Revolut Ireland

2022 - 10 - 11

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Image courtesy of "Buzz.ie"

Revolut is abandoning plans to make Dublin a hub for the Western ... (Buzz.ie)

Nearly half a million new bank accounts have been opened with the main retail banks and credit unions this year. The main retail banks and credit unions, as ...

[Ulster Bank and KBC Bank](https://www.buzz.ie/news/irish-news/kbc-customers-given-six-months-27120836) preparing to exit the [Irish banking sector](https://www.buzz.ie/all-about/bank-of-ireland) and their customers thus being forced to switch their current accounts, the other banks have seen an uptick in people opening new accounts. The main retail banks and credit unions, as well as An Post Money, have seen 434,000 personal current accounts opened so far this year and this doesn't include people who've switched to FinTech for their current accounts, with companies such as Revolut offering an alternative to more traditional banking. [Revolut](https://www.buzz.ie/all-about/revolut) is abandoning plans to run its western European business from Dublin, [FinTech company](https://www.buzz.ie/all-about/fintech) Revolut is in the process of dismantling its Irish operations. "This decision has been fully vindicated by the take-up of Revolut’s innovative and responsible lending products, including Revolut Personal Loans and Revolut Pay Later; and by the welcome for the Deposit Guarantee." A Revolut spokesperson said: “As was announced and widely reported at the time, in February 2022 Revolut decided to serve its Irish customers using its new European full banking licence, rather than via the Irish e-money licence which had just been approved by the Central Bank of Ireland. [FinTech company](https://www.buzz.ie/all-about/fintech) has missed a September 30 deadline to file its annual return with the Companies Registration Office.

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Image courtesy of "Irish Mirror"

Revolut pulling out of Ireland and in process of dismantling its ... (Irish Mirror)

With Ulster Bank and KBC Bank preparing to exit the Irish banking sector and their customers thus being forced to switch their current accounts, the other banks ...

[Timeline of Creeslough tragedy - response, cause and funeral details as community comes to terms with devastating loss](https://www.irishmirror.ie/news/irish-news/timeline-creeslough-tragedy-response-cause-28203258) [Jet stream heading for Ireland to 'fire up storms' in Atlantic as some areas to see 'months worth of rain'](https://www.irishmirror.ie/news/irish-news/jet-stream-heading-ireland-fire-28202514) [Chicken, beer and yoghurt in full list of food recalled by Tesco, Dunnes, Lidl and more Irish shops](https://www.irishmirror.ie/whats-on/food-drink-news/chicken-beer-yoghurt-full-list-28185869) [Why is there condensation on my window and how can I stop it forming?](https://https//about:blank) [Met Eireann forecasts brutal week ahead as 'turocharged' jetstream hits](https://www.irishmirror.ie/news/irish-news/met-eireann-forecasts-brutal-week-28195356) With Ulster Bank and KBC Bank preparing to exit the Irish banking sector and their customers thus being forced to switch their current accounts, the other banks have seen an uptick in people opening new accounts. The main retail banks and credit unions, as well as An Post Money, have seen 434,000 personal current accounts opened so far this year and this doesn't include people who've switched to FinTech for their current accounts, with companies such as Revolut offering an alternative to more traditional banking.

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Image courtesy of "Sunday World"

Revolut services still operational in Ireland despite axing Irish ... (Sunday World)

Online banking company Revolut is in the process of dismantling its Irish operations after abandoning plans to run its western European business from ...

Plans for a new Revolut business hub in Ireland began to crumble in December 2021 when the company was awarded a banking licence by Lithuania’s central bank. Online banking company Revolut is in the process of dismantling its Irish operations after abandoning plans to run its western European business from Dublin. Revolut services still operational in Ireland despite axing Irish business hub

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Image courtesy of "Upjobsnews.com"

Revolut dismantling Irish business hub after abandoning its licence ... (Upjobsnews.com)

he London-headquartered firm, which is licensed as a financial institution in Lithuania, has left Revolut Payments Ireland with only one director for many of ...

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Image courtesy of "AML Intelligence"

NEWS: Revolut backs out of Irish business hub plans (AML Intelligence)

Revolut has withdrawn its licensing application from the Central Bank of Ireland, reportedly over delays according to the Irish Independent. AML Intelligence ...

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Image courtesy of "Dublin Live"

Revolut abandons Dublin hub as it dismantles Irish operations (Dublin Live)

The Irish operations of the company has had just one director after five others were let go earlier this year.

Revolut also missed the deadline to file its annual return with the Companies Registration Office on September 30. The five others were let go after Revolut's application to be licensed by the Central Bank of Ireland was withdrawn, However, its nearly 2 million Irish customers will still be able to access its services. The company had planned on making Dublin the hub for its eastern European operations while Lithuania would be the hub for its eastern European operations. [Dublin Live Newsletter](https://www.dublinlive.ie/news/dublin-news/sign-up-newsletter-today-17954403) to get all the latest Dublin news straight to your inbox. The Irish operations of the company has had just one director for most of this year.

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