6d • General discussion
Revolut UK is becoming a bank
Heads up for anyone in the UK using Revolut.
Revolut has announced that UK Revolut accounts will soon move from e-money accounts to UK current accounts with Revolut Bank UK Ltd.
This means Revolut Bank UK Ltd is now operational in the UK and is authorised as a banking institution, supervised by the PRA and FCA.
For most users, the change should happen automatically within the next 1 to 2 weeks.
What this means:
Your Revolut e-money account will transition into a UK current account with Revolut Bank.
Eligible deposits should be protected by the Financial Services Compensation Scheme, up to £120,000.
Some exclusions apply, so check the FSCS information provided by Revolut.
Your account number, sort code, IBAN and BIC should stay the same.
The app should continue working as normal.
Some services will be provided by Revolut Bank instead of Revolut Ltd.
Travel insurance policy numbers may be updated for Metal and Ultra plan users.
Revolut may contact you in-app or by email if they need to confirm any information before the transition.
Important scam warning:
Revolut says they will only contact users about this by email, push notification or in-app message.
They will not phone or text you about the account change.
Be careful with unknown callers, texts or links claiming to be about your Revolut account.
It is worth checking your Revolut app and official emails directly, rather than clicking on anything you are unsure about.
No action should be needed unless Revolut contacts you through official channels.
If you have a UK Revolut account, keep an eye out for the transition message over the next couple of weeks.
0
1 comment
Revolut UK is becoming a bank
powered by
skool.com/openclaw-8860
No SSN? US banking, credit cards, personal loans, business credit, LLC
banking & 0% funding for biz owners, immigrants and non-residents.
Suggested communities
Powered by