By Oliver Smith on Wednesday 12 January 2022
Customers in Germany, Finland and Spain can now upgrade to a Revolut Bank account.
Customers in Belgium, Denmark, Finland, Germany, Iceland, Lichtenstein, Luxembourg, Netherlands, Spain and Sweden can now upgrade and add deposit protection of up to €100,000 to their accounts for free in just a few minutes.
Revolut was first granted a European banking licence from the Bank of Lithuania back in 2018 and launched its first bank accounts in the country in May of last year.
“Launching the bank in ten new European markets will provide an even greater level of security and confidence for our customers, and will enable us to launch a host of new products and services in the near future”, said Joe Heneghan, CEO of Revolut Bank.
Although Revolut is available across Europe, accounts opened in countries like Ireland and the UK are only offered as e-money accounts, meaning they don’t qualify for deposit protection.
Countries where Revolut operates under its Lithuanian banking licence:
1st Wave - March 2021
2nd Wave - October 2021
3rd Wave - December 2021
4th Wave - January 2022