Irish customers can now open a full bank account with money app Revolut. Earlier the company announced the move into the Irish banking sector. It also comes as ...
Revolut Bank Revolut Bank is offering customers who sign up the opportunity to be first in line when it starts offering banking products, including loans and credit cards. This is covered by the Lithuanian State company Deposit and Investment Insurance, where Revolut is based for its Irish customers.
Customers in Ireland who upgrade to Revolut Bank for additional services will now have their deposits protected by a deposit guarantee scheme.
“Digital banks have been growing in popularity and offer unprecedented opportunity to keep complete control of your spending. Customers in Ireland who upgrade to Revolut Bank for additional services will now have their deposits protected by a deposit guarantee scheme. Our customer experience is second to none, we have no hidden fees, and we are constantly building new and innovative financial products.
Last month, Revolut started offering personal loans. A specialised bank licence allows the company to provide limited banking services via its app. "Launching ...
"It's great to see a new generation of banks roll out in Ireland and give consumers more choice and control over their finances," said Eoin Clare, Managing Director of Switcher.ie. "Launching the bank in Ireland will provide a greater level of security and confidence for our customers and will enable us to launch a host of new products and services in the future," said Joe Heneghan, Chief Executive Officer of Revolut Bank. The move to launch 'Revolut Bank' in Ireland comes ahead of the withdrawal by Ulster Bank and KBC from the Irish market, which has left nearly 1.5 million customers facing the prospect of moving banks.
Customers in Ireland who upgrade to Revolut Bank for additional services will now have their deposits protected by a deposit guarantee scheme.
“Launching the bank in Ireland will provide a greater level of security and confidence for our customers, and will enable us to launch a host of new products and services in the future”, said Joe Heneghan, Chief Executive Officer of Revolut Bank. Customers in Ireland who upgrade to Revolut Bank for additional services will now have their deposits protected by a deposit guarantee scheme. Revolut has officially begun operating as a bank in Ireland with the launch of protected deposit accounts for Irish customers.
Revolut launched its banking services in Ireland, allowing users to make protected deposits of up to €100,000 via Revolut Bank UAB, a financial institution ...
Multi-device access to the Business Post, the Business Post Magazine, Food&Wine, Irish Tatler, Connected and more. Multi-device access to the Business Post, the Business Post Magazine, Food&Wine, Irish Tatler, Connected and more. The fintech currently has 18 million global customers, 1.7 million of which are based in the Republic of Ireland. Irish customers can now upgrade their payments accounts to deposit accounts, allowing them to avail of...
REVOLUT has launched as a bank to customers in Ireland today.This move follows the successful launch of Revolut Bank in EEA amid the exit of Ulster Ba.
"With the imminent withdrawal of KBC and Ulster Bank from the market, it is clear that a new bank is needed to compete with legacy banks on price and service. “Launching the bank in Ireland will provide a greater level of security and confidence for our customers, and will enable us to launch a host of new products and services in the future.” The Revolut app allows customers to see a breakdown of their monthly spending on things like restaurants and groceries. Users that have a bank account linked to their Revolut already, can work seamlessly together with the Revolut bank. This move follows the successful launch of Revolut Bank in EEA amid the exit of Ulster Bank and KBC from the Irish market. REVOLUT has launched as a bank to customers in Ireland today.
“Revolut is one of the fastest growing fintech companies in Europe because we put the customer at the heart of everything that we do,” said Joe Heneghan, chief ...
In 2019, Revolut faced backlash over an ad run in the UK which claimed 12,750 customers ordered a single takeaway on Valentines Day. Campaigners complained that it mocked people’s fears over data privacy. It also raised concerns over the source of some shareholders’ money and Revolut’s encouragement of cryptocurrency investment. Peter O’Higgins, its chief financial officer, stepped down in 2018 after it emerged thousands of transactions had not been properly checked for compliance with international sanctions. For its part, the company says it has invested in better compliance and customer service procedures and promised to “grow up”. It blamed its fast-paced growth for many of the slip-ups. One French company had €300,000 frozen for six weeks “without explanation”. A Lithuanian MP accused the company of trying to meddle in the country's affairs after it gained a banking licence there in 2018.