Revolut is now an official UK bank, following a four-year struggle to get regulatory approval. What will the move mean for customers, and is Revolut a good home for your cash?
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Revolut has around 13mn customers in the UK, a long way short of the more than 20mn at Lloyds, Barclays and NatWest. HSBC, ...
This is the final step in Revolut’s decade-long journey to become a fully-fledged bank. It is no longer – by any yardstick – a startup.
The company has waited more than four years for regulators to grant the license, which allows Revolut a platform for loans, mortgages, credit cards, overdraft protection and savings products.
Revolut has received its full UK banking licence, ending a lengthy wait and enabling the fintech to offer current accounts in Britain.
Revolut has launched its UK bank after receiving PRA approval, enabling FSCS-protected accounts and paving the way for lending products for its 13 million UK customers.
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Revolut has applied for a US national bank charter, committing $500m to the American market in its second attempt at a US ...