Revolut waives transfer fees for Ukrainian banks

By Oliver Smith on Monday 28 February 2022

Digital Banking

The latest in a host of measures as the fintech also looks to safeguard its c.50 developers in Ukraine.

Revolut waives transfer fees for Ukrainian banks
Image source: Revolut.

Leading UK fintech Revolut has engaged a global security partner to provide emergency logistical support for its Ukraine-based employees.

Revolut, which AltFi understands has less than 50 current employees based in Ukraine, is also offering its staff relocation support should they wish to move to another country or somewhere else in Ukraine.

“From the outset of this crisis, we focused first and foremost on doing all we could to safeguard our people in Ukraine, and to support them and their families,” the company wrote on its blog over the weekend.

“We engaged a global security solutions partner to provide our people with guidance, emergency logistical support and the latest security updates in the country.”

Revolut is also looking to support customers in Ukraine, initially by waiving transfer fees for sending money to a Ukrainian bank account.

The fintech has also already enabled Red Cross to receive donations to fund the Ukrainian relief effort, with donations live in UK, Lithuania, Ireland, Poland, Switzerland, Portugal, Austria, Bulgaria and Singapore.

On Friday, AltFi reported that Revolut’s Ukrainian co-founder and chief technology officer Vlad Yatsenko launched a series of outspoken attacks on Russia and Putin’s invasion of the country.

“I hope most Russians will finally be able to see that their president is one of the most brazen liars in history... Using the overtones of "defending" the Russians, Putin attacked a peaceful Ukraine. Ukraine is and will be free!” Yatsenko wrote in Russian on Twitter.

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Revolut