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The clause creates a procedural sequence for account termination that requires affirmative user action to preserve data and settle financial positions before access cessation occurs. It operationalizes the conditions under which service access is discontinued.
Users must take explicit steps to download information and liquidate balances prior to account closure; failure to download information while the account is active means that information will not be accessible through the app after closure, and completion of the closure process results in loss of access to the app, other Revolut accounts, associated services, and cards.
How other platforms handle this
Apple reserves the right to modify, suspend, or terminate your access to Apple Services and/or your Apple Account at any time, for any reason, including if Apple reasonably believes: (i) you have violated these terms or Apple's usage policies; (ii) you pose risk or possible legal exposure to Apple; ...
Venmo, at its sole discretion, reserves the right to terminate this agreement, access to its website, or access to the Services for any reason and at any time upon notice to you where possible, and upon termination, Venmo may withhold funds if required by law or if Venmo reasonably suspects fraud or...
Medium may terminate or suspend your right to use our Services at any time for any or no reason upon notice to you.
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"If you need to keep a copy of the information after your Account is closed, you will need to download it while your Account is still active. You can download this information from the app at any time. We will ask you to withdraw any remaining positive Account balance you have including liquidating any other balances you have in other Revolut accounts within the app. When you have liquidated any other balances you have in other Revolut accounts, and your Account balance is zero, we will close your Account, and you will lose access to the app including other Revolut accounts, services, and any cards you have.— Excerpt from Revolut's Revolut Terms of Service
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The clause creates a procedural sequence for account termination that requires affirmative user action to preserve data and settle financial positions before access cessation occurs. It operationalizes the conditions under which service access is discontinued.
Users must take explicit steps to download information and liquidate balances prior to account closure; failure to download information while the account is active means that information will not be accessible through the app after closure, and completion of the closure process results in loss of access to the app, other Revolut accounts, associated services, and cards.
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