Revolut says it has secured a full banking license from UK regulators after a four-year wait, allowing the company to expand lending to its 13M UK customers
Permit is crucial to growth strategy of Europe's most valuable fintech — Revolut has secured a full banking licence from UK regulators …
Financial Times
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Discussion
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@revolut
@revolut
on x
We're now officially a fully licensed bank in the UK. As a bank, we'll soon offer accounts protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person on eligible deposits. It also means we'll be able to launch more banking features in the future [vid…
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@revolut
@revolut
on x
We'll gradually begin the process of rolling out current accounts to new customers next week. Existing customers will be notified soon on when we will begin to transition their accounts to the new bank — and their app and cards will continue to work as normal. Revolut is
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@sebjohnsonuk
Seb Johnson
on x
BREAKING: @Revolut has FINALLY secured its full UK licence after a four year wait! It has happened! The Bank of England's Prudential Regulation Authority (PRA) is expected to grant Revolut the licence as soon as this week. This has been a long time coming and must be a great [ima…
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@revolut
@revolut
on x
UK. Banking. License.
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@linasbeliunas
Linas Beliūnas
on x
BREAKING: After a 4-year regulatory battle, Revolut finally received a full UK banking licence 👏 Not its first bank licence. But the one that changes the narrative. Revolut has actually been a bank in Europe for years. Its Lithuanian entity (Revolut Bank UAB) already holds [image…
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@napierholland
Alex Napier Holland
on x
It's insane how badly the UK has treated one of its most successful startups.
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@cobratate
Andrew Tate
on x
@Revolut Froze. My. Account.
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@clockendh
@clockendh
on x
Monzo, it's over buddy
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@maxkarpis
Max Karpis
on x
After news of Revolut's UK banking license, people are asking about what has changed. For customers, nothing has changed. Revolut will gradually migrate its customers to its UK bank, and KYC procedures will apply. Only then will we be Revolut UK Bank customers.
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@itzmac_
Mac
on x
@Revolut does this mean you'll stop freezing peoples funds?