money Exchange Account

Posted By Jim On 05/27/2010 @ 7:22 am In Banking | 7 Comments

A few years ago, I opened a Revolution Money Exchange account because they were offering a $25 promotion [3] for very little work. Revolution Money Exchange is a PayPal-like payment system clone minus all the fees. In late 2009, American Express bought the company [4] and I didn’t really hear much more news about it.

In my ongoing quest to simplify our finances, this was a “zombie” account that I never used. Last week, I decided to close it. The closing process is very straight forward but difficult to find on your own. I emailed customer service and they sent me these instructions:

  • Login to your MoneyExchange account by going to revolutionmoneyexchange.com and clicking on account login.
  • Click on the My Profile tab.
  • Click on User ID.
  • At the bottom of the screen, click on the Terminate your Revolution MoneyExchange account link.
  • On the next screen, recall all transactions awaiting approval, by clicking on the Recall All Transactions icon.
  • Select the radio button next to the reason for cancellation of account.
  • Enter any comments and press Cancel My Account.

Canceling my account took less than fifteen seconds and I received a confirmation email within 24 hours.


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[1] Tweet: http://twitter.com/share

[2] Email: mailto:?subject=http://www.bargaineering.com/articles/how-to-close-a-revolution-money-exchange-account.html

[3] $25 promotion: http://www.bargaineering.com/articles/25-revolutionmoneyexchange-promotion.html

[4] bought the company: http://home3.americanexpress.com/corp/pc/2009/rm.asp

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