Revolut and many other apps allow creation of accounts from the app per local regulations. It may require SSN in the US to complete sign-up, but it's all done through the app and is immediate.
The account falls under all the regular retention and reporting requirements, although these companies mitigate some classes of issues with stricter limits, not paying any interest (even though that'd be miniscule), etc.
The account falls under all the regular retention and reporting requirements, although these companies mitigate some classes of issues with stricter limits, not paying any interest (even though that'd be miniscule), etc.